The Bank of New York Mellon Corporation (BNY) is offering 1,250,000 depositary shares at $1,000 each, for a $1,250,000,000 aggregate public offering price. Each share represents a 1/100th interest in a Series O noncumulative perpetual preferred share, with a $1,000 liquidation amount per depositary share. Proceeds to BNY before offering expenses are $1,237,500,000; expected net proceeds after the underwriting discount and estimated expenses are approximately $1,237,085,000, for general corporate purposes.
Dividends are discretionary and noncumulative. The annual rate is 7.125% from the original issue date to, but excluding, December 20, 2031, then the five-year Treasury rate plus 2.192% for each reset period. Payments, if declared, are quarterly in arrears beginning March 20, 2027. BNY may redeem the shares on a dividend payment date on or after December 20, 2031, or within 90 days after a Regulatory Capital Treatment Event, subject to required regulatory approval. The securities are perpetual, are not exchange-listed or FDIC-insured, and are expected to be delivered on or about October 28, 2026.
Bank of New York Mellon Corp. (BNY) amended its prior director disclosure to report that the Board appointed Vikram Malhotra to its Risk Committee and Finance Committee on October 13, 2026, effective immediately. Malhotra had been elected as an independent Board member on August 11, effective October 1, 2026; his committee assignments had not been determined when he was elected.
Bank of New York Mellon Corporation (BNY) reported third-quarter 2026 total revenue of $5.676 billion, up 12% year over year, and net income applicable to common shareholders of $1.608 billion, up 20%. Diluted EPS was $2.34, up 24%; net interest income rose 15% to $1.423 billion, while noninterest expense increased 8% to $3.489 billion. Sequentially, revenue was flat and diluted EPS declined 4%. BNY attributed fee growth primarily to net new business, higher client activity and market values, partially offset by AUM flow mix; net interest income growth primarily reflected reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
Pre-tax operating margin was 38.5%, compared with 36.4% a year earlier, and non-GAAP ROTCE was 29.0%, versus 25.6%. At September 30, 2026, preliminary assets under custody and/or administration were $63.4 trillion, up 10% year over year, and preliminary assets under management were $2.2 trillion, up 2%.
BNY returned $1.373 billion to common shareholders, comprising $436 million in dividends and $937 million in share repurchases. The preliminary CET1 ratio was 10.9%, compared with 11.7% at September 30, 2025.
Bank of New York Mellon Corp (BNY), a reporting person, amended its ownership disclosure for Hartford Schroders Tax-Aware Bond ETF. It reports 47,180 shares, or 0.4%, with sole voting power over 47,180 shares, sole dispositive power over 884 shares, and shared dispositive power over 46,296 shares. BNY Mellon N.A. reports 46,296 shares, or 0.4%, with sole voting and shared dispositive power over 46,296 shares. The parent states that the filing is not an admission that it or its direct or indirect subsidiaries are beneficial owners of the securities.
Bank of New York Mellon Corp director Elizabeth Robinson acquired 74 shares of phantom stock on October 1, 2026, at $143.92 per share, with a reported resulting position of 5,510 shares. The phantom stock was acquired under a prior election pursuant to the Deferred Compensation Plan for Directors and is payable at a specified date in shares of the company’s common stock.
Bank of New York Mellon Corp director Sandra O’Connor acquired 191 shares of phantom stock on October 1, 2026, pursuant to a prior election under the Deferred Compensation Plan for Directors. The transaction was reported at $143.92 per share, and her reported direct position afterward was 7,335 shares. The phantom stock is payable at a specified date in shares of the company’s common stock.
Bank of New York Mellon Corp director Jeffrey A. Goldstein acquired 287 phantom shares on October 1, 2026, under a prior election in The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors. The phantom stock is payable at a specified date in common shares. His reported position following the transaction was 43,220 shares.
Bank of New York Mellon Corp director Joseph Echevarria acquired 625.3474 shares of phantom stock on October 1, 2026, at $143.9200 per share. The acquisition followed a prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors; the phantom stock is payable at a specified date in common stock. His reported total following the transaction was 67,574.9625 shares.
Jose Minaya, Senior Executive VP of Bank of New York Mellon Corp, sold 3,520 shares of common stock on September 28, 2026, in three reported transactions: 1,843 shares at a weighted average price of $148.3389, 1,655 shares at a weighted average price of $149.2735, and 22 shares at $149.8700. The sales were pursuant to a Rule 10b5-1 plan adopted May 20, 2026. The first two weighted-average prices covered ranges of $147.8100 to $148.8000 and $148.8058 to $149.7900, respectively.
Bank of New York Mellon Corp (BNY) reports a technical change to its charter related to a previously outstanding preferred stock series. On September 22, 2026, the company filed a Certificate of Elimination to its Restated Certificate of Incorporation in Delaware, which became effective upon filing. This filing removes all provisions relating to the Series F Noncumulative Perpetual Preferred Stock from the charter, after all outstanding shares of that series were redeemed on September 20, 2026. The change is a clean-up of the corporate documentation following the full redemption of this preferred series.