BNY Mellon's Assets Under Custody Surge 12% to Record Levels
BNY sits 67% above its 52-week low of $93.37.
Summary
BNY Mellon reported a 12% year-over-year increase in assets under custody and/or administration for Q2 2026, reaching record levels. The bank also posted record quarterly revenue of $5.7B and EPS of $2.45, driven by strong client activity and higher fee income. BNY raised its dividend by 19% to 63 cents per share, up from 53 cents, and lifted its 2026 revenue forecast above estimates. The stock is trading near a 52-week high, reflecting positive momentum from these results.
At the time of this announcement, BNY was trading at $156.35 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: Dow Jones Newswires.