Exhibit



THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																2Q18 vs.										YTD18 vs.
	2Q18			1Q18			4Q17			3Q17			2Q17			1Q18		2Q17		YTD18			YTD17			YTD17
Selected income statement data
Fee revenue	$	3,209		$	3,319		$	2,886		$	3,148		$	3,120		(3	)%	3	%	$	6,528		$	6,128		7	%
Net securities gains (losses)	1			(49		)	(26		)	19			—			N/M		N/M		(48		)	10			N/M
Fee and other revenue	3,210			3,270			2,860			3,167			3,120			(2	)	3		6,480			6,138			6
Income (loss) from consolidated investment management funds	12			(11		)	17			10			10			N/M		N/M		1			43			N/M
Net interest revenue	916			919			851			839			826			—		11		1,835			1,618			13
Total revenue	4,138			4,178			3,728			4,016			3,956			(1	)	5		8,316			7,799			7
Provision for credit losses	(3		)	(5		)	(6		)	(6		)	(7		)	N/M		N/M		(8		)	(12		)	N/M
Noninterest expense	2,747			2,739			3,006			2,654			2,655			—		3		5,486			5,297			4
Income before income taxes	1,394			1,444			728			1,368			1,308			(3	)	7		2,838			2,514			13
Provision (benefit) for income taxes	286			282			(453		)	348			332			1		(14	)	568			601			(5	)
Net income	$	1,108		$	1,162		$	1,181		$	1,020		$	976		(5	)%	14	%	$	2,270		$	1,913		19	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,055		$	1,135		$	1,126		$	983		$	926		(7	)%	14	%	$	2,190		$	1,806		21	%

Diluted earnings per common share	$	1.03		$	1.10		$	1.08		$	0.94		$	0.88		(6	)%	17	%	$	2.14		$	1.70		26	%
Average common shares and equivalents outstanding - diluted (in thousands)	1,014,357			1,021,731			1,030,404			1,041,138			1,041,879			(1	)%	(3	)%	1,018,020			1,044,809			(3	)%

Financial ratios
Pre-tax operating margin	34		%	35		%	20		%	34		%	33		%					34		%	32		%
Return on common equity (annualized) (a)	11.2		%	12.2		%	12.1		%	10.6		%	10.4		%					11.7		%	10.3		%
Return on tangible common equity (annualized) – Non-GAAP (a)	23.5		%	25.9		%	25.9		%	21.9		%	21.9		%					24.6		%	22.1		%
Percent of non-U.S. total revenue	37		%	37		%	39		%	36		%	35		%					37		%	34		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	33.6		$	33.5		$	33.3		$	32.2		$	31.1		—	%	8	%
Assets under management (“AUM”) (in trillions)	$	1.81		$	1.87		$	1.89		$	1.82		$	1.77		(3	)%	2	%

Book value per common share (a)	$	37.97		$	37.78		$	37.21		$	36.11		$	35.26
Tangible book value per common share – Non-GAAP (a)	$	19.00		$	18.78		$	18.24		$	18.19		$	17.53
Cash dividends per common share	$	0.24		$	0.24		$	0.24		$	0.24		$	0.19
Common dividend payout ratio	23		%	22		%	22		%	26		%	22		%
Closing stock price per common share	$	53.93		$	51.53		$	53.86		$	53.02		$	51.02
Market capitalization	$	53,927		$	52,080		$	54,584		$	54,294		$	52,712
Common shares outstanding (in thousands)	999,945			1,010,676			1,013,442			1,024,022			1,033,156

