8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) – July 21, 2015

THE BANK OF NEW YORK MELLON CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-35651		13-2614959
(State or other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)
One Wall Street New York, New York (Address of principal executive offices)		10286 (Zip code)

Registrant’s telephone number, including area code – (212) 495-1784

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1

ITEM 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 21, 2015, The Bank of New York Mellon Corporation (“BNY Mellon”) issued an Earnings Release announcing its financial results for the second quarter of 2015. A copy of the Earnings Release is “furnished” as Exhibit 99.1 to this Current Report on Form 8-K pursuant to General Instruction B.2 of Form 8-K and is not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities under that Section. This exhibit shall not be incorporated by reference into any filings BNY Mellon has made or may make under the Securities Act of 1933 (the “Securities Act”) or Exchange Act, except as otherwise expressly stated in such filing.

ITEM 7.01.    REGULATION FD DISCLOSURE.

On July 21, 2015, in conjunction with a conference call and webcast regarding BNY Mellon’s financial results, Quarterly Financial Trends, Key Facts and a Second Quarter 2015 Financial Highlights presentation are available on BNY Mellon’s website, www.bnymellon.com. A copy of each of the Quarterly Financial Trends, Key Facts and the Second Quarter 2015 Financial Highlights presentation is “furnished” as Exhibits 99.2, 99.3 and 99.4, respectively, to this Current Report on Form 8-K pursuant to General Instruction B.2 of Form 8-K and is not “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section. These exhibits shall not be incorporated by reference into any filings BNY Mellon has made or may make under the Securities Act or Exchange Act, except as otherwise expressly stated in such filing.The contents of BNY Mellon’s website referenced herein and in the exhibits are not incorporated into this Current Report on Form 8-K.

2

ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS.

(d)    EXHIBITS.

Exhibit
Number	Description
99.1	The Bank of New York Mellon Corporation Earnings Release dated July 21, 2015, announcing financial results for the second quarter of 2015.
99.2	The Bank of New York Mellon Corporation Quarterly Financial Trends dated July 21, 2015, for the second quarter of 2015.
99.3	Key Facts – Second Quarter 2015 dated July 21, 2015.
99.4	Second Quarter 2015 Financial Highlights Presentation dated July 21, 2015.

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	The Bank of New York Mellon Corporation (Registrant)
Date: July 21, 2015	By: /s/ Craig T. Beazer
	Name: Craig T. Beazer Title: Secretary

4

EXHIBIT INDEX

Number	Description	Method of Filing
99.1	Earnings Release dated July 21, 2015.	Furnished herewith
99.2	Quarterly Financial Trends dated July 21, 2015.	Furnished herewith
99.3	Key Facts – Second Quarter 2015 dated July 21, 2015.	Furnished herewith
99.4	Second Quarter 2015 Financial Highlights Presentation dated July 21, 2015.	Furnished herewith

EX-99.1

BNY Mellon 2Q15 Earnings Release

News Release

Contacts: MEDIA:	ANALYSTS:
Kevin Heine	Valerie Haertel
(212) 635-1590	(212) 635-8529
kevin.heine@bnymellon.com	valerie.haertel@bnymellon.com

BNY MELLON REPORTS SECOND QUARTER EARNINGS OF $830 MILLION OR $0.73 PER COMMON SHARE, INCLUDING:

• $0.03 per common share related to previously announced litigation expense and restructuring charges

• Earnings per common share up 24% year-over-year on an adjusted basis (a)

TOTAL REVENUE INCREASED 4% YEAR-OVER-YEAR

• Increased 3% on an adjusted basis (a)

TOTAL EXPENSE DECREASED 7% YEAR-OVER-YEAR

• Decreased 1% on an adjusted basis (a)

GENERATED 460 BASIS POINTS OF POSITIVE OPERATING LEVERAGE YEAR-OVER-YEAR ON AN ADJUSTED BASIS (a)

EXECUTING ON CAPITAL PLAN AND RETURN OF VALUE TO COMMON SHAREHOLDERS

• Repurchased 19.4 million common shares for $834 million in the second quarter of 2015

• Return on tangible common equity of 22%in the second quarter of 2015 (b)

NEW YORK, July 21, 2015 – The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) today reported second quarter net income applicable to common shareholders of $830 million, or $0.73 per diluted common share, or $868 million, or $0.77 per diluted common share, adjusted for litigation and restructuring charges. In the second quarter of 2014, net income applicable to common shareholders was $554 million, or $0.48 per diluted common share, or $715 million, or $0.62 per diluted common share, adjusted for the charges related to investment management funds and severance. In the first quarter of 2015, net income applicable to common shareholders was $766 million, or $0.67 per diluted common share. (b)

“Our strong second quarter results demonstrated our execution of our key priorities. We are growing our earnings, investing in next-generation operating platforms and risk management controls, attracting new clients and driving the long-term value of our firm for the benefit of our clients and shareholders,” Gerald L. Hassell, chairman and chief executive officer of BNY Mellon, said.

_________________________________________________________________________________

(a) See pages 3-4 for the Non-GAAP adjustments.

(b) See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 25 for the reconciliation of these Non-GAAP measures.

Page - 1

BNY Mellon 2Q15 Earnings Release

“The investments we are making in strategic technology platforms and applications are helping our solutions resonate with clients, contributing to our ability to capture new business including a significant middle-office contract to service more than $770 billion in assets for a prominent investment manager. Our costs will increase in the short run as we onboard the new business; however, our platforms are designed to be leveraged by a broader client base, creating shared economies of scale that benefit our clients and drive profitable growth for our shareholders,” Mr. Hassell added.

“Finally, we returned more than $1 billion to our shareholders in the form of dividends and share repurchases during the quarter while achieving a 22 percent return on tangible common equity - further evidence of the strength of our business model,” Mr. Hassell concluded.

CONFERENCE CALL INFORMATION

Gerald L. Hassell, chairman and chief executive officer, and Thomas P. Gibbons, vice chairman and chief financial officer, along with other members of executive management from BNY Mellon, will host a conference call and simultaneous live audio webcast at 8:00 a.m. EDT on July 21, 2015. This conference call and audio webcast will include forward-looking statements and may include other material information.

Persons wishing to access the conference call and audio webcast may do so by dialing (888) 677-5383 (U.S.) and (773) 799-3611 (International), and using the passcode: Earnings, or by logging on to www.bnymellon.com. Earnings materials will be available at www.bnymellon.com beginning at approximately 6:30 a.m. EDT on July 21, 2015. Replays of the conference call and audio webcast will be available beginning July 21, 2015 at approximately 2 p.m. EDT through August 21, 2015 by dialing (800) 391-9847 (U.S.) or (402) 220-3093 (International). The archived version of the conference call and audio webcast will also be available at www.bnymellon.com for the same time period.

Page - 2

BNY Mellon 2Q15 Earnings Release

SECOND QUARTER 2015 FINANCIAL HIGHLIGHTS (a)

(comparisons are 2Q15 vs. 2Q14 unless otherwise stated)

•Earnings

	Earnings per share								Net income applicable to common shareholders of The Bank of New York Mellon Corporation
(in millions, except per share amounts)	2Q14			2Q15			Inc		2Q14		2Q15		Inc
GAAP results	$	0.48		$	0.73				$	554	$	830
Add: Litigation and restructuring charges	0.06			0.03					76		38
Charge related to investment management funds, net of incentives	0.07			N/A					85		N/A
Non-GAAP results	$	0.62	(a)	$	0.77	(a)	24	%	$	715	$	868	21	%

(a) Does not foot due to rounding.

N/A - Not applicable.

• Total revenue was $3.9 billion, an increase of 4%.

-    Investment services fees increased 4% reflecting organic growth, primarily in Global Collateral Services and Asset Servicing, higher clearing services revenue, net new business and higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar.

-    Investment management and performance fees decreased 1%, or increased 5% on a constant currency basis (Non-GAAP), driven by higher equity market values, the impact of the 1Q15 acquisition of Cutwater Asset Management (“Cutwater”) and strategic initiatives, partially offset by lower performance fees. (a)

-    Foreign exchange revenue increased 40% driven by higher volumes and volatility, as well as higher Depositary Receipts-related activity.

-    Financing-related fees increased $14 million driven by higher fees related to secured intraday credit provided to dealers in connection with their tri-party repo activity.

-    Investment and other income decreased $38 million driven by lower other revenue, equity investment revenue and asset-related gains, partially offset by higher leasing gains.

-    Net interest revenue increased $60 million driven by higher securities and loans due to higher deposits and the shift out of cash, lower interest expense incurred on deposits and the impact of interest rate hedging activities.

• The provision for credit losses was a credit of $6 million.

• Noninterest expense was $2.7 billion, a decrease of 7% reflecting lower expenses in all categories, except incentives and business development expense. The decrease primarily reflects the favorable impact of a stronger U.S. dollar and the benefit of the business improvement process which focuses on reducing structural costs.

• Effective tax rate of 23.7%; rate is 1.4% lower due to the income statement presentation of consolidated investment management funds and a benefit related to the separately disclosed litigation expense.

• Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)

-    AUC/A of $28.6 trillion, increased slightly reflecting higher market values and organic growth, partially offset by the unfavorable impact of a stronger U.S. dollar.

--    Estimated new AUC/A wins in Asset Servicing of $1.02 trillion in 2Q15.

-    AUM of $1.72 trillion, increased 5% driven by higher market values, net new business and the Cutwater acquisition, partially offset by the unfavorable impact of a stronger U.S. dollar.

--    Net long-term outflows totaled $15 billion in 2Q15 driven by equity, index and fixed income investments, partially offset by liability-driven and alternative investments.

--    Net short-term outflows totaled $11 billion in 2Q15.

•Capital

-    Repurchased 19.4 million common shares for $834 million in 2Q15.

-    Return on tangible common equity of 22% in 2Q15(a).

(a) See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 25 for the reconciliation of Non-GAAP measures. Non-GAAP excludes the gains on the sales of our investment in Wing Hang Bank and the One Wall Street building, net income attributable to noncontrolling interests of consolidated investment management funds, amortization of intangible assets, M&I, litigation and restructuring charges, a charge related to investment management funds, net of incentives, and the benefit primarily related to a tax carryback claim, if applicable.

Note: In the table above and throughout this document, sequential growth rates are unannualized.

Page - 3

BNY Mellon 2Q15 Earnings Release

FINANCIAL SUMMARY

(dollars in millions, except per share amounts; common shares in thousands)																2Q15 vs.
	2Q14			3Q14			4Q14			1Q15			2Q15			2Q14		1Q15
Revenue:
Fee and other revenue (a)	$	2,980		$	3,851		$	2,935		$	3,012		$	3,067		3	%	2	%
Income from consolidated investment management funds (a)	46			39			42			52			40
Net interest revenue	719			721			712			728			779			8		7
Total revenue – GAAP (a)	3,745			4,611			3,689			3,792			3,886			4		2
Less: Net income attributable to noncontrolling interests related to consolidated investment management funds (a)	17			23			24			31			37
Gain on the sale of our investment in Wing Hang	—			490			—			—			—
Gain on the sale of the One Wall Street building	—			346			—			—			—
Total revenue – Non-GAAP (a)	3,728			3,752			3,665			3,761			3,849			3		2
Provision for credit losses	(12		)	(19		)	1			2			(6		)
Expense:
Noninterest expense – GAAP	2,946			2,968			3,524			2,700			2,727			(7	)	1
Less: Amortization of intangible assets	75			75			73			66			65
M&I, litigation and restructuring charges	122			220			800			(3		)	59
Charge related to investment management funds, net of incentives	109			—			—			—			—
Total noninterest expense – Non-GAAP	2,640			2,673			2,651			2,637			2,603			(1	)	(1	)
Income:
Income before income taxes (a)	811			1,662			164			1,090			1,165			44	%	7	%
Provision (benefit) for income taxes	217			556			(93		)	280			276
Net income (a)	$	594		$	1,106		$	257		$	810		$	889
Net (income) attributable to noncontrolling interests (a)(b)	(17		)	(23		)	(24		)	(31		)	(36		)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	577			1,083			233			779			853
Preferred stock dividends	(23		)	(13		)	(24		)	(13		)	(23		)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	554		$	1,070		$	209		$	766		$	830
Key Metrics:
Pre-tax operating margin (a)(c)	22		%	36		%	4		%	29		%	30		%
Non-GAAP (c)	30		%	29		%	28		%	30		%	33		%
Return on common equity (annualized)(c)	6.1		%	11.6		%	2.2		%	8.8		%	9.4		%
Non-GAAP (c)	8.4		%	8.5		%	7.7		%	9.2		%	10.3		%
Return on tangible common equity (annualized) – Non-GAAP (c)	14.5		%	26.2		%	5.9		%	20.3		%	21.5		%
Non-GAAP adjusted (c)	18.4		%	18.4		%	16.3		%	20.2		%	22.5		%
Fee revenue as a percentage of total revenue excluding net securities gains (a)	79		%	83		%	79		%	79		%	79		%
Percentage of non-U.S. total revenue (d)	38		%	43		%	35		%	36		%	36		%
Average common shares and equivalents outstanding:
Basic	1,133,556			1,126,946			1,120,672			1,118,602			1,113,790
Diluted	1,139,800			1,134,871			1,129,040			1,126,306			1,122,135
Period end:
Full-time employees	51,100			50,900			50,300			50,500			50,700
Book value per common share – GAAP (c)	$	32.49		$	32.77		$	32.09		$	31.89		$	32.28
Tangible book value per common share – Non-GAAP (c)	$	14.88		$	15.30		$	14.70		$	14.82		$	14.86
Cash dividends per common share	$	0.17		$	0.17		$	0.17		$	0.17		$	0.17
Common dividend payout ratio	35		%	18		%	94		%	25		%	23		%
Closing stock price per common share	$	37.48		$	38.73		$	40.57		$	40.24		$	41.97
Market capitalization	$	42,412		$	43,599		$	45,366		$	45,130		$	46,441
Common shares outstanding	1,131,596			1,125,710			1,118,228			1,121,512			1,106,518

(a) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 for additional information.

(b)    Primarily attributable to noncontrolling interests related to consolidated investment management funds.

(c) Non-GAAP excludes the gains on the sales of our investment in Wing Hang Bank and the One Wall Street building, net income attributable to noncontrolling interests of consolidated investment management funds, amortization of intangible assets, M&I, litigation and restructuring charges, and a charge related to investment management funds, net of incentives. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 25 for the reconciliation of Non-GAAP measures.

(d) Includes fee revenue, net interest revenue and income from consolidated investment management funds, net of net income attributable to noncontrolling interests.

Page - 4

BNY Mellon 2Q15 Earnings Release

CONSOLIDATED BUSINESS METRICS

Consolidated business metrics																	2Q15 vs.
	2Q14			3Q14			4Q14			1Q15			2Q15				2Q14		1Q15
Changes in AUM (in billions): (a)
Beginning balance of AUM	$	1,620		$	1,636		$	1,646		$	1,710		$	1,741
Net inflows (outflows):
Long-term:
Equity	(4		)	(2		)	(4		)	(6		)	(12		)
Fixed income	(1		)	—			4			4			(2		)
Index	7			(3		)	1			8			(9		)
Liability-driven investments (b)	(17		)	18			24			8			5
Alternative investments	2			—			2			2			3
Total long-term inflows (outflows)	(13		)	13			27			16			(15		)
Short term:
Cash	(18		)	19			5			1			(11		)
Total net inflows (outflows)	(31		)	32			32			17			(26		)
Net market/currency impact/acquisition	47			(22		)	32			14			9
Ending balance of AUM	$	1,636		$	1,646		$	1,710		$	1,741		$	1,724		(c)	5	%	(1	)%
AUM at period end, by product type: (a)
Equity	17		%	16		%	16		%	15		%	15		%
Fixed income	14			13			13			13			13
Index	21			21			21			22			21
Liability-driven investments (b)	27			28			29			29			30
Alternative investments	4			4			4			4			4
Cash	17			18			17			17			17
Total AUM	100		%	100		%	100		%	100		%	100		%	(c)
Investment Management:
Average loans (in millions)	$	10,372		$	10,772		$	11,124		$	11,634		$	12,298			19	%	6	%
Average deposits (in millions)	$	13,458		$	13,764		$	14,604		$	15,218		$	14,640			9	%	(4	)%
Investment Services:
Average loans (in millions)	$	33,115		$	33,785		$	35,448		$	37,699		$	38,264			16	%	1	%
Average deposits (in millions)	$	220,701		$	221,734		$	228,282		$	234,183		$	237,193			7	%	1	%
AUC/A at period end (in trillions) (d)	$	28.5		$	28.3		$	28.5		$	28.5		$	28.6		(c)	—	%	—	%
Market value of securities on loan at period end (in billions) (e)	$	280		$	282		$	289		$	291		$	283			1	%	(3	)%
Asset servicing:
Estimated new business wins (AUC/A) (in billions)	$	130		$	115		$	130		$	131		$	1,024		(c)
Depositary Receipts:
Number of sponsored programs	1,316			1,302			1,279			1,258			1,206				(8	)%	(4	)%
Clearing services:
Global DARTS volume (in thousands)	207			209			242			261			242				17	%	(7	)%
Average active clearing accounts (U.S. platform) (in thousands)	5,752			5,805			5,900			5,979			6,046				5	%	1	%
Average long-term mutual fund assets (U.S. platform) (in millions)	$	433,047		$	442,827		$	450,305		$	456,954		$	466,195			8	%	2	%
Average investor margin loans (U.S. platform) (in millions)	$	9,236		$	9,861		$	10,711		$	11,232		$	11,890			29	%	6	%
Broker-Dealer:
Average tri-party repo balances (in billions)	$	2,022		$	2,063		$	2,101		$	2,153		$	2,174			8	%	1	%

(a) Excludes securities lending cash management assets and assets managed in the Investment Services business.

(b) Includes currency overlay assets under management.

(c) Preliminary.

(d) Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.2 trillion at June 30, 2014 and Sept. 30, 2014 and $1.1 trillion at Dec. 31, 2014, March 31, 2015 and June 30, 2015.

(e) Represents the total amount of securities on loan managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $64 billion at June 30, 2014, $65 billion at Sept. 30, 2014 and Dec. 31, 2014, $69 billion at March 31, 2015 and $68 billion at June 30, 2015.

Page - 5

BNY Mellon 2Q15 Earnings Release

The following table presents key market metrics at period end and on an average basis.

Key market metrics																2Q15 vs.
	2Q14			3Q14			4Q14			1Q15			2Q15			2Q14		1Q15
S&P 500 Index (a)	1960			1972			2059			2068			2063			5	%	—	%
S&P 500 Index – daily average	1900			1976			2009			2064			2102			11		2
FTSE 100 Index (a)	6744			6623			6566			6773			6521			(3	)	(4	)
FTSE 100 Index – daily average	6764			6756			6526			6793			6920			2		2
MSCI World Index (a)	1743			1698			1710			1741			1736			—		—
MSCI World Index – daily average	1698			1733			1695			1726			1780			5		3
Barclays Capital Global Aggregate BondSM Index (a)(b)	376			361			357			348			342			(9	)	(2	)
NYSE and NASDAQ share volume (in billions)	187			173			198			187			185			(1	)	(1	)
JPMorgan G7 Volatility Index – daily average (c)	6.22			6.21			8.54			10.40			10.06			62		(3	)
Average Fed Funds effective rate	0.09		%	0.09		%	0.10		%	0.11		%	0.13		%	4 bps		2 bps
Foreign exchange rates vs. U.S. dollar:
British pound - average rate	$	1.68		$	1.67		$	1.58		$	1.51		$	1.53		(9)	%	1	%
Euro - average rate	1.37			1.33			1.25			1.13			1.11			(19	)	(2	)

(a) Period end.

(b) Unhedged in U.S. dollar terms.

(c) The JPMorgan G7 Volatility Index is based on the implied volatility in 3-month currency options.

bps – basis points.

Page - 6

BNY Mellon 2Q15 Earnings Release

FEE AND OTHER REVENUE

Fee and other revenue											2Q15 vs.
(dollars in millions)	2Q14		3Q14		4Q14		1Q15		2Q15		2Q14		1Q15
Investment services fees:
Asset servicing (a)	$	1,022	$	1,025	$	1,019	$	1,038	$	1,060	4	%	2	%
Clearing services	326		337		347		344		347		6		1
Issuer services	231		315		193		232		234		1		1
Treasury services	141		142		145		137		144		2		5
Total investment services fees	1,720		1,819		1,704		1,751		1,785		4		2
Investment management and performance fees (b)	883		881		885		867		878		(1	)	1
Foreign exchange and other trading revenue	130		153		151		229		187		44		(18	)
Financing-related fees	44		44		43		40		58		32		45
Distribution and servicing	43		44		43		41		39		(9	)	(5	)
Investment and other income (b)	142		890		78		60		104		N/M		N/M
Total fee revenue (b)	2,962		3,831		2,904		2,988		3,051		3		2
Net securities gains	18		20		31		24		16		N/M		N/M
Total fee and other revenue (b)	$	2,980	$	3,851	$	2,935	$	3,012	$	3,067	3	%	2	%

(a) Asset servicing fees include securities lending revenue of $46 million in 2Q14, $37 million in 3Q14 and 4Q14, $43 million in1Q15 and $49 million in 2Q15.

