BNY is adding Google's Gemini 3 to its enterprise AI platform Eliza, the bank said Monday. The move focuses on "agentic" AI that supports multi-step financial workflows. It comes as Wall Street's AI arms race intensifies among Wall Street banks and investment firms. The race on Wall Street to deploy AI agents capable of handling end-to-end tasks is intensifying. On Monday, BNY said it will embed Google Cloud's agentic AI technology — including Google's latest model, Gemini 3 — into the bank's inte ...

Gemini Enterprise to help accelerate deep research capabilities for the bank's global workforce SUNNYVALE, Calif. and NEW YORK, Dec. 8, 2025 /PRNewswire/ -- BNY (NYSE: BK) and Google Cloud today announced the integration of Gemini Enterprise – Google Cloud's agentic AI platform powered by its most advanced models – into BNY's enterprise AI platform, Eliza. This strategic integration is helping advance Eliza's agentic deep research capabilities for market analysis and equipping the company's global workforce ...

Core Insights - The Bank of New York Mellon Corporation (BK) shares reached a new 52-week high of $114.43, with a 26.2% increase over the past six months, outperforming the industry and major benchmarks [1][8]. Financial Performance - BK's net interest income (NII) is projected to grow at a compound annual growth rate (CAGR) of 6.2% through 2024, with net interest margin (NIM) improving to 1.32% in 2024 from 1.26% in 2023 [5][6]. - Total revenues and loans are expected to grow at a CAGR of 2.5% and 5.4%, respectively, over the same period [6]. Revenue Drivers - Higher interest rates, technology-driven revenue initiatives, and new digital-asset offerings are expected to support BK's growth [8]. - The launch of a Stablecoin reserves fund aims to enhance institutional adoption of digital assets, contributing to fee revenues [9]. Strategic Initiatives - BNY Mellon is expanding its international presence through new services, digitization, and strategic acquisitions, with non-U.S. revenues making up 35% of total revenues in the first nine months of 2025 [11][12]. - The company has made significant acquisitions, including Archer in 2024 and Optimal Asset Management in 2021, to capitalize on growth in overseas securities markets [12]. Balance Sheet Strength - As of September 30, 2025, BK's total cash and cash equivalents were $122.5 billion, with total debt at $55.9 billion, indicating a solid liquidity position [13][14]. - The company maintains strong capital ratios, with a common equity tier 1 ratio of 11.7% and a total capital ratio of 15.3%, well above regulatory requirements [15][17]. Dividend and Share Repurchase - BK has consistently raised its quarterly cash dividends, with a recent increase of 12.8% to 53 cents per share, and has a share repurchase program worth $6 billion [20][17]. - The company aims to return 100% or more of its earnings to shareholders in 2025, having returned 102% in the previous year [20]. Analyst Sentiment - The Zacks Consensus Estimate for earnings per share is projected to grow by 22.1% and 10% for 2025 and 2026, respectively, reflecting bullish analyst sentiments [21][22]. Challenges - Rising operating expenses have been noted, with total non-interest expenses showing a CAGR of 3.1% over the last five years, and costs are expected to remain elevated due to inflation and technology upgrades [23][26]. - Fee income, which constitutes 71.7% of total revenues, has shown a low CAGR of 0.6% over the past five years, raising concerns about sustainability [27][28]. Valuation - BK stock is currently trading at a forward P/E of 14.16X, higher than the industry average of 11.60X, indicating a stretched valuation compared to peers [29][30].

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With a market cap of $78.2 billion, The Bank of New York Mellon Corporation (BK) is a leading global financial services company. It provides a comprehensive range of investment and wealth management, securities services, and market solutions to institutions, corporations, and high-net-worth individuals worldwide. Companies worth more than $10 billion are generally labeled as “large-cap” stocks and BNY Mellon fits this criterion perfectly. Operating through multiple business segments, BNY Mellon serves as ...

