Bank of New York Mellon Past Earnings Performance
Past criteria checks 4/6
Bank of New York Mellon has been growing earnings at an average annual rate of 14%, while the Capital Markets industry saw earnings growing at 7.2% annually. Revenues have been growing at an average rate of 5.9% per year. Bank of New York Mellon's return on equity is 14%, and it has net margins of 28.1%.
Key information
13.96%
Earnings growth rate
18.92%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 5.86% |
| Return on equity | 14.00% |
| Net Margin | 28.13% |
| Next Earnings Update | 15 Oct 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Jul 22
Bank of New York Mellon: Market-Related Tailwinds Continue To Drive Strong Growth
Summary Bank of New York Mellon is posting record levels of profitability, with its return on tangible equity nudging past the 30% level in Q2 2026. BNY's fee income is benefiting from strong equity markets, while last quarter provided fresh evidence that margin pressure in the core custody business has eased. BNY's interest-related income is also benefiting from a cyclically high margin. Despite stellar results, valuation matters. BNY now trades for nearly 5x tangible book value and over 17x 2026 EPS, both of which look expensive compared to historical levels. Read the full article on Seeking Alpha
Narrative Update • Jul 21
BNY: AI And Digital Asset Execution Will Shape Balanced Forward Outlook
The updated analyst price target framework for Bank of New York Mellon Corporation now points to a fair value of about $166 per share, up from roughly $151. Analysts generally attribute this shift to stronger Q2 earnings, higher revenue and EPS estimates, and expectations for sustained efficiency and margin performance at BNY.Narrative Update • Jul 07
BNY: Digital Asset Initiatives And Higher Capital Returns Will Shape Forward Outlook
Analysts have raised price targets for Bank of New York Mellon Corporation into a $145 to $165 range, and the updated fair value estimate of about $150.57 now reflects slightly higher revenue growth, a marginally stronger profit margin profile, a modestly higher future P/E assumption, and a small adjustment in the discount rate. Analyst Commentary Recent Street research on Bank of New York Mellon Corporation points to a cluster of higher price targets and updated earnings assumptions, giving you a clearer view of how analysts are weighing the trade off between valuation, growth opportunities, and execution risks for BNY.Narrative Update • Jun 23
BNY: Platform And AI Shift With Capital Returns Will Support Outlook
Analysts have maintained their price target for Bank of New York Mellon Corporation at $142.85. The fair value estimate also remains unchanged, and only minor adjustments have been made to inputs such as the discount rate, long term revenue growth, profit margin, and future P/E.Narrative Update • Jun 08
BNY: Record Scale And Capital Returns Will Support A Steady Outlook
Analysts have nudged their price target on Bank of New York Mellon Corporation higher, with fair value moving from about $141.62 to $142.85 as they refine assumptions around the discount rate, long term revenue growth, profit margin and future P/E for BNY. What's in the News Bank of New York Mellon Corporation reported first quarter earnings per share growth of 42%, supported by an 18% rise in interest income from higher yields, with management also highlighting efficiency gains from AI that are speeding up client onboarding and settlement inquiry handling.Narrative Update • May 24
BNY: Capital Returns And Digital Collateral Push Will Support A Steady Outlook
Analysts have nudged their price target for Bank of New York Mellon Corporation slightly lower to about $142 from roughly $142 previously, reflecting modest tweaks to discount rate and revenue growth assumptions, along with a marginally higher future P/E multiple in their valuation work. What's in the News BNY plans to change its New York Stock Exchange ticker symbol to BNY from BK, effective May 21, 2026 (Key Developments).Narrative Update • Apr 28
BK: Capital Returns And New Partnerships Will Support A Steady Outlook
