With the fact that new clients, new business wins, new marketshare gains from existing partnerships are NOT happening at BNY, what is the business world to determine? BNY has been destroying it’s employee base in the US and UK in order to save cash. It’s interesting that the company is trying to stop paying employees that it fires for devious reasons too. It is adding up that the so called profitibility at BNY is only happening by stagnating existing client revenue and firing FTE’s while avoiding payouts and holding onto people’s saving match benefits until the following year. The investment community is starting to become awake to this. This is an unhealthy company. And unhealthy RV and his GS based board are incapable of growing and innovating this place. A push for a merger has got to be in the works soon. Or else…..
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Put your money where you mouth is and short BNY stock.
In 2023, BNYM had 53,400 FT employees. In the annual report for 2025, there were 48,100 FT employees. Today there are 47,200 and dropping. That’s $1B in cash cuts being counted as profit!!! OP has hit a bullseye with how they are hiding poor negative cash flow without truly running the business!!!!! BNY has reduced headcount 12% in 3 years and AI has nothing to do with it. It’s easy to say your BMI is lower if you cut off a leg. It however doesn’t mean you are able and healthy.
I do not recall Wall Street recommending BNY as a buy in the past 4-5 years. BNY is an unglamorous custodial bank; the firm is a mule, not a show pony.
The firm is reducing costs and expenses by shrinking its footprint in Western countries. There is no doubt about this. I believe their quarterly reports are bolstered by the ongoing staff reduction efforts that began in January 2023. As the OP stated, there are no big wins with new clients, nor new markets, nor new tech, etc. I see pressers from BNY on their development of AI and then see GS pumping BNY as a leader in this AI spending race.
My thoughts are as follows: When this AI race turns bust and companies, along with media outlets, reluctantly announce that there is no ROI for their AI spending and implementation, stocks that were propped up—like BNY—will decline. Until their stock drops, I do not anticipate a change in direction for BNY. When the stock returns to trading at $35.00 per share, absent any AI hype or claims regarding their reimagining of FinTech, it will be viewed as the offshored and poorly managed firm that it is.
"A zero growth company is one that treats its employees like enemies."
@a8 truer words have never been spoken.
Merger? Don't you have to have an attractive product line and business model in order for someone want to actually purchase you? BNY will be parted out like a stolen vehicle to the Wall Street hyenas! Welcome to the jungle!
A zero growth company is one that treats its employees like enemies.