The strong beat and raised guidance, combined with a 19% dividend increase, signal accelerating operational momentum. The updated 2026 outlook for 10-11% revenue growth and ~400bps of operating leverage provides a clear catalyst. Monitor the Q3 earnings call for updates on deposit trends and NIM trajectory, as well as progress on the $10B share repurchase authorization.
Price Chart
Executive Summary
BNY reported a strong Q2 2026 beat, with diluted EPS of $2.45 (vs. consensus $2.22, +10.4%) and record total revenue of $5.698B (vs. consensus $5.41B, +5.3%). Revenue grew 13% YoY driven by broad-based fee growth (+11%) and net interest income (+20%). The company raised its 2026 outlook, now guiding for revenue growth of 10-11% YoY and expense growth of 6-7% YoY, with ~400bps of positive operating leverage. The CET1 ratio was stable at 11.0% and the company announced a 19% dividend increase for Q3 2026.
Key Financial Metrics
Key Facts
- Diluted EPS of $2.45 beat consensus of $2.22 by 10.4%
- Record total revenue of $5.698B, up 13% YoY and 5% sequentially
- Net interest income of $1.446B, up 20% YoY; NIM expanded 18bps to 1.45%
- Fee revenue of $4.036B, up 11% YoY, driven by net new business and higher market values
- Pre-tax operating margin expanded 320bps to 39.8%; ROTCE of 31.3%
- Updated 2026 outlook: revenue growth 10-11% YoY, expense growth 6-7% YoY, ~400bps operating leverage
- Returned $1.5B to common shareholders in Q2 ($1.1B buybacks, $371M dividends)
- Declared 19% increase in quarterly common stock dividend for Q3 2026
- CET1 ratio stable at 11.0%; Tier 1 leverage ratio 5.9%
- AUCA of $62.6T, up 12% YoY; AUM of $2.2T, up 6% YoY
Financial Impact
EPS beat of $0.23 (+10.4%) on consensus $2.22; revenue beat of ~$288M (+5.3%) on consensus $5.41B; raised guidance implies continued momentum
Risk Factors
- Deposit margin compression could pressure NII if rate cuts materialize
- CET1 ratio of 11.0% is at the lower end of the target range, limiting capital flexibility
- AUM long-term net outflows of $21B in Q2 (though offset by $24B cash inflows) suggest persistent passive/active flow headwinds
- Higher revenue-related expenses and investments could pressure expense discipline if revenue growth slows
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001390777-26-000071 |
| Exhibit: ex991_earningsreleasex2q26.htm | 0001390777-26-000071 |
| Exhibit: ex993_quarterlyupdatepre.htm | 0001390777-26-000071 |
| Document: bk-20260715.htm | 0001390777-26-000071 |
| Document: 0001390777-26-000071-index-headers.html | 0001390777-26-000071 |
| Document: 0001390777-26-000071-index.html | 0001390777-26-000071 |
| Document: 0001390777-26-000071.txt | 0001390777-26-000071 |
| 8-K Data (Synthetic) | 0001390777-26-000071 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $147.18 | awaiting T+20 | — | $147.58 (+0.27%) |
Oct 26, 2026 1d ago | Institutional Cluster | $145.32 | awaiting T+20 | — | $147.58 (+1.56%) |
Oct 21, 2026 6d ago | Court Ruling | $145.32 | awaiting T+20 | — | $147.58 (+1.56%) |
Oct 16, 2026 10d ago | 8-K/A | $142.44 | awaiting T+20 | — | $147.58 (+3.61%) |
Oct 15, 2026 12d ago | Press Release | $142.09 | awaiting T+20 | — | $147.58 (+3.86%) |
Oct 15, 2026 12d ago | Press Release | $142.09 | awaiting T+20 | — | $147.58 (+3.86%) |
Oct 15, 2026 12d ago | 8-K | $142.09 | awaiting T+20 | — | $147.58 (+3.86%) |
Aug 20, 2026 9w ago | 8-K | $157.24 $153.79 | ▼ −2.19% | ▼ −2.07% | $147.58 (−6.14%) |
Aug 6, 2026 11w ago | 13F-HR | $158.82 $164.33 | ▲ +3.47% | ▲ +2.87% | $147.58 (−7.08%) |
Aug 6, 2026 11w ago | Institutional Cluster | $158.82 $164.33 | ▲ +3.47% | ▲ +2.87% | $147.58 (−7.08%) |
US Market Status
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