ex993quarterlyhighlights

First Quarter 2019 Financial Highlights April 17, 2019

Profits • Net Income $910 million, (20)% y/y • Diluted EPS $0.94, (15)% y/y Returns • ROE: X.X% 1Q19 Financial Results • ROTCE: XX.X% • Returns XYZ to shareholders Profits Returns Balance Sheet • ROE: 10.0% • Net income: $910 million • CET1: 11.0% • ROTCE: 20.7% (a) Balance Sheet • Diluted EPS: $0.94 • SLR: 6.3% • CET1: 1X.X% • Returned $825 million to shareholders • SLR: X.X% • LCR: XXX% Pre-tax Income Total Revenue ($ millions) ($ millions) (17)% 1,444 3,094 • Challenging revenue growth 1,193 Investment Services 3,040 (5)% 1,020 • Tough comparative period 2,950 • Strong expense control while investing in technology and 1,088 infrastructure Investment Management 963 (14)% • Significant returns on capital 939 (b) 1Q18 4Q18 1Q19 1Q18 4Q18 1Q19 Note: See page 13 for corresponding footnotes in Appendix. 22 First Quarter 2019 – Financial Highlights

Delivering Progress on Our Priorities • Strong demand for offering in U.S. and UK Pershing Asset Servicing • Accelerating investments in RIA servicing and Markets • Launching new platform for CLO and traditional loan products as • Alliance with BlackRock Issuer Services well as improved client reporting Solutions • Added new sales and relationship management • Focused investments in servicing capabilities for • New leadership alternative managers Treasury Services • Focus on growing high-margin payment, FX and associated liability ◦ Real estate deposits from target clients globally ◦ Credit managers Clearance & Collateral • Extending collateral optimization services ◦ Private equity Management • Completed conversion of new government clearing clients • Expanded foreign exchange and securities • Consolidating in North America to create multi-asset capabilities lending options through Mellon Investment Management • Investing in thematic, passives, alternatives, smart beta and LDI • New leadership in Wealth Management • Investing in goals-based advice tools and digital capabilities 33 First Quarter 2019 – Financial Highlights

Financial Highlights Growth vs. (a) Performance Commentary ($ millions) 1Q19 4Q18 1Q18 year-over-year Total revenue $3,899 (3)% (7)% • Fee revenue, down 9%, primarily reflects ◦ Adverse impact of currency, cumulative Fee revenue 3,031 (4) (9) AUM outflows during 2018 and Net interest revenue 841 (5) (8) divestitures Provision for credit losses 7 N/M N/M • Net interest revenue, down 8%, primarily Noninterest expense 2,699 (10) (1) reflects Income before income taxes $1,193 17% (17)% ◦ Lower client deposits and loans Net income applicable to common shareholders $910 9% (20)% • Noninterest expense, down 1%, primarily Operating leverage (b) +694 bps (522) bps reflects ◦ Increased investments in technology Pre-tax operating margin 31% +515 bps (396) bps ◦ Partially offset by favorable impact of a stronger U.S. dollar, lower staff expense Earnings per common share $0.94 12% (15)% and bank assessment charges Net interest margin 1.20% (4) bps (2) bps Note: See page 13 for corresponding footnotes in Appendix. N/M - not meaningful; bps - basis points 44 First Quarter 2019 – Financial Highlights

Capital and Liquidity Performance Commentary 1Q19 4Q18 1Q18 year-over-year Consolidated regulatory capital ratios: (a) • Strong capital and shareholder returns Common Equity Tier 1 (“CET1”) ratio 11.0% 10.7% 10.7% • In compliance with the new TLAC ratio requirements Tier 1 capital ratio 13.1 12.8 12.7 that became effective 1Q19 Total capital ratio 13.9 13.6 13.4 • Total Payout ratio: ~91% Tier 1 leverage ratio 6.8 6.6 6.5 ◦ Dividend: 30% ◦ Share Repurchase: 61% Supplementary leverage ratio (“SLR”) 6.3 6.0 5.9 Average liquidity coverage ratio (“LCR”) 118 118 116 Return on common equity (b) 10.0 8.7 12.2 Return on tangible common equity – (non-GAAP) (c) 20.7% 17.9% 25.9% Book value per common share (d) $39.36 $38.63 $37.78 Tangible book value per common share – (non-GAAP) (d) $19.74 $19.04 $18.78 Cash dividends per common share $0.28 $0.28 $0.24 Common shares outstanding (th) 957,517 960,426 1,010,676 Note: See page 13 for corresponding footnotes in Appendix. 55 First Quarter 2019 – Financial Highlights

