BNY Mellon Q1 profit rises on higher interest income

Bank Of New York Mellon

16/04/2026 11:40

Overview

US custody bank's Q1 revenue grew 13% yr/yr, driven by Securities Services and Market & Wealth Services

Diluted EPS for Q1 rose 42% yr/yr

Company authorized new $10 bln share repurchase program

Result Drivers

BROAD-BASED BUSINESS GROWTH - Co said revenue growth was driven by Securities Services and Market & Wealth Services businesses

RECORD SALES PERFORMANCE - Co reported strongest quarterly sales performance in its history and several strategic business wins

OPERATING LEVERAGE - Co said positive operating leverage contributed to higher profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$5.41 bln
Q1 EPS
$2.24
Q1 Net income applicable to common shareholders
$1.56 bln
Q1 Net Interest Income
$1.37 bln
Q1 CET1 Capital Ratio
11.00%
Q1 Fee Revenue
$3.77 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Bank of New York Mellon Corp is $136.00, about 3.1% above its April 15 closing price of $131.96

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)