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 15, 2020

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.)

240 Greenwich Street

New York, New York 10286

(Address of principal executive offices) (Zip Code)

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

Not Applicable

(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:

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

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

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

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

Securities registered pursuant to Section 12(b) of the Act: Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	BK	New York Stock Exchange
Depositary Shares, each representing 1/4,000th of a share of Series C Noncumulative Perpetual Preferred Stock	BK PrC	New York Stock Exchange
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV	BK/P	New York Stock Exchange
(fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 15, 2020, The Bank of New York Mellon Corporation (“BNY Mellon”) released information on its financial results for the second quarter ended June 30, 2020. Copies of the Earnings Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

ITEM 7.01.    REGULATION FD DISCLOSURE.

On July 15, 2020, BNY Mellon will hold a conference call and webcast to discuss its financial results for the second quarter ended June 30, 2020 and outlook. A copy of the Financial Highlights presentation for the conference call and webcast is attached hereto as Exhibit 99.3.

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 15, 2020, announcing financial results for the second quarter of 2020.
	The quotation in Exhibit 99.1 (the “Excluded Section”) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY Mellon under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Section, shall be deemed “filed” for purposes of the Exchange Act.
99.2	The Bank of New York Mellon Corporation Financial Supplement dated July 15, 2020, for the second quarter of 2020.
	The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.
99.3	Second Quarter 2020 Financial Highlights Presentation dated July 15, 2020.
	The information included in Exhibit 99.3 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY Mellon under the Securities Act of 1933 or the Exchange Act.
104	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

2

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 15, 2020	By: /s/ James J. Killerlane III
	Name: James J. Killerlane III Title: Secretary

3

EX-99.1

News Release

BNY MELLON REPORTS SECOND QUARTER 2020 EARNINGS OF

$901 MILLION OR $1.01 PER COMMON SHARE

Revenue up 2% EPS flat ROE 9% ROTCE 19% (a) CET1 12.6% Tier 1 leverage 6.2%

NEW YORK, July 15, 2020 – The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) today reported:

							2Q20 vs.
	2Q20		1Q20		2Q19		1Q20		2Q19
Net income applicable to common shareholders (in millions)	$	901	$	944	$	969	(5	)%	(7	)%
Diluted earnings per common share	$	1.01	$	1.05	$	1.01	(4	)%	—	%

Second Quarter Results

Total revenue of $4.0 billion, increased 2%

• Fee revenue increased 2%

• Net interest revenue decreased 3%

Provision for credit losses of $143 million

Total noninterest expense of $2.7 billion, increased 1%

• Continued investments in technology

Investment Services

• Total revenue increased 3%

• Fee revenue increased 5%

• Income before taxes decreased 8%

• AUC/A of $37.3 trillion, increased 5%

Investment and Wealth Management

• Total revenue decreased 3%

• Income before taxes decreased 15%

• AUM of $2.0 trillion, increased 6%

Capital

• CET1 ratio 12.6%; increased ~ 125 bps in 2Q20

• Increased CET1 capital by $1.57 billion

• Tier 1 capital increased $2.55 billion, including issuance of $1 billion of preferred stock

CEO Commentary

“For the second quarter, we delivered solid results, with all of our Investment Services businesses demonstrating resilient fee performance. Our EPS of $1.01 was flat year on year despite the impact of the lower interest rate environment and higher allowance for credit losses. We further bolstered our Common Equity Tier 1 ratio to 12.6 percent, and achieved a strong return on tangible common equity of 19 percent,” Todd Gibbons, Chief Executive Officer, said.

“We are seeing momentum across most of our businesses as we continue to drive improved performance and capabilities across the company, and as we benefit from higher volumes and volatility versus a year ago,” Mr. Gibbons added.

“As we look ahead to the remainder of 2020, downside risks remain from the economic uncertainty and the significant pressure from low interest rates. Despite this, our underlying business remains strong, benefiting from the improving quality and efficiency of our operations and the level of the client experience. This should provide opportunities to deepen our relationships with clients. I remain deeply proud of our 48,000+ employees and how they continue to adapt and deliver great client service during this challenging time,” Mr. Gibbons further noted.

“I would be remiss if I didn’t reflect on the first half of 2020—a period when we have been faced with the gravity of a global pandemic and with societal unrest spurred by racial injustice. Both have significant implications for how we operate as a business and as a corporate citizen. Our clients, communities and society at large can continue to rely on BNY Mellon to be a trusted steward. We have a relentless ambition to have a more profound impact on the world around us—helping us deliver sustainable long-term value to our shareholders,” Mr. Gibbons concluded.

Media Relations: Jennifer Hendricks Sullivan (212) 635-1374	Investor Relations: Magda Palczynska (212) 635-8529
(a) For information on this Non-GAAP measure, see “Supplemental Information – Explanation of GAAP and Non-GAAP financial measures” on page 8.
Note: Above comparisons are 2Q20 vs. 2Q19.

BNY Mellon 2Q20 Earnings Release

CONSOLIDATED FINANCIAL HIGHLIGHTS

(in millions, except per share amounts and unless otherwise noted; not meaningful - N/M)										2Q20 vs.
	2Q20			1Q20			2Q19			1Q20		2Q19
Fee revenue	$	3,167		$	3,323		$	3,105		(5	)%	2	%
Net securities gains	9			9			7			N/M		N/M
Total fee and other revenue	3,176			3,332			3,112			(5	)	2
Income (loss) from consolidated investment management funds	54			(38		)	10			N/M		N/M
Net interest revenue	780			814			802			(4	)	(3	)
Total revenue	4,010			4,108			3,924			(2	)	2
Provision for credit losses	143			169			(8		)	N/M		N/M
Noninterest expense	2,686			2,712			2,647			(1	)	1
Income before income taxes	1,181			1,227			1,285			(4	)	(8	)
Provision for income taxes	216			265			264			(18	)	(18	)
Net income	$	965		$	962		$	1,021		—		(5	)%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	901		$	944		$	969		(5	)%	(7	)%
Operating leverage (a)										(143	) bps	72	bps
Diluted earnings per common share	$	1.01		$	1.05		$	1.01		(4	)%	—
Average common shares and equivalents outstanding - diluted (in thousands)	890,561			896,689			953,928
Pre-tax operating margin	29		%	30		%	33		%

(a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.

bps – basis points.

KEY DRIVERS (comparisons are 2Q20 vs. 2Q19, unless otherwise stated)

• Total revenue increased 2% primarily reflecting:

• Fee revenue increased 2% primarily reflecting higher fees in Pershing and Asset Servicing, partially offset by money market fee waivers, lower investment management fees and the unfavorable impact of a stronger U.S. dollar.

• Net interest revenue decreased 3% primarily reflecting lower interest rates on interest-earning assets, partially offset by the benefit of lower deposit and funding rates and higher deposits, securities portfolio and loans.

• Provision for credit losses of $143 million primarily reflecting increased downgrades and the continuation of the challenging macroeconomic outlook.

• Noninterest expense increased 1% primarily reflecting the continued investments in technology and higher staff and pension expenses, partially offset by lower business development (travel and marketing) expense and the favorable impact of a stronger U.S. dollar.

• Effective tax rate of 18.3%.

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

• AUC/A of $37.3 trillion, increased 5%, primarily reflecting higher client inflows, market values and net new business, partially offset by the unfavorable impact of a stronger U.S. dollar.

• AUM of $2.0 trillion, increased 6%, primarily reflecting higher market values and net inflows, partially offset by the unfavorable impact of a stronger U.S. dollar (principally versus the British pound).

Capital and liquidity

• Open market share repurchases temporarily suspended for 2Q20 and 3Q20.

• Paid $278 million in dividends to common shareholders.

• Return on common equity (“ROE”) of 9%; Return on tangible common equity (“ROTCE”) of 19%(a).

• Common Equity Tier 1 (“CET1”) ratio – 12.6%.

• Tier 1 leverage ratio – 6.2%.

• Supplementary leverage ratio (“SLR”) – 8.2%(b).

• Average liquidity coverage ratio (“LCR”) – 112%.

• Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements.

(a) See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” on page 8 for additional information.

(b) See “Capital and Liquidity” on page 6 for additional information.

Note: Throughout this document, sequential growth rates are unannualized.

Page - 2

BNY Mellon 2Q20 Earnings Release

INVESTMENT SERVICES BUSINESS HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)										2Q20 vs.
	2Q20			1Q20			2Q19			1Q20		2Q19
Total revenue by line of business:
Asset Servicing	$	1,463		$	1,531		$	1,397		(4	)%	5	%
Pershing	578			653			572			(11	)	1
Issuer Services	431			419			446			3		(3	)
Treasury Services	340			339			317			—		7
Clearance and Collateral Management	295			300			284			(2	)	4
Total revenue by line of business	3,107			3,242			3,016			(4	)	3
Provision for credit losses	145			149			(4		)	N/M		N/M
Noninterest expense	1,989			1,987			1,963			—		1
Income before taxes	$	973		$	1,106		$	1,057		(12	)%	(8	)%
Pre-tax operating margin	31		%	34		%	35		%
Foreign exchange and other trading revenue	$	178		$	261		$	153		(32	)%	16	%
Securities lending revenue	$	51		$	46		$	40		11	%	28	%
Metrics:
Average loans	$	43,113		$	41,789		$	36,404		3	%	18	%
Average deposits	$	268,467		$	242,187		$	201,146		11	%	33	%
AUC/A at period end (in trillions) (current period is preliminary) (a)	$	37.3		$	35.2		$	35.5		6	%	5	%
Market value of securities on loan at period end (in billions) (b)	$	384		$	389		$	369		(1	)%	4	%

(a) Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.3 trillionatJune 30, 2020, $1.2 trillion at March 31, 2020 and $1.4 trillion at June 30, 2019.

(b) Represents the total amount of securities on loan in our agency securities lending program managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $62 billionatJune 30, 2020, $59 billion at March 31, 2020 and $64 billionatJune 30, 2019.

KEY DRIVERS

• The drivers of the total revenue variances by line of business are indicated below.

• Asset Servicing - The year-over-year increase reflects higher foreign exchange and other trading revenue, partially offset by lower net interest revenue. The sequential decrease reflects lower foreign exchange and other trading revenue and net interest revenue. Total revenue in 2Q20 also benefited from higher volumes from existing clients and a one-time fee.

• Pershing - The year-over-year increase primarily reflects higher money market fund balances and clearing volumes, partially offset by the impact of rate-driven money market fee waivers. The sequential decrease primarily reflects the impact of rate-driven money market fee waivers, a one-time fee recorded in 1Q20 and lower clearing volumes, partially offset by higher money market fund balances.

• Issuer Services - The year-over-year decrease reflects lower Depositary Receipts and Corporate Trust fees. The sequential increase primarily reflects higher Depositary Receipts fees.

• Treasury Services - The year-over-year increase primarily reflects higher net interest revenue driven by deposit growth and higher fees.

