BNY Mellon Raises 2026 Outlook After Record Q1 Revenue and Profit

Overview

• BNY Mellon reported on Thursday that Q1 earnings rose to $2.24 per share, up 42% year over year, on record revenue of $5.4 billion, up 13%.
• Profitability improved with a 37% pre-tax margin and a 29% return on tangible common equity, helped by more than 800 basis points of positive operating leverage.
• The company lifted its 2026 total revenue growth guide to about 6% and projected roughly 10% growth in net interest income, reflecting steady client balances and pricing.
• Quarter-end balance swings reversed on April 1, and the Tier 1 leverage ratio, a key capital gauge, held at 6% even as reported CET1 was temporarily lower at period end.
• BNY Mellon is scaling its technology push with more than 200 AI tools in use, which it says supports integrated offerings and helped win cross-business mandates such as Allianz Global Investors.