(b) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 for additional information.

N/M - Not meaningful.

KEY POINTS

• Asset servicing fees were $1.1 billion, an increase of 4% year-over-year and 2% sequentially. The year-over-year increase primarily reflects organic growth, due in part to Global Collateral Services, net new business and higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar. The sequential increase primarily reflects organic growth and seasonally higher securities lending revenue.

• Clearing services fees were $347 million, an increase of 6% year-over-year and 1% sequentially. The year-over-year increase was primarily driven by higher mutual fund and asset-based fees, clearance revenue and custody fees. The sequential increase was primarily driven by two additional trading days in 2Q15.

• Issuer services fees were $234 million, an increase of 1% year-over-year and sequentially. Both increases primarily reflect higher Depositary Receipts revenue, partially offset by lower Corporate Trust fees. The year-over-year decrease in Corporate Trust fees primarily reflects the unfavorable impact of a stronger U.S. dollar.

• Treasury services fees were $144 million, an increase of 2% year-over-year and 5% sequentially. The year-over-year increase primarily reflects higher payment volumes. The sequential increase primarily reflects three additional business days in 2Q15.

• Investment management and performance fees were $878 million, a decrease of 1% year-over-year, or an increase of 5% on a constant currency basis (Non-GAAP). The increase was driven by higher equity market values, the impact of the 1Q15 acquisition of Cutwater and strategic initiatives, partially offset by lower performance fees. Sequentially, investment management and performance fees increased 1% primarily reflecting higher equity market values and higher performance fees.

Page - 7

BNY Mellon 2Q15 Earnings Release

•	Foreign exchange and other trading revenue
	(in millions)	2Q14			3Q14			4Q14			1Q15		2Q15
	Foreign exchange	$	129		$	154		$	165		$	217	$	181
	Other trading revenue (loss):
	Fixed income	(1		)	2			(18		)	11		—
	Equity/other	2			(3		)	4			1		6
	Total other trading revenue (loss)	1			(1		)	(14		)	12		6
	Total foreign exchange and other trading revenue	$	130		$	153		$	151		$	229	$	187

Foreign exchange and other trading revenue totaled $187 million in 2Q15 compared with $130 million in 2Q14 and $229 million in 1Q15. In 2Q15, foreign exchange revenue totaled $181 million, an increase of 40% year-over-year and a decrease of 17% sequentially. The year-over-year increase primarily reflects higher volatility and volumes, as well as higher Depositary Receipts-related activity. The sequential decrease primarily reflects the benefit of unusually high volatility in 1Q15.

• Financing-related fees were $58 million in 2Q15 compared with $44 million in 2Q14 and $40 million in 1Q15. Both increases primarily reflect higher fees related to secured intraday credit provided to dealers in connection with their tri-party repo activity.

•	Investment and other income (loss)
	(in millions)	2Q14			3Q14			4Q14			1Q15			2Q15
	Lease residual gains (losses)	$	4		$	5		$	5		$	(1	)	$	54
	Corporate/bank-owned life insurance	30			34			37			33			31
	Expense reimbursements from joint venture	15			13			15			14			17
	Private equity gains (losses)	(2		)	2			1			(3		)	3
	Seed capital gains (losses) (a)	15			(1		)	—			16			2
	Asset-related gains	17			836			20			3			1
	Equity investment revenue (loss)	17			(9		)	(5		)	(4		)	(7		)
	Other income (a)	46			10			5			2			3
	Total investment and other income	$	142		$	890		$	78		$	60		$	104

(a) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 for additional information.

Investment and other income was $104 million in 2Q15 compared with $142 million in 2Q14 and $60 million in 1Q15. The year-over-year decrease primarily reflects lower other revenue, equity investment revenue and asset-related gains, partially offset by higher lease residual gains. The sequential increase primarily reflects higher lease residual gains, partially offset by lower seed capital gains.

Page - 8

BNY Mellon 2Q15 Earnings Release

NET INTEREST REVENUE

Net interest revenue																2Q15 vs.
(dollars in millions)	2Q14			3Q14			4Q14			1Q15			2Q15			2Q14		1Q15
Net interest revenue (non-FTE)	$	719		$	721		$	712		$	728		$	779		8%		7	%
Net interest revenue (FTE) – Non-GAAP	736			736			726			743			794			8		7
Net interest margin (FTE)	0.98		%	0.94		%	0.91		%	0.97		%	1.00		%	2	bps	3	bps
Selected average balances:
Cash/interbank investments	$	140,357		$	139,278		$	140,599		$	123,647		$	125,640		(10)%		2%
Trading account securities	5,532			5,435			3,922			3,046			3,253			(41	)	7
Securities	101,420			112,055			117,243			123,476			128,641			27		4
Loans	53,449			54,835			56,844			57,935			61,076			14		5
Interest-earning assets	300,758			311,603			318,608			308,104			318,610			6		3
Interest-bearing deposits	162,674			164,233			163,149			159,520			170,730			5		7
Noninterest-bearing deposits	77,820			82,334			85,330			89,592			84,890			9		(5	)
Selected average yields/rates:
Cash/interbank investments	0.43		%	0.38		%	0.31		%	0.35		%	0.34		%
Trading account securities	2.19			2.36			2.64			2.46			2.63
Securities	1.68			1.56			1.54			1.55			1.57
Loans	1.66			1.61			1.58			1.55			1.51
Interest-earning assets	1.10			1.05			1.02			1.07			1.08
Interest-bearing deposits	0.06			0.06			0.03			0.04			0.02
Average cash/interbank investments as a percentage of average interest-earning assets	47		%	45		%	44		%	40		%	39		%
Average noninterest-bearing deposits as a percentage of average interest-earning assets	26		%	26		%	27		%	29		%	27		%

FTE – fully taxable equivalent.

bps – basis points.

KEY POINTS

• Net interest revenue totaled $779 million in 2Q15, an increase of $60 million compared with 2Q14 and an increase of $51 million sequentially. Both increases primarily reflect higher securities and loans due to higher deposits, lower interest expense incurred on deposits, and the impact of interest rate hedging activities. The year-over-year increase also reflects the shift out of cash and into investments in securities and loans, which was partially offset by lower yields on interest-earning assets.

Page - 9

BNY Mellon 2Q15 Earnings Release

NONINTEREST EXPENSE

Noninterest expense																2Q15 vs.
(dollars in millions)	2Q14			3Q14			4Q14			1Q15			2Q15			2Q14		1Q15
Staff:
Compensation	$	903		$	909		$	893		$	871		$	877		(3	)%	1	%
Incentives	313			340			319			425			349			12		(18	)
Employee benefits	223			228			206			189			208			(7	)	10
Total staff	1,439			1,477			1,418			1,485			1,434			—		(3	)
Professional, legal and other purchased services	314			323			390			302			299			(5	)	(1	)
Software and equipment	236			234			235			228			228			(3	)	—
Net occupancy	152			154			150			151			149			(2	)	(1	)
Distribution and servicing	112			107			102			98			96			(14	)	(2	)
Sub-custodian	81			67			70			70			75			(7	)	7
Business development	68			61			75			61			72			6		18
Other	347			250			211			242			250			(28	)	3
Amortization of intangible assets	75			75			73			66			65			(13	)	(2	)
M&I, litigation and restructuring charges	122			220			800			(3		)	59			N/M		N/M
Total noninterest expense – GAAP	$	2,946		$	2,968		$	3,524		$	2,700		$	2,727		(7	)%	1	%
Total staff expense as a percentage of total revenue	38		%	32		%	38		%	39		%	37		%
Memo:
Total noninterest expense excluding amortization of intangible assets, M&I, litigation and restructuring charges and the charge related to investment management funds, net of incentives – Non-GAAP	$	2,640		$	2,673		$	2,651		$	2,637		$	2,603		(1	)%	(1	)%

N/M - Not meaningful.

KEY POINTS

• Total noninterest expense excluding amortization of intangible assets, M&I, litigation and restructuring charges, and the charge related to investment management funds, net of incentives (Non-GAAP) decreased 1% year-over-year and sequentially.

• The year-over-year decrease reflects lower expenses in all categories, except incentives and business development expense. The lower expenses primarily reflect the favorable impact of a stronger U.S. dollar and the benefit of the business improvement process which focuses on reducing structural costs.

• Total staff expense decreased slightly year-over-year primarily reflecting the favorable impact of a stronger U.S. dollar, lower headcount and the impact of curtailing the U.S. pension plan, partially offset by higher incentive expense reflecting better performance.

• The sequential decrease primarily reflects lower incentive expense driven by the impact of vesting of long-term stock awards for retirement eligible employees recorded in 1Q15. The decrease was partially offset by higher employee benefits expense reflecting the curtailment gain recorded in 1Q15 and higher business development expenses.

Page - 10

BNY Mellon 2Q15 Earnings Release

INVESTMENT SECURITIES PORTFOLIO

At June 30, 2015, the fair value of our investment securities portfolio totaled $123.0 billion. The net unrealized pre-tax gain on our total securities portfolio was $752 million at June 30, 2015 compared with $1.7 billion at March 31, 2015. The decrease in the net unrealized pre-tax gain was primarily driven by higher market interest rates. At June 30, 2015, the fair value of the held-to-maturity securities totaled $43.4 billion and represented 35% of the fair value of the total investment securities portfolio.

The following table shows the distribution of our investment securities portfolio.

Investment securities portfolio (dollars in millions)	March 31, 2015			2Q15 change in unrealized gain (loss)			June 30, 2015					Fair value as a % of amortized cost (a)		Unrealized gain (loss)				Ratings
																								BB+ and lower
	Fair value						Amortized cost		Fair value									AAA/ AA-		A+/ A-		BBB+/ BBB-				Not rated
Agency RMBS	$	51,101		$	(431	)	$	49,983	$	50,018		100	%	$	35			100	%	—	%	—	%	—	%	—	%
U.S. Treasury	28,680			(183		)	24,139		24,222			100		83				100		—		—		—		—
Sovereign debt/sovereign guaranteed	18,469			(142		)	18,466		18,516			100		50				77		1		22		—		—
Non-agency RMBS (b)	2,138			(25		)	1,626		2,040			81		414				—		1		2		90		7
Non-agency RMBS	1,070			(1		)	1,007		1,024			94		17				2		9		19		69		1
European floating rate notes	1,723			(6		)	1,748		1,737			99		(11		)		71		22		—		7		—
Commercial MBS	5,901			(49		)	5,866		5,888			100		22				94		5		1		—		—
State and political subdivisions	5,159			(29		)	4,492		4,548			101		56				77		22		—		—		1
Foreign covered bonds	2,804			(15		)	2,666		2,723			102		57				100		—		—		—		—
Corporate bonds	1,745			(32		)	1,784		1,802			101		18				19		69		12		—		—
CLO	2,258			(4		)	2,241		2,245			100		4				100		—		—		—		—
U.S. Government agencies	1,554			(5		)	1,858		1,856			100		(2		)		100		—		—		—		—
Consumer ABS	3,400			(1		)	3,347		3,348			100		1				100		—		—		—		—
Other (c)	2,890			(3		)	3,000		3,008			100		8				41		—		55		—		4
Total investment securities	$	128,892	(d)	$	(926	)	$	122,223	$	122,975	(d)	100	%	$	752		(d)(e)	90	%	3	%	5	%	2	%	—	%

(a)    Amortized cost before impairments.

(b) These RMBS were included in the former Grantor Trust and were marked-to-market in 2009. We believe these RMBS would receive higher credit ratings if these ratings incorporated, as additional credit enhancements, the difference between the written-down amortized cost and the current face amount of each of these securities.

(c) Includes commercial paper with a fair value of $1.6 billion and $1.7 billion and money market funds with a fair value of $814 million and $779 million at March 31, 2015 and June 30, 2015, respectively.

(d) Includes net unrealized losses on derivatives hedging securities available-for-sale of $501 million at March 31, 2015 and $71 million at June 30, 2015.

(e) Unrealized gains of $740 million at June 30, 2015 related to available-for-sale securities.

Page - 11

BNY Mellon 2Q15 Earnings Release

NONPERFORMING ASSETS

Nonperforming assets (dollars in millions)	June 30, 2014			March 31, 2015			June 30, 2015
Loans:
Other residential mortgages	$	105		$	111		$	110
Wealth management loans and mortgages	12			12			11
Commercial real estate	4			1			1
Commercial	13			—			—
Foreign	4			—			—
Total nonperforming loans	138			124			122
Other assets owned	4			4			5
Total nonperforming assets (a)	$	142		$	128		$	127
Nonperforming assets ratio	0.24		%	0.21		%	0.20		%
Allowance for loan losses/nonperforming loans	135.5			153.2			150.0
Total allowance for credit losses/nonperforming loans	225.4			228.2			227.9

(a) Loans of consolidated investment management funds are not part of BNY Mellon’s loan portfolio. Included in the loans of consolidated investment management funds are nonperforming loans of $68 million at June 30, 2014. These loans are recorded at fair value and therefore do not impact the provision for credit losses and allowance for loan losses, and accordingly are excluded from the nonperforming assets table above. In 2Q15, BNY Mellon adopted the new accounting guidance included in ASU 2015-02, Consolidations. As a result, we deconsolidated substantially all of the loans of consolidated investment management funds retroactively to Jan. 1, 2015. See page 24 for additional information on the new accounting guidance.

Nonperforming assets were $127 million at June 30, 2015, a decrease of $1 million compared with $128 million at March 31, 2015.

ALLOWANCE FOR CREDIT LOSSES, PROVISION AND NET CHARGE-OFFS

Allowance for credit losses, provision and net charge-offs (in millions)	June 30, 2014			March 31, 2015		June 30, 2015
Allowance for credit losses - beginning of period	$	326		$	280	$	283
Provision for credit losses	(12		)	2		(6		)
Net (charge-offs) recoveries:
Financial institutions	—			—		1
Other residential mortgages	(1		)	1		—
Commercial	1			—		—
Wealth management loans and mortgages	(1		)	—		—
Foreign	(2		)	—		—
Net (charge-offs) recoveries	(3		)	1		1
Allowance for credit losses - end of period	$	311		$	283	$	278
Allowance for loan losses	$	187		$	190	$	183
Allowance for lending-related commitments	124			93		95

The allowance for credit losses was $278 million at June 30, 2015, a decrease of $5 million compared with $283 million at March 31, 2015.

Page - 12

BNY Mellon 2Q15 Earnings Release

CAPITAL AND LIQUIDITY

The common equity Tier 1 (“CET1”), Tier 1 and Total risk-based regulatory capital ratios in the first section of the table below are based on Basel III components of capital, as phased-in, and credit risk asset risk-weightings using the U.S. capital rules’ advanced approaches framework (the “Advanced Approach”) as the related risk-weighted assets (“RWA”) were higher when calculated under the Advanced Approach at Dec. 31, 2014, March 31, 2015 and June 30, 2015. Our risk-based capital adequacy is determined using the higher of RWA determined using the Advanced Approach and the U.S. capital rules’ standardized approach (the “Standardized Approach”). The leverage capital ratios are based on Basel III components of capital, as phased-in and quarterly average total assets. Our consolidated capital ratios are shown in the following table.

Capital ratios	Dec. 31, 2014		March 31, 2015		June 30, 2015
Consolidated regulatory capital ratios: (a)(b)(c)
CET1 ratio	11.2	%	10.8	%	10.9	%
Tier 1 capital ratio	12.2		11.7		12.4
Total (Tier 1 plus Tier 2) capital ratio	12.5		12.0		12.7
Leverage capital ratio	5.6		5.7		5.8
BNY Mellon shareholders’ equity to total assets ratio – GAAP (b)(d)	9.7		9.5		9.7
BNY Mellon common shareholders’ equity to total assets ratio – GAAP (b)(d)	9.3		9.1		9.0
BNY Mellon tangible common shareholders’ equity to tangible assets of operations ratio – Non-GAAP (d)	6.5		6.0		6.2
Selected regulatory capital ratios – fully phased-in – Non-GAAP: (a)(b)
Estimated CET1 ratio:
Standardized Approach	10.6		10.0		10.0
Advanced Approach	9.8		9.9		9.9
Estimated supplementary leverage ratio (“SLR”)	4.4		4.6		4.6

(a) Regulatory capital ratios for June 30, 2015 are preliminary.

(b) Capital ratios for the first quarter of 2015 were revised to reflect the retrospective application of adopting new accounting guidance in 2Q15 related to Consolidations (ASU 2015-02). As a result of the new accounting guidance, the RWA as of March 31, 2015 decreased $13.3 billion under the Advanced Approach and $7.0 billion under the Standardized Approach. See page 24 for additional information on the new accounting guidance.

(c) At Dec. 31, 2014, the CET1, Tier 1 and Total risk-based consolidated regulatory capital ratios determined under the transitional Standardized Approach were 15.0%, 16.3% and 16.9%, and were calculated based on Basel III components of capital, as phased-in, and asset risk-weightings using Basel I-based requirements. At March 31, 2015 and June 30, 2015, the CET1, Tier 1 and Total risk-based consolidated regulatory capital ratios determined under the transitional Basel III Standardized Approach were11.2%, 12.2%, and 12.7%, and 11.3%, 12.9% and 13.4%, respectively. Additionally, the capital ratios determined under the transitional Basel III Standardized Approach for March 31, 2015 were revised to reflect the new accounting guidance related to Consolidations.

(d) See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 25 for a reconciliation of these ratios.

Estimated Basel III CET1 generation presented on a fully phased-in basis – Non-GAAP – preliminary
(in millions)	2Q15
Estimated fully phased-in Basel III CET1 – Non-GAAP – Beginning of period	$	16,123
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	830
Goodwill and intangible assets, net of related deferred tax liabilities	(129		)
Gross Basel III CET1 generated	701
Capital deployed:
Dividends	(192		)
Common stock repurchased	(834		)
Total capital deployed	(1,026		)
Other comprehensive (loss)	(43		)
Additional paid-in capital (a)	191
Other (primarily cash flow hedges)	(15		)
Total other additions	133
Net Basel III CET1 generated	(192		)
Estimated fully phased-in Basel III CET1 – Non-GAAP – End of period	$	15,931

(a)    Primarily related to stock awards, the exercise of stock options and stock issued for employee benefit plans.

Page - 13

BNY Mellon 2Q15 Earnings Release

The table presented below compares the fully phased-in Basel III capital components and ratios to those capital components and ratios determined on a phased-in basis (referred to as the “Transitional Approach”).

Basel III capital components and ratios at June 30, 2015 – preliminary	Fully phased-in Basel III - Non-GAAP			Transitional Approach (a)
(dollars in millions)
CET1:
Common shareholders’ equity	$	35,718		$	36,253
Goodwill and intangible assets	(19,277		)	(17,584		)
Net pension fund assets	(109		)	(44		)
Equity method investments	(374		)	(315		)
Deferred tax assets	(18		)	(7		)
Other	(9		)	(5		)
Total CET1	15,931			18,298
Other Tier 1 capital:
Preferred stock	2,552			2,552
Trust preferred securities	—			79
Disallowed deferred tax assets	—			(11		)
Net pension fund assets	—			(65		)
Other	(7		)	(11		)
Total Tier 1 capital	18,476			20,842
Tier 2 capital:
Trust preferred securities	—			236
Subordinated debt	248			248
Allowance for credit losses	278			278
Other	(6		)	(7		)
Total Tier 2 capital - Standardized Approach	520			755
Excess of expected credit losses	12			12
Less: Allowance for credit losses	278			278
Total Tier 2 capital - Advanced Approach	$	254		$	489
Total capital:
Standardized Approach	$	18,996		$	21,597
Advanced Approach	$	18,730		$	21,331
Risk-weighted assets:
Standardized Approach	$	160,031		$	161,825
Advanced Approach	$	160,505		$	167,562
Standardized Approach:
Estimated Basel III CET1 ratio	10.0		%	11.3		%
Tier 1 capital ratio	11.6			12.9
Total (Tier 1 plus Tier 2) capital ratio	11.9			13.4
Advanced Approach:
Estimated Basel III CET1 ratio	9.9		%	10.9		%
Tier 1 capital ratio	11.5			12.4
Total (Tier 1 plus Tier 2) capital ratio	11.7			12.7

(a)    Reflects transitional adjustments to CET1, Tier 1 capital and Tier 2 capital required in 2015 under the U.S. capital rules.