• Clearance and Collateral Management - The year-over-year increase primarily reflects higher net interest revenue and growth in collateral management and clearance volumes, mostly from non-U.S. clients. The sequential decrease primarily reflects lower collateral management fees.

• Noninterest expense increased 1% year-over-year primarily driven by continued investments in technology, partially offset by lower business development and staff expenses. Sequentially, noninterest expense increased slightly reflecting continued investments in technology, offset by lower staff expense.

Page - 3

BNY Mellon 2Q20 Earnings Release

INVESTMENT AND WEALTH MANAGEMENT BUSINESS HIGHLIGHTS

(formerly Investment Management business)

(dollars in millions, unless otherwise noted; not meaningful - N/M)										2Q20 vs.
	2Q20			1Q20			2Q19			1Q20		2Q19
Total revenue by line of business:
Investment Management (formerly Asset Management)	$	621		$	620		$	622		—		—
Wealth Management	265			278			291			(5	)	(9	)
Total revenue by line of business	886			898			913			(1	)	(3	)
Provision for credit losses	7			9			(2		)	N/M		N/M
Noninterest expense	658			695			655			(5	)	—
Income before taxes	$	221		$	194		$	260		14	%	(15	)%
Pre-tax operating margin	25		%	22		%	29		%
Adjusted pre-tax operating margin – Non-GAAP (a)	28		%	24		%	32		%
Metrics:
Average loans	$	11,791		$	12,124		$	12,205		(3	)%	(3	)%
Average deposits	$	17,491		$	16,144		$	14,615		8	%	20	%
AUM (in billions) (current period is preliminary) (b)	$	1,961		$	1,796		$	1,843		9	%	6	%
Wealth Management client assets (in billions) (current period is preliminary) (c)	$	254		$	236		$	257		8	%	(1	)%

(a) Net of distribution and servicing expense. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” on page 8 for information on this Non-GAAP measure.

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

(c) Includes AUM and AUC/A in the Wealth Management business.

KEY DRIVERS

• The drivers of the total revenue variances by line of business are indicated below.

• Investment Management (formerly Asset Management) - The year-over-year decrease primarily reflects the unfavorable change in the mix of AUM since 2Q19 and the impact of money market fee waivers, partially offset by equity investment gains (net of hedges), including seed capital. The sequential increase primarily reflects equity investment gains (net of hedges), including seed capital, partially offset by the timing of performance fees and the impact of money market fee waivers.

• Wealth Management - Both decreases primarily reflect lower net interest revenue and a shift within portfolios to lower fee asset classes.

• Noninterest expense increased slightly year-over-year primarily reflecting higher continued investments in technology. The sequential decrease primarily reflects lower staff and other expenses.

Page - 4

BNY Mellon 2Q20 Earnings Release

OTHER SEGMENT primarily includes leasing operations, certain corporate treasury activities, derivatives, business exits and other corporate revenue and expense items.

(in millions)	2Q20			1Q20			2Q19
Fee revenue	$	29		$	21		$	24
Net securities gains	9			9			7
Total fee and other revenue	38			30			31
Net interest (expense)	(36		)	(44		)	(40		)
Total revenue (loss)	2			(14		)	(9		)
Provision for credit losses	(9		)	11			(2		)
Noninterest expense	39			30			29
(Loss) before taxes	$	(28	)	$	(55	)	$	(36	)

KEY DRIVERS

• Fee revenue, net securities gains and net interest expense include corporate treasury and other investment activity, including hedging activity which offsets between fee revenue and net interest expense. Fee revenue increased year-over-year and sequentially primarily reflecting higher equity investment income, partially offset by sequentially lower foreign currency translation gains. Net interest expense decreased year-over-year and sequentially primarily reflecting corporate treasury activity.

• Noninterest expense increased year-over-year and sequentially primarily reflecting higher staff expense.

Page - 5

BNY Mellon 2Q20 Earnings Release

CAPITAL AND LIQUIDITY

Capital and liquidity ratios	June 30, 2020			March 31, 2020			Dec. 31, 2019
Consolidated regulatory capital ratios: (a)
CET1 ratio	12.6		%	11.3		%	11.5		%
Tier 1 capital ratio	15.4			13.5			13.7
Total capital ratio	16.3			14.3			14.4
Tier 1 leverage ratio	6.2			6.0			6.6
SLR	8.2			5.6			6.1
BNY Mellon shareholders’ equity to total assets ratio	9.9		%	8.8		%	10.9		%
BNY Mellon common shareholders’ equity to total assets ratio	8.9		%	8.0		%	9.9		%
Average LCR	112		%	115		%	120		%
Book value per common share	$	44.21		$	42.47		$	42.12
Tangible book value per common share – Non-GAAP (b)	$	23.31		$	21.53		$	21.33
Common shares outstanding (in thousands)	885,862			885,443			900,683

(a) Regulatory capital ratios for June 30, 2020 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2020 and Dec. 31, 2019, was the Advanced Approaches, and for March 31, 2020 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.

(b) Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” on page 8 for information on this Non-GAAP measure.

• CET1 capital totaled $20.0 billion at June 30, 2020, an increase of $1.57 billion compared with March 31, 2020. The increase primarily reflects capital generated through earnings and unrealized gains on securities available-for-sale, partially offset by capital deployed through dividend payments.

• The SLR reflects the application of a new rule effective April 1, 2020 to exclude certain central bank placements as well as the temporary exclusion of U.S. Treasury securities from the leverage exposure used in the SLR calculation. The temporary exclusion of U.S. Treasury securities from the SLR’s leverage exposure increased our SLR by 40 basis points.

NET INTEREST REVENUE

Net interest revenue										2Q20 vs.
(dollars in millions; not meaningful - N/M)	2Q20			1Q20			2Q19			1Q20		2Q19
Net interest revenue	$	780		$	814		$	802		(4	)%	(3	)%
Add: Tax equivalent adjustment	2			2			4			N/M		N/M
Net interest revenue, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a)	$	782		$	816		$	806		(4	)%	(3	)%
Net interest margin	0.88		%	1.01		%	1.12		%	(13	) bps	(24	) bps
Net interest margin (FTE) – Non-GAAP (a)	0.88		%	1.01		%	1.12		%	(13	) bps	(24	) bps

(a) Net interest revenue (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” on page 8 for information on this Non-GAAP measure.

bps – basis points.

Net interest revenue decreased year-over-year, primarily reflecting lower interest rates on interest-earning assets, partially offset by the benefit of lower deposit and funding rates and higher deposits, securities portfolio and loans.

Sequentially, the decrease was primarily driven by lower interest rates on interest-earning assets. This was partially offset by the benefit of lower deposit and funding rates, higher securities portfolio and the impact of hedging activities (primarily offset in foreign exchange and other trading revenue).

Page - 6

BNY Mellon 2Q20 Earnings Release

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement

(in millions)	Quarter ended									Year-to-date
	June 30, 2020			March 31, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Fee and other revenue
Investment services fees:
Asset servicing fees	$	1,173		$	1,159		$	1,141		$	2,332		$	2,263
Clearing services fees	431			470			410			901			808
Issuer services fees	277			263			291			540			542
Treasury services fees	144			149			140			293			272
Total investment services fees	2,025			2,041			1,982			4,066			3,885
Investment management and performance fees	786			862			833			1,648			1,674
Foreign exchange and other trading revenue	166			319			166			485			336
Financing-related fees	58			59			50			117			101
Distribution and servicing	27			31			31			58			62
Investment and other income	105			11			43			116			78
Total fee revenue	3,167			3,323			3,105			6,490			6,136
Net securities gains	9			9			7			18			8
Total fee and other revenue	3,176			3,332			3,112			6,508			6,144
Operations of consolidated investment management funds
Investment income (loss)	54			(38		)	10			16			36
Interest of investment management fund note holders	—			—			—			—			—
Income (loss) from consolidated investment management funds	54			(38		)	10			16			36
Net interest revenue
Interest revenue	943			1,570			1,965			2,513			3,885
Interest expense	163			756			1,163			919			2,242
Net interest revenue	780			814			802			1,594			1,643
Total revenue	4,010			4,108			3,924			8,118			7,823
Provision for credit losses	143			169			(8		)	312			(1		)
Noninterest expense
Staff	1,464			1,482			1,421			2,946			2,945
Software and equipment	345			326			304			671			587
Professional, legal and other purchased services	337			330			337			667			662
Net occupancy	137			135			138			272			275
Sub-custodian and clearing	120			105			115			225			220
Distribution and servicing	85			91			94			176			185
Bank assessment charges	35			35			31			70			62
Business development	20			42			56			62			101
Amortization of intangible assets	26			26			30			52			59
Other	117			140			121			257			250
Total noninterest expense	2,686			2,712			2,647			5,398			5,346
Income
Income before income taxes	1,181			1,227			1,285			2,408			2,478
Provision for income taxes	216			265			264			481			501
Net income	965			962			1,021			1,927			1,977
Net (income) loss attributable to noncontrolling interests (includes $(15), $18, $(4), $3 and $(14) related to consolidated investment management funds, respectively)	(15		)	18			(4		)	3			(14		)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	950			980			1,017			1,930			1,963
Preferred stock dividends	(49		)	(36		)	(48		)	(85		)	(84		)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	901		$	944		$	969		$	1,845		$	1,879

Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation	Quarter ended						Year-to-date
	June 30, 2020		March 31, 2020		June 30, 2019		June 30, 2020		June 30, 2019
(in dollars)
Basic	$	1.01	$	1.05	$	1.01	$	2.06	$	1.95
Diluted	$	1.01	$	1.05	$	1.01	$	2.06	$	1.95

Page - 7

BNY Mellon 2Q20 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 on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.

Net interest revenue, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison 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.

BNY Mellon has also included the adjusted pre-tax operating margin – Non-GAAP, which is the pre-tax operating margin for the Investment and Wealth Management business net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. We believe that this measure is useful when evaluating the performance of the Investment and Wealth Management business relative to industry competitors.

For the reconciliations of these Non-GAAP measures, see “Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures” in the Financial Supplement available at www.bnymellon.com.

CAUTIONARY STATEMENT

A number of statements (i) in this Earnings Release, (ii) in our Financial Supplement, (iii) in our presentations and (iv) 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 statements about our capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, resiliency, capabilities, revenue, net interest revenue, fees, expenses, cost discipline, sustainable growth, company management, deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding our aspirations, as well as our overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. 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,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “future” and words of similar meaning may signify forward-looking statements. These statements and other forward-looking statements contained in other public disclosures of BNY Mellon 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 a number of factors, including, but not limited to, the risk factors and other uncertainties set forth in BNY Mellon’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, the Annual Report on Form 10-K for the year ended Dec. 31, 2019 and BNY Mellon’s other filings with the Securities and Exchange Commission. Statements about the effects of the current and near-term market and macroeconomic outlook on BNY Mellon, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and 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 BNY Mellon’s control), including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on us, our clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as BNY Mellon completes its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. All forward-looking statements in this Earnings Release speak only as of July 15, 2020, 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 - 8

BNY Mellon 2Q20 Earnings Release

ABOUT BNY MELLON

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 and wealth management and investment services in 35 countries. As of June 30, 2020, BNY Mellon had $37.3 trillion in assets under custody and/or administration, and $2.0 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.

