The Bank of New York Mellon CorNYSE: BK
Financials · Asset Management & Custody Banks
$133.85
-0.39%
Vol: 2.5M
Research Digest
Friday, May 1, 2026
BNY Mellon Q1 2026 record revenue $5.409B beat by 17%; diluted EPS up 42% YoY.
BNY Q1 2026 (April 16) record total revenue $5.409B (+13% YoY), beating $5.180B est. Diluted EPS $2.24 (+42% YoY) with adj EPS $2.25 vs $1.93 est. AUC/A climbed to $59.4T, AUM reached $2.1T. Developed 200+ AI solutions, 218 AI solutions in production (+4x YoY) including Eliza digital employee. Major new mandates: Allianz Global Investors, PayPal digital asset custody, US Treasury selection. Truist raised PT to $148 from $140, Evercore ISI to $136 from $119, Morgan Stanley to $139 from $135. KBW maintained Outperform $150.
Previous Market Intelligence
13 daysApr 30Bank of New York Mellon drove Q1 2026 with 13% revenue increase, 36% net income rise, $10B buyback launch; designated Trump Accounts financial agent.Positive▶
Bank of New York Mellon reported strong Q1 2026 results with 13% revenue increase and 36% net income rise, prompting Goldman Sachs to highlight it as a top bank stock. The company launched a $10 billion share buyback program and announced a $0.53 dividend. Multiple analysts (Truist, Evercore ISI, Morgan Stanley, RBC Capital) raised price targets following earnings. U.S. Treasury designated BNY as financial agent for the Trump Accounts program, partnering with Robinhood for brokerage and initial trustee roles. BNY also announced redemption of callable senior notes due 2027.
Apr 16BNY Designated as Financial Agent for Trump Accounts Program, Q1 Earnings TodayPositive▶
Treasury Department designated Bank of New York Mellon as financial agent to support Trump Accounts program on April 6, 2026. BNY partnered with Robinhood for brokerage and trustee services. Company announced debt redemption of callable senior notes due April 20 and 26, 2026. Q1 2026 earnings report scheduled for April 16, 2026 (today) before market open with Wall Street expecting EPS $1.93 (up 22.2% YoY) and revenue $5.15 billion (up 7.5% YoY). Stock price $129.44, up 0.80% since market close. Loan growth and rise in fee income expected to support earnings. Analyst max target $146.00, min $119.00.
Apr 15Bank of New York Mellon earnings April 16 with expected 22.2% EPS growth; JPMorgan raises price target to $130.50.Positive▶
BNY will release Q1 2026 financial results on Thursday, April 16 with Wall Street expecting earnings of $1.93 per share (+22.2% YoY) and revenues of $5.15 billion (+7.5% YoY). JPMorgan raised its price target to $130.50 from $128.50. The company announced redemption of $2.75 billion of callable senior notes due 2027. BNY has rallied 71% over the past year.
Apr 14Bank of New York Mellon designated financial agent for Trump Accounts program; Q1 earnings April 16 with 31% earnings growth.Positive▶
BNY received a major win when U.S. Treasury designated it as financial agent for the new Trump Accounts program, partnering with Robinhood. BNY will report Q1 2026 results April 16 with strong performance showing 7% revenue growth to $5.2B and 31% earnings growth to $2.02 per share. JPMorgan raised price target to $130.50. Consensus Moderate Buy with $134.32 target.
Apr 13Bank of New York Mellon secures Trump Accounts program role and reports record 2025 earnings driven by digital platforms and AI.Positive▶
BNY Mellon selected as lead financial agent for U.S. government's Trump Accounts program. Reported record 2025 net income driven by digital platform and AI-driven cost efficiencies. Singapore Gulf Bank joined BNY's correspondent network. JPMorgan raised target to $130.50 with Overweight. Consensus Moderate Buy with $134.32 target.
Apr 10Bank of New York Mellon selected as financial agent for Trump Accounts government savings initiative.Positive▶
BNY selected as financial agent for Trump Accounts, the U.S. government investment savings initiative for children. Singapore Gulf Bank joined BNY correspondent banking network. Stock trading at $127.94, up 2.66%. Goldman Sachs maintains Buy rating. Q1 2026 earnings due April 16, 2026. Stock up 70.4% over past year.
Apr 9Bank of New York Mellon designated as financial agent for Trump Accounts program; reports Q4 earnings beat with 31% earnings growth.Positive▶
BNY Mellon was designated by U.S. Department of Treasury as financial agent for Trump Accounts program, managing initial accounts and developing the Trump Accounts app. Partnership includes Robinhood as brokerage and initial trustee. Company reported Q4 2025 EPS of $2.08, beating forecasts by 4.52%, with revenue of $5.18 billion. Total revenues increased 7% to $5.2 billion with earnings soaring 31% to $2.02 per share in most recent quarter. Stock trades at $123.63 with 7.3% returns over past week and 5.6% year-to-date. Singapore Gulf Bank joined BNY's correspondent banking network on April 7, 2026.
