The Bank of New York Mellon(BK)
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The Bank of New York Mellon(BK) - 2025 Q3 - Earnings Call Presentation
2025-10-16 11:30
Financial Performance - Revenue increased by 9% year-over-year to $5.1 billion[5] - EPS increased by 25% year-over-year to $1.88[5] - Pre-tax margin increased by 3 percentage points year-over-year to 36%[5] - Expenses increased by 4% year-over-year to $3.2 billion[5] Capital Management - Returned $1.2 billion to common shareholders, including $381 million in dividends and $849 million in share repurchases[5] - Tier 1 leverage ratio increased slightly to 6.1%[3, 11] - CET1 ratio increased to 11.7%[8, 11] Segment Performance - Securities Services total revenue increased by 11% year-over-year to $2.459 billion[19, 20] - Market and Wealth Services total revenue increased by 14% year-over-year to $1.767 billion[23, 24] - Investment and Wealth Management total revenue decreased by 3% year-over-year to $824 million[27, 28]
BNY Profit Rises on Higher Net Interest and Fees
WSJ· 2025-10-16 10:32
Core Insights - Bank of New York Mellon reported an increase in third-quarter profit, driven by a significant rise in net interest income and fees revenue [1] Financial Performance - The company experienced a surge in net interest income, contributing to the overall profit growth [1] - Fees revenue also saw an increase, further enhancing the company's financial performance in the third quarter [1]
纽约梅隆银行三季度经调整EPS为1.91美元 高于预期
Ge Long Hui A P P· 2025-10-16 10:30
格隆汇10月16日|纽约梅隆银行:三季度营收50.8亿美元,预估49.8亿美元;经调整后每股收益1.91美 元,预估1.77美元。 ...
BNY Reports Third Quarter 2025 Results
Prnewswire· 2025-10-16 10:20
Accessibility StatementSkip Navigation NEW YORK, Oct. 16, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, has reported financial results for the third quarter 2025. The company's earnings release along with the quarterly update presentation and other earnings-related documents are available at www.bny.com/investorrelations. Management will host a conference call and simultaneous live audio webcast at 7:30 a.m. ET today. This conference ca ...
The Bank of New York Mellon(BK) - 2025 Q3 - Quarterly Results
2025-10-16 10:15
Financial Performance - Fee and other revenue for Q3 2025 was $3,845 million, a 1% increase from Q2 2025 and a 7% increase year-over-year[4]. - Net interest income reached $1,236 million in Q3 2025, reflecting a 3% increase from Q2 2025 and an 18% increase compared to Q3 2024[4]. - Total revenue for Q3 2025 was $5,081 million, up 1% from Q2 2025 and 9% from Q3 2024[4]. - Net income for Q3 2025 was $1,457 million, a 2% increase from Q2 2025 and a 23% increase year-over-year[4]. - The diluted earnings per common share for Q3 2025 was $1.88, down 3% from Q2 2025 but up 25% from Q3 2024[4]. - Total revenue for Q3 2025 was $5,081 million, an increase of 9% compared to Q3 2024[8]. - Net income for Q3 2025 reached $1,457 million, reflecting a 23% increase year-over-year[8]. - Total revenue for Q3 2025 was $2,459 million, a 10% increase compared to $2,214 million in Q3 2024[22]. - Total revenue for Q3 2025 reached $1,767 million, a 14% increase compared to Q3 2024, and YTD revenue reached $5,195 million, up 13% from YTD 2024[28]. Assets and Management - Assets under custody and/or administration (AUC/A) increased to $57.8 trillion, a 4% rise from Q2 2025 and an 11% increase year-over-year[4]. - Assets under management (AUM) remained stable at $2.1 trillion, with a 2% increase compared to Q3 2024[4]. - Total assets as of September 30, 2025, were $455,312 million, a decrease from $485,781 million in June 2025[11]. - Total assets as of 3Q25 were $437,491 million, slightly down from $438,608 million in 2Q25[16]. - Total securities fair value as of September 30, 2025, was $143,633 million, with a net unrealized loss of $3,692 million, representing a 31% decrease[40]. - The fair value of available-for-sale securities was $99,989 million, accounting for 68% of the securities portfolio, while held-to-maturity securities totaled $46,514 million, or 32%[41]. - Assets under custody/administration (AUC/A) at period end reached $15.8 trillion, a 10% increase compared to Q3 2024[30]. - Total assets under management (AUM) rose to $2,142 billion in Q3 2025, a 2% increase from Q2 2025, but unchanged from Q3 2024[37]. Revenue Sources - Investment services fees amounted to $2,585 million in Q3 2025, up 10% from Q3 2024[8]. - Investment management fees for Q3 2025 were $776 million, a 4% increase from Q2 2025, but a 2% decrease year-over-year from Q3 2024[33]. - Total investment services fees for Q3 2025 were $1,454 million, reflecting an 11% increase from $1,306 million in Q3 2024[22]. - Total fee revenue for 3Q25 was $3,637 million, reflecting a 7% increase compared to $3,404 million in 3Q24[13]. - Total investment services fees for Q3 2025 were $1,120 million, a 9% increase compared to Q3 2024[28]. Expenses and Losses - Total noninterest expense for YTD 2025 was $9,694 million, a 4% increase from YTD 2024[8]. - Noninterest expense for Q3 2025 was $1,656 million, a 6% increase compared to $1,557 million in Q3 2024[22]. - The provision for credit losses was $(7) million in Q3 2025, compared to a provision of $50 million in YTD 2024[8]. - The company reported a provision for credit losses of $(3) million in Q3 2025, compared to $(6) million in Q2 2025[28]. - The total net charge-offs for the period were $(4) million, with a provision for credit losses of $(7) million[45]. Capital and Ratios - The Common Equity Tier 1 (CET1) ratio was reported at 11.7% as of September 30, 2025, compared to 11.5% in the previous quarter[4]. - CET1 capital increased to $20,645 million in Q3 2025 from $19,687 million in Q3 2024, reflecting a growth of 4.9% year-over-year[19]. - The CET1 ratio improved to 11.7% in Q3 2025 from 11.2% in Q4 2024[19]. - The average tangible common shareholders' equity was $20,898 million for Q3 2025[52]. - The Bank of New York Mellon's common shareholders' equity at period end for Q3 2025 is $39,043 million, up from $38,619 million in Q2 2025, representing a 1.1% increase[53]. Market and Shareholder Information - The market capitalization rose to $75,983 million, up from $64,254 million in Q2 2025[4]. - The common dividend payout ratio increased to 28% in Q3 2025, compared to 25% in Q2 2025[4]. - Return on common equity for Q3 2025 was 13.7%, while return on tangible common equity was 25.6%[52]. - The average common shares outstanding decreased by 4% year-over-year to 714,135 million for YTD 2025[8]. - The period-end common shares outstanding for Q3 2025 are 697,349 thousand, a decrease from 705,241 thousand in Q2 2025[53].