CONFERENCE CALL INFORMATION

Todd Gibbons, Chief Executive Officer, and Mike Santomassimo, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8:00 a.m. EDT on July 15, 2020. This conference call and audio webcast will include forward-looking statements and may include other material information.

Investors and analysts wishing to access the conference call and audio webcast may do so by dialing (800) 390-5696 (U.S.) or (720) 452-9082 (International), and using the passcode: 807070, or by logging onto www.bnymellon.com/investorrelations. Earnings materials will be available at www.bnymellon.com/investorrelations beginning at approximately 6:30 a.m. EDT on July 15, 2020. Replays of the conference call and audio webcast will be available beginning July 15, 2020 at approximately 2:00 p.m. EDT through Aug. 14, 2020 by dialing (888) 203-1112 (U.S.) or (719) 457-0820 (International), and using the passcode: 5375940. The archived version of the conference call and audio webcast will also be available at www.bnymellon.com/investorrelations for the same time period.

Page - 9

EX-99.2

The Bank of New York Mellon Corporation

Financial Supplement

Second Quarter 2020

Table of Contents
Consolidated Results		Page
Consolidated Financial Highlights		3
Condensed Consolidated Income Statement		4
Condensed Consolidated Balance Sheet		5
Fee and Other Revenue		6
Average Balances and Interest Rates		7
Capital and Liquidity		8
Business Segment Results
Investment Services Business		9
Investment and Wealth Management Business		11
AUM by Product, AUM Flows and Wealth Management Client Assets		12
Other Segment		13
Other
Securities Portfolio		14
Allowance for Credit Losses and Nonperforming Assets		15
Supplemental Information – Explanation of GAAP and Non-GAAP Financial Measures		16

THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																2Q20 vs.										YTD20 vs.
	2Q20			1Q20			4Q19			3Q19			2Q19			1Q20		2Q19		YTD20			YTD19			YTD19
Selected income statement data
Fee revenue	$	3,167		$	3,323		$	3,971		$	3,129		$	3,105		(5	)%	2	%	$	6,490		$	6,136		6	%
Net securities gains (losses)	9			9			(25		)	(1		)	7			N/M		N/M		18			8			N/M
Total fee and other revenue	3,176			3,332			3,946			3,128			3,112			(5	)	2		6,508			6,144			6
Income (loss) from consolidated investment management funds	54			(38		)	17			3			10			N/M		N/M		16			36			N/M
Net interest revenue	780			814			815			730			802			(4	)	(3	)	1,594			1,643			(3	)
Total revenue	4,010			4,108			4,778			3,861			3,924			(2	)	2		8,118			7,823			4
Provision for credit losses	143			169			(8		)	(16		)	(8		)	N/M		N/M		312			(1		)	N/M
Noninterest expense	2,686			2,712			2,964			2,590			2,647			(1	)	1		5,398			5,346			1
Income before income taxes	1,181			1,227			1,822			1,287			1,285			(4	)	(8	)	2,408			2,478			(3	)
Provision for income taxes	216			265			373			246			264			(18	)	(18	)	481			501			(4	)
Net income	$	965		$	962		$	1,449		$	1,041		$	1,021		—	%	(5	)%	$	1,927		$	1,977		(3	)%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	901		$	944		$	1,391		$	1,002		$	969		(5	)%	(7	)%	$	1,845		$	1,879		(2	)%
Diluted earnings per common share	$	1.01		$	1.05		$	1.52		$	1.07		$	1.01		(4	)%	—	%	$	2.06		$	1.95		6	%
Average common shares and equivalents outstanding - diluted (in thousands)	890,561			896,689			914,739			935,677			953,928			(1	)%	(7	)%	893,603			959,957			(7	)%
Financial ratios(Quarterly returns are annualized)
Pre-tax operating margin	29		%	30		%	38		%	33		%	33		%					30		%	32		%
Return on common equity	9.4		%	10.1		%	14.6		%	10.6		%	10.4		%					9.7		%	10.2		%
Return on tangible common equity – Non-GAAP (a)	18.5		%	20.4		%	29.3		%	21.4		%	21.2		%					19.4		%	20.9		%
Non-U.S. revenue as a percentage of total revenue	36		%	36		%	31		%	37		%	36		%					36		%	36		%
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	37.3		$	35.2		$	37.1		$	35.8		$	35.5		6	%	5	%
Assets under management (“AUM”) (in trillions)	$	1.96		$	1.80		$	1.91		$	1.88		$	1.84		9	%	6	%
Full-time employees	48,300			47,900			48,400			48,700			49,100			1	%	(2	)%
Book value per common share	$	44.21		$	42.47		$	42.12		$	40.75		$	40.30
Tangible book value per common share – Non-GAAP (a)	$	23.31		$	21.53		$	21.33		$	20.59		$	20.45
Cash dividends per common share	$	0.31		$	0.31		$	0.31		$	0.31		$	0.28
Common dividend payout ratio	31		%	30		%	20		%	29		%	28		%
Closing stock price per common share	$	38.65		$	33.68		$	50.33		$	45.21		$	44.15
Market capitalization	$	34,239		$	29,822		$	45,331		$	41,693		$	41,619
Common shares outstanding (in thousands)	885,862			885,443			900,683			922,199			942,662
Capital ratios at period end(c)
Common Equity Tier 1 ("CET1") ratio	12.6		%	11.3		%	11.5		%	11.1		%	11.1		%
Tier 1 capital ratio	15.4		%	13.5		%	13.7		%	13.2		%	13.2		%
Total capital ratio	16.3		%	14.3		%	14.4		%	14.0		%	14.0		%
Tier 1 leverage ratio	6.2		%	6.0		%	6.6		%	6.5		%	6.8		%
Supplementary leverage ratio ("SLR")	8.2		%	5.6		%	6.1		%	6.0		%	6.3		%
(a)    Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of Non-GAAP measures.
(b)    Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.3 trillion at June 30, 2020, $1.2 trillion at March 31, 2020, $1.5 trillion at Dec. 31, 2019 and $1.4 trillion at Sept. 30, 2019 and June 30, 2019.
(c)    Regulatory capital ratios for June 30, 2020 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2020, Dec. 31, 2019, Sept. 30, 2019 and June 30, 2019, was the Advanced Approaches, and for March 31, 2020 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.
N/M - Not meaningful.

3

THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)																2Q20 vs.										YTD20 vs.
	2Q20			1Q20			4Q19			3Q19			2Q19			1Q20		2Q19		YTD20			YTD19			YTD19
Revenue
Investment services fees:
Asset servicing fees	$	1,173		$	1,159		$	1,148		$	1,152		$	1,141		1	%	3	%	$	2,332		$	2,263		3	%
Clearing services fees	431			470			421			419			410			(8	)	5		901			808			12
Issuer services fees	277			263			264			324			291			5		(5	)	540			542			—
Treasury services fees	144			149			147			140			140			(3	)	3		293			272			8
Total investment services fees	2,025			2,041			1,980			2,035			1,982			(1	)	2		4,066			3,885			5
Investment management and performance fees	786			862			883			832			833			(9	)	(6	)	1,648			1,674			(2	)
Foreign exchange and other trading revenue	166			319			168			150			166			(48	)	—		485			336			44
Financing-related fees	58			59			46			49			50			(2	)	16		117			101			16
Distribution and servicing	27			31			34			33			31			(13	)	(13	)	58			62			(6	)
Investment and other income	105			11			860			30			43			N/M		N/M		116			78			N/M
Total fee revenue	3,167			3,323			3,971			3,129			3,105			(5	)	2		6,490			6,136			6
Net securities gains (losses)	9			9			(25		)	(1		)	7			N/M		N/M		18			8			N/M
Total fee and other revenue	3,176			3,332			3,946			3,128			3,112			(5	)	2		6,508			6,144			6
Income (loss) from consolidated investment management funds	54			(38		)	17			3			10			N/M		N/M		16			36			N/M
Net interest revenue	780			814			815			730			802			(4	)	(3	)	1,594			1,643			(3	)
Total revenue	4,010			4,108			4,778			3,861			3,924			(2	)	2		8,118			7,823			4
Provision for credit losses	143			169			(8		)	(16		)	(8		)	N/M		N/M		312			(1		)	N/M
Noninterest expense
Staff	1,464			1,482			1,639			1,479			1,421			(1	)	3		2,946			2,945			—
Software and equipment	345			326			326			309			304			6		13		671			587			14
Professional, legal and other purchased services	337			330			367			316			337			2		—		667			662			1
Net occupancy	137			135			151			138			138			1		(1	)	272			275			(1	)
Sub-custodian and clearing	120			105			119			111			115			14		4		225			220			2
Distribution and servicing	85			91			92			97			94			(7	)	(10	)	176			185			(5	)
Bank assessment charges	35			35			32			31			31			—		13		70			62			13
Business development	20			42			65			47			56			(52	)	(64	)	62			101			(39	)
Amortization of intangible assets	26			26			28			30			30			—		(13	)	52			59			(12	)
Other	117			140			145			32			121			(16	)	(3	)	257			250			3
Total noninterest expense	2,686			2,712			2,964			2,590			2,647			(1	)	1		5,398			5,346			1
Income before income taxes	1,181			1,227			1,822			1,287			1,285			(4	)	(8	)	2,408			2,478			(3	)
Provision for income taxes	216			265			373			246			264			(18	)	(18	)	481			501			(4	)
Net income	965			962			1,449			1,041			1,021			—		(5	)	1,927			1,977			(3	)
Net (income) loss attributable to noncontrolling interests	(15		)	18			(9		)	(3		)	(4		)	N/M		N/M		3			(14		)	N/M
Preferred stock dividends	(49		)	(36		)	(49		)	(36		)	(48		)	N/M		N/M		(85		)	(84		)	1
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	901		$	944		$	1,391		$	1,002		$	969		(5	)%	(7	)%	$	1,845		$	1,879		(2	)%
Average common shares and equivalents outstanding: Basic	889,020			894,122			911,324			933,264			951,281			(1	)%	(7	)%	891,642			956,887			(7	)%
Diluted	890,561			896,689			914,739			935,677			953,928			(1	)%	(7	)%	893,603			959,957			(7	)%
Earnings per common share: Basic	$	1.01		$	1.05		$	1.52		$	1.07		$	1.01		(4	)%	—	%	$	2.06		$	1.95		6	%
Diluted	$	1.01		$	1.05		$	1.52		$	1.07		$	1.01		(4	)%	—	%	$	2.06		$	1.95		6	%
N/M - Not meaningful.

