BNY Mellon Second Quarter 2016 Financial Highlights July 21, 2016

2 Second Quarter 2016 – 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: expense control, capital plans, strategic priorities, financial goals, client experience, driving revenue growth, the business improvement process, the potential effects of adopting a single point of entry resolution strategy, 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, 2015 (the “2015 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, 2016, 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 2015 Annual Report and the Corporation's Earnings Release for the quarter ended June 30, 2016, included as an exhibit to our Current Report on Form 8-K filed on July 21, 2016 (the “Earnings Release”), available at www.bnymellon.com/investorrelations.

3 Second Quarter 2016 – Financial Highlights Summary Financial Results for Second Quarter 2016 - GAAP Growth vs. $ in millions, except per share data 2Q16 1Q16 2Q15 1Q16 2Q15 Revenue $ 3,776 $ 3,730 $ 3,886 1 % (3)% Expenses $ 2,620 $ 2,629 $ 2,727 — % (4)% Operating leverage1 157 bps 109 bps Income before income taxes $ 1,165 $ 1,091 $ 1,165 7 % — % Pre-tax operating margin 31% 29% 30% EPS $ 0.75 $ 0.73 $ 0.73 3 % 3 % 1 Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. The year-over-year operating leverage was based on a decrease in total revenue, of 283 basis points, and a decrease in total noninterest expense, of 392 basis points. The sequential operating leverage was based on an increase in total revenue, of 123 basis points, and a decrease in total noninterest expense, of 34 basis points. bps - basis points Note: Provision for credit losses was a credit of $9 million in 2Q16 versus a credit of $6 million in 2Q15 and a provision of $10 million in 1Q16.

4 Second Quarter 2016 – Financial Highlights Summary Financial Results for Second Quarter 2016 (Non-GAAP)1 Growth vs. $ in millions, except per share data 2Q16 1Q16 2Q15 1Q16 2Q15 Revenue $ 3,772 $ 3,737 $ 3,849 1 % (2)% Expenses $ 2,554 $ 2,555 $ 2,603 — % (2)% Operating leverage2 98 bps (12) bps Income before income taxes $ 1,227 $ 1,172 $ 1,252 5 % (2)% Pre-tax operating margin 33% 31% 33% EPS $ 0.76 $ 0.74 $ 0.77 3 % (1)% Return on Tangible Common Equity 20.4% 20.6% 21.5% Adjusted Return on Tangible Common Equity 20.5% 20.8% 22.5% 1 Represents 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 Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. The year-over-year operating leverage (Non-GAAP) was based on a decrease in total revenue, as adjusted (Non-GAAP), of 200 basis points, and a decrease in total noninterest expense, as adjusted (Non-GAAP), of 188 basis points. The sequential operating leverage (Non-GAAP) was based on an increase in total revenue, as adjusted (Non-GAAP), of 94 basis points, and a decrease in total noninterest expense, as adjusted (Non-GAAP), of 4 basis points. bps - basis points

5 Second Quarter 2016 – Financial Highlights Second Quarter Financial Highlights (comparisons are 2Q16 versus 2Q15) • Earnings per common share of $0.76 on an adjusted basis1 • Earnings per common share (1%) on an adjusted basis1 • Continued focus on structural cost reduction and expense control • Total noninterest expense (2%) on an adjusted basis1 • Total revenue of $3.78 billion • Fee and other revenue (2%) • Net interest revenue (2%) • Executing on capital plan and returning value to common shareholders • Repurchased 12.5 million common shares for $509 million • Return on common equity of 9%; Adjusted return on tangible common equity of 21%1 • Board approved previously announced common stock dividend increase of 12% and the repurchase of up to approximately $2.7 billion of common stock 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.

