Core Insights - The Bank of New York Mellon Corporation reported quarterly earnings of $1.91 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and showing an increase from $1.52 per share a year ago, resulting in an earnings surprise of +8.52% [1] - The company achieved revenues of $5.08 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.41% and up from $4.65 billion year-over-year [2] - The stock has increased approximately 41.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.87 on revenues of $5.04 billion, while for the current fiscal year, the estimate is $7.14 on revenues of $19.8 billion [7] - The estimate revisions trend for The Bank of New York Mellon was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Major Regional industry, to which The Bank of New York Mellon belongs, is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - BNY Mellon reported record revenue of $5.1 billion, up 9% year-over-year, with a pre-tax margin improvement to 36% and a return on tangible common equity of 26% [3][14] - Earnings per share reached $1.88, reflecting a 25% increase year-over-year [3][16] - Total assets under custody and administration (AUCA) increased to $57.8 trillion, up 11% year-over-year [14] Business Line Data and Key Metrics Changes - Security Services segment revenue was $2.5 billion, up 11% year-over-year, driven by a 12% increase in investment services fees [18] - Market and Wealth Services segment revenue rose to $1.8 billion, up 14% year-over-year, with net new assets of $3 billion [21] - Investment and Wealth Management segment revenue decreased to $824 million, down 3% year-over-year, with assets under management remaining flat at $2.1 trillion [22][23] Market Data and Key Metrics Changes - The U.S. economy showed resilience despite a cooling labor market and persistent inflation, with equity markets climbing and credit spreads remaining tight [4] - Client balances grew solidly across platforms, with robust trading, clearing, and settlement activity [4] Company Strategy and Development Direction - The company is focused on reimagining BNY Mellon through two core transformation programs: a new commercial model and a platforms operating model [5][10] - The new commercial model aims to deliver integrated solutions and enhance client relationships, with significant wins in asset servicing [6][7] - BNY Mellon is embracing AI, launching the BNY AI Lab in collaboration with Carnegie Mellon University to advance AI research and deployment [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate uncertainties, including geopolitical conditions and trade policies, while continuing to execute on strategic initiatives [4][13] - The company anticipates net interest income for the fourth quarter to be flat sequentially, projecting a full-year increase of 12% year-over-year [25][26] Other Important Information - The company returned approximately $1.2 billion of capital to shareholders, resulting in a 92% total payout ratio year-to-date [17] - The transition to the platforms operating model is over 70% complete, with expectations to realize full benefits by early 2028 [9] Q&A Session Summary Question: How much of this growth year over year would you attribute to actions that you've taken versus just a generally good market backdrop? - Management indicated that the growth is a mix of organic growth, higher market levels, and foreign exchange impacts, with a balanced contribution from each factor [27][29] Question: Can you expand a little bit more about de-risking the balance sheet and how you've changed your approach towards interest rate risk management? - Management highlighted the sophistication in risk management tools and a clean, liquid balance sheet, which has contributed to the strength in net interest income [36][38] Question: What early trends have you seen on the back of M&A, merger arb, IPO activity, and the like? - Management noted that there hasn't been a noticeable change in securities lending related to M&A activity, but they remain focused on the business as the world's largest agency lenders [44][47] Question: Do you think the rise of stablecoins could put pressure on fee rates? - Management views the evolution of money market funds and stablecoins as an opportunity rather than turbulence, emphasizing their broad participation in the money market ecosystem [56][58] Question: Can you help us frame how the multi-line of business solutions compare to previous years? - Management indicated that the trend of cross-selling multi-line solutions is meaningfully higher compared to previous years, reflecting the success of the commercial model [60][63]