4

THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
	2020						2019
(in millions)	June 30			March 31			Dec. 31			Sept. 30			June 30
Assets
Cash and due from banks	$	4,776		$	5,091		$	4,830		$	6,718		$	5,556
Interest-bearing deposits with the Federal Reserve and other central banks	112,728			146,535			95,042			73,811			69,700
Interest-bearing deposits with banks	18,045			22,672			14,811			15,417			15,491
Federal funds sold and securities purchased under resale agreements	36,638			27,363			30,182			43,723			61,201
Securities	154,682			139,273			123,033			122,340			120,142
Trading assets	14,150			12,918			13,571			10,180			8,629
Loans	55,397			62,368			54,953			54,881			52,396
Allowance for loan losses	(302		)	(140		)	(122		)	(127		)	(146		)
Net loans	55,095			62,228			54,831			54,754			52,250
Premises and equipment	3,598			3,514			3,625			3,149			2,970
Accrued interest receivable	540			576			624			596			658
Goodwill	17,253			17,240			17,386			17,248			17,337
Intangible assets	3,045			3,070			3,107			3,124			3,160
Other assets	21,306			27,446			20,221			21,727			23,737
Subtotal assets of operations	441,856			467,926			381,263			372,787			380,831
Assets of consolidated investment management funds, at fair value	460			229			245			381			337
Total assets	$	442,316		$	468,155		$	381,508		$	373,168		$	381,168
Liabilities
Deposits	$	305,470		$	336,717		$	259,466		$	249,660		$	252,877
Federal funds purchased and securities sold under repurchase agreements	14,512			13,128			11,401			11,796			11,757
Trading liabilities	5,595			6,625			4,841			4,756			3,768
Payables to customers and broker-dealers	25,012			24,016			18,758			18,364			18,946
Commercial paper	665			1,121			3,959			3,538			8,894
Other borrowed funds	1,628			1,544			599			820			1,921
Accrued taxes and other expenses	5,029			4,705			5,642			5,081			5,045
Other liabilities	12,869			11,425			7,612			9,796			7,916
Long-term debt	27,566			27,494			27,501			27,872			28,203
Subtotal liabilities of operations	398,346			426,775			339,779			331,683			339,327
Liabilities of consolidated investment management funds, at fair value	4			1			1			15			6
Total liabilities	398,350			426,776			339,780			331,698			339,333
Temporary equity
Redeemable noncontrolling interests	157			140			143			147			136
Permanent equity
Preferred stock	4,532			3,542			3,542			3,542			3,542
Common stock	14			14			14			14			14
Additional paid-in capital	27,702			27,644			27,515			27,471			27,406
Retained earnings	33,224			32,601			31,894			30,789			30,081
Accumulated other comprehensive loss, net of tax	(1,943		)	(2,827		)	(2,638		)	(2,893		)	(2,688		)
Less: Treasury stock, at cost	(19,832		)	(19,829		)	(18,844		)	(17,803		)	(16,822		)
Total The Bank of New York Mellon Corporation shareholders’ equity	43,697			41,145			41,483			41,120			41,533
Nonredeemable noncontrolling interests of consolidated investment management funds	112			94			102			203			166
Total permanent equity	43,809			41,239			41,585			41,323			41,699
Total liabilities, temporary equity and permanent equity	$	442,316		$	468,155		$	381,508		$	373,168		$	381,168

5

THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE
																2Q20 vs.										YTD20 vs.
(dollars in millions)	2Q20			1Q20			4Q19			3Q19			2Q19			1Q20		2Q19		YTD20			YTD19			YTD19
Investment services fees:
Asset servicing fees (a)	$	1,117		$	1,108		$	1,104		$	1,109		$	1,097		1	%	2	%	$	2,225		$	2,171		2	%
Securities lending revenue	56			51			44			43			44			10		27		107			92			16
Clearing services fees (b)	431			470			421			419			410			(8	)	5		901			808			12
Issuer services fees	277			263			264			324			291			5		(5	)	540			542			—
Treasury services fees	144			149			147			140			140			(3	)	3		293			272			8
Total investment services fees	2,025			2,041			1,980			2,035			1,982			(1	)	2		4,066			3,885			5
Investment management and performance fees (c)
Investment management fees	781			812			835			830			831			(4	)	(6	)	1,593			1,641			(3	)
Performance fees	5			50			48			2			2			N/M		N/M		55			33			67
Total investment management and performance fees (d)	786			862			883			832			833			(9	)	(6	)	1,648			1,674			(2	)
Foreign exchange and other trading revenue:
Foreign exchange	174			253			138			129			150			(31	)	16		427			310			38
Other trading revenue	(8		)	66			30			21			16			N/M		N/M		58			26			N/M
Total foreign exchange and other trading revenue	166			319			168			150			166			(48	)	—		485			336			44
Financing-related fees	58			59			46			49			50			(2	)	16		117			101			16
Distribution and servicing	27			31			34			33			31			(13	)	(13	)	58			62			(6	)
Investment and other income:
Corporate/bank-owned life insurance	36			36			43			33			32			N/M		N/M		72			62			N/M
Expense reimbursements from joint venture	19			21			20			21			19			N/M		N/M		40			38			N/M
Asset-related gains	3			4			815			2			1			N/M		N/M		7			2			N/M
Seed capital gains (losses) (c)	23			(31		)	4			—			8			N/M		N/M		(8		)	10			N/M
Other income (loss)	24			(19		)	(22		)	(26		)	(17		)	N/M		N/M		5			(34		)	N/M
Total investment and other income (c)	105			11			860			30			43			N/M		N/M		116			78			N/M
Total fee revenue	3,167			3,323			3,971			3,129			3,105			(5	)	2		6,490			6,136			6
Net securities gains (losses)	9			9			(25		)	(1		)	7			N/M		N/M		18			8			N/M
Total fee and other revenue	$	3,176		$	3,332		$	3,946		$	3,128		$	3,112		(5	)%	2	%	$	6,508		$	6,144		6	%
(a)    Asset servicing fees include the fees from the Clearance and Collateral Management business.
(b)    Clearing services fees are almost entirely earned by our Pershing business.
(c)    Excludes seed capital gains related to consolidated investment management funds, which are reflected in operations of consolidated investment management funds.
(d)    On a constant currency basis (Non-GAAP), investment management and performance fees decreased 5% compared with 2Q19. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.
N/M - Not meaningful.

6

THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	2Q20				1Q20				4Q19				3Q19					2Q19
	Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate			Average balance		Average rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks	$	94,229	(0.03	)%	$	80,403	0.39	%	$	61,627	0.60	%	$	60,030	0.67	%		$	61,756	0.72	%
Interest-bearing deposits with banks (primarily foreign banks)	21,093		0.76		17,081		1.37		15,788		1.63		15,324		1.89			13,666		1.87
Federal funds sold and securities purchased under resale agreements (a)	30,265		0.82		34,109		4.67		38,846		4.62		40,816		6.42			38,038		5.99
Margin loans	12,791		1.28		12,984		2.69		11,609		3.25		10,303		4.02			10,920		4.36
Non-margin loans:
Domestic offices	31,185		2.21		31,720		3.02		29,690		3.36		29,285		2.75		(b)	29,492		3.86
Foreign offices	12,743		1.84		11,170		2.55		11,418		2.70		11,247		2.97			9,961		3.29
Total non-margin loans	43,928		2.10		42,890		2.89		41,108		3.18		40,532		2.81		(b)	39,453		3.71
Securities:
U.S. government obligations	27,901		1.52		23,175		1.87		18,444		2.08		19,315		2.11			18,870		2.19
U.S. government agency obligations	74,583		1.92		69,046		2.32		67,494		2.36		67,235		2.49			66,445		2.58
State and political subdivisions (c)	1,025		2.98		1,033		3.06		1,134		3.03		1,217		3.05			1,735		2.89
Other securities (c)	45,511		0.82		36,375		0.95		35,242		1.64		33,729		1.75			30,770		2.04
Trading securities (c)	6,236		1.13		6,840		2.36		6,695		2.41		5,653		2.80			5,764		2.72
Total securities (c)	155,256		1.50		136,469		1.88		129,009		2.13		127,149		2.25			123,584		2.40
Total interest-earning assets (c)	$	357,562	1.06	%	$	323,936	1.95	%	$	297,987	2.30	%	$	294,154	2.63	%	(b)	$	287,417	2.74	%
Noninterest-earning assets	57,797				61,342				56,354				56,525					54,967
Total assets	$	415,359			$	385,278			$	354,341			$	350,679				$	342,384
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits:
Domestic offices	$	102,135	0.06	%	$	99,915	0.69	%	$	87,162	0.98	%	$	82,663	1.28	%		$	74,180	1.36	%
Foreign offices	108,508		(0.12	)	97,717		0.29		95,262		0.49		94,738		0.71			93,365		0.78
Total interest-bearing deposits	210,643		(0.03	)	197,632		0.49		182,424		0.73		177,401		0.98			167,545		1.04
Federal funds purchased and securities sold under repurchase agreements (a)	14,209		0.03		13,919		7.96		12,668		9.11		13,432		13.08			11,809		12.64
Trading liabilities	1,974		0.39		1,626		1.61		1,504		2.25		1,371		2.33			1,735		2.47
Other borrowed funds	2,272		1.30		719		2.27		709		2.83		1,148		3.24			2,455		3.36
Commercial paper	191		1.02		1,581		1.56		1,792		1.66		3,796		2.26			2,957		2.43
Payables to customers and broker-dealers	18,742		(0.01	)	16,386		0.73		15,178		1.07		15,440		1.52			15,666		1.76
Long-term debt	28,122		2.42		27,231		2.83		28,117		3.09		28,386		3.24			27,681		3.45
Total interest-bearing liabilities	$	276,153	0.24	%	$	259,094	1.17	%	$	242,392	1.48	%	$	240,974	1.99	%		$	229,848	2.03	%
Total noninterest-bearing deposits	72,411				60,577				49,632				49,027					52,956
Other noninterest-bearing liabilities	24,121				24,229				20,681				19,280					18,362
Total The Bank of New York Mellon Corporation shareholders’ equity	42,486				41,206				41,384				41,139					41,029
Noncontrolling interests	188				172				252				259					189
Total liabilities and equity	$	415,359			$	385,278			$	354,341			$	350,679				$	342,384
Net interest margin			0.88	%			1.01	%			1.09	%			0.99	%	(b)			1.12	%
Net interest margin (FTE) – Non-GAAP (d)			0.88	%			1.01	%			1.09	%			1.00	%	(b)			1.12	%
(a)    Includes the average impact of offsetting under enforceable netting agreements of approximately $67 billion for 2Q20, $80 billion for 1Q20, $60 billion for 4Q19, $68 billion for 3Q19 and $51 billion for 2Q19. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 0.26% for 2Q20, 1.39% for 1Q20, 1.82% for 4Q19, 2.42% for 3Q19 and 2.57% for 2Q19.  On a Non-GAAP basis, excluding the impact of offsetting, the rate on federal funds purchased and securities sold under repurchase agreements would have been 0.00% for 2Q20, 1.18% for 1Q20, 1.59% for 4Q19, 2.17% for 3Q19 and 2.39% for 2Q19. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b)    Includes the impact of the lease-related impairment of $70 million in 3Q19. On a Non-GAAP basis, excluding the lease-related impairment, the yield on non-margin loans in domestic offices would have been 3.70%, the yield on total non-margin loans would have been 3.50%, the yield on total interest-earning assets would have been 2.72% and the net interest margin and the net interest margin (FTE) – Non-GAAP would have been 1.09% in 3Q19.
(c)    Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(d)    See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.