6 Second Quarter 2016 – Financial Highlights 2016 Key Messages • Executing on our strategic priorities; delivering on our three-year financial goals set at our 2014 Investor Day • Focused on enhancing the client experience and driving profitable revenue growth ◦ Broadening existing client relationships and selectively adding new business • Business Improvement Process designed to leverage scale, increase efficiency and effectiveness, and reduce risk and structural costs ◦ In a low organic revenue growth environment, the Business Improvement Process is enabling us to fund: ▪ Additional regulatory requirements ▪ Enhancements to our technology and servicing platforms ▪ Revenue growth initiatives ▪ Improving our operating margin • Continue to return significant value to shareholders through share repurchases and dividends

7 Second Quarter 2016 – Financial Highlights Second Quarter 2016 Key Performance Drivers (comparisons are 2Q16 versus 2Q15) • Earnings per common share of $0.76, (1%) on an adjusted basis1 (Non-GAAP), driven by a challenging revenue environment partially offset by continued execution of our Business Improvement Process • Investment management and performance fees (5%) driven by net outflows in 2015, the unfavorable impact of a stronger U.S. dollar and lower performance fees, offset by higher money market fees and the impact of the April 2016 acquisition of the assets of Atherton Lane Advisors, LLC (“Atherton”). Investment management and performance fees (4%) on a constant currency basis (Non-GAAP)1 • Investment services fees increased slightly reflecting higher money market fees and net new business, offset by lower market values • Market-sensitive revenue driven by securities lending revenue growth • Foreign Exchange (8%) reflecting lower volumes, offset by the positive net impact of foreign currency hedging activities • Securities Lending +6% driven by increased spreads • Net Interest Revenue lower by $12 million reflecting the negative impact of interest rate hedging activities and higher premium amortization adjustments related to the decrease in interest rates • Provision for credit losses was a credit of $9 million in 2Q16 versus a credit of $6 million in 2Q15 • Noninterest expense on an adjusted basis1 (Non-GAAP) (2%) reflects lower expenses in nearly all categories, driven by the favorable impact of a stronger U.S. dollar, lower staff and legal expenses and the benefit of the Business Improvement Process, partially offset by higher net occupancy and distribution and servicing expenses • Effective tax rate of 24.9% 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.

8 Second Quarter 2016 – Financial Highlights Fee and Other Revenue (Consolidated) Growth vs. Year-over-Year Drivers ($ in millions) 2Q16 1Q16 2Q15 Investment services fees: Asset ServicingŸ Net new business and higher money market fees, partially offset by lower market values and the unfavorable impact of a stronger U.S. dollar Clearing Services Ÿ Higher money market fees, partially offset by the impact of lost business Issuer Services Ÿ Lower Depositary Receipts revenue. Issuer Services fees also reflect higher money market fees in Corporate Trust Treasury Services Ÿ Higher compensating balance credits provided to clients, which shifts revenue from fees to net interest revenue Investment Management and Performance Fees Ÿ Outflows in 2015, the unfavorable impact of a stronger U.S. dollar and lower performance fees, partially offset by higher money market fees and the impact of the Atherton acquisition. On a constant currency basis (Non-GAAP)2, investment management and performance fees (4%) Foreign Exchange & Other Trading Revenue Ÿ FX revenue of $166MM - Decreased, reflecting lower volumes, partially offset by the positive net impact of foreign currency hedging activities. Other trading revenue of $16MM - Increased, reflecting higher fixed income trading. Losses on hedging activities in the Investment Management businesses were offset by the positive impact of interest rate hedging Distribution and Servicing Ÿ Higher money market fees, partially offset by fees paid to introducing brokers Investment and other income Ÿ Lower lease-related gains, partially offset by foreign currency remeasurement gains Asset servicing1 $ 1,069 3% 1 % Clearing services 350 — 1 Issuer services 234 (4) — Treasury services 139 6 (3) Total investment services fees 1,792 2 — Investment management and performance fees 830 2 (5) Foreign exchange and other trading revenue 182 4 (3) Financing-related fees 57 6 (2) Distribution and servicing 43 10 10 Total fee revenue excluding investment and other income2 2,904 2 (1) Investment and other income 74 (30) (29) Total fee revenue 2,978 1 (2) Net securities gains 21 N/M N/M Total fee and other revenue $ 2,999 1% (2)% 1 Asset servicing fees include securities lending revenue of $52 million in 2Q16, $49 million in 2Q15, and $50 million in 1Q16. 2 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: Please reference earnings release for quarter-over-quarter variance explanations. N/M - not meaningful

