Bank of New York Mellon Corp · BNY · FY2026 Q2 · Calendar Q3 2026
BNY raises 2026 outlook as fee growth and AI investment accelerate
BNY's Q2 results support a constructive operating thesis: strong fee and net interest income growth, expanding operating leverage, and continued client-platform investment are reinforcing near-term momentum. The case depends on sustaining organic fee growth, converting AI investment into measurable benefits, and managing rate sensitivity and seasonality.
Earnings scorecard
Reported versus consensusMarket reaction
prior-close to event-session closeAsk FN2 about BNY FY2026 Q2
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported another record quarter, raised the 2026 revenue outlook to 10–11% growth, and increased its expected net interest income growth to 12–13%. The discussion also emphasized expanded Circle collaboration for institutional USDC mint-and-burn capability and broader AI use in software development.
Guidance delta
Management raised its 2026 revenue outlook to 10–11% year-over-year growth and expects net interest income to grow 12–13% year over year.
Key takeaways
- Q2 revenue and EPS exceeded expectations, supported by broad-based fee and net interest income growth.
- Operating leverage added about 600 basis points; pretax margin reached 40% and RO-TCE 31%.
- Management highlighted AI-enabled productivity, digital-asset custody, and integrated platform solutions as growth drivers.
- Capital returns remained strong, with $1.5 billion returned during the quarter and the dividend increased 19%.
- Management flagged possible Q3 seasonality and continued sensitivity to rates and deposit-beta assumptions.
Management priorities
- Embed AI further across workflows and product suites.
- Scale digital-asset custody, including mint-and-burn capabilities.
- Launch integrated solutions through the platform operating model.
- Deepen client relationships and capture additional white-space opportunities.
Follow BNY with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeCompany context
Snapshot as of publicationThe Bank of New York Mellon Corp. is a holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other. The Securities Services segment includes the Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data, and analytics solutions. The Market and Wealth Services segment consists of the Pershing, Clearance and Collateral Management, and Treasury Services businesses. The Investment and Wealth Management segment is involved in services to institutional and retail investors, as well as investment management, wealth, and estate planning. The Other segment refers to the leasing portfolio, corporate treasury activities, derivatives, and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.
Historical context
All BNY earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RF-PF Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Regions Financial posts solid Q3 as fees and capital support returns |
| CFG-PE Citizens Financial Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | — | Citizens Financial: Record Q3, private bank and fees lead growth |
| MTB M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -2.0% | M&T Bank: Loan Growth Holds, Credit Risks Bear Watching |
| TFC Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +1.2% | Truist sharpens focus as balance-sheet repositioning continues |
| TFC-PO Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Truist refocuses on deposits, fees and balance-sheet efficiency |
| CFG-PH Citizens Financial Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | — | Citizens Financial: Q3 Revenue Record, NIM Outlook Improves |
Latest beats and misses
Who reports nextBeat on EPS
- AAFY2026 Q3 · October 15, 2026+20.5% EPS+7.2% move
- JBHTFY2026 Q3 · October 15, 2026+0.6% EPS-2.0% move
- PLDFY2026 Q3 · October 15, 2026+105.9% EPS-2.7% move
- BNYFY2026 Q3 · October 15, 2026+4.4% EPS+3.2% move
- USB-PRFY2026 Q3 · October 15, 2026+1.5% EPS— move
- USB-PSFY2026 Q3 · October 15, 2026+1.5% EPS— move
Get the BNY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-15T17:03:36.171637+00:00
- FN2 earnings calendar · 2026-08-20T01:23:16.878803+00:00
- Polygon adjusted daily market bars · 2026-10-16T16:00:45.104678+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-16T16:00:45.102911+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-16. For educational purposes only; not investment advice.