Capital ratios at period end (c)
Common equity Tier 1 (“CET1”) ratio	11.0		%	10.7		%	10.3		%	10.7		%	10.4		%
Tier 1 capital ratio	13.1		%	12.7		%	12.3		%	12.8		%	12.5		%
Total capital ratio	13.9		%	13.4		%	13.0		%	13.6		%	12.8		%
Supplementary leverage ratio (“SLR”)	6.2		%	5.9		%	5.9		%	6.1		%	6.0		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.4 trillion at June 30, 2018, $1.3 trillion at March 31, 2018, Dec. 31, 2017 and Sept. 30, 2017 and $1.2 trillion at June 30, 2017.
(c) Regulatory capital ratios for June 30, 2018 are preliminary. All risk-based capital ratios are presented using Advanced Approaches risk-weightings. The capital ratios for the 2017 periods are presented on a fully phased-in basis. See "Capital and Liquidity" for the transitional capital ratios.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)																2Q18 vs.										YTD18 vs.
	2Q18			1Q18			4Q17			3Q17			2Q17			1Q18		2Q17		YTD18			YTD17			YTD17
Revenue
Investment services fees:
Asset servicing	$	1,157		$	1,168		$	1,130		$	1,105		$	1,085		(1	)%	7	%	$	2,325		$	2,148		8	%
Clearing services	392			414			400			383			394			(5	)	(1	)	806			770			5
Issuer services	266			260			197			288			241			2		10		526			492			7
Treasury services	140			138			137			141			140			1		—		278			279			—
Total investment services fees	1,955			1,980			1,864			1,917			1,860			(1	)	5		3,935			3,689			7
Investment management and performance fees	910			960			962			901			879			(5	)	4		1,870			1,721			9
Foreign exchange and other trading revenue	187			209			166			173			165			(11	)	13		396			329			20
Financing-related fees	53			52			54			54			53			2		—		105			108			(3	)
Distribution and servicing	34			36			38			40			41			(6	)	(17	)	70			82			(15	)
Investment and other income (loss)	70			82			(198		)	63			122			N/M		N/M		152			199			N/M
Total fee revenue	3,209			3,319			2,886			3,148			3,120			(3	)	3		6,528			6,128			7
Net securities gains (losses)	1			(49		)	(26		)	19			—			N/M		N/M		(48		)	10			N/M
Total fee and other revenue	3,210			3,270			2,860			3,167			3,120			(2	)	3		6,480			6,138			6
Income (loss) from consolidated investment management funds	12			(11		)	17			10			10			N/M		N/M		1			43			N/M
Net interest revenue	916			919			851			839			826			—		11		1,835			1,618			13
Total revenue	4,138			4,178			3,728			4,016			3,956			(1	)	5		8,316			7,799			7
Provision for credit losses	(3		)	(5		)	(6		)	(6		)	(7		)	N/M		N/M		(8		)	(12		)	N/M
Noninterest expense
Staff (a)	1,489			1,576			1,628			1,485			1,432			(6	)	4		3,065			2,920			5
Professional, legal and other purchased services	328			291			339			305			319			13		3		619			632			(2	)
Software and equipment	266			234			297			233			232			14		15		500			455			10
Net occupancy	156			139			153			141			140			12		11		295			276			7
Sub-custodian and clearing (b)	110			119			102			101			108			(8	)	2		229			211			9
Distribution and servicing	106			106			106			109			104			—		2		212			204			4
Business development	62			51			66			49			63			22		(2	)	113			114			(1	)
Bank assessment charges	47			52			53			51			59			(10	)	(20	)	99			116			(15	)
Amortization of intangible assets	48			49			52			52			53			(2	)	(9	)	97			105			(8	)
Other (a)(b)(c)	135			122			210			128			145			11		(7	)	257			264			(3	)
Total noninterest expense	2,747			2,739			3,006			2,654			2,655			—		3		5,486			5,297			4
Income before income taxes	1,394			1,444			728			1,368			1,308			(3	)	7		2,838			2,514			13
Provision (benefit) for income taxes	286			282			(453		)	348			332			1		(14	)	568			601			(5	)
Net income	1,108			1,162			1,181			1,020			976			(5	)	14		2,270			1,913			19
Net (income) loss attributable to noncontrolling interests	(5		)	9			(6		)	(2		)	(1		)	N/M		N/M		4			(16		)	N/M
Preferred stock dividends	(48		)	(36		)	(49		)	(35		)	(49		)	N/M		N/M		(84		)	(91		)	(8	)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,055		$	1,135		$	1,126		$	983		$	926		(7	)%	14	%	$	2,190		$	1,806		21	%

