BNY Mellon, Wells Fargo, BlackRock post record Q2 2026 earnings

Bank of New York Mellon reported a record second‑quarter revenue of $5.7 billion, a 13 % increase year‑over‑year, and assets under custody of $62.6 trillion, up 12 %. Net income rose to $1.7 billion, or $2.45 per share, and the firm lifted its full‑year revenue outlook to 10‑11 % growth, well above analysts’ 7.8 % estimate.

Wells Fargo posted a net profit of $6.4 billion, or $2.00 diluted earnings per share, a 25 % jump from the prior year. Total revenue climbed 9 % to $22.6 billion, with net interest income up 5 % to $12.3 billion. Loans grew about 12 % and deposits about 10 %, while the bank repurchased roughly $7 billion of its own shares in the first half of the year and plans to raise its quarterly dividend by about 11 %. The bank’s return on tangible common equity rose to 17.7 %.

BlackRock announced that its assets under management reached a historic $15.3 trillion, an increase of $2.8 trillion from a year earlier, driven largely by equity market gains. Revenue jumped 31 % to $7.1 billion and net profit rose 20 % to $1.9 billion. The firm attracted $192 billion of new capital in the quarter, with ETF inflows of $178 billion, and its adjusted operating margin hit a five‑year high of 45.9 %.