Analysts have raised their price target for Bank of New York Mellon Corporation to about $142 from roughly $134, reflecting updated assumptions that include a slightly higher expected P/E ratio, a modestly stronger profit margin, and a somewhat softer revenue growth outlook for BNY. What's in the News From January 1, 2026 to March 31, 2026, Bank of New York Mellon Corporation repurchased 8,284,041 shares, about 1.2% of its shares, for US$983 million, completing a total buyback of 53,605,309 shares, about 7.57%, for US$5,185.57 million under the program announced on April 16, 2024 (Key Developments).Narrative Update • Apr 08
BK: Capital Returns And New Partnerships Will Shape A Balanced Outlook
Analysts have slightly trimmed their price target for Bank of New York Mellon Corporation to $133.50, reflecting updated assumptions for discount rate, revenue growth, profit margin, and forward P/E. This suggests a modest recalibration rather than a major shift in the outlook.Narrative Update • Mar 25
BK: Capital Returns And New Partnerships Will Drive Future Upside Potential
Analysts have modestly revised their price target for Bank of New York Mellon Corporation, with updated assumptions around the discount rate, revenue growth, profit margin and future P/E, which point to a refined fair value of $133.83 per share. What's in the News Bank of New York Mellon Corporation plans a public offering of depositary shares tied to a new Series M Noncumulative Perpetual Preferred Stock.Narrative Update • Mar 11
BK: Capital Returns And New Partnerships Will Support Future Upside Potential
Analysts have adjusted their price target for Bank of New York Mellon Corporation to $133.83 per share, reflecting updated assumptions for the discount rate, revenue growth of about 5.04%, and a future P/E of about 16.84x. Together, these factors frame a refreshed view of BNY's long-term earnings power.Narrative Update • Feb 24
BK: AI Integration And Capital Returns Will Support Future Upside Potential
Analysts have nudged their fair value estimate for Bank of New York Mellon Corporation higher from $132.60 to about $133.83, reflecting updated assumptions for revenue growth, profit margins, and future P/E that slightly adjust the risk and return trade off in their models. What's in the News Chilwa Minerals Limited appointed BNY as its depositary bank to establish a sponsored American Depositary Receipt program as the company works toward a potential Nasdaq listing, positioning BNY within another cross border capital markets mandate (Client announcement).Narrative Update • Feb 10
BK: AI And Stablecoin Initiatives Will Support Measured Future Return Potential
Analysts have updated their view on Bank of New York Mellon Corporation, with the latest inputs pointing to a refined P/E outlook supported by adjustments to discount rate assumptions, rather than a shift in the underlying fair value estimate of US$132.60. What's in the News Bank of New York Mellon Corporation and Williams F1 Team agreed a long term partnership that will feature BNY branding on the FW48 car and team kit across the 24 race 2026 season, with plans to use Formula 1 events as client engagement touchpoints in key financial hubs.Narrative Update • Jan 26
BK: AI And Stablecoin Services Will Support Future Upside Potential
Analysts have nudged their fair value estimate for Bank of New York Mellon Corporation higher to US$132.60 from US$127.67, citing updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, BNY repurchased 9,034,550 shares, representing 1.3% of shares, for US$1,000m.Narrative Update • Jan 12
BK: AI Partnerships And Stablecoin Services Will Support A Balanced Outlook
Analysts have lifted their implied fair value for Bank of New York Mellon Corporation to $127.67 from $119.03, reflecting updated assumptions on revenue growth, profitability, and a slightly lower discount rate that together support a modestly higher forward P/E outlook for BNY. What's in the News Guggenheim Strategic Opportunities Fund entered into a Fund Administration and Accounting Agreement with BNY, under which BNY provides administration, bookkeeping, accounting, and pricing services for a fee based on the fund's average daily net assets, subject to a minimum annual fee, plus reimbursement of certain expenses (client announcement).Narrative Update • Dec 21
BK: Digital Assets, AI Integration And Buybacks Will Shape A Balanced Outlook
