The Bank of New York Mellon Corporation (BNY)
2026-04-17
Recap: Q1 2026
The Quarter the Thesis Delivers in Full — +42% EPS, an 833bps Operating-Leverage Step-Up, and AI Named as the Margin Lever, on a Tax-Flattered Headline and a Full Multiple: Maintaining Outperform
2026-01-14
Recap: Q4 2025
A Record Year, the Q3 NII Worry Resolved, and the Bar Raised to 38%/28% — the Operating-Leverage Compounder Delivers Again: Maintaining Outperform
2025-10-17
Recap: Q3 2025
Another ~500bps of Operating Leverage, a Record $57.8T Book, and a 25% EPS Jump — the Beat the Stock Sold On Is the Entry, Not the Exit: Maintaining Outperform
2025-07-16
Recap: Q2 2025
A Discount Trust Bank No More: BNY's First $5B Quarter, 28% ROTCE and ~500bps of Operating Leverage Are What a Platforms Compounder Looks Like — Initiating Outperform