Bank of New York Mellon Corp (BNY) — Fundamental Analysis & Key Financial Ratios

Kaplio's reading: Bank of New York Mellon Corp

Updated on September 27, 2026 · accounts published on July 15, 2026

Reading of September 27, 2026: A profitable, well-capitalised bank

Bank of New York Mellon trades at a P/E of 17.9×, 37 % above its decade average of 13.1× and higher than at any point in the last ten years.

• Is Bank of New York Mellon expensive or cheap? At 2.3× book over the last 12 months, the price is at the borderline of what a 22 % ROTCE can justify.
• How is the business doing? EPS rose 28 % over the last 12 months while revenue grew just 2.2 %, with a net margin of 15.6 %.
• How strong is the balance sheet? The dividend has risen for 11 straight fiscal years through 2025, and the fiscal 2025 payout was only 30 % of earnings.
• What to expect from the next earnings? Analysts expect EPS of $2.27 on October 15, 2026; the bank has beaten estimates in 8 of the last 8 quarters.
• Is it an efficient, well-capitalised bank? ROTCE of 22 % in fiscal 2025 beats the 15 % excellence bar, and ROA of 1.2 % over the last 12 months clears the 1 % healthy mark.

Is Bank of New York Mellon expensive or cheap?

Banks are valued first on book value. Bank of New York Mellon trades at 2.3× book over the last 12 months. With a return on tangible common equity of 22 % in fiscal 2025, that multiple is justified up to 2.0× and borderline up to 2.5×, so the stock already sits in the stretched zone. The P/E tells the same story: 17.9× over the last 12 months, 37 % above its decade average of 13.1× and 35 % above the sector median of 13.3×. The stock has not traded this high in the last ten years. The shares are up 39 % over the last 12 months and stand 9 % below their 52-week high of $164.84.

How is the business doing?

Over the last 12 months, earnings per share climbed 27.8 % while revenue rose only 2.2 %. Almost all the progress came from profitability, with little help from sales. Net margin stands at 15.6 % and ROE at 14.2 % over the same period. Growing EPS more than ten times faster than revenue makes for a strong year, but that pace is hard to repeat while sales barely move. From here, earnings growth depends on protecting margins or on revenue speeding up. For investors paying a decade-high multiple, the second path would be the more convincing one.

How strong is the balance sheet?

Equity covered 9.4 % of assets in fiscal 2025. That is above the 8 % level considered robust for a bank, so the capital cushion is comfortable. Shareholder returns are steady rather than generous. The dividend per share has grown for 11 consecutive fiscal years through 2025, and a payout of 30 % of fiscal 2025 earnings leaves plenty of room to keep raising it. The yield is only 1.5 % over the last 12 months, below the 2 % level at which a bank dividend starts to count as an income source. That low yield partly reflects the 39 % rise in the share price.

What to expect from the next earnings?

Bank of New York Mellon reports next on October 15, 2026, and the consensus calls for EPS of $2.27. That is below the $2.46 it delivered on July 15, 2026, a result that beat the $2.23 estimate by 10.3 %. The company has topped EPS estimates in each of the last 8 quarters, so the bar looks beatable. With the P/E at a decade high, the market may already expect another beat. The more telling signal will be whether revenue grows faster than the 2.2 % of the last 12 months.

Is it an efficient, well-capitalised bank?

Banks run on leverage, so P/E and ROE alone can hide risk. Balance-sheet quality, efficiency and capital say more. Bank of New York Mellon passes every test. ROA is 1.2 % over the last 12 months, above the 1 % considered healthy, so its asset base earns its keep. ROTCE reached 22.0 % in fiscal 2025, well past the 12 % pass mark and the 15 % excellence level. Equity equals 9.4 % of assets, above the robust 8 % line. The only borderline reading is price: 2.3× book is still inside the range this profitability supports, but close to its upper limit.

How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.