9 Second Quarter 2016 – Financial Highlights Investment Management Metrics Change in Assets Under Management (AUM)1 Growth vs. $ in billions 2Q16 LTM 2Q16 1Q16 2Q15 Beginning balance of AUM $1,639 $1,700 Net inflows (outflows): Long-Term: Equity (2) (18) Fixed income (2) (4) Liability-driven investments2 15 51 Alternative investments 1 5 Total long-term active inflows (outflows) 12 34 Index (17) (54) Total long-term (outflows) inflows (5) (20) Short-term: Cash 4 (13) Total net (outflows) (1) (33) Net market impact/other 71 101 Net currency impact (47) (106) Acquisition 2 2 Ending balance of AUM3 $1,664 $1,664 2% (2)% Average balances: Growth vs. $ in millions 2Q16 1Q16 2Q15 Average loans $ 14,795 4 % 20% Average deposits $ 15,518 (3)% 6% 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 2016 – Financial Highlights Investment Services Metrics Growth vs. 2Q16 1Q16 2Q15 Assets under custody and/or administration at period end (trillions)1,2 $ 29.5 1 % 3 % Estimated new business wins (AUC/A) (billions)2 $ 167 Market value of securities on loan at period end (billions)3 $ 278 (7)% (2)% Average loans (millions) $ 43,786 (3)% (4)% Average deposits (millions) $ 221,998 3 % (7)% Broker-Dealer Average tri-party repo balances (billions) 2,108 — % (3)% Clearing Services Average active clearing accounts (U.S. platform) (thousands) 5,946 — % (2)% Average long-term mutual fund assets (U.S. platform) (millions) $ 431,150 4 % (8)% Depositary Receipts Number of sponsored programs 1,112 (2)% (8)% 1 Includes the AUC/A of CIBC Mellon of $1.1 trillion at June 30, 2016, March 31, 2016 and 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 $56 billion at June 30, 2016 and March 31, 2016 and $68 billion at June 30, 2015.

11 Second Quarter 2016 – Financial Highlights Net Interest Revenue Growth vs. Year-over-Year Drivers ($ in millions) 2Q16 1Q16 2Q15 Net interest revenue (non-FTE) $ 767 —% (2)% Net Interest Revenue Ÿ The negative impact of interest rate hedging activities and higher premium amortization adjustments related to the decrease in interest rates Net interest revenue (FTE) 780 — (2) Net interest margin (FTE) 0.98% (3) bps (2) bps Selected Average Balances: Cash/interbank investments $ 137,995 8% 10 % Trading account securities 2,152 (35) (34) Securities 118,002 — (8) Loans 60,284 (1) (1) Interest-earning assets 318,433 2 — Interest-bearing deposits 165,122 2 (3) Noninterest-bearing deposits 84,033 1 (1) Note: Please reference earnings release for quarter-over-quarter variance explanations. FTE – fully taxable equivalent bps – basis points

