BNY's Q4, Full-Year 2025 Net Income Rises; Wealth AuM Gains

Tom Burroughes

16 January 2026

The markets and wealth services arm of , the US group, clocked up total pre-tax income in the fourth quarter of 2025 at $882 million, rising 9 per cent on a year earlier. Total revenues in this division rose by 8 per cent, while noninterest costs rose 9 per cent.

Within the various business lines of this division, the Pershing arm – which provides custody and other services for groups including wealth managers – logged a 5 per cent year-on-year revenue rise, to $741 million in Q4 2025, BNY said earlier this week.

BNY said that Pershing’s year-over-year revenue increase primarily reflected higher net interest income and market values, partially offset by lower client activity.

Turning to its investment and wealth management business, total revenue dipped 2 per cent year-over-year to $854 million; investment management fees rose 1 per cent to $793 million. Pre-tax operating margin narrowed to 17 per cent from 20 per cent in Q4 2025 from a year before.

Total wealth management client assets rose 7 per cent to $350 billion. Total AuM stood at $2.178 billion, also up 7 per cent on the year.

For the entirety of BNY, covering all divisions, net income for 2025 was $5.583 billion, rising 23 per cent from its level in 2024. For the fourth quarter, it rose 27 per cent to $1.469 billion.

BNY had a Common Equity Tier 1 ratio at the end of last year of 11.9 per cent, up from a year before.

The financial group’s shares have surged 51 per cent in the 12 months to 15 January, closing at $123.97.