Net Interest Revenue Net Interest Revenue and Net Interest Margin Performance Commentary ($ millions) year-over-year (8)% • Lower deposits 919 885 841 ◦ Noninterest-bearing declined ◦ 1Q18 deposits were elevated 1.22% 1.24% 1.20% • Lower loans driven by lower client activity • Higher deposit rates • Improved yields on securities portfolio and loans • Hedging impact offset in foreign exchange and other trading 1Q18 4Q18 1Q19 NIM Average Deposits Average Interest-Earnings Assets ($ billions) ($ billions) (7)% (6)% 302 286 282 227 59 221 214 54 51 71 59 55 123 124 124 162 160 156 2.60% 2.75% 1.85% 0.86% 0.99% 121 107 106 0.30% 1Q18 4Q18 1Q19 1Q18 4Q18 1Q19 Interest-bearing Interest-bearing deposits Noninterest-bearing Total interest-earning assets Cash/Reverse Repo Securities Loans deposits average rate deposits average rate 66 First Quarter 2019 – Financial Highlights

Noninterest Expense Growth vs. Performance Commentary ($ millions) 1Q19 4Q18 1Q18 year-over-year Staff $1,524 (5)% (3)% • Noninterest expense, down 1%; stronger dollar had a Professional, legal and other purchased favorable impact of approximately 1% 325 (15) 12 services Software and equipment 283 (6) 21 • Increase in technology expenses were offset by efficiency efforts, lower incentives and volume-related expenses Net occupancy 137 (30) (1) Sub-custodian and clearing 105 (9) (12) • Technology expenses are included in staff, professional, Distribution and servicing 91 (4) (14) legal and other purchased services and software and equipment expenses Business development 45 (30) (12) Bank assessment charges 31 41 (40) Amortization of intangible assets 29 (17) (41) Other 129 (26) 6 Total noninterest expense $2,699 (10)% (1)% 77 First Quarter 2019 – Financial Highlights

Investment Services Growth vs. Performance Commentary Financial Highlights ($ millions) 1Q19 4Q18 1Q18 year-over-year Total revenue by line of business: Asset Servicing $1,407 (2)% (7)% • Asset Servicing, down 7% on lower foreign exchange Pershing 554 (1) (5) revenue, net interest revenue, lower client activity and Issuer Services 396 (10) (5) impact of a stronger U.S. dollar Treasury Services 317 (3) (1) Clearance and Collateral Management 276 (1) 8 • Pershing, down 5% on previously disclosed lost business Total revenue by line of business 2,950 (3) (5) Provision for credit losses 8 N/M N/M and lower clearance volumes Noninterest expense 1,969 (7) 1 Income before taxes $973 6% (16)% • Issuer Services, down 5% on lower fees in Depositary Pre-tax operating margin 33% 266 bps (425) bps Receipts and lower net interest revenue in Corporate Trust, partially offset by higher volumes in Corporate Trust Key Metrics ($ millions unless otherwise noted) • Treasury Services, down 1% on lower net interest Foreign exchange and other trading revenue $157 (4)% (7)% Securities lending revenue 44 2 (8) revenue Average loans 33,171 (7) (15) Average deposits 195,082 (4) (9) • Clearance and Collateral Management, up 8% on growth in collateral management and clearance volumes AUC/A at period end (tr) (a) 34.5 4 3 Market value of securities on loan at period end (bn) (b) $377 1% (14)% • AUC/A of $34.5 trillion, up 3% on higher market values Pershing Average active clearing accounts (U.S. platform) (th) 6,169 1 2 and net new business, partially offset by the unfavorable Clearance and Collateral Management impact of a stronger U.S. dollar Average tri-party collateral mgmt. balances (tr) $3.3 3% 21% Note: See page 13 for corresponding footnotes in Appendix. N/M - not meaningful; bps - basis points 88 First Quarter 2019 – Financial Highlights