12 Second Quarter 2016 – Financial Highlights Noninterest Expense Growth vs. Year-over-Year Drivers ($ in millions) 2Q16 1Q16 2Q15 Staff $ 1,412 (3)% (2)% Ÿ Lower expenses in nearly all categories, primarily driven by the favorable impact of a stronger U.S. dollar, lower litigation, staff and legal expenses and the benefit of the Business Improvement Process, partially offset by higher net occupancy and distribution and servicing expenses. Ÿ Staff expense decreased primarily reflecting lower incentive expense. The increase in net occupancy expense reflects the cost to exit leases consistent with our global real estate strategy. The savings generated by the Business Improvement Process primarily reflect the benefits of our technology insourcing strategy and the benefit of renegotiating vendor contracts Professional, legal and other purchased services 290 4 (3) Software and equipment 223 2 (2) Net occupancy 152 7 2 Distribution and servicing 102 2 6 Sub-custodian 70 19 (7) Business development 65 14 (10) Other 240 — (4) Amortization of intangible assets 59 4 (9) M&I, litigation and restructuring charges 7 N/M N/M Total noninterest expense – GAAP $ 2,620 — % (4)% Total noninterest expense excluding amortization of intangible assets and M&I, litigation and restructuring charges – Non-GAAP1 $ 2,554 — % (2)% Full-time employees 52,200 100 1,500 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: Please reference earnings release for quarter-over-quarter variance explanations. N/M - not meaningful

13 Second Quarter 2016 – Financial Highlights Capital Ratios Highlights 6/30/16 3/31/16 12/31/15 Consolidated regulatory capital ratios:1 Ÿ Repurchased 12.5 million common shares for $509 million in 2Q16 Ÿ In 2Q16, declared a quarterly dividend of $0.17 per common share Ÿ Compliant with fully phased-in U.S. Liquidity Coverage Ratio (LCR)5 Standardized CET1 ratio 11.8% 11.8% 11.5% Tier 1 capital ratio 13.3 13.5 13.1 Total (Tier 1 plus Tier 2) capital ratio 13.7 13.9 13.5 Advanced CET1 ratio 10.2 10.6 10.8 Tier 1 capital ratio 11.5 12.0 12.3 Total (Tier 1 plus Tier 2) capital ratio 11.7 12.3 12.5 Leverage capital ratio2 5.8 5.9 6.0 Supplementary leverage ratio ("SLR") 5.3 5.4 5.4 Selected regulatory capital ratios - fully phased-in - Non-GAAP:1,3,4 CET1 ratio: Standardized approach 10.9% 11.0% 10.2% Advanced approach 9.5 9.8 9.5 SLR 5.0% 5.1% 4.9% Note: See corresponding footnotes on following slide.

14 Second Quarter 2016 – Financial Highlights Capital Ratio Footnotes 1 June 30, 2016 regulatory capital ratios are preliminary. See the “Capital Ratios” section in the earnings release for additional detail. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under application capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches. 2 The leverage capital ratios are based on Tier 1 capital, as phased-in and quarterly average total assets. 3 Please reference slide 23 & 24. See the “Capital Ratios” section in the earnings release for additional detail. 4 Estimated. 5 The U.S. LCR rules became effective Jan. 1, 2015 and currently require BNY Mellon to meet an LCR of 90%, increasing to 100% when fully phased-in on Jan. 1, 2017. Our estimated LCR on a consolidated basis is compliant with the fully phased-in requirements of the U.S. LCR as of June 30, 2016 based on our understanding of the U.S. LCR rules. Our consolidated high-quality liquid assets (“HQLA”) before haircuts, totaled $191 billion at June 30, 2016, compared with $202 billion at March 31, 2016 and $218 billion at Dec. 31, 2015.

16 Second Quarter 2016 – Financial Highlights Strategic Priorities Strategic Priorities to Drive Growth Driving Profitable Revenue Growth • Leveraging our scale and expertise to create new sources of value • Delivering innovative strategic solutions with strong potential upside Business Improvement Process • Funding additional regulatory requirements as well as enhancements to technology and servicing platforms • Improving margins in our businesses • Lowering expenses in nearly every expense category • Funding strategic growth investments Being a Strong, Safe, Trusted Counterparty • Strong liquidity and resilient capital positions • Non-objection to 2016 capital plan and annual stress test • Excellent balance sheet credit quality Generating Excess Capital and Deploying Capital Effectively • Executing on capital plan and returning value to shareholders • $694MM returned in common share repurchases and dividends in 2Q16 • Board approved previously announced common stock dividend increase of 12% and the repurchase of up to approximately $2.7 billion of common stock Attracting and Retaining Top Talent • Building robust leadership pipeline for the future• Improving talent, succession and development planning