Analysts modestly raised their price target on Bank of New York Mellon by approximately 1 dollar to reflect slightly stronger long term revenue growth expectations, partially offset by a marginally lower forecast profit margin and a small adjustment to the discount rate. What's in the News BNY integrated Google Cloud's Gemini Enterprise platform into its Eliza enterprise AI system to enhance agentic research, automate data intensive tasks, and give employees multimodal tools to analyze complex financial information (Key Developments) The firm launched the BNY Dreyfus StablecoinReserves Fund, a government money market vehicle designed to hold reserves for U.S. stablecoin issuers under the GENIUS Act, targeting rapid growth in the stablecoin market and securing an initial investment from Anchorage Digital (Key Developments) WisdomTree appointed BNY as the core banking as a service infrastructure provider for its WisdomTree Prime retail platform, making WisdomTree BNY's first retail digital assets BaaS client and expanding access to tokenized real world assets for U.S. investors (Key Developments) BNY completed a major share repurchase tranche, buying back more than 35.8 million shares, or just over 5% of its share count, under the buyback program announced in April 2024 (Key Developments) The company guided to net interest income for full year 2025 rising about 12% year over year, with fourth quarter net interest income expected to be roughly flat sequentially after a strong third quarter (Key Developments) Valuation Changes The fair value estimate has risen slightly to 119.03 dollars from 118.03 dollars, reflecting modestly higher long term expectations.Narrative Update • Dec 07
BK: Digital Asset Partnerships And Buybacks Will Support A Balanced Outlook
Analysts have slightly trimmed their price target on Bank of New York Mellon by about 0.1 percent to approximately 118.03 dollars, reflecting marginally higher discount rate assumptions and only negligible adjustments to long term growth and profitability expectations. What's in the News BNY launched the BNY Dreyfus StablecoinReserves Fund, a government money market fund designed to hold reserves for U.S. stablecoins issued under the new GENIUS Act, targeting a stablecoin market that could reach 1.5 trillion dollars by 2030 (Key Developments).Narrative Update • Nov 23
BK: Digital Asset Expansion And Share Buybacks Will Sustain A Balanced Outlook
Narrative Update on Bank of New York Mellon Analysts have maintained their fair value estimate for Bank of New York Mellon at $118.10. They cite stable revenue growth expectations and only minor adjustments to discount rate and profit margin assumptions.Narrative Update • Nov 07
BK: Measured Progress In Digital Assets And Partnerships Will Support Steady Outlook
Narrative Update on Bank of New York Mellon Analysts have slightly raised their price target for Bank of New York Mellon, increasing it by $0.03 to $118.10. This change is attributed to modest improvements in discount rate, revenue growth, and profit margin projections.Narrative Update • Oct 24
Digital Transformation And Partnerships Will Shape Financial Markets Of Tomorrow
Analysts have raised their price target for Bank of New York Mellon by approximately $4.83 to $118.07 per share. They cited improvements in the company’s projected profit margin and fair value estimates as the reason for the adjustment.Narrative Update • Oct 10
Digital Transformation And ESG Will Open Future Markets
Analysts have raised their price target for Bank of New York Mellon from $104.82 to $113.23, citing modest improvements in projected revenue growth and updated financial metrics. What's in the News BNY Mellon and Carnegie Mellon University announced a five-year, $10 million partnership to develop advanced AI technologies and frameworks.Narrative Update • Sep 26
Digital Transformation And ESG Will Open Future Markets
The slight upward revision in Bank of New York Mellon’s Analyst Price Target primarily reflects a modest increase in consensus revenue growth expectations, raising the fair value estimate from $102.27 to $104.82. What's in the News BNY Mellon eliminated its Series G Noncumulative Perpetual Preferred Stock following the full redemption of outstanding shares and an amendment to its Certificate of Incorporation.Narrative Update • Sep 06
Digital Transformation And ESG Will Open Future Markets