BNY Mellon has presented its estimated fully phased-in Basel III CET1 and other risk-based capital ratios and SLR based on its interpretation of the U.S. capital rules, which are being gradually phased-in over a multi-year period, and on the application of such rules to BNY Mellon’s businesses as currently conducted. Management views the estimated fully phased-in Basel III CET1 and other risk-based capital ratios and SLR as key measures in monitoring BNY Mellon’s capital position and progress against future regulatory capital standards. Additionally, the presentation of the estimated fully phased-in Basel III CET1 and other risk-based capital ratios and SLR are intended to allow investors to compare these ratios with estimates presented by other companies. The estimated fully phased-in Basel III CET1 and other risk-based capital ratios assume all relevant regulatory approvals. The U.S. capital rules require approval by banking regulators of certain models used as part of RWA calculations. If these models are not approved, the estimated fully phased-in Basel III CET1 and other risk-based capital ratios would likely be adversely impacted.

Page - 14

BNY Mellon 2Q15 Earnings Release

RWA at Dec. 31, 2014, March 31, 2015 and June 30, 2015 for credit risk under the transitional Advanced Approach do not reflect the use of a simple value-at-risk methodology for repo-style transactions (including agented indemnified securities lending transactions), eligible margin loans, and similar transactions. BNY Mellon has requested written approval to use this methodology.

Our capital and liquidity ratios are necessarily subject to, among other things, BNY Mellon’s further review of applicable rules, anticipated compliance with all necessary enhancements to model calibration, approval by regulators of certain models used as part of RWA calculations, other refinements, further implementation guidance from regulators, market practices and standards and any changes BNY Mellon may make to its businesses. Consequently, our capital and liquidity ratios remain subject to ongoing review and revision and may change based on these factors.

Supplementary Leverage Ratio (“SLR”)

The following table presents the components of our estimated SLR using fully phased-in Basel III components of capital.

Estimated fully phased-in SLR – Non-GAAP (a) (dollars in millions)	Dec. 31, 2014			March 31, 2015			June 30, 2015			(b)
Total estimated fully phased-in Basel III CET1 – Non-GAAP	$	15,931		$	16,123		$	15,931
Additional Tier 1 capital	1,550			1,560			2,545
Total Tier 1 capital	$	17,481		$	17,683		$	18,476
Total leverage exposure:
Quarterly average total assets (c)	$	385,232		$	368,411		$	378,293
Less: Amounts deducted from Tier 1 capital	19,947			19,644			19,779
Total on-balance sheet assets, as adjusted (c)	365,285			348,767			358,514
Off-balance sheet exposures:
Potential future exposure for derivatives contracts (plus certain other items)	11,376			9,295			9,222
Repo-style transaction exposures included in SLR	302			6,474			6,589
Credit-equivalent amount of other off-balance sheet exposures (less SLR exclusions)	21,850			22,046			27,251
Total off-balance sheet exposures	33,528			37,815			43,062
Total leverage exposure (c)	$	398,813		$	386,582		$	401,576
Estimated fully phased-in SLR – Non-GAAP (c)	4.4		%	4.6		%	4.6		%

(a) The estimated fully phased-in SLR (Non-GAAP) is based on our interpretation of the U.S. capital rules. When the SLR is fully phased-in, we expect to maintain an SLR of over 5%. The minimum required SLR is 3% and there is a 2% buffer, in addition to the minimum, that is applicable to U.S. G-SIBs.

(b) June 30, 2015 information is preliminary.

(c) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02).

• The SLR increased slightly on a sequential basis, as both total Tier 1 capital and total leverage exposure increased. 

• The increase in total Tier 1 capital was driven by the issuance of preferred stock.

• The increase in leverage exposure was driven by:

• an increase in average total assets, primarily interest-earning assets, as a result of higher average deposits and securities sold under repurchase agreements.

• an increase in the credit equivalent amount of other off-balance sheet exposures primarily from the secured intraday credit provided to dealers in connection with their tri-party repo activity.

Liquidity Coverage Ratio (“LCR”)

The U.S. LCR rules became effective Jan. 1, 2015 and require BNY Mellon to meet an LCR of 80%, increasing annually by 10% increments until fully phased-in on Jan. 1, 2017, at which time we will be required to meet an LCR of 100%. Our estimated LCR on a consolidated basis is compliant with the fully phased-in requirements of the U.S. LCR as of June 30, 2015 based on our current understanding of the U.S. LCR rules.

Page - 15

BNY Mellon 2Q15 Earnings Release

INVESTMENT MANAGEMENT provides investment management services to institutional and retail investors, as well as investment management, wealth and estate planning and private banking solutions to high net worth individuals and families, and foundations and endowments.

(dollars in millions, unless otherwise noted)																	2Q15 vs.
	2Q14			3Q14			4Q14			1Q15			2Q15				2Q14		1Q15
Revenue:
Investment management fees:
Mutual funds	$	311		$	315		$	306		$	301		$	307			(1	)%	2	%
Institutional clients	385			382			375			376			376				(2	)	—
Wealth management	156			158			157			158			161				3		2
Investment management fees	852			855			838			835			844				(1	)	1
Performance fees	29			22			44			15			20				(31	)	N/M
Investment management and performance fees	881			877			882			850			864				(2	)	2
Distribution and servicing	41			41			40			39			37				(10	)	(5	)
Other (a)	48			16			7			47			25				N/M		N/M
Total fee and other revenue (a)	970			934			929			936			926				(5	)	(1	)
Net interest revenue	66			69			69			74			78				18		5
Total revenue	1,036			1,003			998			1,010			1,004				(3	)	(1	)
Noninterest expense (ex. amortization of intangible assets and the charge related to investment management funds, net of incentives)	725			727			729			721			714				(2	)	(1	)
Income before taxes (ex. amortization of intangible assets and the charge related to investment management funds, net of incentives)	311			276			269			289			290				(7	)	—
Amortization of intangible assets	31			31			30			25			25				(19	)	—
Charge related to investment management funds, net of incentives	109			—			—			—			—				N/M		N/M
Income before taxes	$	171		$	245		$	239		$	264		$	265			55	%	—	%
Pre-tax operating margin	16		%	24		%	24		%	26		%	26		%
Adjusted pre-tax operating margin (b)	36		%	33		%	32		%	34		%	34		%
Changes in AUM (in billions): (c)
Beginning balance of AUM	$	1,620		$	1,636		$	1,646		$	1,710		$	1,741
Net inflows (outflows):
Long-term:
Equity	(4		)	(2		)	(4		)	(6		)	(12		)
Fixed income	(1		)	—			4			4			(2		)
Index	7			(3		)	1			8			(9		)
Liability-driven investments (d)	(17		)	18			24			8			5
Alternative investments	2			—			2			2			3
Total long-term inflows (outflows)	(13		)	13			27			16			(15		)
Short term:
Cash	(18		)	19			5			1			(11		)
Total net inflows (outflows)	(31		)	32			32			17			(26		)
Net market/currency impact/acquisition	47			(22		)	32			14			9
Ending balance of AUM	$	1,636		$	1,646		$	1,710		$	1,741		$	1,724		(e)	5	%	(1	)%
AUM at period end, by product type: (c)
Equity	17		%	16		%	16		%	15		%	15		%
Fixed income	14			13			13			13			13
Index	21			21			21			22			21
Liability-driven investments (d)	27			28			29			29			30
Alternative investments	4			4			4			4			4
Cash	17			18			17			17			17
Total AUM	100		%	100		%	100		%	100		%	100		%	(e)
Average balances:
Average loans	$	10,372		$	10,772		$	11,124		$	11,634		$	12,298			19	%	6	%
Average deposits	$	13,458		$	13,764		$	14,604		$	15,218		$	14,640			9	%	(4	)%

(a) Total fee and other revenue includes the impact of the consolidated investment management funds, net of noncontrolling interests. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 25 for the reconciliation of Non-GAAP measures. Additionally, other revenue includes asset servicing, treasury services, foreign exchange and other trading revenue and investment and other income.

(b) Excludes the net negative impact of money market fee waivers, amortization of intangible assets and the charge related to investment management funds, net of incentives, and is net of distribution and servicing expense. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 25 for the reconciliation of this Non-GAAP measure.

(c) Excludes securities lending cash management assets and assets managed in the Investment Services business.

(d) Includes currency overlay assets under management.

(e) Preliminary.

N/M – Not meaningful.

Page - 16

BNY Mellon 2Q15 Earnings Release

INVESTMENT MANAGEMENT KEY POINTS

• Assets under management were $1.72 trillion at June 30, 2015, an increase of 5% year-over-year and a decrease of 1% sequentially. The year-over-year increase primarily resulted from higher market values, net new business and the Cutwater acquisition, partially offset by the unfavorable impact of a stronger U.S. dollar.

• Net long-term outflows were $15 billion in 2Q15 driven by equity, index and fixed income investments, partially offset by liability-driven and alternative investments.

• Net short-term outflows were $11 billion in 2Q15.

• Income before taxes excluding amortization of intangible assets and the charge related to investment management funds, net of incentives decreased 7% year-over-year and increased slightly on a sequential basis.

• Total revenue was $1.0 billion, a decrease of 3% year-over-year and 1% sequentially. The year-over-year decrease primarily reflects the unfavorable impact of a stronger U.S. dollar and lower performance fees, partially offset by the impact of the 1Q15 acquisition of Cutwater and strategic initiatives. Both decreases also reflect lower seed capital gains, partially offset by higher equity market values.

• 43% non-U.S. revenue in 2Q15 vs. 45% in 2Q14.

• Investment management fees were $844 million, a decrease of 1% year-over-year, or an increase of 5% on a constant currency basis (Non-GAAP). The increase was primarily driven by higher equity market values, the impact of the 1Q15 acquisition of Cutwater and strategic initiatives. Sequentially, investment management fees increased 1% reflecting higher equity market values.

• Performance fees were $20 million in 2Q15 compared with $29 million in 2Q14 and $15 million in 1Q15.

• Other revenue was $25 million in 2Q15 compared with $48 million in 2Q14 and $47 million in 1Q15. Both decreases primarily reflect lower seed capital gains, partially offset by gains on hedging activities within a boutique.

• Net interest revenue increased 18% year-over-year and 5% sequentially. Both increases primarily reflect higher loan levels. The year-over-year increase also reflects higher average deposits.

• Average loans increased 19% year-over-year and 6% sequentially; average deposits increased 9% year-over-year and decreased 4% sequentially.

• Total noninterest expense (excluding amortization of intangible assets and the charge related to investment management funds, net of incentives) decreased 2% year-over-year and 1% sequentially. The year-over-year decrease primarily reflects the favorable impact of a stronger U.S. dollar and lower distribution and servicing expense, partially offset by the impact of the Cutwater acquisition and investments in strategic initiatives. The sequential decrease primarily reflects lower incentive expense.

Page - 17

BNY Mellon 2Q15 Earnings Release

INVESTMENT SERVICES provides global custody and related services, broker-dealer services, global collateral services, corporate trust, depositary receipt and clearing services as well as global payment/working capital solutions to global financial institutions.

(dollars in millions, unless otherwise noted)																	2Q15 vs.
	2Q14			3Q14			4Q14			1Q15			2Q15				2Q14		1Q15
Revenue:
Investment services fees:
Asset servicing	$	993		$	998		$	992		$	1,013		$	1,035			4	%	2	%
Clearing services	324			336			346			342			346				7		1
Issuer services	231			314			193			231			234				1		1
Treasury services	140			139			142			135			141				1		4
Total investment services fees	1,688			1,787			1,673			1,721			1,756				4		2
Foreign exchange and other trading revenue	145			159			165			209			179				23		(14	)
Other (a)	87			59			69			63			85				(2	)	35
Total fee and other revenue	1,920			2,005			1,907			1,993			2,020				5		1
Net interest revenue	593			583			574			600			635				7		6
Total revenue	2,513			2,588			2,481			2,593			2,655				6		2
Noninterest expense (ex. amortization of intangible assets)	1,824			1,835			2,512			1,797			1,841				1		2
Income (loss) before taxes (ex. amortization of intangible assets)	689			753			(31		)	796			814				18		2
Amortization of intangible assets	44			44			43			41			40				(9	)	(2	)
Income (loss) before taxes	$	645		$	709		$	(74	)	$	755		$	774			20	%	3	%
Pre-tax operating margin	26		%	27		%	(3		)%	29		%	29		%
Pre-tax operating margin (ex. amortization of intangible assets)	27		%	29		%	(1		)%	31		%	31		%
Investment services fees as a percentage of noninterest expense (b)	93		%	100		%	92		%	96		%	98		%
Securities lending revenue	$	35		$	27		$	28		$	34		$	40			14	%	18	%
Metrics:
Average loans	$	33,115		$	33,785		$	35,448		$	37,699		$	38,264			16	%	1	%
Average deposits	$	220,701		$	221,734		$	228,282		$	234,183		$	237,193			7	%	1	%
AUC/A at period end (in trillions) (c)	$	28.5		$	28.3		$	28.5		$	28.5		$	28.6		(d)	—	%	—	%
Market value of securities on loan at period end (in billions) (e)	$	280		$	282		$	289		$	291		$	283			1	%	(3	)%
Asset servicing:
Estimated new business wins (AUC/A) (in billions)	$	130		$	115		$	130		$	131		$	1,024		(d)
Depositary Receipts:
Number of sponsored programs	1,316			1,302			1,279			1,258			1,206				(8	)%	(4	)%
Clearing services:
Global DARTS volume (in thousands)	207			209			242			261			242				17	%	(7	)%
Average active clearing accounts (U.S. platform) (in thousands)	5,752			5,805			5,900			5,979			6,046				5	%	1	%
Average long-term mutual fund assets (U.S. platform)	$	433,047		$	442,827		$	450,305		$	456,954		$	466,195			8	%	2	%
Average investor margin loans (U.S. platform)	$	9,236		$	9,861		$	10,711		$	11,232		$	11,890			29	%	6	%
Broker-Dealer:
Average tri-party repo balances (in billions)	$	2,022		$	2,063		$	2,101		$	2,153		$	2,174			8	%	1	%

(a) Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue, and investment and other income.

(b) Noninterest expense excludes amortization of intangible assets and litigation expense.

(c) Includes the AUC/A of CIBC Mellon of $1.2 trillion at June 30, 2014 and Sept. 30, 2014 and $1.1 trillion at Dec. 31, 2014, March 31, 2015 and June 30, 2015.

(d) Preliminary.

(e) Represents the total amount of securities on loan managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $64 billion at June 30, 2014, $65 billion at Sept. 30, 2014 and Dec. 31, 2014, $69 billion at March 31, 2015 and $68 billion at June 30, 2015.

Page - 18

BNY Mellon 2Q15 Earnings Release

INVESTMENT SERVICES KEY POINTS

• Income before taxes excluding amortization of intangible assets totaled $814 million, an increase of 18% year-over-year.

• The pre-tax operating margin excluding amortization of intangible assets was 31% in 2Q15 and the investment services fees as a percentage of noninterest expense was 98% in 2Q15, reflecting the continued focus on driving operating leverage.

• Investment services fees totaled $1.8 billion, an increase of 4% year-over-year and 2% sequentially.

• Asset servicing fees (global custody, broker-dealer services and global collateral services) were $1.04 billion in 2Q15 compared with $993 million in 2Q14 and $1.01 billion in 1Q15. The year-over-year increase primarily reflects organic growth, due in part to Global Collateral Services, net new business and higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar. The sequential increase primarily reflects organic growth and seasonally higher securities lending revenue.

--    Estimated new business wins (AUC/A) in Asset Servicing of $1.02 trillion in 2Q15.

• Clearing services fees were $346 million in 2Q15 compared with $324 million in 2Q14 and $342 million in 1Q15. The year-over-year increase was primarily driven by higher mutual fund and asset-based fees, clearance revenue and custody fees. The sequential increase was primarily driven by two additional trading days in 2Q15.

• Issuer services fees (Corporate Trust and Depositary Receipts) were $234 million in 2Q15 compared with $231 million in both 2Q14 and 1Q15. Both increases primarily reflect higher Depositary Receipts revenue, partially offset by lower Corporate Trust fees. The year-over-year decrease in Corporate Trust fees primarily reflects the unfavorable impact of a stronger U.S. dollar.

• Treasury services fees were $141 million in 2Q15 compared with $140 million in 2Q14 and $135 million in 1Q15. The year-over-year increase primarily reflects higher payment volumes. The sequential increase primarily reflects three additional business days in 2Q15.

• Foreign exchange and other trading revenue was $179 million in 2Q15 compared with $145 million in 2Q14 and $209 million in 1Q15. The year-over-year increase primarily reflects higher volatility and volumes, as well as higher Depositary Receipts-related activity. The sequential decrease primarily reflects the benefit of unusually high volatility in 1Q15.

• Net interest revenue was $635 million in 2Q15 compared with $593 million in 2Q14 and $600 million in 1Q15. Both increases primarily reflect higher average deposits and higher internal crediting rates for deposits.

• Noninterest expense (excluding amortization of intangible assets) was $1.84 billion in 2Q15 compared with $1.82 billion in 2Q14 and $1.80 billion in 1Q15. The year-over-year increase reflects higher litigation expense, partially offset by lower consulting expense and the favorable impact of a stronger U.S. dollar. The sequential increase primarily reflects higher litigation expense.

Page - 19

BNY Mellon 2Q15 Earnings Release

OTHER SEGMENT primarily includes credit-related activities, leasing operations, corporate treasury activities, global markets and institutional banking services, business exits, M&I expenses and other corporate revenue and expense items.

(dollars in millions)	2Q14			3Q14			4Q14			1Q15			2Q15
Revenue:
Fee and other revenue	$	119		$	928		$	117		$	104		$	124
Net interest revenue	60			69			69			54			66
Total revenue	179			997			186			158			190
Provision for credit losses	(12		)	(19		)	1			2			(6		)
Noninterest expense (ex. M&I and restructuring charges)	93			274			210			120			98
Income (loss) before taxes (ex. M&I and restructuring charges)	98			742			(25		)	36			98
M&I and restructuring charges (recoveries)	120			57			—			(4		)	8
Income (loss) before taxes	$	(22	)	$	685		$	(25	)	$	40		$	90
Average loans and leases	$	9,962		$	10,278		$	10,272		$	8,602		$	10,515

KEY POINTS

• Total fee and other revenue increased$5 million compared with 2Q14 and $20 million compared with 1Q15. Both increases primarily reflect higher leasing gains. The year-over-year increase also reflected higher other trading revenue, which was more than offset by lower other revenue. The sequential increase was partially offset by lower other trading revenue and net securities gains.

• Net interest revenue increased$6 million compared with 2Q14 and $12 million compared with 1Q15. Both increases primarily reflect higher interest-earning assets, partially offset by higher internal crediting rates to the business for deposits.

• Noninterest expense (excluding M&I and restructuring charges) increased$5 million compared with 2Q14 and decreased $22 million compared with 1Q15. The year-over-year increase primarily reflects higher corporate donations. The sequential decrease was driven by lower incentive expense driven by the impact of vesting of long-term stock awards for retirement eligible employees recorded in 1Q15, partially offset by higher employee benefits expense reflecting the curtailment gain also recorded in 1Q15.

Page - 20

BNY Mellon 2Q15 Earnings Release

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement

(in millions)	Quarter ended									Year-to-date
	June 30, 2015			March 31, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Fee and other revenue
Investment services fees:
Asset servicing	$	1,060		$	1,038		$	1,022		$	2,098		$	2,031
Clearing services	347			344			326			691			651
Issuer services	234			232			231			466			460
Treasury services	144			137			141			281			277
Total investment services fees	1,785			1,751			1,720			3,536			3,419
Investment management and performance fees (a)	878			867			883			1,745			1,726
Foreign exchange and other trading revenue	187			229			130			416			266
Financing-related fees	58			40			44			98			82
Distribution and servicing	39			41			43			80			86
Investment and other income (a)	104			60			142			164			244
Total fee revenue (a)	3,051			2,988			2,962			6,039			5,823
Net securities gains	16			24			18			40			40
Total fee and other revenue (a)	3,067			3,012			2,980			6,079			5,863
Operations of consolidated investment management funds
Investment income (a)	46			56			141			102			279
Interest of investment management fund note holders (a)	6			4			95			10			197
Income from consolidated investment management funds (a)	40			52			46			92			82
Net interest revenue
Interest revenue	847			807			811			1,654			1,623
Interest expense	68			79			92			147			176
Net interest revenue	779			728			719			1,507			1,447
Provision for credit losses	(6		)	2			(12		)	(4		)	(30		)
Net interest revenue after provision for credit losses	785			726			731			1,511			1,477
Noninterest expense
Staff	1,434			1,485			1,439			2,919			2,950
Professional, legal and other purchased services	299			302			314			601			626
Software and equipment	228			228			236			456			473
Net occupancy	149			151			152			300			306
Distribution and servicing	96			98			112			194			219
Sub-custodian	75			70			81			145			149
Business development	72			61			68			133			132
Other	250			242			347			492			570
Amortization of intangible assets	65			66			75			131			150
Merger and integration, litigation and restructuring charges	59			(3		)	122			56			110
Total noninterest expense	2,727			2,700			2,946			5,427			5,685
Income
Income before income taxes (a)	1,165			1,090			811			2,255			1,737
Provision for income taxes	276			280			217			556			449
Net income (a)	889			810			594			1,699			1,288
Net (income) attributable to noncontrolling interests (includes $(37), $(31), $(17), $(68) and $(37) related to consolidated investment management funds, respectively) (a)	(36		)	(31		)	(17		)	(67		)	(37		)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	853			779			577			1,632			1,251
Preferred stock dividends	(23		)	(13		)	(23		)	(36		)	(36		)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	830		$	766		$	554		$	1,596		$	1,215

(a) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 for additional information.

