The Bank of New York Mellon Corporation (BK) Bank of America Financial Services Conference 2026 February 11, 2026 12:10 PM EST
Company Participants
Dermot McDonogh – Senior Executive VP & CFO
Conference Call Participants
Ebrahim Poonawala – BofA Securities, Research Division
Presentation
Ebrahim Poonawala
BofA Securities, Research Division
Next up, we have BNY, which we’ve talked about BNY as being one of the best run banks in our 40-plus bank coverage universe. And I think under the leadership of Robin Vince and Dermot McDonogh, CFO, who’s joining us today, thank you so much for taking the time. I think you all have done a phenomenal job in terms of just the execution of the consistency with which you’ve delivered over the last few years. And I think investors have very much appreciated that. And you see that in how the stock has performed. You just updated your strategic targets last month. So maybe, Dermot, just to kick it off, what’s the secret sauce?
Question-and-Answer Session
Dermot McDonogh
Senior Executive VP & CFO
So first of all, thanks for having me. I could spend 40 minutes on that question alone. So I’ll try to be brief. I think that there are a lot of elements to the secret sauce. But if you kind of go back 3 years and where we were at 3 years ago, the first most important thing was the Board hired Robin. And why did they hire Robin? They hired him because he had all the requisite skills to be the CEO of BNY in terms of his upbringing in his former life, running operations, running global markets, international assignments, Treasurer, risk. So he really had the composite skill set to be the CEO of BNY, and also incredible familiarity with the product set of BNY from the GFC. That’s point number one.