17 Second Quarter 2016 – Financial Highlights Business Improvement Process COMPLETED • Expanded Wealth Management sales force, driving new revenue opportunities backed by a strong pipeline • Established Client Pricing Strategy group to develop, analyze and measure service delivery costs to better align costs with client pricing • Created dedicated technology solutions unit to drive technology- related revenue growth • Extended private banking solutions to Pershing clients • Created direct lending capability through investment management ONGOING • Strategic Platform Investments (Real Estate / Private Equity Administration, Asset and Hedge Fund Manager Middle-Office, Global Wealth Platforms) • Enhancing collateral management systems and foreign exchange (FX) platforms • Strengthening distribution of investment management strategies • Growing Dreyfus cash management solutions with Pershing and custody clients • Delivering integrated bank/brokerage custody platform for RIAs COMPLETED • Exiting derivatives, sales and trading business • Sold Meriten, our German-based boutique • Realigned our UK transfer agency operating model to improve profitability • Exited the derivatives clearing business • Streamlined our APAC Investment Management operations • Developed tools to reduce costs and improve the delivery of market data ONGOING • Simplifying and automating our end-to-end global processing • Optimizing and streamlining our technology infrastructure; lowering annual infrastructure investment • Reducing our real estate footprint; balancing our workforce globally ◦ Relocated more than 155 positions in 2Q16 • Analyzing and measuring our service delivery costs to better align our costs with client pricing • Implementing Bring Your Own Device (BYOD) policy Business Excellence Continuous Process Improvement Corporate Services Client Technology Solutions Excellence Business Partner Activity Process Revenue Initiatives Expense Initiatives

18 Second Quarter 2016 – Financial Highlights Total Shareholder Return and EPS Reconciliation Total Shareholder Return YTD 6/30/16 2015 2014 BNY Mellon (4.9)% 3.3% 18.3% 11-Member Peer Group Median (10.6)% (2.3)% 13.8% S&P 500 Financials (3.1)% (1.6)% 15.2% S&P 500 Index 3.8% 1.4% 13.7% Earnings per share Growth vs. 2Q16 1Q16 2Q15 1Q16 2Q15 GAAP results $ 0.75 $ 0.73 $ 0.73 Add: M&I, litigation and restructuring charges — 0.01 0.03 Non-GAAP results $ 0.76 1 $ 0.74 $ 0.77 1 3% (1)% 1 Does not foot due to rounding.

19 Second Quarter 2016 – Financial Highlights Investment Management . Growth vs. ($ in millions) 2Q16 1Q16 2Q15 Investment management and performance fees $ 817 3% (4)% Distribution and servicing 49 7 29 Other1 (10) N/M N/M Net interest revenue 82 (1) 6 Total Revenue 938 5% (5)% Provision for credit losses 1 N/M N/M Noninterest expense (ex. amortization of intangible assets) 684 4% (2)% Income before taxes (ex. amortization of intangible assets) 253 7% (11)% Amortization of intangible assets 19 —% (24)% Income before taxes $ 234 8% (10)% Pre-tax operating margin 25% 57 bps (138) bps Adjusted pre-tax operating margin2,3 31% 88 bps (295) 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 provision for credit losses and is net of distribution and servicing expense. 3 Represents a Non-GAAP measure. See Slide 25 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

