The Bank of New York Mellon Corporation's Stock Analysis

Bank of New York Mellon Eliminates Series G Preferred Stock

On September 23, 2025, The Bank of New York Mellon Corporation filed a Certificate of Elimination with the Delaware Secretary of State, which removed all references to its Series G Noncumulative Perpetual Preferred Stock from its Restated Certificate of Incorporation. This action was effective immediately upon filing.

Additionally, all outstanding shares of the Series G Preferred Stock were redeemed on September 20, 2025. The Certificate of Elimination related to this preferred stock is included as Exhibit 3.1 in the current report.

Sep 23, 2025 16:19:51

BNY Mellon Announces Redemption of Series G Preferred Stock

The Bank of New York Mellon Corporation will redeem 10,000 shares of its Series G Noncumulative Perpetual Preferred Stock and 1,000,000 corresponding Depositary Shares on September 20, 2025. The redemption price will be $1,000 per Depositary Share, with payment made on September 22, 2025. After the redemption date, these shares will no longer be outstanding, and dividends will cease to accrue.

Investors holding the Depositary Shares are advised to contact their banks or brokers for details on obtaining the Redemption Payment. The Bank of New York Mellon oversees $55.8 trillion in assets under custody and administration and $2.1 trillion in assets under management as of June 30, 2025.

Sep 11, 2025 09:13:52

Bank of New York Mellon Issues Series L Preferred Stock

The Bank of New York Mellon has issued Series L Noncumulative Perpetual Preferred Stock with a liquidation preference of $100,000 per share. This issuance is subject to restrictions on declaring or paying dividends on common stock if dividends on the Series L Preferred Stock are not declared and paid for the preceding period. The terms and conditions of this preferred stock are detailed in the Certificate of Designations filed with the Secretary of State of Delaware.

On September 3, 2025, the company entered into an underwriting agreement with several financial institutions for a public offering of 500,000 depositary shares, each representing a 1/100th interest in a share of the Series L Preferred Stock. The offering is part of the company's registration statement and is governed by a Deposit Agreement with Computershare Inc. and Computershare Trust Company, N.A. The legal opinion regarding the issuance and sale of the depositary shares has also been included in the filing.

Sep 10, 2025 16:13:12

Bank of New York Mellon Announces Public Offering of Preferred Stock

The Bank of New York Mellon Corporation has announced a proposed public offering of depositary shares representing interests in its new Series L Noncumulative Perpetual Preferred Stock. The offering is still subject to pricing and market conditions, with the proceeds intended for general corporate purposes, including the potential redemption of existing Series G and Series H Preferred Stock.

The Company has not yet determined the pricing of the offering or the timing of any redemptions of the Series G and Series H Preferred Stock. Any decision to redeem these preferred stocks will be communicated through a press release and appropriate notices. The preliminary prospectus supplement detailing the offering has been filed with the Securities and Exchange Commission.

Sep 03, 2025 08:41:52

The Bank of New York Mellon Reports Second Quarter 2025 Earnings

The Bank of New York Mellon Corporation reported its financial results for the second quarter of 2025, revealing total revenue of $5.0 billion, which represents a 9% increase compared to the same period last year. The company's diluted earnings per share (EPS) rose to $1.93, reflecting a 27% year-over-year increase. Noninterest expense was recorded at $3.2 billion, up 4% from the previous year. The firm also reported a pre-tax operating margin of 37% and a return on tangible common equity (ROTCE) of 27.8%. Average deposits increased to $300 billion, marking a 5% year-over-year rise, while assets under custody and administration grew to $55.8 trillion, up 13% year-over-year.

In terms of capital distribution, BNY Mellon returned $1.2 billion to common shareholders, including $346 million in dividends and $895 million in share repurchases, achieving a total payout ratio of 92% year-to-date. The company's capital ratios remained strong, with a common equity tier 1 (CET1) ratio of 11.5% and a tier 1 leverage ratio of 6.1%. The financial performance was supported by net interest income increasing 17% due to reinvestment of maturing investment securities at higher yields, despite a mixed deposit environment. The results indicate a solid financial position, which could influence investor sentiment and stock performance.