Investment Services - Revenue Drivers ($ millions) (7)% (5)% 1,519 581 (5)% 1,407 554 (1)% 418 396 8% 321 317 255 276 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 Asset Servicing Pershing Issuer Services Treasury Services Clearance and Collateral - FX volumes and + New clients + Volumes in + Interest-bearing + Clients fully on volatility + Active clearing Corporate Trust deposit balances boarded as of 4Q18 - Deposit balances / accounts + Depositary Receipts + Payment volumes + Average tri-party pricing - Long-term mutual transaction volume - Noninterest-bearing balances - Client activity fund assets - Deposit balances / deposits + New clients - Securities on loan - Transaction pricing in Corporate - Deposit pricing - Loan balances volumes Trust - Margin loans - Depositary Receipts fees timing - Previously lost business 99 First Quarter 2019 – Financial Highlights

Investment Management Growth vs. Performance Commentary Financial Highlights ($ millions) 1Q19 4Q18 1Q18 year-over-year Total revenue by line of business: Asset Management $637 (3)% (17)% • Asset Management, down 17% with almost half of the Wealth Management 302 — (5) decrease driven by the impact of 2018 divestitures and a Total revenue by line of business 939 (2) (14) stronger U.S. dollar; remainder primarily reflects Provision for credit losses 1 N/M N/M cumulative AUM outflows since 1Q18 and lower Noninterest expense 669 (6) (5) Income before taxes $269 9% (29)% performance fees Pre-tax operating margin 29% 289 bps (647) bps (a) Pre-tax operating margin – (non-GAAP) 32% 314 bps (735) bps • Wealth Management, down 5% on lower net interest revenue and fees Key Metrics ($ millions unless otherwise noted) Average loans $16,403 —% (3)% • AUM of $1.8 trillion, down 1% on the impact of a stronger Average deposits 15,815 6 18 U.S. dollar and net outflows, partially offset by higher (b) Wealth Management client assets (bn) 253 6% (1)% market values (c) Changes in AUM (bn): 4Q18 1Q18 Beginning balance of AUM $1,722 $1,828 $1,893 Net inflows (outflows): Equity (4) (8) — Fixed income 3 (1) 7 Liability-driven investments 5 14 13 Multi-asset and alternative investments (4) (2) (3) Index (2) (11) (13) Cash 2 (10) (14) Total net inflows (outflows) — (18) (10) Net market impact 103 (69) (14) Net currency impact 16 (19) 29 Divestiture/Other — — (30) Ending balance of AUM $1,841 $1,722 $1,868 Note: See page 13 for corresponding footnotes in Appendix. N/M - not meaningful; bps - basis points 1010 First Quarter 2019 – Financial Highlights

Other Segment Performance Commentary ($ millions) 1Q19 4Q18 1Q18 year-over-year Fee revenue $29 $29 $57 • Fee revenue decreased primarily reflecting asset- Net securities gains (losses) 1 — (49) related gains recorded in 1Q18 Total fee and other revenue 30 29 8 Net interest (expense) (30) (15) (1) • Net interest expense increased primarily resulting from Total revenue — 14 7 corporate treasury activity Provision for credit losses (2) (7) — Noninterest expense 61 160 87 • Noninterest expense decreased reflecting lower (Loss) before taxes $(59) $(139) $(80) incentive expense 1111 First Quarter 2019 – Financial Highlights

Appendix

Footnotes 1Q19 Financial Results - Page 2 (a) Quarterly returns are annualized. See the Appendix for reconciliation of this non-GAAP measure. (b) Includes a net charge of $155 million, or $(0.16) per diluted common share, related to severance, expenses associated with consolidating real estate and litigation expense, partially offset by adjustments to provisional estimates for U.S. tax legislation and other changes. Financial Highlights - Page 4 (a) Includes a net charge of $155 million, or $(0.16) per diluted common share, related to severance, expenses associated with consolidating real estate and litigation expense, partially offset by adjustments to provisional estimates for U.S. tax legislation and other changes. (b) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. Capital and Liquidity, Page 5 (a) Regulatory capital ratios for March 31, 2019 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 the periods included was the Advanced Approaches. (b) Quarterly results are annualized. (c) Quarterly returns are annualized. See the Appendix for reconciliation of this non-GAAP measure. (d) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See the Appendix for 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 March 31, 2019, $1.2 trillion at Dec. 31, 2018 and $1.3 trillion at March 31, 2018. (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 March 31, 2019, $58 billion at Dec. 31, 2018 and $73 billion at March 31, 2018. Investment Management, Page 10 (a) Net of distribution and servicing expense. See the Appendix for reconciliation of this non-GAAP measure. (b) Current period is preliminary. Includes AUM and AUC/A in the Wealth Management business. The 1Q18 amount was revised to include additional AUC/A. (c) Current period is preliminary. Excludes securities lending cash management assets and assets managed in the Investment Services business. 1313 First Quarter 2019 – Financial Highlights