Financial Data and Key Metrics Changes - The company reported record revenue of $5.1 billion, up 9% year-over-year, with earnings per share of $1.88, up 25% year-over-year [3][14] - Pre-tax margin improved to 36%, and return on tangible common equity was 26% [3][16] - Total assets under custody and administration (AUCA) reached $57.8 trillion, up 11% year-over-year [14] - Net interest income was $1.2 billion, up 18% year-over-year, driven by reinvestment of maturing investment securities at higher yields [15][17] Business Line Data and Key Metrics Changes - Security Services segment reported total revenue of $2.5 billion, up 11% year-over-year, with investment services fees also up 11% [18] - Market and Wealth Services segment revenue was $1.8 billion, up 14% year-over-year, with net new assets of $3 billion driven by inflows from existing and new clients [21] - Investment and Wealth Management segment revenue was $824 million, down 3% year-over-year, with assets under management flat at $2.1 trillion [22][23] Market Data and Key Metrics Changes - The U.S. economy remained resilient despite a cooling labor market and persistent inflation [3][4] - Equity markets continued to climb, and credit spreads remained tight, contributing to solid growth in client balances and robust trading activity [4] Company Strategy and Development Direction - The company is focused on two core transformation programs: a new commercial model and a platforms operating model, both showing positive results [5][9] - The company is embracing AI, launching the BNY AI Lab in collaboration with Carnegie Mellon University to advance AI research and deployment [10][11] - The company aims to enhance its digital asset capabilities and has made significant investments in this area, including partnerships for tokenization and blockchain initiatives [7][8][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate uncertainties such as geopolitical conditions and trade policies while executing its strategy [4][13] - The company expects net interest income for the fourth quarter to be approximately flat sequentially, projecting a full-year increase of 12% year-over-year [25] - Management highlighted the importance of a diversified platform-oriented strategy to capitalize on various market conditions [32][33] Other Important Information - The company returned approximately $1.2 billion of capital to shareholders, resulting in a 92% total payout ratio year-to-date [17] - The transition to the platforms operating model is expected to be completed within the next year, with full benefits anticipated by early 2028 [9] Q&A Session Summary Question: How much of this growth year over year would you attribute to actions that you've taken versus just a generally good market backdrop? - Management indicated that the growth is a mix of organic growth, higher market levels, and foreign exchange impacts, with a balanced contribution from each factor [27][29] Question: Can you expand a little bit more about de-risking the balance sheet and how you've changed your approach towards interest rate risk management? - Management emphasized the strength and liquidity of the balance sheet, noting proactive measures taken to position for potential lower interest rates [36][39] Question: What early trends have you seen on the back of M&A activity regarding securities lending? - Management noted no significant changes in securities lending but highlighted the importance of the business within the broader collateral management franchise [46][48] Question: Do you think the rise of stablecoins could put pressure on fee rates? - Management viewed the evolution of money market funds and stablecoins as an opportunity rather than turbulence, emphasizing the company's readiness to adapt to technological changes [56][58] Question: How does the company view the total addressable market (TAM) for digital assets? - Management sees digital assets as a long-term opportunity, with investments made to position the company for various aspects of the evolving market [75][77]

Financial Data and Key Metrics Changes - BNY Mellon reported record revenue of $5.1 billion, up 9% year-over-year, with a pre-tax margin improvement to 36% and a return on tangible common equity of 26% [3][16] - Earnings per share reached $1.88, reflecting a 25% increase year-over-year [3][16] - Total assets under custody and administration (AUCA) increased to $57.8 trillion, up 11% year-over-year [14] Business Line Data and Key Metrics Changes - Security Services segment revenue was $2.5 billion, up 11% year-over-year, with investment services fees also increasing by 11% [18] - Market and Wealth Services segment reported total revenue of $1.8 billion, up 14% year-over-year, with investment services fees rising by 9% [20] - Investment and Wealth Management segment revenue decreased to $824 million, down 3% year-over-year, with investment management fees down 1% [22] Market Data and Key Metrics Changes - The U.S. economy remained resilient despite a cooling labor market and persistent inflation above the Federal Reserve's target [3] - Equity markets continued to rise, and credit spreads remained tight, contributing to solid growth in client balances and robust trading activity [4] Company Strategy and Development Direction - BNY Mellon is focused on reimagining its operations through two core transformation programs: a new commercial model and a platforms operating model [4][10] - The company is embracing AI, launching the BNY AI Lab in collaboration with Carnegie Mellon University to advance AI research and deployment [10] - The firm is also investing in digital assets and blockchain technology to support institutional adoption and enhance product offerings [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate uncertainties, including geopolitical conditions and trade policies, while executing its transformation strategy [4][12] - The company anticipates continued organic growth driven by its integrated solutions and the successful implementation of its commercial model [5][10] Other Important Information - BNY Mellon returned approximately $1.2 billion of capital to shareholders, resulting in a 92% total payout ratio year-to-date [17] - The firm expects net interest income for the fourth quarter to be approximately flat sequentially, projecting a full-year increase of 12% year-over-year [25] Q&A Session Summary Question: How much of this growth year over year would you attribute to actions that you've taken versus just a generally good market backdrop? - Management indicated that the growth is a mix of organic growth, higher market levels, and foreign exchange impacts, with the commercial model and platform operating model positioning the company to take advantage of market opportunities [27][29] Question: Can you expand a little bit more about de-risking the balance sheet and how you've changed your approach towards interest rate risk management? - Management highlighted the sophistication of their risk management tools and the strength of their balance sheet, which has allowed them to navigate seasonal declines in deposits while capitalizing on capital markets activity [36][38] Question: What early trends have you seen on the back of M&A activity regarding securities lending? - Management noted that while they haven't seen a noticeable change in securities lending, they remain focused on the business and its adjacency to broader collateral management services [42][44] Question: Is the move towards on-chain tokenization disruptive from revenue margins for BNY Mellon? - Management views the evolution towards on-chain capabilities as a tangible revenue opportunity rather than a risk, emphasizing their readiness to adapt to technological changes in the market [78][79]

