The Bank of New York Mellon Corporation (NYSE:BK) reported first-quarter 2026 results Thursday, with shares trading higher following the release after the bank beat analyst expectations on both earnings and revenue.
Diluted EPS rose 42% year over year to $2.24 from $1.58, while adjusted EPS of $2.25 topped estimates of $1.93. Total revenue increased 13% to a record $5.409 billion, exceeding estimates of $5.180 billion.
Pre-tax operating margin expanded to 37% from 32%, and return on tangible common equity improved to 29.3% from 24.2%.
CEO Robin Vince said, “BNY had a strong start to 2026 with record revenue of $5.4 billion in the first quarter, up 13% year-over-year, reflecting broad-based growth across our Securities Services and Market and Wealth Services businesses.”
He added, “We delivered over 800 basis points of positive operating leverage, while investing in new products, capabilities, AI, and – critically – our people and culture.”