Q2 2026 Bank of New York Mellon Corp Earnings Call Transcript
Key Points
- Earnings per share increased by 27% year-over-year, reaching $2.45.
- Total revenue grew by 13% year-over-year to a record $5.7 billion.
- BNY achieved approximately 600 basis points of positive operating leverage.
- The company expanded its pretax margin to 40% and return on tangible common equity to 31%.
- BNY reported its 14th consecutive quarter of year-over-year sales growth, with two consecutive record sales quarters in 2026.
- The second quarter is typically the strongest, and Q3 is expected to be seasonally the slowest, potentially impacting sequential growth.
- There is a conservative bias in the financial outlook due to uncertainties in interest rates and market levels.
- Expenses increased by 7% year-over-year, driven by higher revenue-related expenses and salary increases.
- The company faces ongoing pricing pressure in competitive markets, which could impact margins.
- The capital return payout ratio was 87% year-to-date, slightly lower than historical levels, indicating potential capital retention for growth.
Good morning, and welcome to the 2026 second-quarter earnings conference call hosted by BNY. (Operator Instructions) Please note that this conference call and webcast will be recorded and will consist of copyrighted material. You may not record or rebroadcast these materials without BNY's consent. I will now turn the call over to Marius Merz, BNY, Head of Investor Relations. Please go ahead.
Thank you, operator. Good morning, everyone. Welcome to our second-quarter earnings call. I'm here with Robin Vince, our CEO; and Dermot McDonogh, our CFO. As always, we will reference the quarterly update presentation, which can be found on the Investor Relations page of our website at bny.com.
And I'll note that our remarks will contain forward-looking statements and non-GAAP measures. Actual results may differ materially from those projected in the forward-looking statements. Information about these statements and non-GAAP measures is
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