Earnings summaries and quarterly performance for Bank of New York Mellon.
Executive leadership at Bank of New York Mellon.
Board of directors at Bank of New York Mellon.
Alfred W. Zollar
Director
Elizabeth E. Robinson
Director
Jeffrey A. Goldstein
Director
Joseph Echevarria
Lead Independent Director
K. Guru Gowrappan
Director
Linda Cook
Director
M. Amy Gilliland
Director
Rakefet Russak-Aminoach
Director
Ralph Izzo
Director
Sandie O’Connor
Director
Research analysts who have asked questions during Bank of New York Mellon earnings calls.
Alexander Blostein
Goldman Sachs
6 questions for BK
Betsy Graseck
Morgan Stanley
6 questions for BK
Ebrahim Poonawala
Bank of America Securities
6 questions for BK
David Smith
Truist Securities
5 questions for BK
Brennan Hawken
UBS Group AG
4 questions for BK
Brian Bedell
Deutsche Bank
4 questions for BK
Gerard Cassidy
RBC Capital Markets
4 questions for BK
Glenn Schorr
Evercore ISI
4 questions for BK
Ken Usdin
Autonomous Research
3 questions for BK
Michael Mayo
Wells Fargo
3 questions for BK
Mike Mayo
Wells Fargo
3 questions for BK
James Mitchell
Seaport Global Holdings LLC
2 questions for BK
Rajiv Bhatia
Morningstar
2 questions for BK
Kenneth Usdin
Jefferies
1 question for BK
Steven Chubak
Wolfe Research
1 question for BK
Thomas Leddy
RBC Capital Markets
1 question for BK
Recent press releases and 8-K filings for BK.
- 500,000 depositary shares issued at $1,000 per share, representing Series M noncumulative perpetual preferred stock, for a $500 million aggregate offering.
- Dividends at 5.625% per annum until March 20, 2031; thereafter reset to five-year Treasury rate plus 2.034%.
- Shares redeemable at $1,000 per depositary share (plus declared and unpaid dividends) on or after March 20, 2031.
- Offering expected to close March 5, 2026, with net proceeds for general corporate purposes.
- BNY Mellon announced a proposed public offering of depositary shares, each representing a 1/100th interest in a share of its new Series M Noncumulative Perpetual Preferred Stock; pricing has not yet been determined.
- Net proceeds are intended for general corporate purposes, including potential redemption of Series F Noncumulative Perpetual Preferred Stock (liquidation preference $100,000 per share) in September 2026.
- The Company also expects, but is not obligated, to redeem some or all of its Series H Noncumulative Perpetual Preferred Stock on its March 2026 dividend date; all actions remain subject to market conditions and company discretion.
- Speakers attributed the late-2025 crypto price correction to a $19 billion leverage unwind and rotation into traditional macro assets.
- Industry consensus is that on-chain infrastructure (“crypto plumbing”)—including tokenization engines, custody wallets, and stablecoins—is a foundational bull market for real-world asset tokenization.
- Regulatory milestones—the CLARITY Act and SEC Project Crypto—are viewed as critical to providing durable clarity for tokenized securities and enabling 24/7 on-chain settlement.
- WisdomTree has secured exemptive relief for its tokenized money market fund to trade and settle around the clock on-chain, with tokenized ETFs anticipated in the near term.
- Institutional adoption is segmented across financial services firms, large asset allocators, and wealth managers, with crypto plumbing now a top C-suite priority for future growth.
- Crypto prices faced a sharp correction in H2 2025, driven by a $19 billion leverage unwind amid a mini credit correction and lack of institutional support, contrasting with 2022’s more systemic washout.
- Panelists praised the Biden administration’s regulatory approach, noting that the Clarity Act and SEC Project Crypto efforts have enabled tokenized products (e.g., WisdomTree’s 24/7 trading money market fund) and fostered productive SEC collaboration.
- Tokenization of real-world assets—including equities, bonds, commodities, and money market products—is accelerating, with firms like WisdomTree and Galaxy trialing on-chain equity ownership and planning ETF tokenization.
- An institutional “arms race” for crypto plumbing is underway, driven by stablecoin growth and prompting banks and asset managers to build or partner on wallet infrastructure, tokenization services, and integrated blockchain engineering teams.
- Panelists highlighted a sharp correction in crypto prices in late 2025 driven by a $19 billion leverage unwind during a mini credit correction, noting infrastructure is now more robust than during the 2022 washout.
