Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
Primary reporting period: 2025-12-31 · Research updated Oct 8, 2026. A research update is not a new financial filing.
Who they are
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.
How they make money
BNY is a global financial services company that generates revenue primarily through fee-based services, including investment servicing, asset management, and capital markets activities. The company leverages its massive scale in assets under custody and administration to provide essential infrastructure for the world's capital markets, earning fees from transaction processing, asset servicing, and investment management solutions.
Products & services
Investment services including global custody, fund administration, and collateral management; asset management; wealth management; and capital markets services such as clearing, treasury services, and foreign exchange.
Brands & revenue mix
BNY Mellon
The primary corporate brand for the global financial services platform.
Separate brand revenue is not available in this research.Source
Pershing
A subsidiary brand focused on clearing and custody services for financial advisors and institutions.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company does not disclose specific customer concentration in its 2025 Annual Report, noting that it serves a diverse global client base including financial institutions, corporations, and governments.
Suppliers, materials & equipment
Technology and cloud service providers — The company relies on various third-party technology and cloud infrastructure providers to support its global digital platforms and AI initiatives.Source
Competitors
State Street Corporation — Competes in global investment servicing and asset management.Source
JPMorgan Chase & Co. — Competes in securities services, treasury services, and asset management.Source
Citigroup Inc. — Competes in global transaction services and securities services.Source
Strengths
Global scale in assets under custody and administrationSource
Strong market position in capital markets infrastructureSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 45.0% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
56
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
51
Fair
Financial Strength
30
Business Quality / Moat
83
Management
65
Growth Quality
18
Risk / Durability
57
Cheap for a Reason · Review the Risks
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
68
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Asset quality scores strongly
•Valuation scores attractively
•Recent buyback activity is present
What to watch
•Debt service risk
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for BK
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving BK's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is BK's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is BK's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•Is BK's valuation discount tied to a temporary concern or to a longer-term business risk?
•What does the current fundamental change risk warning mean for the reliability or interpretation of BK's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
0–100 market signals
Calculating current signals…
Notices for BK
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on BK.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Global scale in assets under custody and administration.
+Strong market position in capital markets infrastructure.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Investment - Banking & Investment Services industry.
−Market and economic conditions.
−Regulatory and legal compliance risks.
−Cybersecurity and technology operational risks.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair56/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
10
Debt Cost61.1%
Debt Reduction YoY25.5%
Debt / Equity0.76x
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Revenue
Poor
25
Revenue YoY-11.0%
Revenue CAGR9.4%
Net Margin17.5%
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Asset
Strong
72
Asset Growth YoY13.5%
Liquidation/Share$64.35
Net Assets/MCap5.03x
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Capital
Weak
45
Earnings Yield6.5%
Buyback Yield2.8%
Debt Cost61.1%
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Management
Fair
65
ROIC7.7%
ROE14.1%
ROA1.2%
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Moat
Strong
83
EPS Growth19.7%
FCF/Share Growth0.7%
Rev/Share Growth20.1%
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Valuation
Elite
93
Intrinsic Value$332.26
Value Reference$199.35
MOS57.3%
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Buffett
Fair
50
Revenue25
Moat83
Valuation93
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MOS
Elite
100
MOS %57.3%
Value Reference$199.35
Deep Discount Reference$132.90
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Financial
Fair
52
Interest Coverage0.3x
ROIC7.7%
FCF Yield5.3%
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Master
Fair
69
Financial52
Valuation93
Debt10
Tap for breakdown →
Resilience
Fair
65
Survival Years15.2 yrs
Current Ratio0.70x
FCF Margin12.8%
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Score Changes
5 historical score records available
Previous Score
56
Sep 9, 2026
Change
Unchanged
Current Score
56
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat+0.1
Valuation0
Buffett0
BK score was unchanged.
Projected Score
Projected Score
59
Projected Change
+3.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.2 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$35.99B
$40.44B
$39.55B
$33.79B
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Cost of Revenue
$14.73B
$20.65B
$21.36B
$16.42B
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Gross Profit
$21.25B
$19.79B
$18.19B
$17.37B
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$9.06B
$6.95B
$6.89B
$6.83B
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Operating Expenses
$13.27B
$12.73B
$12.34B
$13.09B
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EBITDA
$9.38B
$8.91B
$7.65B
$6.17B
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Operating Income
$7.98B
$7.06B
$5.85B
$4.28B
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Interest Expense
$14.77B
$20.68B
$21.30B
$16.30B
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Income Before Tax
$7.98B
$7.06B
$5.85B
$4.28B
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Income Tax Expense
$1.63B
$1.48B
$1.30B
$979.0M
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Net Income
$6.30B
$5.55B
$4.53B
$3.30B
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Basic EPS
$8.63
$7.46
$5.84
$3.91
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Basic Shares
691M
705M
743M
784M
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Diluted Shares
698M
705M
748M
788M
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$5.70B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$2.43
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-31.4%
Cash Change
-94.7%
Margin Change
+17.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Debt reduced
What Weakened
Cash position declined
Potential Score Impact
Positive indicators included EPS growth, debt levels, net income margin. Pressure indicators included revenue growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 45.0%. EPS increased 25.9%. Cash declined 94.7%. Total debt declined 31.4%. Net income margin improved by 17.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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