Return on Common Equity and Tangible Common Equity Reconciliation ($ millions) 1Q19 4Q18 1Q18 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $910 $832 $1,135 Add: Amortization of intangible assets 29 35 49 Less: Tax impact of amortization of intangible assets 7 8 12 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, $932 $859 $1,172 excluding amortization of intangible assets – non-GAAP Average common shareholders’ equity $37,086 $37,886 $37,593 Less: Average goodwill 17,376 17,358 17,581 Average intangible assets 3,209 3,239 3,397 Add: Deferred tax liability – tax deductible goodwill 1,083 1,072 1,042 Deferred tax liability – intangible assets 690 692 716 Average tangible common shareholders’ equity – non-GAAP $18,274 $19,053 $18,373 Return on common equity (annualized) – GAAP 10.0% 8.7% 12.2% Return on tangible common equity (annualized) – non-GAAP 20.7% 17.9% 25.9% Book Value and Tangible Book Value Per Share Reconciliation ($ millions, except common shares) March 31, 2019 Dec. 31, 2018 March 31, 2018 BNY Mellon shareholders’ equity at period end – GAAP $41,225 $40,638 $41,728 Less: Preferred stock 3,542 3,542 3,542 BNY Mellon common shareholders’ equity at period end – GAAP 37,683 37,096 38,186 Less: Goodwill 17,367 17,350 17,596 Intangible assets 3,193 3,220 3,370 Add: Deferred tax liability – tax deductible goodwill 1,083 1,072 1,042 Deferred tax liability – intangible assets 690 692 716 BNY Mellon tangible common shareholders’ equity at period end – non-GAAP $18,896 $18,290 $18,978 Period-end common shares outstanding (th) 957,517 960,426 1,010,676 Book value per common share – GAAP $39.36 $38.63 $37.78 Tangible book value per common share – non-GAAP $19.74 $19.04 $18.78 1414 First Quarter 2019 – Financial Highlights

Pre-tax Operating Margin Reconciliation - Investment Management Business 1Q19 4Q18 1Q18 ($ millions) Income before income taxes – GAAP $269 $247 $381 Total revenue – GAAP $939 $963 $1,088 Less: Distribution and servicing expense 91 95 110 Adjusted total revenue, net of distribution and servicing expense – non-GAAP $848 $868 $978 Pre-tax operating margin – GAAP (a) 29% 26% 35% Pre-tax operating margin, net of distribution and servicing expense – non-GAAP (a) 32% 29% 39% (a) Income before income taxes divided by total revenue. 1515 First Quarter 2019 – Financial Highlights (a) Other charges include severance, litigation, an asset impairment and investment securities losses related to the sale of certain securities.

Cautionary Statement A number of statements in our 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 signify forward-looking statements. These statements relate to, among other things, The Bank of New York Mellon Corporation’s (the “Corporation”) expectations regarding: capital plans, strategic priorities, financial goals, organic growth and efficiency, investments, capabilities, revenue, expenses, deposits, interest rates and yield curves, taxes, business opportunities, 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. 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 the factors described under “Forward Looking Statements” and “Risk Factors” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Annual Report”) and in other filings of the Corporation with the Securities and Exchange Commission (the “SEC”). Such forward-looking statements speak only as of April 17, 2019, 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 our management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in the Corporation’s reports filed with the SEC, including the 2018 Annual Report, and are available at www.bnymellon.com/ investorrelations. 1616 First Quarter 2019 – Financial Highlights