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Bank of New York Mellon vs M&T Bank: BNY and MTB compared
Bank of New York Mellon is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $2.5B for M&T Bank (Q3 2026). Bank of New York Mellon is growing faster (+12% against +0.9% a year earlier). M&T Bank is more profitable, with an operating margin of 39.7% against 38.5%.
Where the money goes: BNY and MTB
Bank of New York Mellon (BNY) · Q3 2026
Bank of New York Mellon, Q3 2026: revenue $5.7B (+12% year over year), operating margin 38.5%, net earnings $1.7B, operating cash flow $4.7B. The chart follows the revenue to costs, profit and cash.
M&T Bank (MTB) · Q3 2026
M&T Bank, Q3 2026: revenue $2.5B (+0.9% year over year), operating margin 39.7%, net earnings $775M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Bank of New York Mellon (BNY) | M&T Bank (MTB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.7B | $2.5B |
| Revenue growth, Y/Y | +12% | +0.9% |
| Operating margin | 38.5% | 39.7% |
| Net earnings | $1.7B | $775M |
| Net margin | 29.8% | 30.6% |
| Operating cash flow | $4.7B | $1.3B |
| Free cash flow | $4.0B | — |
| Market value | $101.5B | $31.6B |
| P/E | 16.3× | 10.5× |
| Analysts’ mean target | $163.70 | $245.93 |
Where the revenue comes from
Bank of New York Mellon
- Noninterest income: $4.3B (75%)
- Net interest income: $1.4B (25%)
Questions
Which is bigger, Bank of New York Mellon or M&T Bank?
Bank of New York Mellon is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $2.5B for M&T Bank (Q3 2026).
Is Bank of New York Mellon or M&T Bank growing faster?
Bank of New York Mellon is growing faster (+12% against +0.9% a year earlier).
Which is more profitable, Bank of New York Mellon or M&T Bank?
M&T Bank is more profitable, with an operating margin of 39.7% against 38.5%.
More: Bank of New York Mellon earnings · how Bank of New York Mellon makes money · M&T Bank earnings · how M&T Bank makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.