{
  "id": 8539094,
  "title": "BNY Sees Cross-Selling and AI Investments Fueling Its Next Growth Phase",
  "url": "https://urgent.news/2026/09/19/bny-sees-cross-selling-and-ai-investments-fueling-its-next-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T21:02:04.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/ai/articles/bny-sees-cross-selling-ai-210204657.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bank of New York Mellon Corporation (BNY) is focusing on cross-selling, organic expansion, and AI investments to drive its next growth phase. The company reported a 4.5% organic growth in the first half of the year, with clients using at least three business lines increasing by more than 60%. BNY is investing in AI, data, and technology to improve client delivery, develop products, and increase operational capacity, rather than simply reducing headcount. The company aims to maintain a 38% pre-tax margin and 28% return on tangible common equity, having already exceeded these metrics in the first half. BNY's CFO, Dermot McDonogh, attributes the company's progress to expense discipline, a revamped commercial model, and a cultural shift towards being more ambitious and client-focused.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}