BNY (BNY) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, July 15, 2026 astatine 11:00 a.m. ET

CALL PARTICIPANTS

• Head of Investor Relations - Marius Merz

• Chief Executive Officer - Robin Antony Vince

• Executive Vice President and Chief Financial Officer - Dermot William McDonogh

Full Conference Call Transcript

Operator: Good greeting and invited to the 26 Second Quarter Earnings Conference Call hosted by BNY. At this time, each participants are successful a perceive lone mode. Later, we volition behaviour a question and reply session. Please enactment that this league telephone and webcast volition beryllium recorded and volition dwell of copyrighted material. You whitethorn not grounds oregon rebroadcast these materials without BNY's consent. I volition present crook the telephone implicit to Marius Merz, BNY Head of Investor Relations. Please spell ahead.

Marius Merz: Thank you, operator. Good morning, everyone. Welcome to our 2nd 4th net call. I americium present with Robin Vince, our CEO and Dermot William McDonogh, our CFO. As always, we volition notation the quarterly update presentation, which tin beryllium recovered connected the Investor Relations leafage of our website astatine bny.com. And I volition enactment that our remarks volition incorporate guardant looking statements and non GAAP measures. Actual results whitethorn disagree materially from those projected successful the guardant looking statements. Information astir these statements and non GAAP measures is disposable successful the net property merchandise fiscal supplement, quarterly update presentation, each of which tin beryllium recovered connected the Investor Relations leafage of our website.

Forward looking statements made connected this telephone talk lone arsenic of contiguous July 15, 2026, and volition not beryllium updated. With that, I volition crook it implicit to Robin.

Robin Antony Vince: Thanks, Marius. Good morning, everyone. And convey you for joining us. I volition statesman with a fewer comments connected our show successful the 2nd quarter. And our advancement implicit the archetypal fractional of the twelvemonth earlier Dermot takes you done our financials successful greater item and provides you with our updated fiscal outlook. Referring to Page 2 of the quarterly update presentation, BNY delivered different beardown show successful the 2nd quarter. Earnings per stock of $2.45 accrued by 27% twelvemonth implicit year. We grew full gross by 13% twelvemonth implicit twelvemonth to a grounds $5.7 cardinal reflecting wide based maturation crossed our businesses. And we generated astir 600 ground points of affirmative operating leverage.

Taken together, we expanded pre taxation borderline to 40% and instrumentality connected tangible communal equity to 31%. Reflecting connected the operating environment, the 2nd 4th presented a dynamic backdrop for planetary markets. Amid geopolitical tensions, elevated vigor prices, and continued uncertainty astir inflation, involvement rates and fiscal policy, the cardinal drivers of superior markets remained broadly constructive. Corporate net were resilient Investment successful AI infrastructure continued astatine a important pace, and labour markets held up contempt immoderate signs of moderation. BNY is built for this benignant of environment. Our diversified acceptable of businesses run crossed the breadth of superior markets, benefiting from the higher levels of marketplace enactment and beardown lawsuit engagement.