Financial Data and Key Metrics Changes - The company reported record revenue of $5.1 billion, up 9% year over year [5][21] - Earnings per share increased to $1.88, reflecting a 25% year-over-year growth [6][24] - The pretax margin improved to 36%, with a return on tangible common equity of 26% [6][24] Business Line Data and Key Metrics Changes - Security Services revenue was $2.5 billion, up 11% year over year, driven by strong client activity and market values [28] - Markets and Wealth Services segment reported total revenue of $1.8 billion, up 14% year over year [30] - Investment and Wealth Management segment revenue decreased to $824 million, down 3% year over year, with assets under management flat at $2.1 trillion [33][34] Market Data and Key Metrics Changes - Firm-wide assets under custody and administration (AUCA) increased to $57.8 trillion, up 11% year over year [22] - The ETF AUCA grew by 35% year over year, outperforming market growth [28] - Foreign exchange revenue was down 5% year over year, reflecting corporate treasury activity [22] Company Strategy and Development Direction - The company is focused on two core transformation programs: a new commercial model and a platform operating model [8][9] - The new commercial model aims to deliver integrated solutions and enhance client relationships [9][10] - The company is investing in AI and has launched the BNY AI Lab in collaboration with Carnegie Mellon University [16] Management's Comments on Operating Environment and Future Outlook - Management noted a resilient U.S. economy despite challenges such as inflation and geopolitical risks [6][8] - The company expects net interest income for the fourth quarter to be flat sequentially, projecting a 12% year-over-year increase for the full year [36] - Management expressed confidence in the strategy's effectiveness, citing positive indicators for future success [19] Other Important Information - The company returned approximately $1.2 billion of capital to shareholders, resulting in a 92% total payout ratio year to date [25] - The transition to the platform operating model is over 70% complete, with expectations to finish by next year [14] Q&A Session Summary Question: How much of the growth year over year is attributed to company actions versus market conditions? - Management indicated that the growth is a balanced mix of organic growth, higher market levels, and foreign exchange impacts, with the new commercial model enabling better cross-selling opportunities [40][41] Question: Can you expand on the approach towards interest rate risk management? - Management highlighted the sophistication in risk management tools and a clean, liquid balance sheet, which has contributed to strong net interest income [49][51] Question: What early trends have been seen in securities lending due to capital markets activity? - Management noted no significant changes in securities lending but emphasized the importance of the business within the broader collateral management franchise [58][60] Question: How does the company view the evolution of money market funds and stablecoins? - Management sees the evolution as an opportunity rather than turbulence, emphasizing the company's readiness to adapt to technological changes in the market [68][70] Question: Can you provide insights on multiline business solutions and their growth? - Management indicated that nearly half of the asset servicing wins were multiline solutions, reflecting a meaningful increase compared to previous periods [75][78]

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]

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]

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。 ...

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 ...

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].