Jul 15, 2025 06:30:17

Robin Vince Elected Chairman of BNY's Board of Directors

The Bank of New York Mellon Corporation announced that Robin Vince, currently the Chief Executive Officer, has been unanimously elected as Chairman of the Board of Directors, effective September 1, 2025. Joe Echevarria, the current Chairman, will transition to the role of lead independent director. Vince, who has been CEO since August 2022, will utilize his understanding of the company to guide the board's agenda and continue the firm's strategic transformation.

In his new role, Vince aims to leverage the company's capabilities to drive strategy and manage risk, while Echevarria will facilitate communication between independent directors and the Chairman. BNY Mellon, which oversees $53.1 trillion in assets under custody and administration, has a long history of supporting major corporations and governments, and continues to focus on creating value for shareholders and clients.

Jun 12, 2025 16:36:55

BNY Reports 6% Revenue Growth and 26% EPS Increase

The Bank of New York Mellon Corporation reported a total revenue of $4.8 billion for the first quarter of 2025, marking a 6% increase from the previous year. The company's diluted earnings per share (EPS) rose to $1.58, reflecting a 26% year-over-year increase. Positive financial metrics included a pre-tax operating margin of 32% and a return on tangible common equity (ROTCE) of 24.2%. Additionally, the bank returned $1.1 billion to common shareholders through dividends and share repurchases, indicating a strong capital distribution strategy.

However, the bank experienced a decline in total fee revenue, which decreased by 3% year-over-year, and net interest income also fell by 3%. Noninterest expenses increased by 2%, attributed to higher investments and employee merit increases. Furthermore, assets under management (AUM) saw a slight decline of 1%, despite a 9% increase in assets under custody and/or administration (AUC/A). The provision for credit losses was recorded at $18 million, primarily related to commercial real estate exposure.

Apr 11, 2025 06:30:12

BNY Reports Fourth Quarter 2024 EPS of $1.54

The Bank of New York Mellon Corporation (BNY) reported a fourth quarter 2024 earnings per share (EPS) of $1.54, which is a 3% increase from the previous quarter and a significant 633% increase from the same quarter last year. The company achieved record net income of $4.3 billion on record revenue of $18.6 billion for the full year, with a return on tangible common equity (ROTCE) of 23.3%. Additionally, BNY returned $4.4 billion to shareholders, including $1.1 billion in the fourth quarter alone, highlighting strong capital distribution.

On the downside, BNY's total assets under management (AUM) decreased by 5% compared to the previous quarter, reflecting unfavorable market conditions. The Tier 1 leverage ratio also fell to 5.7%, down from 6.0% year-over-year, indicating a decrease in capital adequacy. Furthermore, the provision for credit losses remained a concern, particularly related to commercial real estate exposure, which could impact future financial stability.

Jan 15, 2025 06:30:09

BNY Reports Strong Earnings Growth in Third Quarter 2024

The Bank of New York Mellon Corporation (BNY) announced impressive financial results for the third quarter of 2024, with earnings per share rising to $1.50, a 22% increase from the previous year. The company achieved significant growth across its business segments, with assets under custody surpassing $50 trillion for the first time, reflecting strong client inflows and higher market values. BNY's strategic initiatives, including the planned acquisition of Archer, are expected to enhance client solutions and support future growth. Overall, the financial performance demonstrates effective management and a solid foundation for sustainable shareholder value.

Despite the positive results, BNY faced a slight decline in net income applicable to common shareholders, which fell by 3% compared to the previous quarter. Additionally, the company reported a modest increase in noninterest expenses, attributed to higher investments and employee merit increases. While the return on equity remained strong at 12.0%, there are concerns regarding the provision for credit losses, which rose to $23 million, primarily related to commercial real estate exposure. These factors suggest that while BNY is performing well, it must navigate challenges to maintain its momentum.

Oct 11, 2024 06:30:11

BNY Reports Strong 2Q24 Earnings Growth and Capital Distribution Increase

The Bank of New York Mellon Corporation reported a 16% increase in earnings per share, excluding notable items, and a return on tangible common equity of 24% in the second quarter of 2024. They raised their common dividend by 12% and returned $923 million of capital to shareholders through dividends and share repurchases. Total revenue increased by 2%, driven by fee growth and expense discipline. The company remains focused on enhancing its financial performance and unlocking its full potential for clients and shareholders.

Jul 12, 2024 06:30:47