7

THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY
	2020							2019
(dollars in millions)	June 30				March 31			Dec. 31			Sept. 30			June 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	20,036			$	18,465		$	18,540		$	18,196		$	18,534
Tier 1 capital	24,487				21,933			21,996			21,677			22,015
Total capital	26,198				23,494			23,449			23,145			23,500
Risk-weighted assets	157,550				163,006			148,695			148,399			149,226
CET1 ratio	12.7		%		11.3		%	12.5		%	12.3		%	12.4		%
Tier 1 capital ratio	15.5				13.5			14.8			14.6			14.8
Total capital ratio	16.6				14.4			15.8			15.6			15.7
Advanced Approaches:
CET1 capital	$	20,036			$	18,465		$	18,540		$	18,196		$	18,534
Tier 1 capital	24,487				21,933			21,996			21,677			22,015
Total capital	25,948				23,281			23,233			22,921			23,300
Risk-weighted assets	159,191				162,561			160,898			164,172			166,570
CET1 ratio	12.6		%		11.4		%	11.5		%	11.1		%	11.1		%
Tier 1 capital ratio	15.4				13.5			13.7			13.2			13.2
Total capital ratio	16.3				14.3			14.4			14.0			14.0
Tier 1 leverage ratio	6.2		%		6.0		%	6.6		%	6.5		%	6.8		%
SLR:
Leverage exposure	$	297,281		(b)	$	392,807		$	362,452		$	359,023		$	350,747
SLR	8.2		%	(b)	5.6		%	6.1		%	6.0		%	6.3		%
Average liquidity coverage ratio	112		%		115		%	120		%	117		%	117		%
(a)    Regulatory capital ratios for June 30, 2020 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2020, Dec. 31, 2019, Sept. 30, 2019 and June 30, 2019, was the Advanced Approaches, and for March 31, 2020 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.
(b)    Reflects the application of a new rule effective April 1, 2020 to exclude certain central bank placements as well as the temporary exclusion of U.S. Treasury securities from the leverage exposure used in the SLR calculation. The temporary exclusion of U.S. Treasury securities from the SLR’s leverage exposure increased our SLR by 40 basis points.

8

THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SERVICES BUSINESS
																2Q20 vs.										YTD20 vs.
(dollars in millions)	2Q20			1Q20			4Q19			3Q19			2Q19			1Q20		2Q19		YTD20			YTD19			YTD19
Revenue:
Investment services fees:
Asset servicing fees (ex. securities lending revenue) (a)	$	1,113		$	1,101		$	1,098		$	1,099		$	1,086		1	%	2	%	$	2,214		$	2,153		3	%
Securities lending revenue	51			46			40			39			40			11		28		97			84			15
Clearing services fees (b)	431			470			421			419			411			(8	)	5		901			809			11
Issuer services fees	277			263			264			324			291			5		(5	)	540			542			—
Treasury services fees	144			149			147			139			140			(3	)	3		293			272			8
Total investment services fees	2,016			2,029			1,970			2,020			1,968			(1	)	2		4,045			3,860			5
Foreign exchange and other trading revenue	178			261			151			160			153			(32	)	16		439			310			42
Other (c)	145			146			115			116			112			(1	)	29		291			224			30
Total fee and other revenue	2,339			2,436			2,236			2,296			2,233			(4	)	5		4,775			4,394			9
Net interest revenue	768			806			778			761			783			(5	)	(2	)	1,574			1,587			(1	)
Total revenue	3,107			3,242			3,014			3,057			3,016			(4	)	3		6,349			5,981			6
Provision for credit losses	145			149			(5		)	(15		)	(4		)	N/M		N/M		294			4			N/M
Noninterest expense (ex. amortization of intangible assets)	1,971			1,969			2,160			1,952			1,943			—		1		3,940			3,904			1
Amortization of intangible assets	18			18			19			21			20			—		(10	)	36			40			(10	)
Total noninterest expense	1,989			1,987			2,179			1,973			1,963			—		1		3,976			3,944			1
Income before taxes	$	973		$	1,106		$	840		$	1,099		$	1,057		(12	)%	(8	)%	$	2,079		$	2,033		2	%
Pre-tax operating margin	31		%	34		%	28		%	36		%	35		%					33		%	34		%
Total revenue by line of business:
Asset Servicing	$	1,463		$	1,531		$	1,411		$	1,411		$	1,397		(4	)%	5	%	$	2,994		$	2,812		6	%
Pershing	578			653			579			575			572			(11	)	1		1,231			1,133			9
Issuer Services	431			419			415			466			446			3		(3	)	850			842			1
Treasury Services	340			339			329			312			317			—		7		679			634			7
Clearance and Collateral Management	295			300			280			293			284			(2	)	4		595			560			6
Total revenue by line of business	$	3,107		$	3,242		$	3,014		$	3,057		$	3,016		(4	)%	3	%	$	6,349		$	5,981		6	%
(a)    Asset servicing fees include the fees from the Clearance and Collateral Management business.
(b)    Clearing services fees are almost entirely earned by our Pershing business.
(c)    Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue, securities gains and losses and investment and other income.
N/M - Not meaningful.

9

THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SERVICES BUSINESS
											2Q20 vs.								YTD20 vs.
(dollars in millions, unless otherwise noted)	2Q20		1Q20		4Q19		3Q19		2Q19		1Q20		2Q19		YTD20		YTD19		YTD19
Average loans	$	43,113	$	41,789	$	38,721	$	37,005	$	36,404	3	%	18	%	$	42,451	$	36,818	15	%
Average assets	$	335,288	$	304,089	$	278,098	$	269,926	$	264,781	10	%	27	%	$	319,689	$	260,432	23	%
Average deposits	$	268,467	$	242,187	$	215,388	$	208,044	$	201,146	11	%	33	%	$	255,327	$	198,131	29	%
AUC/A at period end (in trillions) (a)(b)	$	37.3	$	35.2	$	37.1	$	35.8	$	35.5	6	%	5	%
Market value of securities on loan at period end (in billions) (c)	$	384	$	389	$	378	$	362	$	369	(1	)%	4	%
Pershing
Net new assets (U.S. platform) (in billions)(d)	$	11	$	31	$	33	$	19	$	21	N/M		N/M
Average active clearing accounts (U.S. platform) (in thousands)	6,507		6,437		6,340		6,283		6,254		1	%	4	%
Average long-term mutual fund assets (U.S. platform)	$	547,579	$	549,206	$	573,475	$	547,522	$	532,384	—		3	%
Average investor margin loans (U.S. platform)	$	9,235	$	9,419	$	9,420	$	9,222	$	9,440	(2	)%	(2	)%
Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	3,573	$	3,724	$	3,562	$	3,550	$	3,400	(4	)%	5	%
(a)    June 30, 2020 information is preliminary.
(b)    Includes the AUC/A of CIBC Mellon of $1.3 trillion at June 30, 2020, $1.2 trillion at March 31, 2020, $1.5 trillion at Dec. 31, 2019 and $1.4 trillion at Sept. 30, 2019 and June 30, 2019.
(c)    Represents the total amount of securities on loan in our agency securities lending program managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $62 billion at June 30, 2020, $59 billion at March 31, 2020, $60 billion at Dec. 31, 2019, $66 billion at Sept. 30, 2019 and $64 billion at June 30, 2019.
(d)    Net new assets represents net flows of assets (e.g., net cash deposits and net securities transfers) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M - Not meaningful.

10

THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT AND WEALTH MANAGEMENT BUSINESS (formerly Investment Management business)
																2Q20 vs.										YTD20 vs.
(dollars in millions)	2Q20			1Q20			4Q19			3Q19			2Q19			1Q20		2Q19		YTD20			YTD19			YTD19
Revenue:
Investment management fees (a)	$	782		$	812		$	836		$	830		$	831		(4	)%	(6	)%	$	1,594		$	1,641		(3	)%
Performance fees	5			50			48			2			2			N/M		150		55			33			67
Investment management and performance fees (b)	787			862			884			832			833			(9	)	(6	)	1,649			1,674			(1	)
Distribution and servicing	34			43			44			45			44			(21	)	(23	)	77			89			(13	)
Other (a)	17			(59		)	(4		)	(39		)	(23		)	N/M		N/M		(42		)	(40		)	N/M
Total fee and other revenue (a)	838			846			924			838			854			(1	)	(2	)	1,684			1,723			(2	)
Net interest revenue	48			52			47			49			59			(8	)	(19	)	100			126			(21	)
Total revenue	886			898			971			887			913			(1	)	(3	)	1,784			1,849			(4	)
Provision for credit losses	7			9			—			—			(2		)	N/M		N/M		16			(1		)	N/M
Noninterest expense (ex. amortization of intangible assets)	650			687			722			582			646			(5	)	1		1,337			1,306			2
Amortization of intangible assets	8			8			9			10			9			—		(11	)	16			18			(11	)
Total noninterest expense	658			695			731			592			655			(5	)	—		1,353			1,324			2
Income before taxes	$	221		$	194		$	240		$	295		$	260		14	%	(15	)%	$	415		$	526		(21	)%
Pre-tax operating margin	25		%	22		%	25		%	33		%	29		%					23		%	28		%
Adjusted pre-tax operating margin – Non-GAAP (c)	28		%	24		%	27		%	37		%	32		%					26		%	32		%
Total revenue by line of business:
Investment Management (formerly Asset Management)	$	621		$	620		$	692		$	608		$	622		—	%	—	%	$	1,241		$	1,262		(2	)%
Wealth Management	265			278			279			279			291			(5	)	(9	)	543			587			(7	)
Total revenue by line of business	$	886		$	898		$	971		$	887		$	913		(1	)%	(3	)%	$	1,784		$	1,849		(4	)%
Average loans	$	11,791		$	12,124		$	12,022		$	12,013		$	12,205		(3	)%	(3	)%	$	11,958		$	12,271		(3	)%
Average assets	$	30,327		$	30,543		$	28,481		$	27,840		$	29,793		(1	)%	2	%	$	30,435		$	30,819		(1	)%
Average deposits	$	17,491		$	16,144		$	15,195		$	14,083		$	14,615		8	%	20	%	$	16,817		$	15,211		11	%
(a)    Total fee and other revenue includes the impact of the consolidated investment management funds, net of noncontrolling interests. Additionally, other revenue includes asset servicing fees, treasury services fees, foreign exchange and other trading revenue and investment and other income.
(b)    On a constant currency basis (Non-GAAP), investment management and performance fees decreased 4% compared with 2Q19. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.
(c)    Net of distribution and servicing expense. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.
N/M - Not meaningful.

