BNY Mellon strengthens capital stack
CET1 capital increased 9% quarter-on-quarter
The sale of preferred stock and strong earnings helped BNY Mellon enlarge its capital base in Q2, pushing its risk-based capital ratio to a record high.
Common Equity Tier 1 (CET1) capital increased by $1.6 billion (+9%) to $20 billion over the quarter, the largest one-month gain for at least six years. Retained earnings, which form the bulk of CET1, increased $623 million quarter-on-quarter.
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