X @Bloomberg
Bloomberg· 2025-10-15 23:45
Bank of America and Bank of New York were hit by proposed class-action lawsuits accusing them of aiding in Jeffrey Epstein’s sex-trafficking scheme https://t.co/BVNXkdm7D5 ...
Why Epstein Victims Are Going After Banks: JPMorgan, BNY Both Sued
Forbes· 2025-10-15 23:45
ToplineBank of America and Bank of New York “chose profit” over protecting victims of Jeffrey Epstein despite having information on the late convicted sex offender’s sex trafficking operation, two new lawsuits alleged Wednesday, the latest moves made against major banks regarding Epstein’s crimes and what role financial institutions may have played in facilitating or neglecting them.The lawsuits were filed Wednesday. (Photo by MARK RALSTON / AFP) (Photo by MARK RALSTON/AFP via Getty Images)AFP via Getty Ima ...
NII, Fee Income Growth Likely to Support BNY Mellon's Q3 Earnings
ZACKS· 2025-10-15 17:50
Core Insights - The Bank of New York Mellon Corporation (BK) is expected to report third-quarter 2025 results on October 16, with anticipated year-over-year increases in revenues and earnings [1][10] Financial Performance - In the last reported quarter, BK's earnings exceeded the Zacks Consensus Estimate, driven by increased fee revenues and net interest income (NII), although higher expenses posed a challenge [2] - The average earnings surprise over the last four quarters has been 8.9%, with the consensus estimate for third-quarter earnings at $1.76 per share, reflecting a 15.8% increase from the previous year [3] - The consensus estimate for sales is $4.95 billion, indicating a 6.5% year-over-year growth [3] Revenue Estimates - Total investment services fees are estimated at $2.54 billion, representing an 8.5% increase from the prior year [4] - Financing-related fees are projected at $54 million, showing a 1.9% year-over-year rise [4] - Distribution and servicing fees are expected to decline by 2.8% year-over-year, with a consensus estimate of $36.92 million [5] - Foreign exchange revenues are anticipated to reach $185 million, reflecting a 5.7% increase from the previous year [6] - Total fees and other revenues are estimated at $3.79 billion, indicating a 5.3% year-over-year rise [7] Net Interest Income (NII) - NII is expected to be positively impacted by high interest rates for most of the third quarter, with a consensus estimate of $1.17 billion, marking an 11.4% year-over-year increase [9] - The overall loan balances have increased, contributing to the rise in NII [9] Expense Outlook - Overall expenses are projected to rise due to inflation, technology upgrades, and restructuring initiatives, with estimates for non-interest expenses at $3.25 billion, suggesting a 4.9% year-over-year increase [11] Earnings Expectations - The company has a positive Earnings ESP of +0.86%, indicating a high likelihood of beating the Zacks Consensus Estimate [12] - BNY Mellon currently holds a Zacks Rank 3, suggesting a stable outlook [13]
EquiLend's 1Source Goes Live With BNY and National Bank of Canada. Additional Counterparties to Follow
Prnewswire· 2025-10-15 12:30
Core Insights - EquiLend has announced that The Bank of New York Mellon Corporation (BNY) and National Bank of Canada have begun executing trades using 1Source's distributed ledger technology (DLT) to enhance efficiency and eliminate reconciliations [1][3][4] - The adoption of 1Source is expected to transform global securities finance workflows by providing a single source of truth for transactions, thereby increasing operational efficiency and reducing trade breaks [3][4] - The onboarding of BNY and National Bank of Canada is seen as a significant milestone in EquiLend's mission to improve post-trade infrastructure across the securities finance industry [4][5] Industry Impact - The momentum behind 1Source is growing, with additional global broker-dealers expected to join, which will further expand the network and enhance industry-wide synchronization [2][4] - Third-party estimates suggest that 1Source could save industry participants hundreds of millions of dollars annually through improved operational efficiency and optimized costs [4] - The collaboration among industry participants is expected to drive improved accuracy, transparency, and efficiency in securities finance [4][5] Company Statements - EquiLend's CEO, Rich Grossi, emphasized that each new participant strengthens the network effect of 1Source, accelerating the benefits for the industry [4] - BNY's Head of Securities Finance, Nehal Udeshi, highlighted the commitment to innovation and the aim to manage challenges associated with manual reconciliation [5] - National Bank of Canada's Managing Director, Carl Attie, noted that joining 1Source lays the foundation for broader adoption and future enhancements in the securities finance marketplace [5]