Page - 21

BNY Mellon 2Q15 Earnings Release

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement - continued

Net income applicable to common shareholders of The Bank of New York Mellon Corporation used for the earnings per share calculation (in millions)	Quarter ended						Year-to-date
	June 30, 2015		March 31, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	830	$	766	$	554	$	1,596	$	1,215
Less: Earnings allocated to participating securities	9		12		10		24		23
Net income applicable to the common shareholders of The Bank of New York Mellon Corporation after required adjustments for the calculation of basic and diluted earnings per common share	$	821	$	754	$	544	$	1,572	$	1,192

Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation (in thousands)	Quarter ended			Year-to-date
	June 30, 2015	March 31, 2015	June 30, 2014	June 30, 2015	June 30, 2014
Basic	1,113,790	1,118,602	1,133,556	1,116,183	1,136,086
Diluted	1,122,135	1,126,306	1,139,800	1,124,154	1,141,948

Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation (in dollars)	Quarter ended						Year-to-date
	June 30, 2015		March 31, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Basic	$	0.74	$	0.67	$	0.48	$	1.41	$	1.05
Diluted	$	0.73	$	0.67	$	0.48	$	1.40	$	1.04

Page - 22

BNY Mellon 2Q15 Earnings Release

THE BANK OF NEW YORK MELLON CORPORATION

Consolidated Balance Sheet

(dollars in millions, except per share amounts)	June 30, 2015			March 31, 2015			Dec. 31, 2014
Assets
Cash and due from:
Banks	$	8,354		$	7,167		$	6,970
Interest-bearing deposits with the Federal Reserve and other central banks	104,407			89,704			96,682
Interest-bearing deposits with banks	19,179			18,937			19,495
Federal funds sold and securities purchased under resale agreements	23,930			28,268			20,302
Securities:
Held-to-maturity (fair value of $43,438, $41,676 and $21,127)	43,426			41,237			20,933
Available-for-sale	79,608			87,717			98,330
Total securities	123,034			128,954			119,263
Trading assets	7,568			9,505			9,881
Loans	63,138			62,326			59,132
Allowance for loan losses	(183		)	(190		)	(191		)
Net loans	62,955			62,136			58,941
Premises and equipment	1,412			1,410			1,394
Accrued interest receivable	574			557			607
Goodwill	17,807			17,663			17,869
Intangible assets	4,000			4,047			4,127
Other assets (a)	21,074			22,308			20,490
Subtotal assets of operations (a)	394,294			390,656			376,021
Assets of consolidated investment management funds, at fair value:
Trading assets (a)	2,012			1,496			8,678
Other assets (a)	219			185			604
Subtotal assets of consolidated investment management funds, at fair value (a)	2,231			1,681			9,282
Total assets (a)	$	396,525		$	392,337		$	385,303
Liabilities
Deposits:
Noninterest-bearing (principally U.S. offices)	$	114,810		$	111,622		$	104,240
Interest-bearing deposits in U.S. offices	58,312			60,624			53,236
Interest-bearing deposits in Non-U.S. offices	112,579			109,013			108,393
Total deposits	285,701			281,259			265,869
Federal funds purchased and securities sold under repurchase agreements	10,020			7,919			11,469
Trading liabilities	5,418			7,342			7,434
Payables to customers and broker-dealers	22,050			21,959			21,181
Commercial paper	—			—			—
Other borrowed funds	706			869			786
Accrued taxes and other expenses	6,522			6,258			6,903
Other liabilities (includes allowance for lending-related commitments of $95, $93 and $89)	5,427			7,581			5,025
Long-term debt	20,375			20,401			20,264
Subtotal liabilities of operations	356,219			353,588			338,931
Liabilities of consolidated investment management funds, at fair value:
Trading liabilities (a)	770			264			7,660
Other liabilities (a)	112			106			9
Subtotal liabilities of consolidated investment management funds, at fair value (a)	882			370			7,669
Total liabilities (a)	357,101			353,958			346,600
Temporary equity
Redeemable noncontrolling interests	244			215			229
Permanent equity
Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 25,826, 15,826 and 15,826 shares	2,552			1,562			1,562
Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,308,181,033, 1,303,799,499 and 1,290,222,821 shares	13			13			13
Additional paid-in capital	25,078			24,887			24,626
Retained earnings	18,895			18,257			17,683
Accumulated other comprehensive loss, net of tax	(2,225		)	(2,182		)	(1,634		)
Less: Treasury stock of 201,663,375, 182,287,827 and 171,995,262 common shares, at cost	(6,043		)	(5,209		)	(4,809		)
Total The Bank of New York Mellon Corporation shareholders’ equity	38,270			37,328			37,441
Nonredeemable noncontrolling interests of consolidated investment management funds (a)	910			836			1,033
Total permanent equity (a)	39,180			38,164			38,474
Total liabilities, temporary equity and permanent equity (a)	$	396,525		$	392,337		$	385,303

(a) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 for additional information.

Page - 23

BNY Mellon 2Q15 Earnings Release

IMPACT OF ADOPTING NEW ACCOUNTING GUIDANCE

In 2Q15, BNY Mellon elected to early adopt the new accounting guidance included in Accounting Standards Update (“ASU”) 2015-02, “Amendments to the Consolidation Analysis,” an amendment to ASC 810, Consolidation, retroactively to Jan. 1, 2015. As a result, we restated the first quarter 2015 financial statements.

This ASU eliminated the indefinite deferral of ASU 2010-10 “Amendments for Certain Investment Funds” for asset management funds with characteristics of an investment company and also eliminated the presumption that a general partner should consolidate a general partnership. Entities that comply with or operate in accordance with the requirements that are similar to those of Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds are excluded from the scope of the ASU. This ASU also changed the consolidation analysis, particularly when a reporting entity has fee arrangements that meet certain requirements and related party relationships.

The table below presents the impact of this new accounting guidance on our previously reported income statement.

Income statement for quarter ended March 31, 2015 (unaudited)	As previously reported			Adjustments			As revised
(in millions, except per share amounts)
Fee and other revenue
Investment management and performance fees	$	854		$	13		$	867
Investment and other income	63			(3		)	60
Total fee revenue	2,978			10			2,988
Total fee and other revenue	3,002			10			3,012
Operations of consolidated investment management funds
Investment income	189			(133		)	56
Interest of investment management fund note holders	68			(64		)	4
Income from consolidated investment management funds	121			(69		)	52
Income
Income before income taxes	1,149			(59		)	1,090
Net income	869			(59		)	810
Net (income) attributable to noncontrolling interests	(90		)	59			(31		)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	766			—			766
Diluted earnings per share	0.67			—			0.67

The table below presents the impact of this new accounting guidance on our previously reported balance sheet.

Balance sheet at March 31, 2015 (unaudited)	As previously reported		Adjustments			As revised
(in millions)
Assets
Other assets	$	22,315	$	(7	)	$	22,308
Subtotal assets of operations	390,663		(7		)	390,656
Assets of consolidated investment management funds, at fair value:
Trading assets	7,852		(6,356		)	1,496
Other assets	573		(388		)	185
Subtotal assets of consolidated investment management funds, at fair value	8,425		(6,744		)	1,681
Total assets	399,088		(6,751		)	392,337
Liabilities and Equity
Liabilities of consolidated investment management funds, at fair value:
Trading liabilities	6,584		(6,320		)	264
Other liabilities	36		70			106
Subtotal liabilities of consolidated investment management funds, at fair value	6,620		(6,250		)	370
Total liabilities	360,208		(6,250		)	353,958
Nonredeemable noncontrolling interests of consolidated investment management funds	1,337		(501		)	836
Total permanent equity	38,665		(501		)	38,164
Total liabilities, temporary equity and permanent equity	399,088		(6,751		)	392,337

Page - 24

BNY Mellon 2Q15 Earnings Release

SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY Mellon has included in this Earnings Release certain Non-GAAP financial measures based on fully phased-in Basel III CET1 and other risk-based capital ratios, SLR and tangible common shareholders’ equity. BNY Mellon believes that the Basel III CET1 and other risk-based capital ratios on a fully phased-in basis, the SLR on a fully phased-in basis and the ratio of tangible common shareholders’ equity to tangible assets of operations are measures of capital strength that provide additional useful information to investors, supplementing the capital ratios which are, or were, required by regulatory authorities. The tangible common shareholders’ equity ratio includes changes in investment securities valuations which are reflected in total shareholders’ equity. In addition, this ratio is expressed as a percentage of the actual book value of assets, as opposed to a percentage of a risk-based reduced value established in accordance with regulatory requirements, although BNY Mellon in its reconciliation has excluded certain assets which are given a zero percent risk-weighting for regulatory purposes and the assets of consolidated investment management funds to which BNY Mellon has limited economic exposure. Further, BNY Mellon believes that the return on tangible common equity measure, which excludes goodwill and intangible assets net of deferred tax liabilities, is a useful additional measure for investors because it presents a measure of those assets that can generate income. BNY Mellon has provided a measure of tangible book value per share, which it believes provides additional useful information as to the level of tangible assets in relation to shares of common stock outstanding.

BNY Mellon has presented revenue measures which exclude the effect of noncontrolling interests related to consolidated investment management funds, a gain on the sale of our investment in Wing Hang Bank and a gain on the sale of the One Wall Street building; and expense measures which exclude M&I expenses, litigation charges, restructuring charges, amortization of intangible assets and the charge related to investment management funds, net of incentives. Earnings per share, return on equity measures and operating margin measures, which exclude some or all of these items, are also presented. Return on equity measures also exclude the benefit primarily related to a tax carryback claim. Operating margin measures may also exclude amortization of intangible assets and the net negative impact of money market fee waivers, net of distribution and servicing expense. BNY Mellon believes that these measures are useful to investors because they permit a focus on period-to-period comparisons, which relate to the ability of BNY Mellon to enhance revenues and limit expenses in circumstances where such matters are within BNY Mellon’s control. The excluded items, in general, relate to certain charges as a result of prior transactions. M&I expenses primarily relate to acquisitions and generally continue for approximately three years after the transaction. Litigation charges represent accruals for loss contingencies that are both probable and reasonably estimable, but exclude standard business-related legal fees. Restructuring charges relate to our streamlining actions, Operational Excellence Initiatives and migrating positions to Global Delivery Centers. Excluding these charges mentioned above permits investors to view expenses on a basis consistent with how management views the business.

The presentation of revenue growth on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. BNY Mellon believes that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

The presentation of income from consolidated investment management funds, net of net income attributable to noncontrolling interests related to the consolidation of certain investment management funds permits investors to view revenue on a basis consistent with how management views the business. BNY Mellon believes that these presentations, as a supplement to GAAP information, give investors a clearer picture of the results of its primary businesses.

In this Earnings Release, the net interest margin is presented on an FTE basis. We believe that this presentation provides comparability of amounts arising from both taxable and tax-exempt sources, and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income. Each of these measures as

Page - 25

BNY Mellon 2Q15 Earnings Release

described above is used by management to monitor financial performance, both on a company-wide and on a business-level basis.

The following table presents the reconciliation of the pre-tax operating margin ratio.

Reconciliation of income before income taxes – pre-tax operating margin
(dollars in millions)	2Q14			3Q14			4Q14			1Q15				2Q15
Income before income taxes – GAAP	$	811		$	1,662		$	164		$	1,090			$	1,165
Less: Net income attributable to noncontrolling interests of consolidated investment management funds	17			23			24			31				37
Gain on the sale of our investment in Wing Hang Bank	—			490			—			—				—
Gain on the sale of the One Wall Street building	—			346			—			—				—
Add: Amortization of intangible assets	75			75			73			66				65
M&I, litigation and restructuring charges	122			220			800			(3		)		59
Charge related to investment management funds, net of incentives	109			—			—			—				—
Income before income taxes, as adjusted – Non-GAAP (a)	$	1,100		$	1,098		$	1,013		$	1,122			$	1,252
Fee and other revenue – GAAP	$	2,980		$	3,851		$	2,935		$	3,012			$	3,067
Income from consolidated investment management funds – GAAP	46			39			42			52				40
Net interest revenue – GAAP	719			721			712			728				779
Total revenue – GAAP	3,745			4,611			3,689			3,792				3,886
Less: Net income attributable to noncontrolling interests of consolidated investment management funds	17			23			24			31				37
Gain on the sale of our investment in Wing Hang Bank	—			490			—			—				—
Gain on the sale of the One Wall Street building	—			346			—			—				—
Total revenue, as adjusted – Non-GAAP (a)	$	3,728		$	3,752		$	3,665		$	3,761			$	3,849
Pre-tax operating margin (b)	22		%	36		%	4		%	29		%	(c)	30		%	(c)
Pre-tax operating margin – Non-GAAP (a)(b)	30		%	29		%	28		%	30		%	(c)	33		%	(c)

(a) Non-GAAP excludes net income attributable to noncontrolling interests of consolidated investment management funds, the gains on the sales of our investment in Wing Hang Bank and the One Wall Street building, amortization of intangible assets, M&I, litigation and restructuring charges, and a charge related to investment management funds, net of incentives, if applicable.

(b) Income before taxes divided by total revenue.

(c) Our GAAP earnings include tax-advantaged investments such as low income housing, renewable energy, bank-owned life insurance and tax-exempt securities. The benefits of these investments are primarily reflected in tax expense. If reported on a tax-equivalent basis these investments would increase revenue and income before taxes by $64 million and $52 million for 1Q15 and 2Q15 and would increase our pre-tax operating margin by approximately 1.2% and 0.9%, respectively.

Page - 26

BNY Mellon 2Q15 Earnings Release

The following table presents the reconciliation of the returns on common equity and tangible common equity.

Return on common equity and tangible common equity
(dollars in millions)	2Q14			3Q14			4Q14			1Q15			2Q15
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	554		$	1,070		$	209		$	766		$	830
Add:  Amortization of intangible assets, net of tax	49			49			47			43			44
Net income applicable to common shareholders of The Bank of New York Mellon Corporation excluding amortization of intangible assets – Non-GAAP	603			1,119			256			809			874
Less: Gain on the sale of our investment in Wing Hang Bank	—			315			—			—			—
Gain on the sale of the One Wall Street building	—			204			—			—			—
Benefit primarily related to a tax carryback claim	—			—			150			—			—
Add: M&I, litigation and restructuring charges	76			183			608			(2		)	38
Charge related to investment management funds, net of incentives	85			—			—			—			—
Net income applicable to common shareholders of The Bank of New York Mellon Corporation, as adjusted – Non-GAAP (a)	$	764		$	783		$	714		$	807		$	912
Average common shareholders’ equity	$	36,565		$	36,751		$	36,859		$	35,486		$	35,516
Less: Average goodwill	18,149			18,109			17,924			17,756			17,752
Average intangible assets	4,354			4,274			4,174			4,088			4,031
Add: Deferred tax liability – tax deductible goodwill (b)	1,338			1,317			1,340			1,362			1,351
Deferred tax liability – intangible assets (b)	1,247			1,230			1,216			1,200			1,179
Average tangible common shareholders’ equity – Non-GAAP	$	16,647		$	16,915		$	17,317		$	16,204		$	16,263
Return on common equity – GAAP (c)	6.1		%	11.6		%	2.2		%	8.8		%	9.4		%
Return on common equity – Non-GAAP (a)(c)	8.4		%	8.5		%	7.7		%	9.2		%	10.3		%
Return on tangible common equity – Non-GAAP (a)(c)	14.5		%	26.2		%	5.9		%	20.3		%	21.5		%
Return on tangible common equity – Non-GAAP adjusted (a)(c)	18.4		%	18.4		%	16.3		%	20.2		%	22.5		%

(a) Non-GAAP excludes amortization of intangible assets, the gains on the sales of our investment in Wing Hang Bank and the One Wall Street building, the benefit primarily related to a tax carryback claim, M&I, litigation and restructuring charges, and a charge related to investment management funds, net of incentives, if applicable.

(b) Deferred tax liabilities are based on fully phased-in Basel III rules.

(c) Annualized.

Page - 27

BNY Mellon 2Q15 Earnings Release

The following table presents the reconciliation of the equity to assets ratio and book value per common share.

Equity to assets and book value per common share	June 30, 2014			Sept. 30, 2014			Dec. 31, 2014			March 31, 2015			June 30, 2015
(dollars in millions, unless otherwise noted)
BNY Mellon shareholders’ equity at period end – GAAP	$	38,326		$	38,451		$	37,441		$	37,328		$	38,270
Less: Preferred stock	1,562			1,562			1,562			1,562			2,552
BNY Mellon common shareholders’ equity at period end – GAAP	36,764			36,889			35,879			35,766			35,718
Less: Goodwill	18,196			17,992			17,869			17,663			17,807
Intangible assets	4,314			4,215			4,127			4,047			4,000
Add: Deferred tax liability – tax deductible goodwill (a)	1,338			1,317			1,340			1,362			1,351
Deferred tax liability – intangible assets (a)	1,247			1,230			1,216			1,200			1,179
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	16,839		$	17,229		$	16,439		$	16,618		$	16,441
Total assets at period end – GAAP	$	400,740		$	386,296		$	385,303		$	392,337		$	396,525
Less: Assets of consolidated investment management funds	10,428			9,562			9,282			1,681			2,231
Subtotal assets of operations – Non-GAAP	390,312			376,734			376,021			390,656			394,294
Less: Goodwill	18,196			17,992			17,869			17,663			17,807
Intangible assets	4,314			4,215			4,127			4,047			4,000
Cash on deposit with the Federal Reserve and other central banks (b)	104,916			90,978			99,901			93,044			107,899
Tangible total assets of operations at period end – Non-GAAP	$	262,886		$	263,549		$	254,124		$	275,902		$	264,588
BNY Mellon shareholders’ equity to total assets ratio – GAAP	9.6		%	10.0		%	9.7		%	9.5		%	9.7		%
BNY Mellon common shareholders’ equity to total assets ratio – GAAP	9.2		%	9.5		%	9.3		%	9.1		%	9.0		%
BNY Mellon tangible common shareholders’ equity to tangible assets of operations ratio – Non-GAAP	6.4		%	6.5		%	6.5		%	6.0		%	6.2		%
Period-end common shares outstanding (in thousands)	1,131,596			1,125,710			1,118,228			1,121,512			1,106,518
Book value per common share – GAAP	$	32.49		$	32.77		$	32.09		$	31.89		$	32.28
Tangible book value per common share – Non-GAAP	$	14.88		$	15.30		$	14.70		$	14.82		$	14.86

(a) Deferred tax liabilities are based on fully phased-in Basel III rules.

(b)    Assigned a zero percent risk-weighting by the regulators.

The following table presents income from consolidated investment management funds, net of noncontrolling interests.

Income from consolidated investment management funds, net of noncontrolling interests
(in millions)	2Q14		3Q14		4Q14		1Q15		2Q15
Income from consolidated investment management funds	$	46	$	39	$	42	$	52	$	40
Less: Net income attributable to noncontrolling interests of consolidated investment management funds	17		23		24		31		37
Income from consolidated investment management funds, net of noncontrolling interests	$	29	$	16	$	18	$	21	$	3

The following table presents the impact of changes in foreign currency exchange rates on our consolidated investment management and performance fees.

Investment management and performance fees - Consolidated						2Q15 vs.
(dollars in millions)	2Q14			2Q15		2Q14
Investment management and performance fees - GAAP	$	883		$	878	(1	)%
Impact of changes in foreign currency exchange rates	(45		)	—
Investment management and performance fees, as adjusted - Non-GAAP	$	838		$	878	5	%

Page - 28

BNY Mellon 2Q15 Earnings Release

The following table presents the revenue line items in the Investment Management business impacted by the consolidated investment management funds.

Income from consolidated investment management funds, net of noncontrolling interests - Investment Management business
(in millions)	2Q14		3Q14		4Q14		1Q15		2Q15
Investment management fees	$	18	$	15	$	15	$	1	$	4
Other (Investment income)	11		1		3		20		(1		)
Income from consolidated investment management funds, net of noncontrolling interests	$	29	$	16	$	18	$	21	$	3

The following table presents the impact of changes in foreign currency exchange rates on investment management fees reported in the Investment Management segment.

Investment management fees - Investment Management business						2Q15 vs.
(dollars in millions)	2Q14			2Q15		2Q14
Investment management fees – GAAP	$	852		$	844	(1	)%
Impact of changes in foreign currency exchange rates	(45		)	—
Investment management fees, as adjusted – Non-GAAP	$	807		$	844	5	%

The following table presents the reconciliation of the pre-tax operating margin for the Investment Management business.