Apr 8Treasury Designates Bank of New York Mellon as Financial Agent for Trump Accounts ProgramPositive▶
The U.S. Department of Treasury designated The Bank of New York Mellon as financial agent to support implementation of the new Trump Accounts program, a tax-deferred investing account for children launching July 4. BNY partnered with Robinhood to develop the Trump Accounts app, which includes a one-time $1,000 Treasury deposit for children born 2025-2028. Stock closed at $123.63 with 7.3% weekly returns. JP Morgan maintains Overweight rating with $130.50 price target. Average analyst price target is $133.29 (7.96% upside). Mixed earnings performance but positioned at forefront of custody banking with fresh government partnerships.
Apr 7BNY Mellon selected to manage Trump Accounts program launching July 4 with $1B Treasury depositNeutral▶
Treasury announced BNY Mellon will manage Trump Accounts program launching July 4, 2026. Robinhood as initial brokerage/trustee. Tax-deferred accounts for children born 2025-2028 with $1K Treasury deposit. BNY will manage initial accounts and develop Trump Accounts app. Truist raised PT to $140 (from $136); Morgan Stanley lowered to $135 (from $147). BK also sponsoring Williams F1 Team. Launched tokenized deposits in January 2026. Annual meeting April 14. Stock trading at $115.23, down 1.25%.
Apr 6BNY Mellon launches tokenized deposits; prepares for 2026 annual meeting with mixed analyst viewsMixed▶
Bank of New York Mellon will hold its 2026 Annual Meeting of Stockholders virtually on April 14, 2026, at 9:00 a.m. ET with webcast at virtualshareholdermeeting.com/BK2026. The bank launched a tokenized deposit service in January 2026 allowing clients to transfer funds using blockchain rails, expanding digital assets capabilities. BNY also entered multi-year sponsorship with Atlassian Williams F1 Team. Analyst updates in April 2026: Truist raised PT to $140 from $136; Morgan Stanley lowered PT to $135 from $147; Barclays maintained Buy. BNY delivered record 2025 net income driven by digital platform and AI-driven cost efficiencies, though the bank projects slowdown in 2026 revenue growth. Stock trades at $122.72 (up 3.5%). Q4 2025 EPS beat estimates but near-term growth concerns persist. Q1 2026 earnings due April 16.
Apr 3Bank of New York Mellon shows Q4 beat but faces cautious analyst outlook; Morgan Stanley lowers PT to $135.Mixed▶
BNY Mellon reported Q4 2025 earnings that beat estimates with 8.43% revenue growth ($20.11B) and 22.37% earnings growth. Morgan Stanley lowered price target from $147 to $135 maintaining Equal-Weight rating. BNY launched tokenized share class for NIF Treasury portfolio on Blockchain. 2026 Annual Meeting scheduled for April 14.
Apr 2Morgan Stanley lowered BK price target to $135 from $147 amid competitive pressures, as BNY Mellon prepares for April 14 shareholder meeting.Negative▶
The Bank of New York Mellon will hold its 2026 Annual Shareholder Meeting on April 14, 2026, virtually with a webcast available. Morgan Stanley lowered the price target from $147 to $135, reflecting an 8.16% downward revision due to competitive pressures in the financial sector. BNY Mellon reported 6.8% year-over-year revenue growth but faces challenges in a competitive landscape. The company is the largest global custody bank with $59.3 trillion under custody or administration as of December 2025. The board declared a quarterly dividend of $0.53 per share.
Apr 1Bank of New York Mellon priced $500 million preferred stock offering; reported record 2025 net income of $5.31 billion.Positive▶
BNY Mellon delivered strong 2025 results with net income of $5.31 billion (22.37% increase) and revenue of $20.11 billion (8.43% increase). The bank priced a $500 million offering of preferred stock with 5.625% annual dividends.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BLKBLACKROCK | $1,064.80 | -0.08% | +11.1% | 17.6x | 1.49 | $165.6B |
| BXBLACKSTONE | $126.71 | +0.90% | +11.9% | 16.6x | 1.74 | $153.5B |
| KKRKKR | $103.93 | -0.39% | +14.6% | 13.7x | 1.93 | $96.6B |
| BKBANK | $133.85 | -0.39% | +8.7% | 14.0x | 1.05 | $92.2B |
| APOAPOLLO | $130.72 | +1.55% | +21.3% | 12.1x | 1.56 | $74.2B |
| AMPAMERIPRISE | $467.66 | -1.50% | +10.3% | 10.0x | 1.27 | $42.8B |
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Price above both MAs — bullish structure.