11

THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT, AUM FLOWS AND WEALTH MANAGEMENT CLIENT ASSETS
																2Q20 vs.
(dollars in billions)	2Q20			1Q20			4Q19			3Q19			2Q19			1Q20		2Q19
AUM by product type (a)(b)
Equity	$	141		$	120		$	154		$	147		$	152		18	%	(7	)%
Fixed income	224			211			224			211			209			6		7
Index	333			274			339			321			322			22		3
Liability-driven investments	752			705			728			742			709			7		6
Multi-asset and alternative investments	185			171			192			182			184			8		1
Cash	326			315			273			278			267			3		22
Total AUM by product type	$	1,961		$	1,796		$	1,910		$	1,881		$	1,843		9	%	6	%
Changes in AUM(a)(b)
Beginning balance of AUM	$	1,796		$	1,910		$	1,881		$	1,843		$	1,841
Net inflows (outflows):
Long-term strategies:
Equity	(2		)	(2		)	(6		)	(4		)	(2		)
Fixed income	4			—			5			2			(4		)
Liability-driven investments	(2		)	(5		)	(3		)	(4		)	1
Multi-asset and alternative investments	—			(1		)	3			(1		)	1
Total long-term active strategies (outflows)	—			(8		)	(1		)	(7		)	(4		)
Index	9			3			(5		)	(3		)	(22		)
Total long-term strategies inflows (outflows)	9			(5		)	(6		)	(10		)	(26		)
Short-term strategies:
Cash	11			43			(7		)	11			2
Total net inflows (outflows)	20			38			(13		)	1			(24		)
Net market impact	143			(91		)	(20		)	66			42
Net currency impact	2			(61		)	62			(29		)	(16		)
Ending balance of AUM	$	1,961		$	1,796		$	1,910		$	1,881		$	1,843		9	%	6	%
Wealth Management client assets (a)(c)	$	254		$	236		$	266		$	259		$	257		8	%	(1	)%
(a)    June 30, 2020 information is preliminary.
(b)    Excludes securities lending cash management assets and assets managed in the Investment Services business.
(c)    Includes AUM and AUC/A in the Wealth Management business.

12

THE BANK OF NEW YORK MELLON CORPORATION
OTHER SEGMENT
(in millions)	2Q20			1Q20			4Q19				3Q19			2Q19			YTD20			YTD19
Fee revenue	$	29		$	21		$	817		(a)	$	(5	)	$	24		$	50		$	41
Net securities gains (losses)	9			9			(23		)		(1		)	7			18			8
Total fee and other revenue	38			30			794				(6		)	31			68			49
Net interest (expense)	(36		)	(44		)	(10		)		(80		)	(40		)	(80		)	(70		)
Total revenue (loss)	2			(14		)	784				(86		)	(9		)	(12		)	(21		)
Provision for credit losses	(9		)	11			(3		)		(1		)	(2		)	2			(4		)
Noninterest expense	39			30			54				25			29			69			78
(Loss) income before taxes	$	(28	)	$	(55	)	$	733			$	(110	)	$	(36	)	$	(83	)	$	(95	)
Average loans and leases	$	1,815		$	1,961		$	1,974			$	1,817		$	1,764		$	1,887		$	1,774
Average assets	$	49,744		$	50,646		$	47,762			$	52,913		$	47,810		$	50,194		$	48,041
(a)    Includes a gain on sale of an equity investment.

13

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO
(dollars in millions)	March 31, 2020			2Q20 change in unrealized gain (loss)			June 30, 2020					Fair value as a % of amortized cost (a)		Unrealized gain (loss)				Ratings (b)
							Amortized cost		Fair value									AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		A1+/ A2 & SP-1+		Not rated
	Fair value
Agency RMBS	$	57,074		$	455		$	58,874	$	60,401		103	%	$	1,527			100	%	—	%	—	%	—	%	—	%	—	%
U.S. Treasury	24,825			(31		)	28,224		28,651			102		427				100		—		—		—		—		—
Sovereign debt/sovereign guaranteed	13,833			47			16,698		16,868			101		170				75		6		18		1		—		—
Agency commercial MBS	11,416			159			11,339		11,731			103		392				100		—		—		—		—		—
Foreign covered bonds	5,349			62			5,548		5,598			101		50				100		—		—		—		—		—
Supranational	4,339			27			5,434		5,484			101		50				100		—		—		—		—		—
U.S. government agencies	3,346			29			4,984		5,056			101		72				100		—		—		—		—		—
CLOs	4,098			149			4,526		4,432			98		(94		)		99		—		—		—		—		1
Foreign government agencies	2,761			14			3,536		3,575			101		39				95		5		—		—		—		—
Commercial paper and certificates of deposits (c)(d)	3,465			5			3,386		3,392			100		6				—		—		—		—		100		—
Other asset-backed securities	2,220			56			2,724		2,743			101		19				99		—		1		—		—		—
Non-agency commercial MBS	2,446			140			2,517		2,602			103		85				100		—		—		—		—		—
Non-agency RMBS (e)	1,548			66			1,537		1,672			109		135				50		8		2		24		—		16
State and political subdivisions	1,001			12			1,166		1,196			103		30				76		22		—		—		1		1
Corporate bonds	818			28			789		831			105		42				19		68		13		—		—		—
Other	1			—			1		1			100		—				—		—		—		—		—		100
Total securities	$	138,540	(f)	$	1,218		$	151,283	$	154,233	(f)(g)	102	%	$	2,950		(f)(h)	94	%	2	%	2	%	—	%	2	%	—	%
(a)    Amortized cost reflects historical impairments.
(b)    Represents ratings by S&P, or the equivalent.
(c)    Includes amounts purchased from affiliated money market funds of $2,145 million at March 31, 2020 and $1,853 million at June 30, 2020.
(d)    Includes amounts funded by borrowings from the Federal Reserve Bank under its Money Market Mutual Fund Liquidity Facility (“MMLF”) program of $651 million at March 31, 2020 and $1,539 million at June 30, 2020.
(e)    Includes RMBS that were included in the former Grantor Trust of $535 million at March 31, 2020 and $538 million at June 30, 2020.
(f)    Includes net unrealized losses on derivatives hedging securities available-for-sale (including terminated hedges) of $1,846 million at March 31, 2020 and $1,817 million at June 30, 2020.
(g)    At June 30, 2020, the securities portfolio, including the impact of interest rate swap hedges, is 74% fixed rate and 26% floating rate.
(h)    Includes unrealized gains of $1,582 million at June 30, 2020 related to available-for-sale securities, net of hedges.

14

THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
	2020								2019
(dollars in millions)	June 30				March 31				Dec. 31			Sept. 30			June 30
Allowance for credit losses - beginning of period:
Allowance for loan losses	$	140			$	122			$	127		$	146		$	146
Allowance for lending-related commitments	148				94				97			95			102
Allowance for other financial instruments	41			(a)	N/A				N/A			N/A			N/A
Allowance for credit losses - beginning of period	$	329			$	216			$	224		$	241		$	248
Impact of adopting ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, effective Jan. 1, 2020	N/A				(55		)	(b)	N/A			N/A			N/A
Net recoveries (charge-offs):
Charge-offs	—				(1		)		(1		)	(1		)	(1		)
Recoveries	3				—				1			—			2
Total net recoveries (charge-offs)	3				(1		)		—			(1		)	1
Provision for credit losses	143			(b)	169			(b)	(8		)	(16		)	(8		)
Allowance for credit losses - end of period	$	475			$	329			$	216		$	224		$	241
Allowance for credit losses - end of period:
Allowance for loan losses	$	302			$	140			$	122		$	127		$	146
Allowance for lending-related commitments	152				148				94			97			95
Allowance for other financial instruments	21			(a)	41			(a)	N/A			N/A			N/A
Allowance for credit losses - end of period	$	475			$	329			$	216		$	224		$	241
Allowance for loan losses as a percentage of total loans	0.55		%		0.22		%		0.22		%	0.23		%	0.28		%
Nonperforming assets	$	88			$	88			$	89		$	88		$	186		(c)
(a)    Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b)    Includes all instruments within the scope of ASU 2016-13,Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.
(c)    Includes nonperforming loans to a California utility company that filed for bankruptcy that were sold in 3Q19.
N/A - Not applicable.

15

THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
BNY Mellon has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.
Net interest revenue, on a fully taxable equivalent ("FTE") basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison 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.
BNY Mellon has also included the adjusted pre-tax operating margin – Non-GAAP, which is the pre-tax operating margin for the Investment and Wealth Management business net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. We believe that this measure is useful when evaluating the performance of the Investment and Wealth Management business relative to industry competitors.
The presentation of the growth rates of investment management and performance fees 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.
Notes:
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.
Return on common equity and tangible common equity reconciliation
(dollars in millions)	2Q20			1Q20			4Q19			3Q19			2Q19			YTD20			YTD19
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	901		$	944		$	1,391		$	1,002		$	969		$	1,845		$	1,879
Add: Amortization of intangible assets	26			26			28			30			30			52			59
Less: Tax impact of amortization of intangible assets	6			6			7			7			7			12			14
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	921		$	964		$	1,412		$	1,025		$	992		$	1,885		$	1,924
Average common shareholders’ equity	$	38,476		$	37,664		$	37,842		$	37,597		$	37,487		$	38,070		$	37,287
Less: Average goodwill	17,243			17,311			17,332			17,267			17,343			17,277			17,360
Average intangible assets	3,058			3,089			3,119			3,141			3,178			3,073			3,193
Add: Deferred tax liability – tax deductible goodwill	1,119			1,109			1,098			1,103			1,094			1,119			1,094
Deferred tax liability – intangible assets	664			666			670			679			687			664			687
Average tangible common shareholders’ equity – Non-GAAP	$	19,958		$	19,039		$	19,159		$	18,971		$	18,747		$	19,503		$	18,515
Return on common equity – GAAP	9.4		%	10.1		%	14.6		%	10.6		%	10.4		%	9.7		%	10.2		%
Return on tangible common equity – Non-GAAP	18.5		%	20.4		%	29.3		%	21.4		%	21.2		%	19.4		%	20.9		%