20 Second Quarter 2016 – Financial Highlights Investment Services Growth vs. ($ in millions) 2Q16 1Q16 2Q15 Investment services fees: Asset servicing $ 1,043 3% —% Clearing services 350 1 1 Issuer services 233 (5) — Treasury services 137 6 (3) Total investment services fees 1,763 1 — Foreign exchange and other trading revenue 161 (4) (11) Other1 130 4 11 Net interest revenue 690 2 3 Total revenue 2,744 1% 1% Provision for credit losses (7) N/M N/M Noninterest expense (ex. amortization of intangible assets) $ 1,819 3 (3) Income before taxes (ex. amortization of intangible assets) 932 1% 10% Amortization of intangible assets 40 5 — Income before taxes $ 892 1% 11% Pre-tax operating margin 33% (20) bps +299 bps Pre-tax operating margin (ex. provision for credit losses and amortization of intangible assets) 34% (97) bps +246 bps 1 Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue and investment and other income. N/M - not meaningful bps – basis points

21 Second Quarter 2016 – Financial Highlights Expense, Pre-Tax Operating Margin & Operating Leverage - Non-GAAP Reconciliations 2Q16 1Q16 2Q15 QoQ Operating Leverage YoY Operating Leverage($ in millions) Total revenue – GAAP $ 3,776 $ 3,730 $ 3,886 1.23 % (2.83)% Less: Net income (loss) attributable to noncontrolling interests of consolidated investment management funds 4 (7) 37 Total revenue, as adjusted – Non-GAAP2 $ 3,772 $ 3,737 $ 3,849 0.94 % (2.00)% Total noninterest expense – GAAP $ 2,620 $ 2,629 $ 2,727 (0.34)% (3.92)% Less: Amortization of intangible assets 59 57 65 M&I, litigation and restructuring charges 7 17 59 Total noninterest expense excluding amortization of intangible assets and M&I, litigation and restructuring charges – Non-GAAP2 $ 2,554 $ 2,555 $ 2,603 (0.04)% (1.88)% Less: Provision for credit losses (9) 10 (6) Operating Leverage Income before income taxes, as adjusted – Non-GAAP2 $ 1,227 $ 1,172 $ 1,252 +157 bps +109 bps Operating Leverage (Non-GAAP) Pre-tax operating margin – Non-GAAP1,2,3 33% 31% 33% +98 bps (12) bps 1 Income before taxes divided by total revenue. 2 Non-GAAP information for all periods presented excludes net income (loss) attributable to noncontrolling interests of consolidated investment management funds, amortization of intangible assets and M&I, litigation and restructuring charges. Non-GAAP information for 4Q15 excludes the impairment charge related to a court decision regarding Sentinel. 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 $74 million for 2Q16, $77 million for 1Q16, $73 million for 4Q15, $53 million for 3Q15 and $52 million for 2Q15 and would increase our pre-tax operating margin by approximately 1.3% for 2Q16, 1.4% for 1Q16, 1.5% for 4Q15, 1.0% for 3Q15 and 0.9% for 2Q15. bps - basis points

22 Second Quarter 2016 – Financial Highlights Return on Tangible Common Equity Reconciliation 2Q16 1Q16 2Q15 ($ in millions) Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $ 825 $ 804 $ 830 Add: Amortization of intangible assets, net of tax 59 57 65 Less: Tax impact of amortization of intangible assets 21 20 21 Net income applicable to common shareholders of The Bank of New York Mellon Corporation excluding amortization of intangible assets – Non-GAAP 863 841 874 Add: M&I, litigation and restructuring charges 7 17 59 Less: Tax impact of M&I, litigation and restructuring charges 2 6 21 Net income applicable to common shareholders of The Bank of New York Mellon Corporation, as adjusted – Non-GAAP2 $ 868 $ 852 $ 912 Average common shareholders’ equity $ 35,826 $ 35,252 $ 35,516 Less: Average goodwill 17,622 17,562 17,752 Average intangible assets 3,789 3,812 4,031 Add: Deferred tax liability – tax deductible goodwill1 1,452 1,428 1,351 Deferred tax liability – intangible assets1 1,129 1,140 1,179 Average tangible common shareholders’ equity - Non-GAAP $ 16,996 $ 16,446 $ 16,263 Return on tangible common equity – Non-GAAP3 20.4% 20.6% 21.5% Return on tangible common equity – Non-GAAP adjusted2,3 20.5% 20.8% 22.5% 1 Deferred tax liabilities are based on fully phased-in Basel III rules. 2 Non-GAAP information for all periods presented excludes amortization of intangible assets, net of tax, and M&I, litigation and restructuring charges. Non-GAAP information for 4Q15 also excludes the impairment charge related to a court decision regarding Sentinel. 3 Annualized.

