Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Total revenue growth
Around the middle of a 12% to 13% range.
Net interest income
Up 15% year-over-year.
Expense growth
Around the middle of a 7% to 8% range.
Positive operating leverage
Nearly 500 basis points.

Outlook

Market environment
The operating environment remains constructive but uneven, with volatility in fixed income markets and rotations in equity markets.
AI strategy
BNY is embedding AI across the business to generate internal capacity, improve product features, and create new client solutions.
Securities Services
The segment is pivoting to a growth mindset, leveraging new regions and digital asset capabilities.
Wealth Solutions
The business continues to win new logos and is integrating broader BNY capabilities to drive growth.
Net interest income
NII is expected to benefit from reinvestment of securities at higher yields as assets roll off.
Capital management
The company maintains a Tier 1 leverage ratio target of 5.5% to 6% and continues to prioritize capital returns.