Bank of New York Mellon Corp at Bank of America Financial Services Conference Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : That's good to hear. I'd like to come back and double click on some of those things but maybe taking a step back from a macro backdrop standpoint just Talk to us what the operating environment feels like. I mean we got some inflation data this morning. The Fed probably on the sidelines for the rest of the year, and then you have a Trump administration which is viewed as business friendly, and that's the expectation, but we've seen a fair amount of tariff headlines over the last week or two, so. Like how do you just frame for us how you see the operating outlook for BNY as you look forward into 25?

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : But I guess the other aspect of this administration, the expectation for some improvement in the regulatory backdrop even for the banking industry, moving to something that's more balanced, more predictable. Just talk to us. I mean you're also the vice chair of the Financial Services Forum as you think about how the changes may impact 1b and why and what are the two or three big sort of priorities within the FSF as you're advocating for the industry.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : I may be shifting to the strategic actions at BNY. You mentioned you've talked about these many times, the siloing. Explain to us I mean it sounds a very simplistic concept. Why has this not been done over the last 5, 1,015 years? So, just tell us what you're trying to achieve, where you're in the process, and what's the runway? I mean the early innings, mid innings, late innings of the improved efficiencies and productivity you expect out of it.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : So, maybe if we can spend some time on the platform model, I think you expect to have about 85% of employees by.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : End of the year. So, one deconstructs that a little bit for me. It sounds like a fancy word platform you hear that in the context of tech companies. Is that just a fancy way of saying they're cross selling more or is there more to platforming beyond just trying to cross selling products?

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : Got it. I guess from the outside looking in, just when I put the way you talked about desiloing and then platforming together I mean I know you have strategic targets out there. It seems like this could be a much more profitable bank even relative to what you're targeting today. Is that unreasonable? Like what am I missing when we think about it that way?

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : Got it. I guess maybe talking a little bit about the businesses, starting with security services. Just talk about when you think about the growth opportunity I had for the business, how you're thinking about adding investment dollars versus trying to achieve efficiencies and making the business more profitable.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : When we talk about in terms of the market and wealth services business, you made some investments and we think about scale the acquisition of Archer last year or scaling the ETF business, as it pertains to wealth. Just tell us from a growth standpoint, kind of what are the two or three things that are underway, and you mentioned the 9% fee growth last year. How sustainable is that based on the investments you've made?

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : Got it. You've got capital, so. Meanwhile it's a very High profitability bank running a relatively asset-like model. I would say, talk to us in terms of when you think about the amount of capital generation at the bank. Remind us of the sort of stack ranking of priorities and how you think about deploying that capital.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : And on that, if you can follow up one you talked about Archer, are they Many more archers out there and are there product gaps that are identified at the bank where you're like, okay, we can do a lot of these over the next few years.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : It's helpful on capital, just one more. When we think about capital return via buybacks, just give us your philosophy around how you think about returning capital versus operating with excess for a given period of time. And I'm not saying it is, but how sensitive is buybacks to where you think the stocks trading, stock valuation.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : We got 2 more a few minutes we have. One, just talking to folks in DC in the policy circuit, crypto is a big priority for this administration and feels like we might see some legislation. We might see the regulators come up with a framework around how the banking industry can, deal with crypto. Just give us a sense of. Does what do that mean for BNY1? What do you need to see from the regulatory standpoint? And is there a real business opportunity there?

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : I guess one last one. You mentioned EI. BNY again seems like a very process heavy farm. Talk to us in terms of just you you've seen the banking industry and technologies has always played a role in driving productivity. One is AI one of the many things we've seen or is it something much larger and more impactful and how quickly can we see that impact when we think about just the bottom line impact for your ROE earnings outlook, etc.

Question: Ebrahim Poonawala - BofA Securities, Inc. - Analyst : Robin, thank you so much. It's great to be with you.