Earnings call transcript: BNY Mellon posts strong Q3 2026 results, stock slips
BNY Mellon reported strong Q3 2026 results, with earnings per share rising 24% to $2.34 and revenue growing 12% to $5.7 billion. The bank's profitability improved across all its businesses, with a pre-tax margin of 39% and return on tangible common equity of 29%. Despite these positive results, the stock fell 2.76% in recent trading, indicating cautious investor sentiment.
The company expects full-year 2026 revenue growth in the 12% to 13% range and has raised its operating leverage outlook to nearly 500 basis points for the year.
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