16

THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2020						2019
(dollars in millions, except common shares)	June 30			March 31			Dec. 31			Sept. 30			June 30
BNY Mellon shareholders’ equity at period end – GAAP	$	43,697		$	41,145		$	41,483		$	41,120		$	41,533
Less: Preferred stock	4,532			3,542			3,542			3,542			3,542
BNY Mellon common shareholders’ equity at period end – GAAP	39,165			37,603			37,941			37,578			37,991
Less: Goodwill	17,253			17,240			17,386			17,248			17,337
Intangible assets	3,045			3,070			3,107			3,124			3,160
Add: Deferred tax liability – tax deductible goodwill	1,119			1,109			1,098			1,103			1,094
Deferred tax liability – intangible assets	664			666			670			679			687
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	20,650		$	19,068		$	19,216		$	18,988		$	19,275
Period-end common shares outstanding (in thousands)	885,862			885,443			900,683			922,199			942,662
Book value per common share – GAAP	$	44.21		$	42.47		$	42.12		$	40.75		$	40.30
Tangible book value per common share – Non-GAAP	$	23.31		$	21.53		$	21.33		$	20.59		$	20.45
Net interest margin reconciliation
(dollars in millions)	2Q20			1Q20			4Q19			3Q19			2Q19
Net interest revenue – GAAP	$	780		$	814		$	815		$	730		$	802
Add: Tax equivalent adjustment	2			2			2			3			4
Net interest revenue (FTE) – Non-GAAP	$	782		$	816		$	817		$	733		$	806
Average interest-earning assets	$	357,562		$	323,936		$	297,987		$	294,154		$	287,417
Net interest margin – GAAP (a)	0.88		%	1.01		%	1.09		%	0.99		%	1.12		%
Net interest margin (FTE) – Non-GAAP (a)	0.88		%	1.01		%	1.09		%	1.00		%	1.12		%
(a)    Net interest margin is annualized.

17

THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business
(dollars in millions)	2Q20			1Q20			4Q19			3Q19			2Q19			YTD20			YTD19
Income before income taxes – GAAP	$	221		$	194		$	240		$	295		$	260		$	415		$	526
Total revenue – GAAP	$	886		$	898		$	971		$	887		$	913		$	1,784		$	1,849
Less: Distribution and servicing expense	86			91			93			98			94			177			185
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	800		$	807		$	878		$	789		$	819		$	1,607		$	1,664
Pre-tax operating margin – GAAP (a)	25		%	22		%	25		%	33		%	29		%	23		%	28		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	28		%	24		%	27		%	37		%	32		%	26		%	32		%
(a)    Income before income taxes divided by total revenue.
Constant currency reconciliations							2Q20 vs.
(dollars in millions)	2Q20			2Q19			2Q19
Consolidated:
Investment management and performance fees – GAAP	$	786		$	833		(6		)%
Impact of changes in foreign currency exchange rates	—			(9		)
Adjusted investment management and performance fees – Non-GAAP	$	786		$	824		(5		)%
Investment and Wealth Management business:
Investment management and performance fees – GAAP	$	787		$	833		(6		)%
Impact of changes in foreign currency exchange rates	—			(9		)
Adjusted investment management and performance fees – Non-GAAP	$	787		$	824		(4		)%

18

EX-99.3

Second Quarter 2020 Financial Highlights July 15, 2020

2Q20 Financial Results PROFITS RETURNS BALANCE SHEET › Net Income: $901 million › ROE: 9.4% › CET1: 12.6% › Diluted EPS: $1.01 › ROTCE: 18.5% (a) › Tier 1 Leverage: 6.2% › Returned $0.3 billion to shareholders in dividends (b) › Average LCR: 112% PRE - T A X I N C O M E TOTAL REVENUE ($ millions) ($ millions) › Investment Services revenue up due to higher fee and other revenue, offset by MMF (c) fee (8)% waivers and lower net interest revenue 3,016 › Investment and Wealth Management revenue 3,242 +3% 1,285 1,227 50 primarily impacted by change in AUM mix, MMF 1,181 fee waivers and lower net interest revenue 45 Services 3,107 40 Investment 33% › Provision for credit losses of $143 million; no 30% 29% 35 30 charge-offs and stable nonperforming assets 25 20 913 › Expenses slightly higher 15 898 (3)% › CCAR and DFAST results 10 5 886 › Maintaining quarterly cash dividend of $0.31 Investment Investment andWealth 0 Management No share buybacks in 3Q20 2Q19 1Q20 2Q20 › › Stress capital buffer of 2.5% from October 1(d) Pre-tax operating margin 2Q19 1Q20 2Q20 (a) Represents a non-GAAP measure. See page 14 for corresponding reconciliation of ROTCE (b) Share buybacks temporarily suspended for 2Q as announced jointly with the Financial Services Forum on March 15, 2020 (c) Money market fund (d) Final SCB expected to be confirmed by the Federal Reserve later in 2020 2 Second Quarter 2020 – Financial Highlights

2Q20 Financial Highlights ($ millions, except per share data) 2 Q 2 0 1 Q 2 0 2 Q 1 9 TOTAL REVENUE $4,010 (2)% 2% Fee revenue 3,167 (5) 2 Net interest revenue 780 (4) (3) Provision for credit losses 143 N/M N/M Noninterest expense 2,686 (1) 1 Income before income taxes 1,181 (4) (8) Net income applicable to common shareholders $901 (5)% (7)% EARNINGS PER COMMON SHARE $1.01 (4)% - % Operating leverage (a) (143) bps 72 bps Pre-tax operating margin 29% (44) bps (334) bps Return on common equity (annualized) 9.4% (67) bps (95) bps Return on tangible common equity (annualized) (b) 18.5% (182) bps (266) bps Note: See page 13 in the Appendix for corresponding footnotes. 3 Second Quarter 2020 – Financial Highlights

Capital and Liquidity 2 Q 20 1 Q 20 2 Q 19 Consolidated regulatory capital ratios: (a) Common Equity Tier 1 (“CET1”) ratio 12.6% 11.3% 11.1% Tier 1 capital ratio 15.4 13.5 13.2 Total capital ratio 16.3 14.3 14.0 Tier 1 leverage ratio 6.2 6.0 6.8 Supplementary leverage ratio (“SLR“) (b) 8.2 5.6 6.3 Average liquidity coverage ratio (“LCR“) 112% 115% 117% Book value per common share $44.21 $42.47 $40.30 Tangible book value per common share – non-GAAP (c) $23.31 $21.53 $20.45 Cash dividends per common share $0.31 $0.31 $0.28 Common shares outstanding (thousands) 885,862 885,443 942,662 Note: See page 13 in the Appendix for corresponding footnotes. 4 Second Quarter 2020 – Financial Highlights

Net Interest Revenue DRIVERS OF SEQUENTIAL NIR CHANGE ($ millions) 814 780 › Client-driven deposit growth more than offset by + Average + Securities + Hedging – Rate impact impact of lower interest rates across the yield curve deposit and loan and other (i.e. lower balances balances (largely yields partly up ~$25bn up ~$20bn offset in FX offset by lower › Strong growth in average deposit balances and Other deposit and sequentially and year-over-year trading) funding costs) › Broad-based across all business lines and linked 1Q20 2Q20 to operational and fee-generating activities AVERAGE DEPOSITS › Negative interest-bearing deposits rate a result of ($ billions) significant growth in low rate USD deposits and +28% negative rates on Euro denominated deposits +10% 283 258 › Incrementally deploying increasing deposits into 221 investment securities 1.04% 198 211 Interest-bearing 0.49% deposits 168 Interest-bearing (0.03)% deposits rate Noninterest-bearing 72 deposits 53 61 2Q19 1Q20 2Q20 5 Second Quarter 2020 – Financial Highlights

Credit Risk Profile AVERAGE INTEREST - › Well collateralized with assets under custody EARNING ASSETS ( $ 3 5 8 b n ) › $1.1bn manufacturing; $1.1bn services and other; $0.1bn energy and utilities +24% +10% › 92% investment grade 358 › 74% secured, predominantly office and residential LOANS ( a ) 324 › 95% of unsecured consist of predominantly investment 57 ( $ 5 5 b n ) grade REITS and real estate operating companies 287 56 › Concentrated in NY Metro area Overdrafts and other 12% Loans 50 Commercial 4% CRE › Mostly secured, 95% investment grade; 94% due <1 year 155 11% 136 › $7.0bn banks; $1.6bn securities industry Securities 124 Financial institutions 19% › Collateralized with marketable securities in excess of 100% Margin loans 23% of loan value Cash/ 132 146 113 Wealth management & › Secured by marketable securities and/or residential property Reverse repo 30% Other Residential Mtges › High quality mortgages; limited forbearance requests 2Q19 1Q20 2Q20 2Q20 (a) Preliminary data as of 6/30/20. May not foot due to rounding. 6 Second Quarter 2020 – Financial Highlights

Noninterest Expense ($ millions) 2 Q 2 0 1 Q 20 2 Q 19 › Noninterest expenses up year-over-year $1,464 Staff (1)% 3% › Primarily reflecting continued investments in Software and equipment 345 6 13 technology and higher staff and pension expenses, Professional, legal and other purchased services 337 2 - partially offset by lower business development (travel and marketing) expense and the favorable Net occupancy 137 1 (1) impact of a stronger U.S. dollar Sub-custodian and clearing 120 14 4 Distribution and servicing 85 (7) (10) › Technology expenses are included in staff, software and .equipment and professional, legal and other 35 - 13 Bank assessment charges purchased services Business development 20 (52) (64) Amortization of intangible assets 26 - (13) Other 117 (16) (3) Total noninterest expense $2,686 (1)% 1% 7 Second Quarter 2020 – Financial Highlights

Investment Services FINANCIAL HIGHLIGHTS 2 Q 2 0 ($ millions unless otherwise noted) 1 Q 2 0 2 Q 1 9 › Asset Servicing up year-over-year on higher foreign Total revenue by line of business: exchange and other trading revenue, higher client Asset Servicing $1,463 (4)% 5% volumes and a one-time fee, partially offset by lower net Pershing 578 (11) 1 interest revenue Issuer Services 431 3 (3) Treasury Services 340 - 7 › Pershing up due to higher MMF balances and clearing Clearance and Collateral Management 295 (2) 4 volumes, partially offset by the impact of rate-driven MMF Total revenue 3,107 (4) 3 fee waivers Provision for credit losses 145 N/M N/M Noninterest expense 1,989 - 1 › Issuer Services down due to lower Depositary Receipts Income before taxes $973 (12)% (8)% Pre-tax operating margin 31% (279) bps (370) bps and Corporate Trust fees KEY METRICS › Treasury Services up on higher net interest revenue and fees Foreign exchange and other trading revenue $178 (32)% 16% Securities lending revenue 51 11 28 › Clearance and Collateral Management up due to higher Average loans 43,113 3 18 net interest revenue and growth in collateral management Average deposits 268,467 11 33 and clearance volumes, mostly from non-U.S. clients AUC/A at period end (tr) (a) 37.3 6 5 Market value of securities on loan at period end (bn) (b) $384 (1)% 4% › AUC/A of $37.3 trillion up primarily reflecting higher client Pershing inflows, market values and new business, partially offset Net new assets (U.S. platform) (bn) (c) $11 N/M N/M by the unfavorable impact of a stronger U.S. dollar Average active clearing accounts (U.S. platform) (thousands) 6,507 1 4 Clearance and Collateral Management Average tri-party collateral mgmt. balances (tr) $3.6 (4)% 5% Note: See page 13 in the Appendix for corresponding footnotes. 8 Second Quarter 2020 – Financial Highlights