Pre-tax operating margin - Investment Management business
(dollars in millions)	2Q14			3Q14			4Q14			1Q15			2Q15
Income before income taxes – GAAP	$	171		$	245		$	239		$	264		$	265
Add: Amortization of intangible assets	31			31			30			25			25
Money market fee waivers	28			29			34			34			29
Charge related to investment management funds, net of incentives	109			—			—			—			—
Income before income taxes excluding amortization of intangible assets, money market fee waivers and the charge related to investment management funds, net of incentives – Non-GAAP	$	339		$	305		$	303		$	323		$	319
Total revenue – GAAP	$	1,036		$	1,003		$	998		$	1,010		$	1,004
Less: Distribution and servicing expense	111			105			102			97			95
Money market fee waivers benefiting distribution and servicing expense	37			38			36			38			37
Add: Money market fee waivers impacting total revenue	65			67			70			72			66
Total revenue net of distribution and servicing expense and excluding money market fee waivers – Non-GAAP	$	953		$	927		$	930		$	947		$	938
Pre-tax operating margin (a)	16		%	24		%	24		%	26		%	26		%
Pre-tax operating margin excluding amortization of intangible assets, money market fee waivers, the charge related to investment management funds, net of incentives and net of distribution and servicing expense – Non-GAAP (a)	36		%	33		%	32		%	34		%	34		%

(a)    Income before taxes divided by total revenue.

Page - 29

BNY Mellon 2Q15 Earnings Release

DIVIDENDS

Common – On July 21, 2015, The Bank of New York Mellon Corporation declared a quarterly common stock dividend of $0.17 per common share. This cash dividend is payable on Aug. 13, 2015 to shareholders of record as of the close of business on Aug. 3, 2015.

Preferred – On July 21, 2015, The Bank of New York Mellon Corporation also declared the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in Sept. 2015, in each case payable on Sept. 21, 2015 to holders of record as of the close of business on Sept. 5, 2015:

• $1,011.11 per share on the Series A Preferred Stock (equivalent to $10.1111 per Normal Preferred Capital Security of Mellon Capital IV, each representing 1/100th interest in a share of Series A Preferred Stock); and

• $1,300.00 per share on the Series C Preferred Stock (equivalent to $0.3250 per depositary share, each representing a 1/4,000th interest in a share of the Series C Preferred Stock).

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

CAUTIONARY STATEMENT

A number of statements (i) in this Earnings Release, (ii) in our presentations and (iii) in the responses to questions on our conference call discussing our quarterly results and other public events may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including our estimated capital ratios and expectations relating to those ratios, preliminary business metrics and statements regarding our capital plans; strategic priorities; initiatives in Investment Services and Investment Management; and our business improvement process. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as “estimate”, “forecast”, “project”, “anticipate”, “target”, “expect”, “intend”, “continue”, “seek”, “believe”, “plan”, “goal”, “could”, “should”, “may”, “will”, “strategy”, “opportunities”, “trends” and words of similar meaning signify forward-looking statements. These statements and other forward-looking statements contained in other public disclosures of The Bank of New York Mellon Corporation which make reference to the cautionary factors described in this Earnings Release are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon’s control). Actual results may differ materially from those expressed or implied as a result of these risks and uncertainties, including, but not limited to, the risk factors and other uncertainties set forth in BNY Mellon’s Annual Report on Form 10-K for the year ended Dec. 31, 2014 and BNY Mellon’s other filings with the Securities and Exchange Commission. All forward-looking statements in this Earnings Release speak only as of July 21, 2015, and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.

Page - 30

EX-99.2

The Bank of New York Mellon Corporation

Quarterly Financial Trends

July 21, 2015

Table of Contents
Consolidated Results	Page(s)
Consolidated Corporate Earnings - Quarterly Trend	3
Fee and Other Revenue	4
Average Balances and Interest Rates	5-6
Noninterest Expense	7
Assets Under Management, Custody and/or Administration and Securities Lending; Key Market Metrics	8
Assets Under Management Net Flows	9
Business Segment Results
Investment Management Business - Quarterly Trend	10
Investment Services Business - Quarterly Trend	11
Other Segment - Quarterly Trend	12
Full Year Trends	13
Nonperforming Assets	14
Allowance for Credit Losses, Provision and Net Charge-offs	15
Notes	16

THE BANK OF NEW YORK MELLON CORPORATION - CONSOLIDATED CORPORATE EARNINGS - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Investment services fees
Asset servicing	$	969		$	988		$	964		$	984		$	1,009		$	1,022		$	1,025		$	1,019		$	1,038		$	1,060
Issuer services	237			294			322			237			229			231			315			193			232			234
Clearing services	304			321			315			324			325			326			337			347			344			347
Treasury services	141			139			137			137			136			141			142			145			137			144
Total investment services fees	1,651			1,742			1,738			1,682			1,699			1,720			1,819			1,704			1,751			1,785
Investment management and performance fees (a)	822			848			821			904			843			883			881			885			867			878
Foreign exchange & other trading revenue	161			207			160			146			136			130			153			151			229			187
Distribution and servicing	49			45			43			43			43			43			44			43			41			39
Financing-related fees	41			44			44			43			38			44			44			43			40			58
Investment and other income (a)(b)	88			285			151			(43		)	102			142			890			78			60			104
Total fee revenue (a)(b)	2,812			3,171			2,957			2,775			2,861			2,962			3,831			2,904			2,988			3,051
Net securities gains (losses)	48			32			22			39			22			18			20			31			24			16
Total fee and other revenue (a)(b)	2,860			3,203			2,979			2,814			2,883			2,980			3,851			2,935			3,012			3,067
Income (loss) of consolidated investment management funds (a)	50			65			32			36			36			46			39			42			52			40
Net interest revenue	719			757			772			761			728			719			721			712			728			779
Total revenue (a)(b)	3,629			4,025			3,783			3,611			3,647			3,745			4,611			3,689			3,792			3,886
Provision for credit losses	(24		)	(19		)	2			6			(18		)	(12		)	(19		)	1			2			(6		)
Noninterest expenses	2,703			2,716			2,682			2,793			2,676			2,749			2,673			2,651			2,637			2,603
Amortization of intangible assets	86			93			81			82			75			75			75			73			66			65
Merger & integration, litigation and restructuring charges	39			13			16			2			(12		)	122			220			800			(3		)	59
Total noninterest expense	2,828			2,822			2,779			2,877			2,739			2,946			2,968			3,524			2,700			2,727
Income (loss) from continuing operations before taxes (b)	825			1,222			1,002			728			926			811			1,662			164			1,090			1,165
Provision for income taxes (b)	1,062			339			19			172			232			217			556			(93		)	280			276
Net income (loss) from continuing operations (b)	(237		)	883			983			556			694			594			1,106			257			810			889
Net income (loss) attributable to noncontrolling interest (a)(c)	(16		)	(40		)	(8		)	(17		)	(20		)	(17		)	(23		)	(24		)	(31		)	(36		)
Preferred stock dividends	(13		)	(12		)	(13		)	(26		)	(13		)	(23		)	(13		)	(24		)	(13		)	(23		)
Net income (loss) applicable to common shareholders of The Bank of New York Mellon Corporation (b)	(266		)	831			962			513			661			554			1,070			$	209		$	766		830
Earnings per share (b)(d)	$	(0.23	)	$	0.71		$	0.82		$	0.44		$	0.57		$	0.48		$	0.93		$	0.18		$	0.67		$	0.73
Pre-tax operating margin - GAAP (a)	23		%	30		%	26		%	20		%	25		%	22		%	36		%	4		%	29		%	30		%
Non-GAAP (a)(e)	27		%	28		%	29		%	26		%	27		%	30		%	29		%	28		%	30		%	33		%
Return on common equity (annualized) - GAAP	N/M			9.7		%	11.1		%	5.7		%	7.4		%	6.1		%	11.6		%	2.2		%	8.8		%	9.4		%
Return on tangible common equity (annualized) - Non-GAAP	N/M			25.0		%	28.3		%	14.3		%	17.6		%	14.5		%	26.2		%	5.9		%	20.3		%	21.5		%
Percent of non-US total revenue (f)	35		%	36		%	38		%	39		%	37		%	38		%	43		%	35		%	36		%	36		%
(a) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). For additional information, see page 24 of the Quarterly Earnings Release dated July 21, 2015, for the second quarter of 2015 (the "Quarterly Earnings Release"), furnished as an exhibit to the Current Report on Form 8-K to which these Quarterly Financial Trends are furnished as an exhibit.
(b) In the 1st quarter 2014, prior periods were restated to reflect the retrospective application of adopting new accounting guidance related to our investments in qualified affordable housing projects (ASU 2014-01).
(c) Primarily attributable to noncontrolling interests related to consolidated investment management funds.
(d) The 1st quarter 2013 includes a $0.73 charge related to the disallowance of certain foreign tax credits. The 2nd quarter 2013 includes a $0.09 gain related to an equity investment. The 3rd quarter 2013 includes a $0.22 benefit related to the U.S. Tax Court's partial reconsideration of a tax decision disallowing certain foreign tax credits. The 4th quarter 2013 includes a $0.10 loss related to an equity investment. The 2nd quarter 2014 includes a $0.14 charge related to severance and certain investment management funds. The 3rd quarter 2014 includes a $0.27 gain related to the sale of an investment in Wing Hang Bank, $0.18 related to a gain on the sale of the One Wall Street building and a $0.16 charge related to litigation and restructuring. The 4th quarter 2014 includes a $0.13 benefit primarily related to a tax carryback claim, and a $0.53 charge related to litigation and restructuring. The 2nd quarter 2015 includes a $0.03 charge related to litigation and restructuring.
(e) Non-GAAP excludes gain (loss) related to equity investment, net income attributable to noncontrolling interests of consolidated investment management funds, the gains on the sales of our investment in Wing Hang Bank and the One Wall Street building, M&I, litigation and restructuring charges, a charge (recovery) related to investment management funds, net of incentives, amortization of intangible assets, and the benefit primarily related to a tax carryback claim, if applicable. See "Supplemental information - Explanation of GAAP and Non-GAAP financial measures" beginning on page 25 of the Quarterly Earnings Release.
(f) Includes fee revenue, net interest revenue and income from consolidated investment management funds, net of net income attributable to noncontrolling interests.
Note: See pages 4 through 7 for additional details of revenue/expense items impacting consolidated results.
N/M - Not meaningful

3

THE BANK OF NEW YORK MELLON CORPORATION

FEE AND OTHER REVENUE - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Investment services fees:
Asset servicing	$	930		$	938		$	929		$	953		$	971		$	976		$	988		$	982		$	995		$	1,011
Securities lending	39			50			35			31			38			46			37			37			43			49
Issuer services	237			294			322			237			229			231			315			193			232			234
Clearing services	304			321			315			324			325			326			337			347			344			347
Treasury services	141			139			137			137			136			141			142			145			137			144
Total investment services fees	1,651			1,742			1,738			1,682			1,699			1,720			1,819			1,704			1,751			1,785
Investment management and performance fees (a)	822			848			821			904			843			883			881			885			867			878
Foreign exchange and other trading revenue	161			207			160			146			136			130			153			151			229			187
Distribution and servicing	49			45			43			43			43			43			44			43			41			39
Financing-related fees	41			44			44			43			38			44			44			43			40			58
Investment and other income (a)	88			285			151			(43		)	102			142			890			78			60			104
Total fee revenue (a)	$	2,812		$	3,171		$	2,957		$	2,775		$	2,861		$	2,962		$	3,831		2,904			2,988			3,051
Net securities gains	48			32			22			39			22			18			20			31			24			16
Total fee and other revenue (a)	$	2,860		$	3,203		$	2,979		$	2,814		$	2,883		$	2,980		$	3,851		$	2,935		$	3,012		$	3,067
Fee revenue as a percentage of total revenue - excluding net securities gains	79		%	79		%	79		%	78		%	79		%	79		%	83		%	79		%	79		%	79		%
(a)    The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 of the Quarterly Earnings Release for additional information.

4

THE BANK OF NEW YORK MELLON CORPORATION

Average Balances and Interest Rates

	2013																				2014
(dollar amounts in millions)	March 31					June 30					September 30					December 31					March 31
	Average balance			Average rate		Average balance			Average rate		Average balance			Average rate		Average balance			Average rate		Average balance			Average rate
Assets
Interest-earning assets:
Interest-bearing deposits with banks (primarily foreign)	$	40,967		0.70	%	$	42,772		0.64	%	$	41,597		0.66	%	$	39,563		0.71	%	$	41,617		0.71	%
Interest-bearing deposits with Federal Reserve & other central banks	63,240			0.20		55,911			0.22		65,704			0.23		83,232			0.23		74,399			0.25
Federal funds sold and securities purchased under resale agreements	7,478			0.54		7,878			0.52		8,864			0.56		9,403			0.61		11,118			0.61
Margin loans	13,346			1.17		13,906			1.14		14,653			1.10		15,224			1.08		15,840			1.07
Non-margin loans:
Domestic offices	21,358			2.38		21,689			2.40		21,378			2.40		22,538			2.28		22,002			2.31
Foreign offices	11,575			1.36		12,318			1.32		12,225			1.31		13,006			1.22		13,805			1.26
Total non-margin loans	32,933			2.02		34,007			2.01		33,603			2.01		35,544			1.89		35,807			1.90
Securities
U.S. government obligations	18,814			1.54		19,887			1.62		16,540			1.76		13,418			1.96		17,213			1.61
U.S. government agency obligations	42,397			1.85		47,631			1.80		45,745			2.02		43,465			2.00		42,710			1.87
Obligations of states and political subdivisions	6,194			2.38		6,377			2.26		6,518			2.47		6,757			2.76		6,691			2.50
Other securities	34,507			2.03		33,243			1.93		32,403			1.92		33,000			1.78		33,920			1.64
Trading securities	5,878			2.40		6,869			2.33		5,523			2.83		6,173			2.82		5,217			2.60
Total securities	107,790			1.91		114,007			1.86		106,729			2.02		102,813			1.97		105,751			1.83
Total interest-earning assets	265,754			1.26		268,481			1.27		271,150			1.28		285,779			1.21		284,532			1.17
Allowance for loan losses	(264		)			(237		)			(212		)			(207		)			(210		)
Cash and due from banks	4,534					5,060					6,400					6,623					5,886
Other assets	52,137					52,627					52,549					52,434					53,430
Total Asset Consol VIE FAS 167	11,503					11,524					11,863					11,506					11,354
Total Assets	$	333,664				$	337,455				$	341,750				$	356,135				$	354,992
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts and demand deposit accounts	$	8,778		0.19	%	$	8,183		0.22	%	$	8,626		0.16	%	$	11,042		0.12	%	$	9,333		0.11	%
Savings	819			0.29		897			0.24		1,015			0.25		993			0.25		1,034			0.25
Other time deposits	39,091			0.05		41,706			0.04		41,546			0.04		41,523			0.04		41,544			0.04
Foreign offices	99,040			0.08		100,433			0.07		102,360			0.07		103,462			0.06		101,075			0.06
Total interest-bearing deposits	147,728			0.08		151,219			0.07		153,547			0.06		157,020			0.06		152,986			0.06
Federal funds purchased and securities sold under repurchase agreements	9,187			(0.12	)	9,206			(0.28	)	12,164			(0.12	)	13,155			(0.10	)	14,505			(0.13	)
Trading Liabilities	2,552			1.35		3,036			1.40		2,325			1.69		2,534			1.42		1,978			1.59
Other borrowed funds	1,397			0.76		1,443			0.19		2,233			0.19		2,378			0.42		1,137			0.47
Payables to customers and broker-dealers	9,019			0.09		9,073			0.08		8,659			0.09		9,400			0.09		8,883			0.09
Long-term debt	18,878			1.18		19,002			0.94		19,025			1.00		19,501			1.05		20,420			1.09
Total interest-bearing liabilities	188,761			0.20		192,979			0.16		197,953			0.16		203,988			0.17		199,909			0.17
Total noninterest-bearing deposits	70,337					70,648					72,075					79,999					81,430
Other liabilities	27,416					26,779					24,380					23,546					24,608
VIE Liabilities & Obligations FAS 167	10,186					10,242					10,466					10,283					10,128
Total Shareholders' Equity	35,966					35,817					35,826					37,260					37,851
Noncontrolling interest	998					990					1,050					1,059					1,066
Total liabilities and shareholders' equity	$	333,664				$	337,455				$	341,750				$	356,135				$	354,992
Net interest margin - Taxable equivalent basis				1.11	%				1.15	%				1.16	%				1.09	%				1.05	%

Note: Interest and average rates were calculated on a taxable equivalent basis, at tax rates of approximately 35%, using dollar amounts in thousands and the actual number of days in the year.

5

THE BANK OF NEW YORK MELLON CORPORATION

Average Balances and Interest Rates (continued)

.

	2014															2015
(dollar amounts in millions)	June 30					September 30					December 31					March 31					June 30
	Average balance			Average rate		Average balance			Average rate		Average balance			Average rate		Average balance			Average rate		Average balance			Average rate
Assets
Interest-earning assets:
Interest-bearing deposits with banks (primarily foreign)	$	41,424		0.74	%	$	34,882		0.66	%	$	24,623		0.49	%	$	22,071		0.56	%	$	20,235		0.56	%
Interest-bearing deposits with Federal Reserve & other central banks	85,546			0.26		88,713			0.23		97,440			0.22		81,160			0.23		81,860			0.21
Federal funds sold and securities purchased under resale agreements	13,387			0.58		15,683			0.61		18,536			0.56		20,416			0.59		23,545			0.61
Margin loans	17,050			1.05		18,108			1.04		18,897			1.01		20,051			1.00		20,467			1.01
Non-margin loans:
Domestic offices	22,566			2.30		23,826			2.20		25,103			2.20		25,256			2.14		26,716			2.06
Foreign offices	13,833			1.34		12,901			1.30		12,844			1.21		12,628			1.24		13,893			1.19
Total non-margin loans	36,399			1.94		36,727			1.88		37,947			1.86		37,884			1.84		40,609			1.77
Securities
U.S. government obligations	17,462			1.63		23,067			1.38		24,331			1.48		27,454			1.38		28,331			1.42
U.S. government agency obligations	43,167			1.67		46,186			1.67		49,106			1.70		52,744			1.68		56,332			1.77
Obligations of states and political subdivisions	6,473			2.58		5,830			2.54		5,305			2.61		5,213			2.64		5,021			2.67
Other securities	34,318			1.55		36,972			1.37		38,501			1.23		38,065			1.33		38,957			1.24
Trading securities	5,532			2.19		5,435			2.36		3,922			2.64		3,046			2.46		3,253			2.63
Total securities	106,952			1.71		117,490			1.59		121,165			1.58		126,522			1.57		131,894			1.59
Total interest-earning assets	300,758			1.10		311,603			1.05		318,608			1.02		308,104			1.07		318,610			1.08
Allowance for loan losses	(197		)			(187		)			(186		)			(191		)			(190		)
Cash and due from banks	5,064					6,225					4,715					6,204					6,785
Other assets (a)	52,182					52,526					52,472					51,966					50,808
Total Asset Consol VIE FAS 167 (a)	11,405					10,242					9,623					2,328					2,280
Total Assets (a)	$	369,212				$	380,409				$	385,232				$	368,411				$	378,293
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts and demand deposit accounts	$	7,583		0.13	%	7,886			0.14	%	8,869			0.12	%	10,021			0.12	%	10,322			0.13	%
Savings	1,185			0.27		1,258			0.28		1,262			0.30		1,429			0.30		1,326			0.27
Other time deposits	42,824			0.04		41,248			0.04		41,507			0.04		43,259			0.04		46,807			0.03
Foreign offices	111,082			0.06		113,841			0.05		111,511			0.02		104,811			0.03		112,275			—
Total interest-bearing deposits	162,674			0.06		164,233			0.06		163,149			0.03		159,520			0.04		170,730			0.02
Federal funds purchased and securities sold under repurchase agreements	19,030			(0.05	)	20,620			(0.07	)	20,285			(0.05	)	13,877			(0.09	)	16,732			(0.02	)
Trading Liabilities	2,993			0.97		2,806			0.84		1,024			1.44		795			1.07		632			1.84
Other borrowed funds	3,242			0.23		4,587			0.15		5,270			0.25		2,108			0.50		3,795			0.37
Payables to customers and broker-dealers	8,916			0.09		9,705			0.10		10,484			0.08		10,932			0.07		11,234			0.07
Long-term debt	20,361			1.16		20,429			1.12		21,187			1.27		20,199			1.21		20,625			0.99
Total interest-bearing liabilities	217,216			0.17		222,380			0.16		$	221,399		0.16	%	$	207,431		0.15		$	223,748		0.12
Total noninterest-bearing deposits	77,820					82,334					85,330					89,592					84,890
Other liabilities	24,854					27,369					30,743					32,341					29,840
VIE Liabilities & Obligations FAS 167 (a)	10,180					8,879					8,101					1,004					857
Total Shareholders' Equity	38,127					38,313					38,421					37,048					37,829
Noncontrolling interest (a)	1,015					1,134					1,238					995					1,129
Total liabilities and shareholders' equity (a)	$	369,212				$	380,409				$	385,232				$	368,411				$	378,293
Net interest margin - Taxable equivalent basis				0.98	%				0.94	%				0.91	%				0.97	%				1.00	%
(a) The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). For additional information, see page 24 of the Quarterly Earnings Release dated July 21, 2015, for the second quarter of 2015 (the "Quarterly Earnings Release"), furnished as an exhibit to the Current Report on Form 8-K to which these Quarterly Financial Trends are furnished as an exhibit.

