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]