Core Viewpoint - The Bank of New York Mellon Corporation (BK) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which are crucial for stock price movements [1][4][6]. Earnings Estimates and Ratings - The Zacks rating system focuses on changes in earnings estimates, which are tracked through the Zacks Consensus Estimate, reflecting EPS estimates from sell-side analysts for the current and following years [2][9]. - The recent upgrade for The Bank of New York Mellon signifies an improvement in its earnings outlook, likely leading to increased buying pressure and a rise in stock price [4][6]. Impact of Institutional Investors - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [5]. - An increase in earnings estimates typically results in a higher fair value for the stock, prompting institutional investors to buy or sell, which influences stock price [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly Zacks Rank 1 stocks averaging a +25% annual return since 1988 [8]. - The upgrade of The Bank of New York Mellon to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11]. Earnings Estimate Revisions - The Bank of New York Mellon is projected to earn $7.36 per share for the fiscal year ending December 2025, with no year-over-year change, but the Zacks Consensus Estimate has increased by 3.1% over the past three months [9].

Core Insights - U.S. Bancorp (USB) and The Bank of New York Mellon Corporation (BK) are both considered for investors seeking undervalued stocks in the Banks - Major Regional sector [1] Valuation Metrics - USB has a forward P/E ratio of 10.78, while BK has a forward P/E of 15.14 [5] - USB's PEG ratio is 0.93, indicating a favorable valuation relative to its expected earnings growth, compared to BK's PEG ratio of 1.01 [5] - USB's P/B ratio is 1.34, while BK's P/B ratio is 1.97, suggesting USB is more undervalued based on book value [6] Investment Outlook - Both USB and BK hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook [3] - USB has a Value grade of B, while BK has a Value grade of D, suggesting USB is the superior value option based on current metrics [6]

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Core Insights - BNY Mellon's core strategy for expanding its investment research capabilities is centered on precise acquisitions to achieve capability integration and leapfrogging, rather than relying solely on internal development [3] - The group adopts a management philosophy of independent empowerment and collaborative complementarity, forming a distinctive diversified product matrix [3] - BNY Mellon's model provides key insights for Chinese asset management institutions, emphasizing that the extension of capability circles can be achieved through acquisitions while maintaining a balance between independence and integration [3] Group 1: Company Overview - BNY Mellon, formed from the merger of the first U.S. bank and Mellon Financial Corporation in 2007, is the world's largest custodian bank, with over 70% of its revenue derived from fees and commissions from 2020 to 2024 [5][6] - The company's strategic transformation has involved shedding traditional banking operations and focusing on core strengths, marking a significant shift towards a fee-driven financial services model [5] Group 2: Acquisition Strategy - BNY Mellon's asset management capabilities have been built through a series of strategic acquisitions rather than organic growth, leveraging its vast institutional client base to drive demand for asset management products [12] - Key acquisitions include the purchase of Dreyfus in 1994 for cash management expertise, Insight Investment in 2009 for fixed income, and ARX in 2008 to expand into the South American market [12][14] Group 3: Product Matrix and Strategies - BNY Mellon has established a vast product matrix through its asset management subsidiaries, focusing on niche markets and specialized strategies, such as Insight Investment's leadership in fixed income and Newton's tailored equity investment strategies [19][20] - The company offers a comprehensive range of products from active to passive investments, covering traditional equities and bonds to alternative investments [19] Group 4: Research and Investment Capability Development - BNY Mellon's investment research capability development can be divided into two acquisition waves, with the first focusing on foundational asset management capabilities and the second on global expansion and specialization [38] - The company emphasizes differentiated positioning among its subsidiaries, ensuring collaboration rather than overlap in multi-asset strategies [41][42] Group 5: Management Philosophy and Core Competencies - BNY Mellon respects the independence of its acquired asset management subsidiaries while empowering them with resources and distribution channels, optimizing asset management scale based on each subsidiary's expertise [44] - The BNY Investment Institute serves as a central hub for macroeconomic insights and investment strategy support, enhancing the overall research capabilities of the group [44]

Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating potential breaches of fiduciary duties by the leadership of The Bank of New York Mellon Corporation to the bank and its shareholders [1] Group 1 - The investigation focuses on whether members of the board of directors or senior management of Bank of New York Mellon failed to manage their responsibilities appropriately [1]