By Nate Wolf
Bank of New York Mellon declined Tuesday after the company beat quarterly earnings expectations but projected a slowdown in growth in 2026.
The bank reported adjusted earnings of $2.08 a share for the fourth quarter, surpassing analysts' consensus estimate of $1.99, according to FactSet. Revenue totaled $5.18 billion, up 7% from last year and above Wall Street's call for $5.14 billion.
BNY Mellon shares fell 2.7% in premarket trading Tuesday. The stock is coming off an excellent year, having climbed 54% in 2025.
The bank guided for 5% revenue growth in 2026 -- in line with analysts' expectations but a deceleration from 7.6% growth in 2025. It expects expenses to rise 3% to 4%, which would eat into earnings growth.
BNY boosted its medium-term target for pretax profit margin, however, to 38% from above 33%. The company's pretax margin was 35% in 2025, up from 31% in 2024.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
January 13, 2026 07:30 ET (12:30 GMT)
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