BNY Lifts 2026 Revenue Outlook to 10-11% After Record Q2 Beat
BNY sits 64% above its 52-week low of $93.37.
Summary
BNY raised its full-year 2026 revenue growth forecast to 10-11%, doubling its prior ~5% outlook and handily beating the 7.8% consensus. The upgrade follows a record Q2 where revenue jumped 13% to $5.7B and adjusted EPS of $2.46 crushed the $2.22 estimate, driven by a 20% surge in net interest income and an 11% fee revenue increase. Assets under custody climbed 12% to $62.6T, reflecting buoyant equity markets and net new business. This is the third positive headline from BNY's earnings release this morning, but the guidance raise is a fresh, forward-looking catalyst that materially changes the growth trajectory. With shares already up 33% YTD and trading near all-time highs, the raised outlook supports further upside if market conditions hold.
At the time of this announcement, BNY was trading at $152.80 on NYSE in the Finance sector, with a market capitalization of approximately $106B. The 52-week trading range was $93.37 to $155.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.