BNY posts 12% revenue growth and 24% EPS jump in third quarter

BNY just reported a third quarter that should make its investors comfortable. Revenue rose 12% from a year earlier, and earnings per share grew 24%. How the numbers stack up The revenue figure landed at the top of the range analysts had sketched out before the release. Consensus called for third-quarter revenue of roughly $5.56 billion. That implied year-over-year growth between 9.5% and 12%. The earnings line is where things get more interesting. The consensus EPS estimate sat at $2.26, which would have marked an increase of about 18% from the prior year. BNY reported 24% EPS growth instead. Heading into the report, expectations credited the anticipated growth to fee income, particularly from investment services. They also pointed to rising net interest income, helped by favorable equity markets and balance-sheet management. Continuing a strong run The third quarter follows a standout second quarter. In Q2 2026, BNY posted record revenue of $5.70 billion, up 13% year over year. EPS came in between $2.45 and $2.46, ahead of estimates. Wall Street’s view going into the release was positive but measured. The consensus rating stood at Moderate Buy, with average price targets around $1...