BNY lifts 2026 revenue forecast above estimates after record second quarter

BNY raised its 2026 revenue forecast above Wall Street expectations after reporting record Q2 revenue. The outperformance was driven by higher interest income and fees, alongside rising equity markets that lifted the value of client assets. The guidance raise suggests improving momentum for earnings power, with investors likely to view the business as benefiting from both rates and market activity.

Analysis

BNY raised its 2026 revenue forecast above Wall Street expectations after reporting record Q2 revenue. The outperformance was driven by higher interest income and fees, alongside rising equity markets that lifted the value of client assets. The guidance raise suggests improving momentum for earnings power, with investors likely to view the business as benefiting from both rates and market activity.