Bank of New York Mellon's fair value estimate was marginally raised to $102.27, as consensus revenue growth and net profit margin forecasts remain effectively unchanged. What's in the News Merger rumors between Bank of New York Mellon and Northern Trust surfaced but were publicly denied by both firms, with Northern Trust reaffirming its independence and BNY CEO downplaying interest in large M&A.Seeking Alpha • Mar 27
BK.PR.K: A 6.15% Investment Grade IPO From The Bank Of New York Mellon
Summary The Bank of New York Mellon Corporation's new preferred stock, BK-K, offers a 6.15% annual dividend, resetting every five years post-2030 based on the U.S. five-year Treasury rate plus 2.161%. BK-K is rated BBB by S&P, Baa1 by Moody's, and BBB+ by Fitch, trading at $25.67 with a current yield of 5.99% and a yield to call of 5.67%. BK has a strong history of dividend payments, with 25 years of uninterrupted distributions and a solid cushion to cover preferred dividends. BK-K is fairly priced compared to the bank's OTC debt and listed peers, not a bargain at current valuation. Read the full article on Seeking AlphaSeeking Alpha • Feb 25
Bank Of New York Mellon Upgraded To Buy As Further Upside Expected In 2025
Summary Bank of New York Mellon gets upgraded to buy, from my prior hold rating, agreeing with the Wall St. consensus today. Upside can come from recent loan growth, AUM/AUA growth, a strong profit margin, and leadership position among global custodian banks. As a proven 10 year dividend grower, it will attract dividend income investors as well, as well as those looking for strong credit ratings. Fed rate decisions always could pose interest rate risk in this space, as well as competition from other financial firms like Morgan Stanley. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Bank of New York Mellon makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 21,415 | 6,024 | 11,693 | 0 |
| 31 Mar 26 | 20,754 | 5,719 | 11,569 | 0 |
| 31 Dec 25 | 20,112 | 5,306 | 11,447 | 0 |
| 30 Sep 25 | 19,734 | 5,009 | 11,406 | 0 |
| 30 Jun 25 | 19,271 | 4,780 | 11,315 | 0 |
| 31 Mar 25 | 18,823 | 4,532 | 11,140 | 0 |
| 31 Dec 24 | 18,549 | 4,336 | 11,080 | 0 |
| 30 Sep 24 | 17,996 | 3,368 | 10,944 | 0 |
| 30 Jun 24 | 17,788 | 3,216 | 10,986 | 0 |
| 31 Mar 24 | 17,690 | 3,109 | 10,949 | 0 |
| 31 Dec 23 | 17,578 | 3,067 | 11,164 | 0 |
| 30 Sep 23 | 17,202 | 3,414 | 10,840 | 0 |
| 30 Jun 23 | 17,094 | 2,775 | 10,678 | 0 |
| 31 Mar 23 | 16,802 | 2,574 | 10,565 | 0 |
| 31 Dec 22 | 16,490 | 2,345 | 10,650 | 0 |
| 30 Sep 22 | 16,472 | 2,675 | 10,392 | 0 |
| 30 Jun 22 | 16,243 | 3,237 | 10,238 | 0 |
| 31 Mar 22 | 16,082 | 3,392 | 10,053 | 0 |
| 31 Dec 21 | 16,162 | 3,550 | 9,879 | 0 |
| 30 Sep 21 | 15,958 | 3,429 | 9,793 | 0 |
| 30 Jun 21 | 15,716 | 3,423 | 9,646 | 0 |
| 31 Mar 21 | 15,537 | 3,333 | 9,559 | 0 |
| 31 Dec 20 | 15,472 | 3,417 | 9,425 | 0 |
| 30 Sep 20 | 16,430 | 4,101 | 9,480 | 0 |
| 30 Jun 20 | 16,469 | 4,225 | 9,455 | 0 |
| 31 Mar 20 | 16,534 | 4,290 | 9,408 | 0 |
| 31 Dec 19 | 16,487 | 4,254 | 9,407 | 0 |
| 30 Sep 19 | 15,708 | 3,696 | 9,404 | 0 |
| 30 Jun 19 | 15,903 | 3,765 | 9,377 | 0 |
| 31 Mar 19 | 16,112 | 3,848 | 9,422 | 0 |
| 31 Dec 18 | 16,403 | 4,070 | 9,399 | 0 |
| 30 Sep 18 | 16,130 | 4,361 | 9,337 | 0 |
| 30 Jun 18 | 16,080 | 4,268 | 9,288 | 0 |
| 31 Mar 18 | 15,902 | 4,133 | 9,173 | 0 |
| 31 Dec 17 | 15,567 | 3,872 | 9,093 | 0 |
| 30 Sep 17 | 15,616 | 3,563 | 8,791 | 0 |
| 30 Jun 17 | 15,554 | 3,547 | 8,747 | 0 |
| 31 Mar 17 | 15,376 | 3,446 | 8,703 | 0 |
| 31 Dec 16 | 15,248 | 3,373 | 8,726 | 0 |
| 30 Sep 16 | 15,028 | 3,192 | 8,723 | 0 |
| 30 Jun 16 | 14,857 | 3,047 | 8,729 | 0 |
| 31 Mar 16 | 14,964 | 3,052 | 8,769 | 0 |
| 31 Dec 15 | 15,034 | 3,010 | 8,841 | 0 |
| 30 Sep 15 | 15,159 | 2,591 | 8,852 | 0 |
Quality Earnings: BNY has high quality earnings.
Growing Profit Margin: BNY's current net profit margins (28.1%) are higher than last year (24.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BNY's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: BNY's earnings growth over the past year (26%) exceeds its 5-year average (14% per year).
Earnings vs Industry: BNY earnings growth over the past year (26%) did not outperform the Capital Markets industry 34.3%.
Return on Equity
High ROE: BNY's Return on Equity (14%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/21 07:58 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Bank of New York Mellon Corporation is covered by 36 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Jason Goldberg | Barclays |
| Charles Hintz | Bernstein |