23 Second Quarter 2016 – Financial Highlights Basel III Capital Components & Ratios ($ in millions) 6/30/161 3/31/16 12/31/15 Transitional basis2 Fully Phased-in Non-GAAP3 Transitional basis 2 Fully Phased-in Non- GAAP3 Transitional basis 2 Fully Phased-in Non- GAAP3 CET1: Common shareholders’ equity $ 36,282 $ 36,007 $ 36,229 $ 35,907 $ 36,067 $ 35,485 Goodwill and intangible assets (17,614) (18,658) (17,760) (18,817) (17,295) (18,911) Net pension fund assets (53) (88) (54) (89) (46) (116) Equity method investments (322) (356) (324) (359) (296) (347) Deferred tax assets (14) (23) (14) (23) (8) (20) Other (1) (4) (8) (12) (5) (9) Total CET1 18,278 16,878 18,069 16,607 18,417 16,082 Other Tier 1 capital: Preferred stock 2,552 2,552 2,552 2,552 2,552 2,552 Trust preferred securities — — — — 74 — Deferred tax assets (9) — (9) — (12) — Net pension fund assets (35) — (36) — (70) — Other (113) (109) (11) (8) (25) (22) Total Tier 1 capital 20,673 19,321 20,565 19,151 20,936 18,612 Tier 2 capital: Trust preferred securities 161 — 173 — 222 — Subordinated debt 149 149 149 149 149 149 Allowance for credit losses 280 280 287 287 275 275 Other (6) (7) (2) (1) (12) (12) Total Tier 2 capital - Standardized Approach 584 422 607 435 634 412 Excess of expected credit losses 53 53 46 46 37 37 Less: Allowance for credit losses 280 280 287 287 275 275 Total Tier 2 capital - Advanced Approach $ 357 $ 195 $ 366 $ 194 $ 396 $ 174 Total capital: Standardized Approach $ 21,257 $ 19,743 $ 21,172 $ 19,586 $ 21,570 $ 19,024 Advanced Approach $ 21,030 $ 19,516 $ 20,931 $ 19,345 $ 21,332 $ 18,786 Risk-weighted assets: Standardized Approach $ 155,448 $ 154,182 $ 152,673 $ 151,388 $ 159,893 $ 158,015 Advanced Approach $ 179,457 $ 178,114 $ 170,709 $ 169,347 $ 170,384 $ 168,509 Standardized Approach: CET1 ratio 11.8% 10.9% 11.8% 11.0% 11.5% 10.2% Tier 1 capital ratio 13.3 12.5 13.5 12.7 13.1 11.8 Total (Tier 1 plus Tier 2) capital ratio 13.7 12.8 13.9 12.9 13.5 12.0 Advanced Approach: CET1 ratio 10.2% 9.5% 10.6% 9.8% 10.8% 9.5% Tier 1 capital ratio 11.5 10.8 12.0 11.3 12.3 11.0 Total (Tier 1 plus Tier 2) capital ratio 11.7 11.0 12.3 11.4 12.5 11.1 1 Preliminary. 2 Reflects transitional adjustments to CET1, Tier 1 capital and Tier 2 capital required under the U.S. capital rules. 3 Estimated.

