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Bank of New York Mellon (BK)

Q2 2025 Earnings Summary

Reported on Jul 15, 2025 (Before Market Open)
Pre-Earnings Price$95.25Last close (Jul 14, 2025)
Post-Earnings Price$93.70Open (Jul 15, 2025)
Price Change
$-1.55(-1.63%)
MetricYoY ChangeReason

Total Revenue

9.4% (increased from $4,595 million to $5,028 million)

Total revenue grew robustly due to strong fee revenue contributions across the business, supported by increased market values and net new business. The current level builds on previous period performance that already showed growth above a 5% threshold, with an improvement to $5,028 million.

Securities Services Revenue

Combined fee and other revenue of $758 million plus $41 million in net interest income (totaling $801 million)

Securities Services continued its consistent performance by building on prior trends in fee generation. The segment’s steady contribution reflects enhancements in client activity and investment services fees that have been a strength in earlier periods.

Market and Wealth Services Revenue

Fee Revenue of $3,641 million and Investment and Other Revenue of $184 million

Market and Wealth Services delivered strong results driven by elevated client engagement and higher market values. The current figures demonstrate an improvement over previous periods, where net new business and operational momentum have contributed to robust fee and investment revenue.

MetricPeriodPrevious GuidanceCurrent GuidanceChange

Net Interest Income (NII)

FY 2025

up mid-single-digit percentage points year-over-year

up high single-digit percentage points year-over-year

raised

Fee Revenue Growth

FY 2025

Some growth expected, although market-dependent

Solid fee revenue growth expected, market-dependent

raised

Expenses

FY 2025

Expected to grow approximately 1% to 2% year-over-year, excluding notable items

Expected to grow approximately 3% year-over-year, excluding notable items

raised

Effective Tax Rate

FY 2025

Expected in the range of 22% to 23%

Expected in the range of 22% to 23%

no change

Capital Returns/Return of Earnings

FY 2025

Expected to return approximately 100% plus or minus of 2025 earnings

Expected to return roughly 100% (+/-) of FY 2025 earnings

no change

Research analysts covering Bank of New York Mellon.