Bank Of New York Mellon's Strong Q2 Profit Drives Higher 2025 Guidance

Bank of New York Mellon Corp. (NYSE:BK) on Tuesday reported better-than-expected second-quarter 2025 results, topping both revenue and earnings estimates.

The firm reported second-quarter adjusted earnings of $1.94 per share, up 28% from a year ago and above the Street estimate of $1.76.

Revenue rose 9% year over year (YoY) to $5.03 billion, topping analysts’ forecast of $4.83 billion.

Also Read: Bank of New York Mellon Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Fee revenue in the quarter grew 7% YoY to $3.641 billion. Net interest income rose 17% YoY, driven by higher-yield reinvestments and balance sheet growth, partly offset by deposit mix shifts.

Noninterest expense rose 4%, driven by higher investments, wage increases, FDIC adjustments, and a weaker dollar, partly offset by efficiency gains.

Provision for credit losses was a $17 million benefit, mainly due to reserve releases tied to commercial real estate exposure.

Assets under custody and/or administration rose 13%, ...