24 Second Quarter 2016 – Financial Highlights Estimated Fully Phased-In SLR ($ in millions) 6/30/16 1 3/31/16 12/31/15 Transitional basis Fully phased-in (Non-GAAP)2 Transitional basis Fully phased-in (Non-GAAP)2 Transitional basis Fully phased-in (Non-GAAP)2 Consolidated: Tier 1 capital $ 20,673 $ 19,321 $ 20,565 $ 19,151 $ 20,936 $ 18,612 Total leverage exposure: Quarterly average total assets $ 374,220 $ 374,220 $ 364,554 $ 364,554 $ 368,590 $ 368,590 Less: Amounts deducted from Tier 1 capital 18,156 19,233 18,160 19,300 17,650 19,403 Total on-balance sheet assets 356,064 354,987 346,394 345,254 350,940 349,187 Off-balance sheet exposures: Potential future exposure for derivatives contracts (plus certain other items) 6,125 6,125 5,838 5,838 7,158 7,158 Repo-style transaction exposures 402 402 403 403 440 440 Credit-equivalent amount of other off-balance sheet exposures (less SLR exclusions) 24,122 24,122 24,950 24,950 26,025 26,025 Total off-balance sheet exposures 30,649 30,649 31,191 31,191 33,623 33,623 Total leverage exposure $ 386,713 $ 385,636 $ 377,585 $ 376,445 $ 384,563 $ 382,810 SLR - Consolidated3 5.3% 5.0% 5.4% 5.1% 5.4% 4.9% The Bank of New York Mellon, our largest bank subsidiary Tier 1 capital $ 18,042 $ 16,942 $ 17,322 $ 16,167 $ 16,814 $ 15,142 Total leverage exposure $ 322,879 $ 322,559 $ 313,331 $ 312,988 $ 316,812 $ 316,270 SLR - The Bank of New York Mellon3 5.6% 5.3% 5.5% 5.2% 5.3% 4.8% 1 June 30, 2016 information is preliminary. 2 Estimated 3 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 in 2018 as a required minimum ratio, 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. The insured depository institution subsidiaries of the U.S. G-SIBs, including those of BNY Mellon, must maintain a 6% SLR to be considered “well capitalized.”

25 Second Quarter 2016 – Financial Highlights Investment Management - Non-GAAP Reconciliations Pre-tax operating margin 2Q16 1Q16 2Q15($ in millions) Income before income taxes – GAAP $ 234 $ 217 $ 259 Add: Amortization of intangible assets 19 19 25 Provision for credit losses 1 (1) 3 Money market fee waivers 11 9 29 Income before income taxes excluding amortization of intangible assets, provision for credit losses and money market fee waivers – Non-GAAP $ 265 $ 244 $ 316 Total revenue – GAAP $ 938 $ 895 $ 987 Less: Distribution and servicing expense 102 100 95 Money market fee waivers benefiting distribution and servicing expense 15 23 37 Add: Money market fee waivers impacting total revenue 26 32 66 Total revenue net of distribution and servicing expense and excluding money market fee waivers - Non-GAAP $ 847 $ 804 $ 921 Pre-tax operating margin1 25% 24% 26% Pre-tax operating margin excluding amortization of intangible assets, provision for credit losses, money market fee waivers and net of distribution and servicing expense – Non-GAAP1 31% 30% 34% 1 Income before taxes divided by total revenue. Investment management and performance fees - Consolidated Growth vs. ($ in millions) 2Q16 2Q15 2Q15 Investment management and performance fees - GAAP $ 830 $ 878 (5)% Impact of changes in foreign currency exchange rates — (14) Investment management and performance fees, as adjusted - Non-GAAP $ 830 $ 864 (4)% Investment management fees - Investment Management business Growth vs. ($ in millions) 2Q16 2Q15 2Q15 Investment management fees - GAAP $ 808 $ 835 (3)% Impact of changes in foreign currency exchange rates — (14) Investment management fees, as adjusted - Non-GAAP $ 808 $ 821 (2)%