-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
BK posted exceptional Q1 2026 results with record revenue of $5.4B (+13% Y/Y, +4% Q/Q) and EPS of $2.24 (+42% Y/Y, +11% Q/Q), due to broad-based growth across all segments and operational efficiency gains. The company achieved outstanding operating leverage of 833 bps Y/Y, with pre-tax operating margin expanding to 37% and ROTCE reaching 29.3%. We believe BNY's platform operating model positions it well for sustained profitability, with AI developments showing compelling metrics including 60% faster client account plan completion. The company provided no specific forward guidance, suggesting caution amid potential market volatility. BNY maintains a solid balance sheet with CET1 ratio at 11.0% and following Fed stress test results, the board authorized a new $10B share repurchase program. BNY repurchased $1.4B in common shares in Q1 2026. We expect BK's role as a financial services platform to provide a foundation for future growth despite macroeconomic uncertainties. Majority of revenue is from North America.