Note: Interest and average rates were calculated on a taxable equivalent basis, at tax rates of approximately 35%, using dollar amounts in thousands and the actual number of days in the year.

6

THE BANK OF NEW YORK MELLON CORPORATION

NONINTEREST EXPENSE - 10 Quarter Trend

	2013								2014									2015
(dollar amounts in millions)	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		1st Qtr			2nd Qtr		3rd Qtr		4th Qtr		1st Qtr			2nd Qtr
Staff:
Compensation	$	885	$	891	$	915	$	929	$	925		$	903	$	909	$	893	$	871		$	877
Incentives	338		364		339		343		359			313		340		319		425			349
Employee benefits	249		254		262		250		227			223		228		206		189			208
Total staff	1,472		1,509		1,516		1,522		1,511			1,439		1,477		1,418		1,485			1,434
Professional, legal and other purchased services	295		317		296		344		312			314		323		390		302			299
Software and equipment	228		238		226		241		237			236		234		235		228			228
Net occupancy	163		159		153		154		154			152		154		150		151			149
Distribution and servicing	106		111		108		110		107			112		107		102		98			96
Business development	68		90		63		96		64			68		61		75		61			72
Sub-custodian	64		77		71		68		68			81		67		70		70			75
Other	307		215		249		258		223			347		250		211		242			250
Amortization of intangible assets	86		93		81		82		75			75		75		73		66			65
Merger & integration, litigation and restructuring charges	39		13		16		2		(12		)	122		220		800		(3		)	59
Total noninterest expense	$	2,828	$	2,822	$	2,779	$	2,877	$	2,739		$	2,946	$	2,968	$	3,524	$	2,700		$	2,727
Memo:
Total noninterest expense excluding M&I, litigation, restructuring, amortization of intangible assets and the charge (recovery) related to investment management funds, net of incentives - Non-GAAP	$	2,664	$	2,743	$	2,682	$	2,793	$	2,681		$	2,640	$	2,673	$	2,651	$	2,637		$	2,603
Full-time employees at period-end	49,700		49,800		50,800		51,100		51,400			51,100		50,900		50,300		50,500			50,700

7

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT, CUSTODY AND/OR ADMINISTRATION AND SECURITIES LENDING - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in billions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Assets under management at period-end: (a)
Institutional	$	939		$	968		$	1,041		$	1,072		$	1,118		$	1,109		$	1,131		$	1,187		$	1,210		$	1,185
Mutual Funds	405			378			407			425			415			440			430			438			445			454
Private Client	79			81			84			86			87			87			85			85			86			85
Assets under management	$	1,423		$	1,427		$	1,532		$	1,583		$	1,620		$	1,636		$	1,646		$	1,710		$	1,741		$	1,724		(b)
AUM at period-end, by product type: (a)
Equity	17		%	17		%	17		%	17		%	17		%	17		%	16		%	16		%	15		%	15		%
Fixed income	15			15			14			14			14			14			13			13			13			13
Index	19			20			20			20			20			21			21			21			22			21
Liability-driven investments (c)	25			25			26			26			27			27			28			29			29			30
Alternative investments	4			4			4			4			4			4			4			4			4			4
Cash	20			19			19			19			18			17			18			17			17			17
Total AUM	100		%	100		%	100		%	100		%	100		%	100		%	100		%	100		%	100		%	100		%	(b)
Assets under custody and/or administration at period-end (in trillions) (d)	$	26.3		$	26.2		$	27.4		$	27.6		$	27.9		$	28.5		$	28.3		$	28.5		$	28.5		$	28.6		(b)
Market value of securities on loan at period-end (e)	$	244		$	255		$	255		$	235		$	264		$	280		$	282		$	289		$	291		$	283
Key Market Metrics
S&P 500 Index (f)	1569			1606			1682			1848			1872			1960			1972			2059			2068			2063
S&P 500 Index - daily average	1514			1609			1675			1769			1835			1900			1976			2009			2064			2102
FTSE 100 Index (f)	6412			6215			6462			6749			6598			6744			6623			6566			6773			6521
FTSE 100 Index-daily average	6300			6438			6530			6612			6680			6764			6756			6526			6793			6920
MSCI World Index (f)	1435			1434			1544			1661			1674			1743			1698			1710			1741			1736
MSCI World Index-daily average	1405			1463			1511			1602			1647			1698			1733			1695			1726			1780
Barclays Capital Global Aggregate BondSM Index (f)(g)	356			343			356			354			365			376			361			357			348			342
NYSE & NASDAQ Share Volume (in billions)	174			186			166			179			196			187			173			198			187			185
JP Morgan G7 Volatility Index - daily average (h)	9.02			9.84			9.72			8.20			7.80			6.22			6.21			8.54			10.40			10.06
Average Fed Funds effective rate	0.14		%	0.12		%	0.09		%	0.09		%	0.07		%	0.09		%	0.09		%	0.10		%	0.11		%	0.13		%
Foreign exchange rates vs. U.S. dollar:
British pound - average rate	$1.55			$1.54			$1.55			$1.62			$1.66			$1.68			$1.67			$1.58			$1.51			$1.53
Euro - average rate	1.32			1.31			1.32			1.36			1.37			1.37			1.33			1.25			1.13			1.11
(a) Excludes securities lending cash management assets and assets managed in the Investment Services business. Also excludes assets under management related to Newton's private client business that was sold in September 2013.
(b) Preliminary.
(c) Includes currency overlay assets under management.
(d) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.2 trillion at March 31, 2013, $1.1 trillion at June 30, 2013, $1.2 trillion at Sept. 30, 2013, Dec. 31, 2013, March 31, 2014, June 30, 2014 and Sept. 30, 2014, and $1.1 trillion at Dec. 31, 2014, March 31, 2015, and June 30, 2015.
(e) Represents the total amount of securities on loan managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent, beginning in the fourth quarter of 2013, on behalf of CIBC Mellon clients, which totaled $62 billion at Dec. 31, 2013, $66 billion at March 31, 2014, $64 billion at June 30, 2014, $65 billion at Sept. 30, 2014 and Dec. 31, 2014, $69 billion at March 31, 2015, and $68 billion at June 30, 2015.
(f) Period end.
(g) Unhedged in U.S. dollar terms.
(h) The JP Morgan G7 Volatility Index is based on the implied volatility in 3-month currency options.

8

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in billions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Assets under management at beginning of period (a)	$	1,380		$	1,423		$	1,427		$	1,532		$	1,583		$	1,620		1,636			$	1,646		$	1,710		$	1,741
Net inflows (outflows):
Long-term:
Equity	1			1			3			(5		)	(1		)	(4		)	(2		)	(4		)	(6		)	(12		)
Fixed income	5			2			(1		)	5			—			(1		)	—			4			4			(2		)
Index	12			8			2			(3		)	—			7			(3		)	1			8			(9		)
Liability-driven investments (b)	22			11			27			4			20			(17		)	18			24			8			5
Alternative investments	—			(1		)	1			1			2			2			—			2			2			3
Total long-term inflows (outflows)	40			21			32			2			21			(13		)	13			27			16			(15		)
Short-term:
Cash	(13		)	(1		)	13			6			(7		)	(18		)	19			5			1			(11		)
Total net inflows (outflows)	27			20			45			8			14			(31		)	32			32			17			(26		)
Net market / currency impact / acquisition	16			(16		)	60			43			23			47			(22		)	32			14			9
Assets under management at end of period (a)	$	1,423		$	1,427		$	1,532		$	1,583		$	1,620		$	1,636		$	1,646		$	1,710		$	1,741		$	1,724		(c)
(a) Excludes securities lending cash management assets and assets managed in the Investment Services business. Also excludes assets under management related to Newton's private client business that was sold in September 2013.
(b) Includes currency overlay assets under management.
(c) Preliminary.

9

THE BANK OF NEW YORK MELLON CORPORATION

INVESTMENT MANAGEMENT BUSINESS - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Investment management fees:
Mutual funds	$	299		$	299		$	293		$	303		$	299		$	311		$	315		$	306		$	301		$	307
Institutional clients	360			366			367			385			372			385			382			375			376			376
Wealth management	143			146			145			149			153			156			158			157			158			161
Total investment management fees	802			811			805			837			824			852			855			838			835			844
Performance fees	15			33			10			72			20			29			22			44			15			20
Investment management and performance fees	817			844			815			909			844			881			877			882			850			864
Distribution and servicing	46			44			41			41			40			41			41			40			39			37
Other (a)	18			24			26			43			16			48			16			7			47			25
Total fee and other revenue (a)	881			912			882			993			900			970			934			929			936			926
Net interest revenue	62			63			67			68			70			66			69			69			74			78
Total revenue	943			975			949			1,061			970			1,036			1,003			998			1,010			1,004
Noninterest expense (ex. intangible amortization and the charge (recovery) related to investment management funds, net of incentives)	659			692			689			760			698			725			727			729			721			714
Income before taxes (ex. intangible amortization and the charge (recovery) related to investment management funds)	284			283			260			301			272			311			276			269			289			290
Charge (recovery) related to investment management funds, net of incentives	39			(27		)	—			—			(5		)	109			—			—			—			—
Amortization of intangible assets	39			39			35			35			31			31			31			30			25			25
Income before taxes	$	206		$	271		$	225		$	266		$	246		$	171		$	245		$	239		$	264		$	265
Average assets	$	38,743		$	37,953		$	38,690		$	38,796		$	39,463		$	37,750		$	36,670		$	37,286		$	31,017		$	30,512
Assets under management at period-end (in billions) (b)	$	1,423		$	1,427		$	1,532		$	1,583		$	1,620		$	1,636		$	1,646		$	1,710		$	1,741		$	1,724		(c)
Pre-tax operating margin	22		%	28		%	24		%	25		%	25		%	16		%	24		%	24		%	26		%	26		%
Adjusted pre-tax operating margin (d)	35		%	34		%	33		%	34		%	34		%	36		%	33		%	32		%	34		%	34		%
(a) Total fee and other revenue includes the impact of the consolidated investment management funds. See "Supplemental information - Explanation of GAAP and Non-GAAP financial measures" beginning on page 25 of the Quarterly Earnings Release for the reconciliation of Non-GAAP measures. Additionally, other revenue includes asset servicing, treasury services, foreign exchange and other trading revenue and investment and other income.
(b) Excludes securities lending cash management assets and assets managed in the Investment Services business. Also excludes assets under management related to Newton's private client business that was sold in September 2013.
(c) Preliminary.
(d) Excludes the net negative impact of money market fee waivers, amortization of intangible assets and the charge (recovery) related to investment management funds net of incentives, and is net of distribution and servicing expense. See "Supplemental information - Explanation of GAAP and Non-GAAP financial measures" beginning on page 25 of the Quarterly Earnings Release for the reconciliation of Non-GAAP measures.

10

THE BANK OF NEW YORK MELLON CORPORATION

INVESTMENT SERVICES BUSINESS - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Investment services fees
Asset servicing fees - ex. securities lending	$	912		$	922		$	913		$	936		$	955		$	958		$	971		$	964		$	979		$	995
Securities lending revenue	31			39			26			21			30			35			27			28			34			40
Issuer services	236			294			321			236			228			231			314			193			231			234
Clearing services	302			320			314			322			323			324			336			346			342			346
Treasury services	137			135			135			137			134			140			139			142			135			141
Total investment services fees	1,618			1,710			1,709			1,652			1,670			1,688			1,787			1,673			1,721			1,756
Foreign Exchange and other trading revenue	173			193			177			150			158			145			159			165			209			179
Other (a)	70			67			63			58			59			87			59			69			63			85
Total fee and other revenue	1,861			1,970			1,949			1,860			1,887			1,920			2,005			1,907			1,993			2,020
Net interest revenue	653			633			619			610			590			593			583			574			600			635
Total revenue	2,514			2,603			2,568			2,470			2,477			2,513			2,588			2,481			2,593			2,655
Provision for credit losses	1			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)	1,796			1,825			1,765			1,822			1,778			1,824			1,835			2,512			1,797			1,841
Income before taxes (ex. intangible amortization)	717			778			803			648			699			689			753			(31		)	796			814
Amortization of intangible assets	47			54			46			47			44			44			44			43			41			40
Income before taxes	$	670		$	724		$	757		$	601		$	655		$	645		$	709		$	(74	)	$	755		$	774
Average loans	$	26,697		$	27,814		$	27,865		$	31,211		$	31,468		$	33,115		$	33,785		$	35,448		$	37,699		$	38,264
Average assets	$	240,187		$	244,802		$	246,252		$	258,294		$	258,470		$	264,221		$	266,455		$	276,586		$	284,978		$	290,102
Average deposits	$	200,222		$	204,499		$	206,068		$	216,216		$	214,947		$	220,701		$	221,734		$	228,282		$	234,183		$	237,193
Pre-tax operating margin	27		%	28		%	29		%	24		%	26		%	26		%	27		%	(3		)%	29		%	29		%
Pre-tax operating margin (ex. intangible amortization)	29		%	30		%	31		%	26		%	28		%	27		%	29		%	(1		)%	31		%	31		%
Investment services fees as a percentage of noninterest expense (b)	92		%	94		%	97		%	90		%	93		%	93		%	100		%	92		%	96		%	98		%
Assets under custody and/or administration at period-end (in trillions) (c)	$	26.3		$	26.2		$	27.4		$	27.6		$	27.9		$	28.5		$	28.3		$	28.5		$	28.5		$	28.6		(d)
Market value of securities on loan at period-end (in billions) (e)	$	244		$	255		$	255		$	235		$	264		$	280		$	282		$	289		$	291		$	283
(a) Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue, and investment and other income.
(b) Noninterest expense excludes amortization of intangible assets and litigation expense.
(c) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.2 trillion at March 31, 2013, $1.1 trillion at June 30, 2013, $1.2 trillion at Sept. 30, 2013, Dec. 31, 2013, March 31, 2014, June 30, 2014 and Sept. 30, 2014, and $1.1 trillion at Dec. 31, 2014, March 31, 2015, and June 30, 2015.
(d) Preliminary.
(e) Represents the total amount of securities on loan managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent, beginning in the fourth quarter of 2013, on behalf of CIBC Mellon clients, which totaled $62 billion at Dec. 31, 2013, $66 billion at March 31, 2014, $64 billion at June 30, 2014, $65 billion at Sept. 30, 2014 and Dec. 31, 2014, $69 billion at March 31, 2015, and $68 billion at June 30, 2015.

11

THE BANK OF NEW YORK MELLON

OTHER SEGMENT- 10 Quarter Trend

	2013 (a)											2014												2015
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr		4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Fee and other revenue (a)	$	152		$	347		$	172	$	(20	)	$	112		$	119		$	928		$	117		$	104		$	124
Net interest revenue	4			61			86		83			68			60			69			69			54			66
Total revenue (a)	156			408			258		63			180			179			997			186			158			190
Provision for credit loss	(25		)	(19		)	2		6			(18		)	(12		)	(19		)	1			2			(6		)
Noninterest expense (ex. M&I and restructuring charges)	243			236			230		200			193			93			274			210			120			98
Income (loss) before taxes (ex. M&I and restructuring charges) (a)	$	(62	)	$	191		$	26	$	(143	)	$	5		$	98		$	742		$	(25	)	$	36		$	98
M&I and restructuring charges	5			3			14		13			—			120			57			—			(4		)	8
Income (loss) before taxes (a)	$	(67	)	$	188		$	12	$	(156	)	$	5		$	(22	)	$	685		$	(25	)	$	40		$	90
Average loans and leases	$	10,610		$	10,846		$	10,938	$	9,802		$	10,104		$	9,962		$	10,278		$	10,272		$	8,602		$	10,515
Average assets	$	54,734		$	54,700		$	56,808	$	59,045		$	57,059		$	67,241		$	77,284		$	71,359		$	52,416		$	57,679
(a) In the first quarter of 2014, prior periods were restated to reflect the retrospective application of adopting new accounting guidance related to our investments in qualified affordable housing projects (ASU 2014-01).

12

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

	Investment Management									Investment Services									Other												Consolidated Results
(dollar amounts in millions unless otherwise noted)	2014			2013			2012			2014			2013			2012			2014				2013				2012				2014				2013				2012
Revenue:
Investment services fees
Asset servicing	$	106		$	104		$	117		$	3,968		$	3,800		$	3,663		$	1			$	1			$	—			$	4,075			$	3,905			$	3,780
Issuer services	—			—			—			966			1,087			1,049			2				3				3				968				1,090				1,052
Clearing services	—			—			—			1,329			1,258			1,183			6				6				10				1,335				1,264				1,193
Treasury services	9			2			2			555			544			527			—				8				20				564				554				549
Total investment services fees	115			106			119			6,818			6,689			6,422			9				18				33				6,942				6,813				6,574
Investment management fees	3,369			3,255			3,016			74			63			66			—				27				37				3,443				3,345				3,119
Performance fees	115			130			137			—			—			—			—				—				(1		)		115				130				136
Foreign exchange and other trading revenue	(23		)	8			9			627			693			628			(34		)		(27		)		55				570				674				692
Distribution and servicing	162			172			187			11			8			5			—				—				—				173				180				192
Financing-related fees	1			5			6			50			44			42			118				123				124				169				172				172
Investment and other income	(7		)	(14		)	(9		)	139			142			171			1,093			(a)	376			(a)	352			(a)	1,225			(a)	504			(a)	514			(a)
Total fee revenue	3,732			3,662			3,465			7,719			7,639			7,334			1,186			(a)	517			(a)	600			(a)	12,637			(a)(b)	11,818			(a)(b)	11,399			(a)(b)
Net securities gains (losses)	1			6			(1		)	—			1			11			90				134				152				91				141				162
Total fee and other revenue	3,733			3,668			3,464			7,719			7,640			7,345			1,276			(a)	651			(a)	752			(a)	12,728			(a)(b)	11,959			(a)(b)	11,561			(a)(b)
Net interest revenue (expense)	274			260			214			2,340			2,515			2,439			266				234				320				2,880				3,009				2,973
Total revenue	4,007			3,928			3,678			10,059			10,155			9,784			1,542			(a)	885			(a)	1,072			(a)	15,608			(a)	14,968			(a)	14,534			(a)
Provision for credit losses	—			—			—			—			1			(3		)	(48		)		(36		)		(77		)		(48		)		(35		)		(80		)
Noninterest expenses (ex. intangible amortization) (f)	2,983			2,812			2,590			7,949			7,208			7,368			947				944				991				11,879				10,964				10,949
Income (loss) before taxes (ex. intangible amortization)	1,024			1,116			1,088			2,110			2,946			2,419			643			(a)	(23		)	(a)	158			(a)	3,777			(a)(b)	4,039			(a)(b)	3,665			(a)(b)
Amortization of intangible assets	123			148			192			175			194			192			—				—				—				298				342				384
Income (loss) before taxes and noncontrolling interest	$	901		$	968		$	896		$	1,935		$	2,752		$	2,227		$	643		(a)	$	(23	)	(a)	$	158		(a)	$	3,479		(a)(b)	$	3,697		(a)(b)	$	3,281		(a)(b)
Average loans	$	10,589		$	9,361		$	7,950		$	33,466		$	28,407		$	25,503		$	10,155			$	10,548			$	9,607			$	54,210			$	48,316			$	43,060
Average assets	$	37,783		$	38,546		$	36,120		$	266,483		$	247,430		$	223,233		$	68,300			$	56,335			$	56,028			$	372,566			$	342,311			$	315,381
Average deposits	$	14,156		$	13,755		$	11,311		$	221,453		$	206,793		$	185,441		$	6,930			$	5,148			$	7,458			$	242,539			$	225,696			$	204,210
Assets under management at period-end (in billions) (c)	$	1,710		$	1,583		$	1,380		$	—		$	—		$	—		$	—			$	—			$	—			$	1,710			$	1,583			$	1,380
Assets under custody and/or administration at period-end (in trillions) (d)	$	—		$	—		$	—		$	28.5		$	27.6		$	26.3		$	—			$	—			$	—			$	28.5			$	27.6			$	26.3
Market value of securities on loan at period-end (in billions) (e)	$	—		$	—		$	—		$	289		$	235		$	237		$	—			$	—			$	—			$	289			$	235			$	237
Pre-tax operating margin - GAAP	22		%	25		%	24		%	19		%	27		%	23		%	N/M				N/M				N/M				22		%		25		%		23		%
Memo:
Securities Lending Revenue																															$	158			$	155			$	198
(a) In the first quarter of 2014, prior periods were restated to reflect the retrospective application of adopting new accounting guidance related to our investments in qualified affordable housing projects (ASU 2014-01).
(b) Total fee and other revenue and income before taxes for the years 2012, 2013 and 2014 include income from consolidated investment management funds of $189 million, $183 million and $163 million, respectively, net of income attributable to noncontrolling interests of $76 million, $80 million and $84 million respectively. The net of these income statement line items of $113 million, $103 million and $79 million, respectively, are included above in fee and other revenue.
(c) Excludes securities lending cash management assets and assets managed in the Investment Services business. Also excludes assets under management related to Newton's private client business that was sold in September 2013.
(d) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.1 trillion at Dec. 31, 2012, $1.2 trillion at Dec. 31, 2013 and $1.1 trillion at Dec. 31, 2014.
(e) Represents the total amount of securities on loan managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent, beginning in the fourth quarter of 2013, on behalf of CIBC Mellon clients, which totaled $62 billion at Dec. 31, 2013 and $65 billion at Dec. 31, 2014.
(f) The second quarter of 2012 includes a charge related to the settlement of the Sigma class action lawsuit.
Note: See pages 10 through 12 for businesses results.
N/M - Not meaningful