Average common shares and equivalents outstanding: Basic	1,010,179			1,016,797			1,024,828			1,035,337			1,035,829			(1	)%	(2	)%	1,013,507			1,038,479			(2	)%
Diluted	1,014,357			1,021,731			1,030,404			1,041,138			1,041,879			(1	)%	(3	)%	1,018,020			1,044,809			(3	)%

Earnings per common share: Basic	$	1.04		$	1.11		$	1.09		$	0.94		$	0.88		(6	)%	18	%	$	2.15		$	1.71		26	%
Diluted	$	1.03		$	1.10		$	1.08		$	0.94		$	0.88		(6	)%	17	%	$	2.14		$	1.70		26	%
(a) In 1Q18, we adopted new accounting guidance included in ASU 2017-07, Compensation-Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which required the reclassification of the components of pension and other post-retirement costs, other than the service cost component. As a result, staff expense increased and other expense decreased. Prior periods have been reclassified.
(b) Beginning in 1Q18, clearing expense, which was previously included in other expense, was included with sub-custodian expense. Prior periods have been reclassified.
(c) Beginning in 1Q18, merger and integration ("M&I"), litigation and restructuring charges are no longer separately disclosed. Expenses previously reported in this line have been reclassified to existing expense categories, primarily other expense.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
	2018						2017
(in millions)	June 30			March 31			Dec. 31			Sept. 30			June 30
Assets
Cash and due from:
Banks	$	5,361		$	4,636		$	5,382		$	5,557		$	4,725
Interest-bearing deposits with the Federal Reserve and other central banks	75,116			91,431			91,510			75,808			74,130
Interest-bearing deposits with banks	16,134			15,186			11,979			15,256			13,601
Federal funds sold and securities purchased under resale agreements	26,494			28,784			28,135			27,883			27,440
Securities	119,081			118,789			120,370			120,049			119,260
Trading assets	7,035			8,596			6,022			4,666			5,279
Loans	57,776			60,809			61,540			59,068			61,673
Allowance for loan losses	(145		)	(156		)	(159		)	(161		)	(165		)
Net loans	57,631			60,653			61,381			58,907			61,508
Premises and equipment	1,752			1,702			1,634			1,631			1,640
Accrued interest receivable	663			610			610			547			567
Goodwill	17,418			17,596			17,564			17,543			17,457
Intangible assets	3,308			3,370			3,411			3,461			3,506
Other assets	22,507			21,638			23,029			22,287			25,000
Subtotal assets of operations	352,500			372,991			371,027			353,595			354,113
Assets of consolidated investment management funds, at fair value	428			606			731			802			702
Total assets	$	352,928		$	373,597		$	371,758		$	354,397		$	354,815
Liabilities
Deposits	$	230,560		$	241,844		$	244,322		$	230,996		$	235,677
Federal funds purchased and securities sold under repurchase agreements	13,200			21,600			15,163			10,314			10,934
Trading liabilities	3,580			3,365			3,984			3,253			4,100
Payables to customers and broker-dealers	19,123			20,172			20,184			21,176			21,622
Commercial paper	2,508			3,936			3,075			2,501			876
Other borrowed funds	3,053			1,550			3,028			3,353			1,338
Accrued taxes and other expenses	5,452			5,349			6,225			6,070			5,670
Other liabilities	5,443			5,707			6,050			7,195			6,379
Long-term debt	28,260			27,939			27,979			28,408			27,699
Subtotal liabilities of operations	311,179			331,462			330,010			313,266			314,295
Liabilities of consolidated investment management funds, at fair value	3			11			2			27			22
Total liabilities	311,182			331,473			330,012			313,293			314,317
Temporary equity
Redeemable noncontrolling interests	189			184			179			197			181
Permanent equity
Preferred stock	3,542			3,542			3,542			3,542			3,542
Common stock	14			14			14			14			13
Additional paid-in capital	26,981			26,911			26,665			26,588			26,432
Retained earnings	27,306			26,496			25,635			24,757			24,027
Accumulated other comprehensive loss, net of tax	(2,795		)	(2,343		)	(2,357		)	(2,781		)	(3,093		)
Less: Treasury stock, at cost	(13,543		)	(12,892		)	(12,248		)	(11,597		)	(10,947		)
Total The Bank of New York Mellon Corporation shareholders’ equity	41,505			41,728			41,251			40,523			39,974
Nonredeemable noncontrolling interests of consolidated investment management funds	52			212			316			384			343
Total permanent equity	41,557			41,940			41,567			40,907			40,317
Total liabilities, temporary equity and permanent equity	$	352,928		$	373,597		$	371,758		$	354,397		$	354,815



THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

														2Q18 vs.										YTD18 vs.
(dollars in millions)	2Q18		1Q18			4Q17			3Q17		2Q17			1Q18		2Q17		YTD18			YTD17			YTD17
Investment services fees:
Asset servicing	$	1,097	$	1,113		$	1,079		$	1,058	$	1,037		(1	)%	6	%	$	2,210		$	2,051		8	%
Securities lending	60		55			51			47		48			9		25		115			97			19
Clearing services	392		414			400			383		394			(5	)	(1	)	806			770			5
Issuer services	266		260			197			288		241			2		10		526			492			7
Treasury services	140		138			137			141		140			1		—		278			279			—
Total investment services fees	1,955		1,980			1,864			1,917		1,860			(1	)	5		3,935			3,689			7
Investment management and performance fees (a)(b)	910		960			962			901		879			(5	)	4		1,870			1,721			9
Foreign exchange and other trading revenue:
Foreign exchange	171		183			175			158		151			(7	)	13		354			305			16
Other trading revenue (loss)	16		26			(9		)	15		14			N/M		N/M		42			24			N/M
Total foreign exchange and other trading revenue	187		209			166			173		165			(11	)	13		396			329			20
Financing-related fees	53		52			54			54		53			2		—		105			108			(3	)
Distribution and servicing	34		36			38			40		41			(6	)	(17	)	70			82			(15	)
Investment and other income (loss):
Corporate/bank-owned life insurance	31		36			43			37		43			N/M		N/M		67			73			N/M
Asset-related gains (losses)	15		46			—			1		(5		)	N/M		N/M		61			(2		)	N/M
Expense reimbursements from joint venture	19		16			15			18		17			N/M		N/M		35			31			N/M
Seed capital gains (a)	3		—			7			6		10			N/M		N/M		3			19			N/M
Equity investment income	2		—			4			—		7			N/M		N/M		2			33			N/M
Lease-related gains	—		—			4			—		51			N/M		N/M		—			52			N/M
Other income (loss)	—		(16		)	(271		)	1		(1		)	N/M		N/M		(16		)	(7		)	N/M
Total investment and other income (loss) (a)	70		82			(198		)	63		122			N/M		N/M		152			199			N/M
Total fee revenue	3,209		3,319			2,886			3,148		3,120			(3	)	3		6,528			6,128			7
Net securities gains (losses)	1		(49		)	(26		)	19		—			N/M		N/M		(48		)	10			N/M
Total fee and other revenue	$	3,210	$	3,270		$	2,860		$	3,167	$	3,120		(2	)%	3	%	$	6,480		$	6,138		6	%
(a) Excludes seed capital gains related to consolidated investment management funds, which are reflected in operations of consolidated investment management funds.
(b) On a constant currency basis (Non-GAAP), investment management and performance fees increased 1% compared with 2Q17. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	2Q18				1Q18				4Q17				3Q17				2Q17
	Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate
(dollars in millions, presented on an FTE basis)	Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate
Assets
Interest-earning assets:
Interest-bearing deposits with banks (primarily foreign banks)	$	15,748	1.41	%	$	13,850	1.25	%	$	14,068	1.03	%	$	15,899	0.86	%	$	14,832	0.73	%
Interest-bearing deposits held at the Federal Reserve and other central banks	69,676		0.77		79,068		0.64		74,961		0.54		70,430		0.50		69,316		0.41
Federal funds sold and securities purchased under resale agreements (a)	28,051		3.29		27,903		2.47		28,417		2.11		28,120		1.67		26,873		1.29
Margin loans	14,838		3.46		15,674		2.98		14,018		2.67		13,206		2.60		15,058		2.32
Non-margin loans:
Domestic offices	29,970		3.44		30,415		3.02		30,462		2.73		29,950		2.87		30,734		2.70
Foreign offices	12,258		2.87		12,517		2.51		12,292		2.21		12,788		2.09		13,001		1.99
Total non-margin loans	42,228		3.27		42,932		2.87		42,754		2.58		42,738		2.64		43,735		2.49
Securities:
U.S. Government obligations	23,199		2.02		23,460		1.88		25,195		1.71		25,349		1.67		25,928		1.64
U.S. Government agency obligations	63,022		2.37		62,975		2.23		62,889		2.07		61,710		2.00		59,533		1.95
States and political subdivisions - tax-exempt	2,677		2.75		2,875		2.62		3,010		3.10		3,226		3.06		3,298		3.09
Other securities	28,863		1.75		29,149		1.69		29,131		1.34		28,804		1.34		28,468		1.15
Trading securities	3,784		3.10		4,183		2.62		2,723		2.02		2,359		2.26		2,455		2.85
Total securities	121,545		2.19		122,642		2.05		122,948		1.85		121,448		1.81		119,682		1.74
Total interest-earning assets	$	292,086	2.14	%	$	302,069	1.85	%	$	297,166	1.65	%	$	291,841	1.59	%	$	289,496	1.47	%
Noninterest-earning assets	54,242				56,106				53,620				53,868				53,019
Total assets	$	346,328			$	358,175			$	350,786			$	345,709			$	342,515

