Strong Financial Performance
BNY delivered a solid financial performance with earnings per share of $1.58, up 26% year-over-year on a reported basis, and a total revenue of $4.8 billion, up 6% year-over-year.
Positive Operating Leverage
The company achieved positive operating leverage of 346 basis points on a reported basis and 261 basis points excluding notable items, with a pretax margin improvement to 32% and a return on tangible common equity of 24%.
Growth in Client Engagement
The number of clients buying from three or more lines of business increased by 40% over the past two years, indicating strong cross-selling efforts and client engagement.
Innovation and AI Initiatives
BNY is advancing AI use cases with OpenAI, deploying over 40 AI solutions into production, and focusing on innovative capabilities in instant payments, digital assets, and more.