13

THE BANK OF NEW YORK MELLON CORPORATION

NONPERFORMING ASSETS - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in millions)	Mar 31			Jun 30			Sep 30			Dec 31			Mar 31			Jun 30			Sep 30			Dec 31			Mar 31			Jun 30
Nonperforming loans:
Other residential mortgages	$	148		$	135		$	128		$	117		$	107		$	105		$	113		$	112		$	111		$	110
Wealth management loans and mortgages	30			13			12			11			12			12			13			12			12			11
Commercial real estate	17			18			4			4			4			4			4			1			1			1
Commercial	24			24			15			15			13			13			13			—			—			—
Foreign	9			9			9			6			7			4			—			—			—			—
Financial institutions	3			2			1			—			—			—			—			—			—			—
Total nonperforming loans	231			201			169			153			143			138			143			125			124			122
Other assets owned	3			3			3			3			3			4			4			3			4			5
Total nonperforming assets (a)	$	234		$	204		$	172		$	156		$	146		$	142		$	147		$	128		$	128		$	127
Nonperforming assets ratio	0.48		%	0.41		%	0.34		%	0.30		%	0.27		%	0.24		%	0.26		%	0.22		%	0.21		%	0.20		%
Nonperforming assets ratio excluding margin loans	0.65		%	0.57		%	0.49		%	0.43		%	0.39		%	0.34		%	0.37		%	0.33		%	0.30		%	0.30		%
Allowance for loan losses/nonperforming loans	102.6			105.5			121.9			137.3			138.5			135.5			133.6			152.8			153.2			150.0
Allowance for loan losses/nonperforming assets	101.3			103.9			119.8			134.6			135.6			131.7			129.9			149.2			148.4			144.1
Total allowance for credit losses/nonperforming loans	155.0			167.7			200.6			224.8			228.0			225.4			201.4			224.0			228.2			227.9
Total allowance for credit losses/nonperforming assets	153.0			165.2			197.1			220.5			221.8			219.0			195.9			218.8			221.1			218.9
(a) Loans of consolidated investment management funds are not part of BNY Mellon's loan portfolio. Included in the loans of consolidated investment management funds are nonperforming loans for the 1st through 4th quarters of 2013 of $161 million, $44 million, $31 million, and $16 million, respectively, for the 1st through 4th quarters of 2014 of $74 million, $68 million, $79 million, and $53 million, respectively. These loans are recorded at fair value and therefore do not impact the provision for credit losses and allowance for loan losses, and accordingly are excluded from the nonperforming assets table above. In 2Q15, BNY Mellon adopted the new accounting guidance included in ASU 2015-02, Consolidations. As a result, we deconsolidated substantially all of the loans of consolidated investment management funds retroactively to Jan. 1, 2015.  See page 24 in the Quarterly Earnings Release for additional information on the new accounting guidance.

14

THE BANK OF NEW YORK MELLON CORPORATION

ALLOWANCE FOR CREDIT LOSSES, PROVISION AND NET CHARGE-OFFS - 10 Quarter Trend

	2013												2014												2015
(dollar amounts in millions)	Mar 31			Jun 30			Sep 30			Dec 31			Mar 31			Jun 30			Sep 30			Dec 31			Mar 31			Jun 30
Allowance for credit losses:
Allowance for credit losses	$	266		$	237		$	212		$	206		$	210		$	198		$	187		$	191		$	191		$	190
Allowance for lending-related commitments	121			121			125			133			134			128			124			97			89			93
Allowance for credit losses - beginning of period	387			358			337			339			344			326			311			288			280			283
Net (charge-offs)
Charge-offs	(5		)	(3		)	(2		)	(6		)	(1		)	(4		)	(5		)	(10		)	—			—
Recoveries	—			1			2			5			1			1			1			1			1			1
Total Net (charge-offs)	(5		)	(2		)	—			(1		)	—			(3		)	(4		)	(9		)	1			1
Provision for credit losses	(24		)	(19		)	2			6			(18		)	(12		)	(19		)	1			2			(6		)
Allowance for credit losses - end of period	358			337			339			344			326			311			288			280			283			278
Allowance for loan losses
Allowance for loan losses	$	237		$	212		$	206		$	210		$	198		$	187		$	191		$	191		$	190		$	183
Allowance for lending-related commitments	121			125			133			134			128			124			97			89			93			95
Allowance for credit losses - end of period	358			337			339			344			326			311			288			280			283			278
Allowance for loan losses as a percentage of total loans	0.48		%	0.42		%	0.41		%	0.41		%	0.37		%	0.32		%	0.33		%	0.32		%	0.31		%	0.29		%

15

THE BANK OF NEW YORK MELLON CORPORATION

Quarterly Financial Trends

July 21, 2015

Notes:

The following transactions/changes have impacted the reporting of our results:

The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). See page 24 of the Quarterly Earnings Release for more information.

In the first quarter of 2014, prior periods were restated to reflect the retrospective application of adopting new accounting guidance related to our investments in qualified affordable housing projects (ASU 2014-01).

In the first quarter of 2014, results of Newton's private client business were reclassified from the Investment Management business to the Other segment. Newton's private client business was sold in September 2013.

Restructuring charges in the second quarter of 2014 represent corporate initiatives and were recorded in the Other segment. In the fourth quarter of 2013, restructuring charges were recorded in the businesses. Prior to the fourth quarter of 2013, all restructuring charges were reported in the Other segment.

In the first quarter of 2013, incentive expense related to restricted stock and certain corporate overhead charges were allocated to Investment Management and Investment Services businesses which were previously included in the Other segment. All prior periods were restated to reflect these changes.

Certain immaterial reclassifications/revisions have been made to prior periods to place them on a basis comparable with the current period's presentation.

In businesses where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.

Quarterly return on common and tangible common equity ratios are annualized.

Non-GAAP Measures:

Certain Non-GAAP measures are included in this document. These measures are used by management to monitor financial performance, both on a company-wide and on a business basis. These Non-GAAP measures relate to certain revenue/expense categories, percentages and ratios as described in footnotes. For further information, see 'Supplemental information -- Explanation of GAAP and Non-GAAP Financial Measures' in the Quarterly Earnings Release. Summations may not equal due to rounding. As a result of our rounding convention and reclassifications noted above, differences may exist between the business trends data versus business data in the Form 10-K for the year ended December 31, 2014 or other reports filed with the SEC.

16

EX-99.3

July 21, 2015

KEY FACTS – Second Quarter 2015

Delivering for Shareholders

Total Shareholder Return	2013	2014	YTD 6/30/15
BNY Mellon	38.6%	18.3%	4.4%
11-Member Peer Group Median (a)	38.9%	13.8%	0.7%
S&P 500 Financials	35.6%	15.2%	(0.4)%
S&P 500 Index	32.4%	13.7%	1.2%

Strategic Priorities to Drive Growth
Driving Revenue Growth	• Delivered revenue growth across our businesses • Continued growth in Clearing and Global Collateral Services
Business Improvement Process	• Continued expense control • Positive results reflect benefits in areas where we have been investing in enhanced capabilities for our clients • Divesting Meriten investment manager
Being a Strong, Safe, Trusted Counterparty	• Strong liquidity and improving capital positions
Generating Excess Capital and Deploying Capital Effectively	• Executing on capital plan and returning value to shareholders o    More than $1B returned in share repurchases and dividends
Attracting and Retaining Top Talent	• Further improving expertise in Investment Services and Client Technology Solutions

Positive Growth Trends

• Total revenue in 2Q15 increased 3% year-over-year, as adjusted (b)

• Continued fee income growth

◦ Investment Management and performance fees decreased 1% year-over-year, or increased 5% on a constant currency basis, as adjusted (b)

◦ Investment Services fees increased 4% year-over-year

• Combination of Investment Management and Investment Services positions us well for future growth

Expense Control and Significant Positive Operating Leverage

• Continued progress on expense control in 2Q15

◦ Expenses in 2Q15 decreased 1% year-over-year, as adjusted (b)

• Generated more than 460 basis points of positive operating leverage, as adjusted (b)

Continued AUM and AUC/A Growth (c)

• AUM up 5% in 2Q15 versus 2Q14

◦ $15 billion of net long-term AUM outflows in 2Q15

• AUC/A increased slightly in 2Q15 versus 2Q14

◦ $1.02 trillion of estimated new business wins in 2Q15

Page - 1

Managing Technology as a Strategic Asset

• Optimizing our infrastructure to create efficiencies and cost savings

• Insourcing application development to retain talent and expertise

• Shifting our investments from tactical to strategic, enhancing client experience

• Digitizing BNY Mellon: BNY Mellon Extreme Platform (BXP); Digital Pulse

• Extending technology solutions leadership: Eagle, Albridge, HedgeMark, NetX360

• Deploying NEXEN: Our next generation, intelligent and secure, open-architecture platform

Initiatives to Streamline Organization and Drive Growth

Revenue initiatives	Expense Initiatives
o     Entered significant strategic partnership in Asset Servicing	o     Exited Central Securities Depository
o     Extending private banking solutions to Pershing clients	o     Exiting U.K.Transfer Agency retail business
o     Created direct lending capability through      investment management	o     Exited separately managed accounts solutions business in Asia
o     Created dedicated technology solutions unit      to increase return on technology investment	o     Exited Transition Management and derivatives clearing (U.S. & Europe)
o     Created the Markets Group	o     Sold One Wall Street Headquarters

• Numerous ongoing initiatives focused on: Portfolio Review; Operations and Technology Enhancements; Real Estate & Procurement; and Process Improvement

Continued Capital Generation and Returning Value to Shareholders

• Capital generation and strong liquidity position

• Key capital ratios continue to improve, ending 2Q15 with an estimated common equity tier 1 ratio, fully phased-in (Non-GAAP) under the Advanced Approach of 9.9% (b)

• Compliant with estimated U.S. LCR¹: >100% (current requirement is 80%)

• 2015 Capital Plan: repurchase up to $3.1 billion in common stock and maintain strong dividend payout ratio

◦ Repurchased 19.4 million common shares for $834 million in 2Q15

• Delivered return on tangible common equity of 22% in 2Q15 (b)

• Post financial crisis, our capital generation enabled us to more than double tangible capital

Financial Goals² -- Operating Basis: 2015 Through 2017

	Flat	Normalizing
Revenue Growth3	3.5 - 4.5%	6 - 8%
EPS Growth3	7 - 9%	12 - 15%
Return on Tangible Common Equity	17 - 19%	20 - 22%
Assumptions	• NIM: 95 - 100 bps • Operating margin: 28 - 30% • Environment: no deterioration in volatility, volume, short-term interest rates	• NIM: 125 - 150 bps • Operating margin: 30 - 32%
	100% payout ratio Execution on expense and revenue initiatives Equity market, +5% p.a. Reasonable regulatory outcomes Deposits, money market balances and fee waivers recovery as modeled

Page - 2

AUM = Assets Under Management; AUC/A = Assets Under Custody/Administration

(a) For information about our 11-Member Peer Group, see page 46 of our Proxy Statement dated

March 13, 2015.

(b) This fact sheet includes Non-GAAP measures. These measures are used by management to monitor financial performance and capital adequacy and BNY Mellon believes they are useful to investors in analyzing financial results and trends of ongoing operations because they permit a focus on period-to-period comparisons, which relate to the ability of BNY Mellon to enhance revenue and limit expenses in circumstances where such matters are within BNY Mellon's control.  For a reconciliation of these measures and further information, see “Supplemental information – Explanation of GAAP and Non-GAAP Financial Measures” in BNY Mellon’s Quarterly Earnings Release dated July 21, 2015, filed as an exhibit to the Current Report on Form 8-K to which this fact sheet is furnished as an exhibit.

(c) Preliminary.

1 Estimated U.S. Liquidity Coverage Ratio (LCR) is compliant with the fully-phased in requirements as

of June 30, 2015 based on our current understanding of the U.S. LCR rules.

2 Additional information regarding Financial Goals is available in the company’s 2014 Investor Day presentation available at www.bnymellon.com/investorrelations.

3 Represents compound annual growth rates (CAGR).

NOTE: Normalizing environment represents market consensus on rates; Flat environment assumes no rate increase from present. Financial projections are reflected on a non-GAAP basis - excludes merger and integration, restructuring and litigation expenses, and other non-recurring items. Additional disclosure regarding non-GAAP measures is available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. Actual results may vary materially.

This fact sheet may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including our estimated capital ratios, preliminary business metrics and our strategic priorities, technology, streamlining initiatives, capital plans and financial goals. These statements, which may be expressed in a variety of ways, include the use of future or present tense language. These statements and other forward-looking statements contained in other public disclosures of BNY Mellon, are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon’s control). Factors that could cause BNY Mellon’s results to differ materially from those described in the forward-looking statements can be found in the risk factors set forth in BNY Mellon’s Annual Report on Form 10-K for the year ended Dec. 31, 2014 and its other filings with the Securities and Exchange Commission. All forward-looking statements in this fact sheet speak only as of July 21, 2015 and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.

Additional information about BNY Mellon is available in our annual report on Form 10-K, proxy statement, quarterly reports on Form 10-Q and our current reports on Form 8-K filed with the SEC, available at www.sec.gov.

Page - 3

EX-99.4

BNY Mellon Second Quarter 2015 Financial Highlights July 21, 2015

2 Second Quarter 2015 – Financial Highlights Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to your questions are “forward-looking statements.” Words such as “estimate”, “forecast”, “project”, “anticipate”, “target”, “expect”, “intend”, “continue”, “seek”, “believe”, “plan”, “goal”, “could”, “should”, “may”, “will”, “strategy”, “opportunities”, “trends” and words of similar meaning signify forward-looking statements. These statements relate to, among other things, The Bank of New York Mellon Corporation’s (the “Corporation”) expectations regarding: our capital plans, estimated capital ratios and expectations regarding those ratios; preliminary business metrics; and statements regarding the Corporation's aspirations, as well as the Corporation’s overall plans, strategies, goals, objectives, expectations, estimates, intentions, targets, opportunities and initiatives. These forward-looking statements are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond the Corporation’s control). Actual results may differ materially from those expressed or implied as a result of the factors described under “Forward Looking Statements” and “Risk Factors” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Annual Report”), and in other filings of the Corporation with the Securities and Exchange Commission (the “SEC”). Such forward-looking statements speak only as of July 21, 2015, and the Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. Non-GAAP Measures: In this presentation we may discuss some non-GAAP measures in detailing the Corporation’s performance, which exclude certain items or otherwise include components that differ from GAAP. We believe these measures are useful to the investment community in analyzing the financial results and trends of ongoing operations. We believe they facilitate comparisons with prior periods and reflect the principal basis on which our management monitors financial performance. Additional disclosures relating to non-GAAP adjusted measures are contained in the Corporation’s reports filed with the SEC, including the 2014 Annual Report and the Corporation's Earnings Release for the quarter ended June 30, 2015, included as an exhibit to our Current Report on Form 8-K filed on July 21, 2015 (the “Earnings Release”), available at www.bnymellon.com/investorrelations.

3 Second Quarter 2015 – Financial Highlights Second Quarter 2015 Financial Highlights • Earnings per common share of $0.73, including: • $0.03 per common share related to previously announced litigation expense and restructuring charges • Earnings per common share +24% on an adjusted basis1 • Total revenue +4%; +3% on an adjusted basis1 • Total expense (7%); (1%) on an adjusted basis1 • Generated more than 460 bps of positive operating leverage on an adjusted basis1 • Executing on capital plan and return of value to common shareholders • Return on tangible common equity1 of 22% • Repurchased 19.4 million common shares for $834 million in 2Q15 • Issued $1 billion of qualifying preferred stock; authorized to repurchase up to $3.1 billion in common stock through 2Q16 1 Represents a Non-GAAP measure. See Appendix for reconciliations. Additional disclosures regarding these measures and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. Note: All comparisons are 2Q15 versus 2Q14 unless otherwise stated. bps - basis points

4 Second Quarter 2015 – Financial Highlights Second Quarter 2015 Key Messages • Solid execution of strategic priorities; delivering on our three-year financial goals set at Investor Day • Generated strong operating leverage and improved operating margin by executing on revenue growth initiatives and continued expense control ▪ Fee revenue growth driven by Asset Servicing, especially Global Collateral Services; and Clearing Services; offset by currency translation particularly in Investment Management ▪ Strong contribution from net interest revenue driven by increased securities and loans, and reduced interest expense incurred on deposits • Progress on business improvement process through investments to leverage scale, increase efficiency and effectiveness, and reduce risk and structural costs • Continue to return significant value to shareholders through share repurchases and dividends

5 Second Quarter 2015 – Financial Highlights Second Quarter 2015 Key Performance Drivers • Earnings per common share on an adjusted basis1 of $0.77, +24%, driven by Asset Servicing, especially Global Collateral Services; Clearing Services; market-sensitive revenue and expense control • Investment management and performance fees (1%), or +5% on a constant currency basis (Non-GAAP)1, driven by higher equity market values, the impact of the 1Q15 acquisition of Cutwater and strategic initiatives, partially offset by lower performance fees • Investment services fees +4% reflecting organic growth, especially in Global Collateral Services, higher Clearing Services revenue, net new business and higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar • Market-sensitive revenue driven by volume and volatility • Foreign Exchange +40% driven by higher volumes and volatility, as well as higher Depositary Receipts-related activity • Securities Lending +7% driven by volume • Net interest revenue +$60 million driven by higher securities and loans due to higher deposits and the shift out of cash, lower interest expense incurred on deposits and the impact of interest rate hedging activities • Provision for credit losses was a credit of $6 million in 2Q15 versus a credit of $12 million in 2Q14 • Noninterest expense on an adjusted basis1 (1%) reflecting lower expenses in all categories (except incentives and business development expense), the favorable impact of a stronger U.S. dollar and the benefit of the business improvement process which focuses on reducing structural costs • Effective tax rate of 23.7% in 2Q15; rate is 1.4% lower due to the income statement presentation of consolidated investment management funds and a benefit related to the separately disclosed litigation expense 1 Represents a Non-GAAP measure. See Appendix for reconciliations. Additional disclosures regarding these measures and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. Note: All comparisons are 2Q15 versus 2Q14 unless otherwise stated.

6 Second Quarter 2015 – Financial Highlights Summary Financial Results for Second Quarter 2015 Growth vs. $ in millions, except per share data 2Q15 1Q15 1 2Q14 2Q14 1Q15 Revenue $ 3,886 $ 3,792 $ 3,745 4 % 2 % Expenses $ 2,727 $ 2,700 $ 2,946 (7 )% 1 % Income before income taxes $ 1,165 $ 1,090 $ 811 44 % 7 % Pre-tax operating margin 30 % 29 % 22 % EPS $ 0.73 $ 0.67 $ 0.48 52 % 9 % Return on Tangible Common Equity2 21.5 % 20.3 % 14.5 % 1 The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). 2 Represents a Non-GAAP measure. See Appendix for reconciliation. Additional disclosures regarding this measure and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. Note: Provision for credit losses was a credit of $6 million in 2Q15 versus a credit of $12 million in 2Q14 and a provision of $2 million in 1Q15.

