Bank of New York Mellon (BNY) reported strong second-quarter 2025 results, with adjusted earnings per share (EPS) of $1.94, surpassing estimates by $0.20, and revenue reaching $5.03 billion, a 9.38% year-over-year increase that marked the first time quarterly revenue exceeded $5 billion. The bank posted a net income of $1.39 billion, supported by a 37% pre-tax margin and 28% return on tangible common equity (ROTCE). Assets under custody and administration grew 13% year-over-year to $55.8 trillion, and net interest income rose 17%. BNY Mellon also announced $1.2 billion in shareholder returns through dividends and buybacks. M&T Bank reported its second-quarter earnings with net interest income of $1.71 billion, net income of $716 million, and EPS of $4.24, beating estimates of $3.99. The bank's net interest margin was 3.62%, provisions for credit losses were $125 million, and its CET1 capital ratio stood at 10.98%. PNC Financial Services also beat expectations with Q2 revenue of $5.66 billion and EPS of $3.85, exceeding estimates of $3.54. PNC's net income was $1.64 billion, loans totaled $326.34 billion, and the CET1 capital ratio was 10.5%. The bank reported a provision for credit losses of $254 million, lower than the estimated $340 million, and updated its full-year net interest income growth outlook to 7%. Blackstone Inc. delivered strong Q2 2025 results with total revenue of $3.71 billion, well above the $2.79 billion estimate, and distributable EPS of $1.21, beating the $1.10 consensus. The firm's assets under management (AUM) reached a record $1.21 trillion, up 13% year-over-year, driven by $52.1 billion in quarterly inflows and strong performance across private equity and credit. Blackstone's GAAP net income was $1.6 billion for the quarter, with fee-related earnings of $1.5 billion. The company declared a quarterly dividend of $1.03 per share. Blackstone executives noted government cuts have increased uncertainty in the life sciences sector but expect base management fees to continue growing positively and foresee potential upside in transaction fees. The firm also highlighted the largest forward IPO pipeline since 2021 and indicated that the dealmaking pause appears to be over, anticipating increased transaction activity as the policy environment stabilizes. The CEO expressed optimism that the Federal Reserve has room to lower interest rates.