BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold

BNY Mellon Raises Key Targets, Citing Turnaround Progress

Summary

BNY Mellon has raised its medium-term financial targets, citing increased confidence in its ongoing turnaround strategy under CEO Robin Vince.

Key Points

  • Targets Increased: Raised medium-term pretax margin target to 38% and return on tangible common equity to 28%, each up 5 percentage points.
  • Leadership Confidence: CEO Robin Vince stated the hike reflects confidence in the bank’s long-term value and potential, noting a “clear turnaround.”
  • Turnaround Track Record: Vince, who became CEO in 2022, cited three years of strong execution as proof the strategy is working.
  • External Factors: The broader banking sector has benefited from deregulatory measures under the previous Trump administration.

纽约梅隆银行上调关键目标,称转型已见成效

总结

纽约梅隆银行上调了其中期财务目标,称在首席执行官罗宾·文斯的领导下,对其正在进行的转型战略信心增强。

关键要点

  • 目标上调:将中期税前利润率目标提高至38%,有形普通股回报率提高至28%,均提升了5个百分点。
  • 管理层信心:首席执行官罗宾·文斯表示,目标上调反映了对该银行长期价值和潜力的信心,并指出出现了”明显的转机”。
  • 转型成效:于2022年出任CEO的文斯指出,过去三年强劲的执行力证明战略正在奏效。
  • 外部因素:整个银行业此前已受益于特朗普政府时期的放松监管措施。

Original Article Link: https://www.cnbc.com/2026/01/13/bny-profit-target-ceo-robin-vince-turnaround.html

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