News about BNY

BNY reported third-quarter revenue of $5.7 billion, up 12% year over year, and diluted EPS of $2.34, up 24%. Assets under custody and/or administration reached $63.4 trillion, up 10%, while assets under management reached $2.2 trillion, up 2%. Management raised its 2026 operating leverage guidance to nearly 500 basis points from 400 basis points three months earlier, and expects revenue growth in the middle of a 12% to 13% range, depending on markets. The company warned that persistent inflation, rate repricing and geopolitical tensions drove fixed-income volatility, and that deposit margin compression partly offset net interest income gains. It also launched Pay-to-Wallet, which lets banks send cross-border payments directly to retail digital wallets.