Latest revenue
$5.41B
as of 2026-03-31
Latest net income
$1.63B
as of 2026-03-31
Net margin
30.2%
as of 2026-03-31
Price
Price history unavailable for BK.
Market data
Price feed temporarily unavailable for BK.
5-year trend
What this company does
BNY Mellon is a global custodian bank that safekeeps, services, and administers assets for institutional investors, asset managers, corporations, and wealthy individuals. It earns money primarily from investment services fees on $32.3 trillion in assets under custody and administration, plus net interest revenue on client deposits. The franchise is navigating a structural shift toward lower-fee passive products by leaning into outsourcing mandates, while rising interest rates have boosted year-to-date net interest revenue and lifted Issuer Services revenue 22%.
Generated from BK's filing dated 2024-02-28
Key risks
- Deposit outflows: Securities Services average deposits fell 8% YoY to $162.5B, pressuring net interest revenue which dropped 10% QoQ to $600M.
- Fee compression: Industry shift toward lower-fee asset management products is pressuring investment services fees; FX revenue down 19% YoY to $107M.
- Margin erosion: Securities Services pre-tax operating margin fell to 23% in 3Q23 from 29% in 2Q23 amid inflation and strategic equity investment losses.
Generated from BK's filing dated 2024-02-28
Profitability
Net margin
13.6%
19.9%Return on equity
12.5%
14.2%Return on assets
1.2%
7.9%Leverage
Debt / equity
9.66×
6.5%Long-term debt / equity
0.72×
3.7%Debt / assets
90.6%
0.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $5.41B | +12.9% | $1.63B | +33.8% | 30.2% |
Q3 2025 2025-09-30 | $7.44B | +10.8% | $1.45B | +22.3% | 19.4% |
Q2 2025 2025-06-30 | $6.19B | +9.8% | $1.42B | +21.8% | 23.0% |
Q1 2025 2025-03-31 | $4.79B | +5.9% | $1.22B | +19.0% | 25.5% |
Q4 2024 2024-12-31 | $4.85B | +11.2% | $1.16B | +455.3% | 23.8% |
Q3 2024 2024-09-30 | $6.72B | +1.1% | $1.18B | +13.9% | 17.6% |
Q2 2024 2024-06-30 | $5.64B | +0.1% | $1.17B | +9.5% | 20.7% |
Q1 2024 2024-03-31 | $4.53B | — | $1.02B | — | 22.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
State Commercial Banks · SIC 6022
Your notes
Keep private notes on BK — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$8.5M
Net activity
−$8.5M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns BK
Institutional value
$22.35B
Total shares held
197.3M
Distinct holders
756
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 44.7M | $5.30B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 18.9M | $2.24B | — | New |
| 3 | First Eagle Investment Management, LLC | 9.9M | $1.17B | — | New |
| 4 | WELLS FARGO & COMPANY/MN | 9.0M | $1.07B | — | New |
| 5 | Invesco Ltd. | 7.3M | $870.4M | — | New |
| 6 | Nuveen, LLC | 6.5M | $771.8M | — | New |
| 7 | Legal & General Group Plc | 5.8M | $687.4M | — | New |
| 8 | DIMENSIONAL FUND ADVISORS LP | 5.3M | $631.4M | — | New |
| 9 | FEDERATED HERMES, INC. | 4.3M | $514.2M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 3.9M | $460.3M | — | New |
| 11 | DEUTSCHE BANK AG\ | 3.5M | $416.9M | — | New |
| 12 | Bank of New York Mellon Corp | 3.5M | $413.2M | — | New |
| 13 | UBS Group AG | 3.1M | $365.3M | — | New |
| 14 | PRIMECAP MANAGEMENT CO/CA/ | 2.5M | $300.7M | — | New |
| 15 | TRUIST FINANCIAL CORP | 2.4M | $279.0M | — | New |
| 16 | PARNASSUS INVESTMENTS, LLC | 2.3M | $273.7M | — | New |
| 17 | National Pension Service | 2.2M | $265.9M | — | New |
| 18 | ENVESTNET ASSET MANAGEMENT INC | 2.1M | $251.1M | — | New |
| 19 | HSBC HOLDINGS PLC | 1.8M | $217.8M | — | New |
| 20 | Vanguard Global Advisers, LLC | 1.6M | $189.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Securities Services deposits fell 8% YoY to $162.5B and NII dropped 10% sequentially—how much further deposit attrition and NIM compression should we model into 2024?
- 2
Issuer Services revenue dropped 12% sequentially to $281M; is Corporate Trust pricing rolling over as rate-driven tailwinds fade, and what's the normalized run-rate?
- 3
With FX revenue down 19% YoY and a strategic equity investment loss hitting Asset Servicing, what's the magnitude and what other marks remain at risk?
Refreshed when BK files a new report · last from 2024-02-28