Overall, BNY Mellon’s revenues are estimated to touch $17.52 billion in FY2023. Additionally, the adjusted net income margin is likely to improve in the year, leading to an annual GAAP EPS of $4.80.

BNY’s stock has risen nearly 17% in 2024, outperforming the S&P 500 index of bank shares. The rebrand follows a trend toward shorter names on Wall Street after years of mergers and acquisitions.

BNY Mellon Pershing will become BNY Pershing, according to a release. BNY is one the world’s largest banks with $50 trillion in assets on behalf of clients in more than 100 markets.