7 Second Quarter 2015 – Financial Highlights Summary Financial Results for Second Quarter 2015 (Non-GAAP)1 Growth vs. $ in millions, except per share data 2Q15 1Q15 2 2Q14 2Q14 1Q15 Revenue $ 3,849 $ 3,761 $ 3,728 3% 2 % Expenses $ 2,603 $ 2,637 $ 2,640 (1)% (1 )% Operating leverage 464 bps 363 bps Income before income taxes $ 1,252 $ 1,122 $ 1,100 14 % 12 % Pre-tax operating margin 33 % 30 % 30 % EPS $ 0.77 $ 0.67 $ 0.62 24 % 15 % Return on Tangible Common Equity 22.5 % 20.2 % 18.4 % 1 Represent Non-GAAP measures. See Appendix for reconciliations. Additional disclosures regarding these measures and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. 2 The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). bps - basis points

8 Second Quarter 2015 – Financial Highlights Fee and Other Revenue (Consolidated) Growth vs. Year-over-Year Drivers ($ in millions) 2Q15 2Q14 1Q15 Investment services fees: Asset Servicing  Organic growth and net new business, partially offset by a stronger U.S. dollar Clearing Services  Higher mutual fund and asset-based fees, clearance revenue and custody fees Issuer Services  Higher Depositary Receipts revenue Treasury Services  Higher payment volumes Investment Management and Performance Fees  +5% on a constant currency basis (Non-GAAP)3, driven by higher equity market values, strong cumulative long-term flows, the impact of the 1Q15 acquisition of Cutwater and strategic initiatives, partially offset by lower performance fees Foreign Exchange & Other Trading Revenue  FX revenue of $181MM, +40%, driven by higher volatility and volumes, as well as higher Depositary Receipts-related activity Financing-related Fees  Higher fees related to secured intraday credit provided to dealers in connection with their tri-party repo activity Asset servicing1 $ 1,060 4 % 2 % Clearing services 347 6 1 Issuer services 234 1 1 Treasury services 144 2 5 Total investment services fees 1,785 4 2 Investment management and performance fees2 878 (1 ) 1 Foreign exchange and other trading revenue 187 44 (18 ) Financing-related fees 58 32 45 Distribution and servicing 39 (9 ) (5 ) Investment and other income2 104 N/M N/M Total fee revenue2 3,051 3 2 Net securities gains 16 N/M N/M Total fee and other revenue2 $ 3,067 3 % 2 % 1 Asset servicing fees include securities lending revenue of $49 million in 2Q15, $46 million in 2Q14, and $43 million in 1Q15. 2 The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). 3 Represents a Non-GAAP measure. See Appendix for reconciliation. Additional disclosures regarding this measure and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. Note: Please reference earnings release for quarter-over-quarter variance explanations. N/M - not meaningful

9 Second Quarter 2015 – Financial Highlights Investment Management Metrics Change in Assets Under Management (AUM)1 Growth vs. $ in billions 2Q15 LTM 2Q15 2Q14 1Q15 Beginning balance of AUM $1,741 $1,636 Net inflows (outflows): Long-Term: Equity (12 ) (24 ) Fixed income (2 ) 6 Index (9 ) (3 ) Liability-driven investments2 5 55 Alternative investments 3 7 Total long-term inflows (outflows) (15 ) 41 Short-term: Cash (11 ) 14 Total net inflows (outflows) (26 ) 55 Net market/currency impact/acquisition 9 33 Ending balance of AUM3 $1,724 $1,724 5 % (1 )% Average balances: Growth vs. $ in millions 2Q15 2Q14 1Q15 Average loans $ 12,298 19 % 6 % Average deposits $ 14,640 9 % (4 )% 1 Excludes securities lending cash management assets and assets managed in the Investment Services business. 2 Includes currency overlay assets under management. 3 Preliminary.

10 Second Quarter 2015 – Financial Highlights Investment Services Metrics Growth vs. 2Q15 2Q14 1Q15 Assets under custody and/or administration at period end (trillions)1,2 $ 28.6 — % — % Market value of securities on loan at period end (billions)3 $ 283 1 % (3 )% Average loans (millions) $ 38,264 16 % 1 % Average deposits (millions) $ 237,193 7 % 1 % Broker-Dealer Average tri-party repo balances (billions) $ 2,174 8 % 1 % Clearing Services Global DARTS volume (thousands) 242 17 % (7 )% Average active clearing accounts (U.S. platform) (thousands) 6,046 5 % 1 % Average long-term mutual fund assets (U.S. platform) (millions) $ 466,195 8 % 2 % Depositary Receipts Number of sponsored programs 1,206 (8 )% (4 )% 1 Includes the AUC/A of CIBC Mellon of $1.2 trillion at June 30, 2014, $1.1 trillion at March 31, 2015 and $1.1 trillion at June 30, 2015. 2 Preliminary. 3 Represents the total amount of securities on loan managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $64 billion at June 30, 2014, $69 billion at March 31, 2015 and $68 billion at June 30, 2015.

11 Second Quarter 2015 – Financial Highlights Net Interest Revenue Growth vs. Year-over-Year Drivers ($ in millions) 2Q15 2Q14 1Q15 Net interest revenue (non-FTE) $ 779 8 % 7 % Net Interest Revenue  Higher securities and loans due to increase in deposits and the shift out of cash, lower interest expense incurred on deposits and the impact of interest rate hedging activities, partially offset by: Interest-earning assets yield declined (2) bps Interest-bearing deposits yield declined (4) bps Net interest revenue (FTE) - Non-GAAP 794 8 7 Net interest margin (FTE) 1.00 % 2 bps 3 bps Selected Average Balances: Cash/interbank investments $ 125,640 (10 )% 2 % Trading account securities 3,253 (41 ) 7 Securities 128,641 27 4 Loans 61,076 14 5 Interest-earning assets 318,610 6 3 Interest-bearing deposits 170,730 5 7 Noninterest-bearing deposits 84,890 9 (5 ) Note: Please reference earnings release for quarter-over-quarter variance explanations. FTE – fully taxable equivalent bps – basis points

12 Second Quarter 2015 – Financial Highlights Noninterest Expense Growth vs. Year-over-Year Drivers ($ in millions) 2Q15 2Q14 1Q15 Staff $ 1,434 — % (3 )%  Lower expenses in all categories (except business development), the favorable impact of a stronger U.S. dollar and the benefit of the business improvement process which focuses on reducing structural costs Total staff expense decreased slightly primarily reflecting lower headcount, the impact of curtailing the U.S. pension plan and the favorable impact of a stronger U.S. dollar, partially offset by higher performance-driven incentives Professional, legal and other purchased services 299 (5 ) (1 ) Software and equipment 228 (3 ) — Net occupancy 149 (2 ) (1 ) Distribution and servicing 96 (14 ) (2 ) Sub-custodian 75 (7 ) 7 Business development 72 6 18 Other 250 (28 ) 3 Amortization of intangible assets 65 (13 ) (2 ) M&I, litigation and restructuring charges 59 N/M N/M Total noninterest expense – GAAP $ 2,727 (7 )% 1 % Total noninterest expense excluding amortization of intangible assets, M&I, litigation and restructuring charges and the charge related to investment management funds, net of incentives – Non-GAAP1 $ 2,603 (1 )% (1 )% Full-time employees 50,700 (400) 200 1 Represents a Non-GAAP measure. See Appendix for reconciliation. Additional disclosures regarding this measure and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. Note: Please reference earnings release for quarter-over-quarter variance explanations. N/M - not meaningful

13 Second Quarter 2015 – Financial Highlights Capital Ratios Highlights 6/30/15 3/31/15 12/31/14 Consolidated regulatory capital ratios:1,2,3  Repurchased 19.4 million common shares for $834 million in 2Q15  In 2Q15, declared a quarterly dividend of $0.17 per common share  Issued $1 billion of qualifying preferred stock in 2Q15; authorized to repurchase up to $3.1 billion in common stock through 2Q16  Compliant with U.S. Liquidity Coverage Ratio (LCR)5 CET1 ratio 10.9 % 10.8 % 11.2 % Tier 1 capital ratio 12.4 11.7 12.2 Total (Tier 1 plus Tier 2) capital ratio 12.7 12.0 12.5 Leverage capital ratio 5.8 5.7 5.6 Selected regulatory capital ratios - fully phased-in - Non- GAAP:1,2 Estimated CET1 ratio: Standardized approach 10.0 % 10.0 % 10.6 % Advanced approach 9.9 9.9 9.8 Estimated supplementary leverage ratio ("SLR")4 4.6 % 4.6 % 4.4 % Note: See corresponding footnotes on following slide.

14 Second Quarter 2015 – Financial Highlights Capital Ratio Footnotes 1 June 30, 2015 regulatory capital ratios are preliminary. See the “Capital Ratios” section in the earnings release for additional detail. 2 Capital ratios for the first quarter of 2015 were revised to reflect the retrospective application of adopting new accounting guidance in 2Q15 related to Consolidations (ASU 2015-02). As a result of the new accounting guidance, the risk- weighted assets as of March 31, 2015 decreased $13.3 billion under the Advanced Approach and $7.0 billion under the Standardized Approach. 3 At Dec. 31, 2014, the CET1, Tier 1 and Total risk-based consolidated regulatory capital ratios determined under the transitional Standardized Approach were 15.0%, 16.3% and 16.9%, and were calculated based on Basel III components of capital, as phased-in, and asset risk-weightings using Basel I-based requirements. At March 31, 2015 and June 30, 2015, the CET1, Tier 1 and Total risk-based consolidated regulatory capital ratios determined under the transitional Basel III Standardized Approach were 11.2%, 12.2%, and 12.7%, and 11.3%, 12.9% and 13.4%, respectively. Additionally, the capital ratios determined under the transitional Basel III Standardized Approach for March 31, 2015 were revised to reflect the new accounting guidance related to Consolidations. 4 Please reference slide 21. See the “Capital Ratios” section in the earnings release for additional detail. 5 The U.S. LCR rules became effective Jan. 1, 2015 and require BNY Mellon to meet an LCR of 80%, increasing annually by 10% increments until fully phased-in on Jan. 1, 2017, at which time we will be required to meet an LCR of 100%. Our estimated LCR on a consolidated basis is compliant with the fully phased-in requirements of the U.S. LCR as of June 30, 2015 based on our current understanding of the U.S. LCR rules.

APPENDIX

16 Second Quarter 2015 – Financial Highlights Investment Management . Growth vs. ($ in millions) 2Q15 2Q14 1Q15 Investment management and performance fees $ 864 (2 )% 2 % Distribution and servicing 37 (10 ) (5 ) Other1 25 N/M N/M Net interest revenue 78 18 5 Total Revenue $ 1,004 (3 )% (1 )% Noninterest expense (ex. amortization of intangible assets and the charge related to investment management funds, net of incentives) $ 714 (2 )% (1 )% Income before taxes (ex. amortization of intangible assets and the charge related to investment management funds, net of incentives) $ 290 (7 )% — % Amortization of intangible assets 25 (19 ) — Charge related to investment management funds, net of incentives — N/M N/M Income before taxes $ 265 55 % — % Pre-tax operating margin 26 % 993 bps 30 bps Adjusted pre-tax operating margin2,3 34 % (152) bps 1 bps 1 Total fee and other revenue includes the impact of the consolidated investment management funds, net of noncontrolling interests. Additionally, other revenue includes asset servicing, treasury services, foreign exchange and other trading revenue and investment and other income. 2 Excludes the net negative impact of money market fee waivers, amortization of intangible assets and the charge related to investment management funds, net of incentives, and is net of distribution and servicing expense. 3 Represents a Non-GAAP measure. See Slide 22 for reconciliation. Additional disclosures regarding these measures and other Non-GAAP adjusted measures are available in the Corporation’s reports filed with the SEC, available at www.bnymellon.com/investorrelations. N/M - not meaningful bps – basis points

17 Second Quarter 2015 – Financial Highlights Investment Services Growth vs. ($ in millions) 2Q15 2Q14 1Q15 Investment services fees: Asset servicing $ 1,035 4 % 2 % Clearing services 346 7 1 Issuer services 234 1 1 Treasury services 141 1 4 Total investment services fees $ 1,756 4 2 Foreign exchange and other trading revenue 179 23 (14 ) Other1 85 (2 ) 35 Net interest revenue 635 7 6 Total revenue $ 2,655 6 % 2 % Noninterest expense (ex. amortization of intangible assets) $ 1,841 1 % 2 % Income before taxes (ex. amortization of intangible assets) $ 814 18 % 2 % Amortization of intangible assets 40 (9 ) (2 ) Income before taxes $ 774 20 % 3 % Pre-tax operating margin 29 % 346 bps 1 bps Pre-tax operating margin (ex. amortization of intangible assets) 31 % 323 bps (6) bps Investment services fees as a percentage of noninterest expense2 98 % 552 bps 237 bps 1 Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue, and investment and other income. 2 Noninterest expense excludes amortization of intangible assets and litigation expense. bps – basis points

18 Second Quarter 2015 – Financial Highlights Expense & Pre-Tax Operating Margin - Non-GAAP Reconciliation 2Q15 1Q15 2Q14 ($ in millions) Total revenue – GAAP $ 3,886 $ 3,792 $ 3,745 Less: Net income attributable to noncontrolling interests of consolidated investment management funds 37 31 17 Total revenue, as adjusted – Non-GAAP2 $ 3,849 $ 3,761 $ 3,728 Total noninterest expense – GAAP $ 2,727 $ 2,700 $ 2,946 Less: Amortization of intangible assets 65 66 75 M&I, litigation and restructuring charges 59 (3 ) 122 Charge related to investment management funds, net of incentives — — 109 Total noninterest expense excluding amortization of intangible assets, M&I, litigation and restructuring charges and the charge related to investment management funds, net of incentives – Non-GAAP2 $ 2,603 $ 2,637 $ 2,640 Provision for credit losses (6 ) 2 (12 ) Income before income taxes, as adjusted – Non-GAAP2 $ 1,252 $ 1,122 $ 1,100 Pre-tax operating margin – Non-GAAP1,2 33 % 3 30 % 3 30 % 1 Income before taxes divided by total revenue. 2 Non-GAAP excludes net income attributable to noncontrolling interests of consolidated investment management funds, amortization of intangible assets, M&I, litigation and restructuring charges, and a charge related to investment management funds, net of incentives, if applicable. 3 Our GAAP earnings include tax-advantaged investments such as low income housing, renewable energy, bank-owned life insurance and tax-exempt securities. The benefits of these investments are primarily reflected in tax expense. If reported on a tax-equivalent basis these investments would increase revenue and income before taxes by $64 million and $52 million for 1Q15 and 2Q15 and would increase our pre-tax operating margin by approximately 1.2% and 0.9%, respectively.

19 Second Quarter 2015 – Financial Highlights Return on Tangible Common Equity Reconciliation 2Q15 1Q15 2Q14 ($ in millions) Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $ 830 $ 766 $ 554 Add: Amortization of intangible assets, net of tax 44 43 49 Net income applicable to common shareholders of The Bank of New York Mellon Corporation excluding amortization of intangible assets – Non-GAAP 874 809 603 Add: M&I, litigation and restructuring charges 38 (2 ) 76 Charge related to investment management funds, net of incentives — — 85 Net income applicable to common shareholders of The Bank of New York Mellon Corporation, as adjusted – Non-GAAP2 $ 912 $ 807 $ 764 Average common shareholders’ equity $ 35,516 $ 35,486 $ 36,565 Less: Average goodwill 17,752 17,756 18,149 Average intangible assets 4,031 4,088 4,354 Add: Deferred tax liability – tax deductible goodwill1 1,351 1,362 1,338 Deferred tax liability – intangible assets1 1,179 1,200 1,247 Average tangible common shareholders’ equity - Non-GAAP $ 16,263 $ 16,204 $ 16,647 Return on tangible common equity – Non-GAAP2,3 21.5 % 20.3 % 14.5 % Return on tangible common equity – Non-GAAP adjusted2,3 22.5 % 20.2 % 18.4 % 1 Deferred tax liabilities are based on fully phased-in Basel III rules. 2 Non-GAAP excludes amortization of intangible assets, the benefit primarily related to a tax carryback claim, M&I, litigation and restructuring charges, and a charge related to investment management funds, net of incentives, if applicable. 3 Annualized.

20 Second Quarter 2015 – Financial Highlights Earnings Per Share & GAAP Revenue Reconciliation Earnings per share Growth vs. ($ in dollars) 2Q15 1Q15 2Q14 2Q14 1Q15 GAAP results $ 0.73 $ 0.67 $ 0.48 Add: Litigation and restructuring charges 0.03 — 0.06 Charge related to investment management funds, net of incentives — — 0.07 Non-GAAP results $ 0.77 1 $ 0.67 $ 0.62 1 24 % 15 % Revenue - GAAP ($ in millions) 2Q15 1Q15 2Q14 Investment services fees: Asset servicing2 $ 1,060 $ 1,038 $ 1,022 Clearing services 347 344 326 Issuer services 234 232 231 Treasury services 144 137 141 Total investment services fees 1,785 1,751 1,720 Investment management and performance fees3 878 867 883 Foreign exchange and other trading revenue 187 229 130 Financing-related fees 58 40 44 Distribution and servicing 39 41 43 Investment and other income3 104 60 142 Total fee revenue3 3,051 2,988 2,962 Net securities gains 16 24 18 Total fee and other revenue3 $ 3,067 $ 3,012 $ 2,980 Income from consolidated investment management funds3 40 52 46 Net interest revenue 779 728 719 Total revenue - GAAP $ 3,886 $ 3,792 $ 3,745 1 Does not foot due to rounding. 2 Asset servicing fees include securities lending revenue of $46 million in 2Q14, $37 million in 3Q14 and 4Q14, $43 million in 1Q15 and $49 million in 2Q15. 3 The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02).

21 Second Quarter 2015 – Financial Highlights Estimated Fully Phased-In SLR1 - Non-GAAP Reconciliation ($ in millions) 6/30/152 3/31/15 12/31/14 Total estimated fully phased-in Basel III CET1 - Non-GAAP $ 15,931 $ 16,123 $ 15,931 Additional Tier 1 capital 2,545 1,560 1,550 Total Tier 1 capital $ 18,476 $ 17,683 $ 17,481 Total leverage exposure: Quarterly average total assets3 $ 378,293 $ 368,411 $ 385,232 Less: Amounts deducted from Tier 1 capital 19,779 19,644 19,947 Total on-balance sheet assets, as adjusted3 358,514 348,767 365,285 Off-balance sheet exposures: Potential future exposure for derivatives contracts (plus certain other items) 9,222 9,295 11,376 Repo-style transaction exposures included in SLR 6,589 6,474 302 Credit-equivalent amount other off-balance sheet exposures (less SLR exclusions) 27,251 22,046 21,850 Total off-balance sheet exposures 43,062 37,815 33,528 Total leverage exposure3 $ 401,576 $ 386,582 $ 398,813 Estimated fully phased-in SLR - Non-GAAP3 4.6 % 4.6 % 4.4 % 1 The estimated fully phased-in SLR (Non-GAAP) is based on our interpretation of the U.S. capital rules. When the SLR is fully phased-in, we expect to maintain an SLR of over 5%. The minimum required SLR is 3% and there is a 2% buffer, in addition to the minimum, that is applicable to U.S. G-SIBs. 2 June 30, 2015 information is preliminary. 3 The first quarter of 2015 was restated to reflect the retrospective application of adopting new accounting guidance related to Consolidations (ASU 2015-02). • The SLR increased slightly on a sequential basis, as both total Tier 1 capital and total leverage exposure increased. • The increase in total Tier 1 capital was driven by the issuance of preferred stock. • The increase in leverage exposure was driven by: • an increase in average total assets, primarily interest-earning assets, as a result of higher average deposits and securities sold under repurchase agreements. • an increase in the credit equivalent amount of other off-balance sheet exposures primarily from the secured intraday credit provided to dealers in connection with their tri-party repo activity.

22 Second Quarter 2015 – Financial Highlights Pre-Tax Operating Margin – Investment Management Reconciliation 2Q15 1Q15 2Q14 ($ in millions) Income before income taxes – GAAP $ 265 $ 264 $ 171 Add: Amortization of intangible assets 25 25 31 Money market fee waivers 29 34 28 Charge related to investment management funds, net of incentives — — 109 Income before income taxes excluding amortization of intangible assets, money market fee waivers and the charge related to investment management funds, net of incentives – Non-GAAP $ 319 $ 323 $ 339 Total revenue – GAAP $ 1,004 $ 1,010 $ 1,036 Less: Distribution and servicing expense 95 97 111 Money market fee waivers benefiting distribution and servicing expense 37 38 37 Add: Money market fee waivers impacting total revenue 66 72 65 Total revenue net of distribution and servicing expense and excluding money market fee waivers - Non- GAAP $ 938 $ 947 $ 953 Pre-tax operating margin1 26 % 26 % 16 % Pre-tax operating margin excluding amortization of intangible assets, money market fee waivers, the charge related to investment management funds, net of incentives and net of distribution and servicing expense – Non-GAAP1 34 % 34 % 36 % 1 Income before taxes divided by total revenue.

23 Second Quarter 2015 – Financial Highlights Investment Management and Performance Fees - Non-GAAP Investment management and performance fees - Consolidated Growth vs. ($ in millions) 2Q15 2Q14 2Q14 Investment management and performance fees - GAAP $ 878 $ 883 (1 )% Impact of changes in foreign currency exchange rates — (45 ) Investment management and performance fees, as adjusted - Non-GAAP $ 878 $ 838 5 % Investment management fees - Investment Management business Growth vs. ($ in millions) 2Q15 2Q14 2Q14 Investment management fees - GAAP $ 844 $ 852 (1 )% Impact of changes in foreign currency exchange rates — (45 ) Investment management fees, as adjusted - Non-GAAP $ 844 $ 807 5 %