The Bank of New York Mellon reported adjusted earnings of $2.08 per share for the fourth quarter of 2025, surpassing the consensus estimate of $1.99. Revenue for the period reached $5.18 billion, up 7 percent year over year and slightly above the $5.15 billion analysts had forecast. For the full year, the firm delivered adjusted earnings per share of $7.50, a 24 percent increase from 2024, on total revenue of $20.1 billion, representing an 8 percent gain.

Net interest income climbed 13 percent year over year to $1.35 billion, driven by the reinvestment of maturing securities at higher yields and overall balance‐sheet growth, partly offset by deposit margin compression. Fee revenue grew 5 percent from the prior year as asset servicing and clearing activities benefited from higher market volumes and increased client flows.

BNY Mellon’s assets under custody and administration rose 14 percent year over year to $59.3 trillion, reflecting strong client retention and inflows in institutional markets. Assets under management also increased by 7 percent to $2.2 trillion, supported by growth in active and passive strategies across equity and fixed‐income products.

Analysts have raised consensus price targets on the shares, with the average target climbing from $118.38 a year ago to $133.67 most recently, reflecting confidence in revenue growth guidance of 5 percent and continued capital returns. A leading Wall Street firm projects bottom‐line growth of 10–12 percent through 2025, while another notes that cost efficiency enhancements have driven industry‐leading margins, even as further gains may moderate once easy efficiencies are realized.