BNY Profit Rises on Fee, Net Interest Income Growth

Dow Jones

Apr 16

By Nicholas G. Miller

Bank of New York Mellon reported higher first-quarter profit, boosted by growth in fee revenue and net interest income.

The company posted net income of $1.63 billion, or $2.24 a share, up from $1.22 billion, or $1.58 a share, the year prior.

Adjusted earnings were $2.25 a share. Analysts polled by FactSet had expected $1.93 a share.

Revenue rose 13% to $5.41 billion. Wall Street had expected $5.18 billion.

Fee revenue increased 11%, due to higher client activity and new business, higher market values and foreign exchange revenue and a favorable impact of a weaker U.S. dollar.

Net interest income grew 18%, reflecting the continued reinvestment of investment securities at higher yields and balance sheet growth.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

April 16, 2026 06:31 ET (10:31 GMT)

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Bank of New York Mellon reported higher first-quarter profit, boosted by growth in fee revenue and net interest income. \n</p>\n<p>\n  The company posted net income of $1.63 billion, or $2.24 a share, up from $1.22 billion, or $1.58 a share, the year prior. \n</p>\n<p>\n  Adjusted earnings were $2.25 a share. Analysts polled by FactSet had expected $1.93 a share. \n</p>\n<p>\n  Revenue rose 13% to $5.41 billion. Wall Street had expected $5.18 billion. \n</p>\n<p>\n  Fee revenue increased 11%, due to higher client activity and new business, higher market values and foreign exchange revenue and a favorable impact of a weaker U.S. dollar. \n</p>\n<p>\n  Net interest income grew 18%, reflecting the continued reinvestment of investment securities at higher yields and balance sheet growth. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2026 06:31 ET (10:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0130517989.USD","symbol_name":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2627291454","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627291454","pubTimestamp":1776335460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bank of New York Mellon reported higher first-quarter profit, boosted by growth in fee revenue and net interest income.The company posted net income of $1.63 billion, or $2.24 a share, up from $1.22 billion, or $1.58 a share, the year prior.Adjusted earnings were $2.25 a share. 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Miller \n\n\n \n\n\n  Bank of New York Mellon reported higher first-quarter profit, boosted by growth in fee revenue and net interest income. \n\n\n  The company posted net income of $1.63 billion, or $2.24 a share, up from $1.22 billion, or $1.58 a share, the year prior. \n\n\n  Adjusted earnings were $2.25 a share. Analysts polled by FactSet had expected $1.93 a share. \n\n\n  Revenue rose 13% to $5.41 billion. Wall Street had expected $5.18 billion. \n\n\n  Fee revenue increased 11%, due to higher client activity and new business, higher market values and foreign exchange revenue and a favorable impact of a weaker U.S. dollar. \n\n\n  Net interest income grew 18%, reflecting the continued reinvestment of investment securities at higher yields and balance sheet growth. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 16, 2026 06:31 ET (10:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}