Investment Services - Revenue Drivers ($ millions) (3)% +5% +7% +4% +1% 446 431 340 295 1,397 1,463 317 284 572 578 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20 2Q19 2Q20 A S S E T I S S U E R T R E A S U R Y CLEARANCE AND SERVICING PERSHING SERVICES SERVICES COLLATERAL + FX and other trading + Money market fund + Depositary Receipts + Deposit and loan + Clearance volumes revenue balances cross border volumes balances + Average tri-party balances + Liquidity services + Clearing volumes + Corporate Trust new + Liquidity services + NIB deposits + Client volumes - Money market fund fee business - Payment volumes + AUC/A waivers - Corporate Trust volumes + Deposit and loan - Depositary Receipts balances dividend fees - Interest rates 9 Second Quarter 2020 – Financial Highlights

Investment and Wealth Management FINANCIAL HIGHLIGHTS 2 Q 2 0 ($ millions unless otherwise noted) 1 Q 2 0 2 Q 1 9 › Investment Management (formerly Asset Management) decreased year-over-year primarily reflecting the Total revenue by line of business: Investment Management (formerly Asset Management) $621 - % - % unfavorable change in the mix of AUM since 2Q19 and Wealth Management 265 (5) (9) the impact of MMF fee waivers, partially offset by equity Total revenue 886 (1) (3) Provision for credit losses 7 N/M N/M investment gains (net of hedges), including seed capital Noninterest expense 658 (5) - Income before taxes $221 14% (15)% › Wealth Management down primarily reflecting lower net Pre-tax operating margin 25% 324 bps (371) bps interest revenue and a shift within portfolios to lower fee Adjusted pre-tax operating margin – non-GAAP (a) 28% 345 bps (433) bps asset classes KEY METRICS › Noninterest expense increased slightly primarily Average loans $11,791 (3)% (3)% reflecting higher continued investments in technology Average deposits 17,491 8 20 Wealth Management client assets (bn) (b) $254 8% (1)% › AUM of $2.0 trillion up primarily reflecting higher market CHANGES IN AUM (bn)(C) 2 Q 2 0 1 Q 2 0 2 Q 1 9 values and net inflows, partially offset by the Beginning balance $1,796 $1,910 $1,841 unfavorable impact of a stronger U.S. dollar Equity (2) (2) (2) Fixed income 4 - (4) Liability-driven investments (2) (5) 1 Multi-asset and alternatives investments - (1) 1 Index 9 3 (22) Cash 11 43 2 Total net inflows (outflows) 20 38 (24) Net market impact 143 (91) 42 Net currency impact 2 (61) (16) Ending balance $1,961 $1,796 $1,843 Note: See page 13 in the Appendix for corresponding footnotes. 10 Second Quarter 2020 – Financial Highlights

Other Segment FINANCIAL HIGHLIGHTS 2 Q 2 0 › Fee revenue increased year-over-year primarily ($ millions unless otherwise noted) 1 Q 2 0 2 Q 1 9 reflecting higher equity investment income, partially Fee revenue $29 $21 $24 Net securities gains 9 9 7 offset by sequentially lower foreign currency translation Total fee and other revenue 38 30 31 gains Net interest (expense) (36) (44) (40) Total revenue (loss) 2 (14) (9) › Net interest expense decreased year-over-year primarily Provision for credit losses (9) 11 (2) reflecting corporate treasury activity Noninterest expense 39 30 29 (Loss) before taxes $(28) $(55) $(36) › Noninterest expense increased year-over-year reflecting higher staff expense 11 Second Quarter 2020 – Financial Highlights

Appendix

Footnotes 2Q20 Financial Highlights, Page 3 (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (b) See page 14 for corresponding reconciliation of this non-GAAP measure. Capital and Liquidity, Page 4 (a) Regulatory capital ratios for June 30, 2020 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2020 and June 30, 2019 was the Advanced Approaches, and for March 31, 2020 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio. (b) Reflects the application of a new rule effective April 1, 2020 to exclude certain central bank placements as well as the temporary exclusion of U.S. Treasury securities from the leverage exposure used in the SLR calculation. The temporary exclusion of U.S. Treasury securities from the SLR’s leverage exposure increased our SLR by 40 basis points. (c) Tangible book value per common share – non-GAAP – excludes goodwill and intangible assets, net of deferred tax liabilities. See page 14 for corresponding reconciliation of this non-GAAP measure. Investment Services, Page 8 (a) Current period is preliminary. Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.3 trillion at June 30, 2020, $1.2 trillion at March 31, 2020 and $1.4 trillion at June 30, 2019. (b) Represents the total amount of securities on loan in our agency securities lending program managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $62 billion at June 30, 2020, $59 billion at March 31, 2020 and $64 billion at June 30, 2019. (c) Net new assets represents net flows of assets (e.g., net cash deposits and net securities transfers) in customer accounts in Pershing LLC, a U.S. broker-dealer. Investment and Wealth Management, Page 10 (a) Net of distribution and servicing expense. See page 15 for corresponding reconciliation of this non-GAAP measure. (b) Current period is preliminary. Includes AUM and AUC/A in the Wealth Management business. (c) Current period is preliminary. Excludes securities lending cash management assets and assets managed in the Investment Services business. 13 Second Quarter 2020 – Financial Highlights

Return on Common Equity and Tangible Common Equity Reconciliation ($ millions) 2 Q 20 1 Q 20 2 Q19 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $901 $944 $969 Add: Amortization of intangible assets 26 26 30 Less: Tax impact of amortization of intangible assets 6 6 7 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding $921 $964 $992 amortization of intangible assets – non-GAAP Average common shareholders’ equity $38,476 $37,664 $37,487 Less: Average goodwill 17,243 17,311 17,343 Average intangible assets 3,058 3,089 3,178 Add: Deferred tax liability – tax deductible goodwill 1,119 1,109 1,094 Deferred tax liability – intangible assets 664 666 687 Average tangible common shareholders’ equity – non-GAAP $19,958 $19,039 $18,747 Return on common equity (annualized) – GAAP 9.4% 10.1% 10.4% Return on tangible common equity (annualized) – non-GAAP 18.5% 20.4% 21.2% Book Value and Tangible Book Value Per Common Share Reconciliation ($ millions, except common shares) June 30, 2020 March 31, 2020 June 30, 2019 BNY Mellon shareholders’ equity at period end – GAAP $43,697 $41,145 $41,533 Less: Preferred stock 4,532 3,542 3,542 BNY Mellon common shareholders’ equity at period end – GAAP 39,165 37,603 37,991 Less: Goodwill 17,253 17,240 17,337 Intangible assets 3,045 3,070 3,160 Add: Deferred tax liability – tax deductible goodwill 1,119 1,109 1,094 Deferred tax liability – intangible assets 664 666 687 BNY Mellon tangible common shareholders’ equity at period end – non-GAAP $20,650 $19,068 $19,275 Period-end common shares outstanding (in thousands) 885,862 885,443 942,662 Book value per common share – GAAP $44.21 $42.47 $40.30 Tangible book value per common share – non-GAAP $23.31 $21.53 $20.45 14 Second Quarter 2020 – Financial Highlights

Pre-tax Operating Margin Reconciliation – Investment and Wealth Management Business ($ millions) 2 Q 20 1 Q 20 2 Q19 Income before income taxes – GAAP $221 $194 $260 Total revenue – GAAP $886 $898 $913 Less: Distribution and servicing expense 86 91 94 Adjusted total revenue, net of distribution and servicing expense – non-GAAP $800 $807 $819 Pre-tax operating margin – GAAP (a) 25% 22% 29% Adjusted pre-tax operating margin, net of distribution and servicing expense – non-GAAP (a) 28% 24% 32% (a) Income before income taxes divided by total revenue. 15 Second Quarter 2020 – Financial Highlights

Cautionary Statement A number of statements in The Bank of New York Mellon Corporation’s (the “Corporation”) presentations, the accompanying slides and the responses to your questions are “forward-looking statements.” Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “future” and words of similar meaning may signify forward-looking statements. These statements relate to, among other things, the Corporation’s expectations regarding: capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, capabilities, resiliency, revenue, net interest revenue, fees, expenses, cost discipline, sustainable growth, company management, deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding the Corporation's aspirations, as well as the Corporation’s overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. 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 outcomes may differ materially from those expressed or implied as a result of a number of factors, including, but not limited to, those discussed in “Risk Factors” in the Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (the “First Quarter 2020 Form 10-Q”) and the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Annual Report”) and in other filings of the Corporation with the Securities and Exchange Commission (the “SEC”). Statements about the effects of the current and near-term market and macroeconomic outlook on the Corporation, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and 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), including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on the Corporation, its clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as the Corporation completes its Form 10-Q for the second quarter of 2020. All forward- looking statements speak only as of July 15, 2020, 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. For additional information regarding the Corporation, please refer to the Corporation's SEC filings available at www.bnymellon.com/investorrelations. Non-GAAP Measures: In this presentation we 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 the Corporation’s management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in the Corporation’s reports filed with the SEC, including the First Quarter 2020 Form 10-Q and the 2019 Annual Report, and are available at www.bnymellon.com/investorrelations. 16 Second Quarter 2020 – Financial Highlights

XML

Document and Entity Information	Jul. 15, 2020
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Jul. 15, 2020
Entity Registrant Name	THE BANK OF NEW YORK MELLON CORPORATION
Entity Incorporation, State or Country Code	DE
Entity File Number	001-35651
Entity Tax Identification Number	13-2614959
Entity Address, Address Line One	240 Greenwich Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10286
City Area Code	212
Local Phone Number	495-1784
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001390777
Amendment Flag	false
New York Stock Exchange | Common Stock, $0.01 par value
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	BK
Security Exchange Name	NYSE
New York Stock Exchange | Depositary Shares, each representing 1/4,000th of a share of Series C Noncumulative Perpetual Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing 1/4,000th of a share of Series C Noncumulative Perpetual Preferred Stock
Trading Symbol	BK PrC
Security Exchange Name	NYSE
New York Stock Exchange | 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
Entity Information [Line Items]
Title of 12(b) Security	6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
Trading Symbol	BK/P
Security Exchange Name	NYSE