- Regulatory tailwinds are strong, with the CLARITY Act reducing ambiguity and SEC’s Project Crypto enabling 24/7 on-chain trading of real-world assets, exemplified by WisdomTree’s tokenized money market fund.
- Tokenization of equities, bonds, commodities and funds is accelerating, powered by stablecoin growth as the foundational “plumbing” and driving demand for wallet and tokenization services from firms like WisdomTree, Galaxy and Securitize.
- Tokenized ETFs and other investment products could launch sooner than expected, contingent on regulatory clarity and operational integration, with some expecting availability within 12 months.
- Traditional banks and asset managers are adopting a dual approach of building in-house capabilities while white-labeling core blockchain infrastructure to balance control with industry standards.
- Adam Vos, formerly Global Head of Markets, appointed Global Head of Wealth Solutions to oversee BNY Pershing, the Wove platform, and Archer Managed Account Solutions.
- Jim Crowley, ex-Global Head of BNY Pershing, named Executive Vice Chair to focus on expanding client relationships across all BNY platforms.
- Laide Majiyagbe, previously Global Head of Liquidity, promoted to Global Head of Markets and joined the Executive Committee, overseeing FX, fixed income, equities, liquidity & financing, and execution services.
- The leadership changes aim to integrate wealth solutions and managed account offerings into end-to-end, scalable capabilities for advisors and institutions.
- As of December 31, 2025, BNY manages $59.3 trillion in assets under custody/administration and $2.2 trillion in assets under management.
- $1.25 B of 4.026% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes and $300 M of Floating Rate Callable Senior Medium-Term Notes, both Series J due 2030, were issued on January 22, 2026.
- The Notes were registered under the Securities Act of 1933 pursuant to a Form S-3 registration statement (No. 333-282710).
- Exhibits filed include the Terms Agreement (Exhibit 1.1), legal opinion of Sullivan & Cromwell LLP (Exhibit 5.1), and related consent (Exhibit 23.1), all incorporated by reference into the registration statement.
- Q4 revenue of $5.2 billion (+7% YoY), fee revenue up 5%, net interest income up 13%, and EPS of $2.02 (+31% YoY).
- Full-year 2025 net income of $5.3 billion on record revenue of $20.1 billion (+8% YoY), EPS of $7.40 (+28% YoY), and ROtCE of 26%.
- $5 billion returned to shareholders in 2025 via dividends and share repurchases; CET1 ratio of 11.9% and Tier 1 leverage ratio of 6.0% at year-end.
- 2026 outlook: total revenue growth ~5%, expense growth 3–4%, and >100 bp positive operating leverage; medium-term targets raised to 38% pre-tax margin and 28% ROtCE.
- Q4 2025 revenue of $5.18 bn (+7% YoY) and EPS of $2.02 (+31% YoY); adjusted EPS of $2.08 (+21% YoY).
- Full-year 2025 revenue of $20.08 bn (+8% YoY), net income of $5.31 bn (+22%) and EPS of $7.40 (+28%).
- Q4 pre-tax margin of 36% (adjusted 37%) with 670 bps of operating leverage; full-year pre-tax margin of 35% and operating leverage of 507 bps.
- Returned $1.4 bn to common shareholders in Q4 (dividends of $377 mm; share repurchases of $1.0 bn); full-year total payout ratio of 94%.
- BNY Mellon delivered Q4 revenue of $5.2 billion (+7% YoY) and EPS of $2.02 (+31% YoY; $2.08 excl. notable items, +21% YoY).
- For FY 2025, the firm achieved record revenue of $20.1 billion (+8% YoY), net income of $5.3 billion, and EPS of $7.40 (+28% YoY), with a RoTCE of 26%.
- 2026 outlook calls for ~5% total revenue growth, 3–4% expense growth, and >100 bp of positive operating leverage, with Q1 elevated staff expense and a ~23% quarterly tax rate (Q1 benefit from vesting stock awards).
- Medium-term targets raised to a 38% pre-tax margin and 28% RoTCE, while maintaining a Tier 1 leverage ratio target of 5.5–6%.
- Returned 100% of Q4 earnings via $1.4 billion of capital distributions; buybacks expected to remain in the 95–105% payout range under the firm’s capital philosophy.
Quarterly earnings call transcripts for Bank of New York Mellon.
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