Liabilities and total equity
Interest-bearing liabilities:
Interest-bearing deposits:
Domestic offices	$	54,200	0.78	%	$	51,612	0.55	%	$	45,280	0.36	%	$	44,212	0.28	%	$	48,809	0.17	%
Foreign offices	98,599		0.28		104,092		0.18		102,483		0.09		98,278		0.10		93,527		0.05
Total interest-bearing deposits	152,799		0.45		155,704		0.30		147,763		0.17		142,490		0.16		142,336		0.09
Federal funds purchased and securities sold under repurchase agreements (a)	18,146		3.48		18,963		2.29		20,211		1.83		21,403		1.30		17,970		0.84
Trading liabilities	1,198		2.43		1,569		2.26		1,406		0.38		1,434		0.54		1,216		0.61
Other borrowed funds	2,399		2.40		2,119		1.67		3,421		1.46		2,197		1.38		1,193		1.24
Commercial paper	3,869		2.13		3,131		1.59		3,391		1.23		2,736		1.15		2,215		0.95
Payables to customers and broker-dealers	16,349		1.10		17,101		0.75		17,868		0.49		18,516		0.42		20,609		0.30
Long-term debt	28,349		3.06		28,407		2.49		28,245		2.29		28,138		2.07		27,398		1.87
Total interest-bearing liabilities	$	223,109	1.14	%	$	226,994	0.82	%	$	222,305	0.65	%	$	216,914	0.57	%	$	212,937	0.42	%
Total noninterest-bearing deposits	64,768				71,005				69,111				70,168				73,886
Other noninterest-bearing liabilities	16,857				18,571				18,422				17,763				15,656
Total The Bank of New York Mellon Corporation shareholders’ equity	41,292				41,135				40,494				40,322				39,404
Noncontrolling interests	302				470				454				542				632
Total liabilities and shareholders’ equity	$	346,328			$	358,175			$	350,786			$	345,709			$	342,515
Net interest margin			1.26	%			1.22	%			1.14	%			1.15	%			1.14	%
Net interest margin (FTE) – Non-GAAP (b)			1.26	%			1.23	%			1.16	%			1.16	%			1.16	%
(a) Includes the impact of offsetting under enforceable netting agreements of approximately $18 billion for 2Q18, $14 billion for 1Q18, $14 billion for 4Q17, $7 billion for 3Q17 and $1 billion for 2Q17.
(b) See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
Note: Interest and average rates were calculated on an FTE basis, at tax rates of approximately 21% for quarters in 2018 and approximately 35% for quarters in 2017, using dollar amounts in thousands and the actual number of days in the year.



THE BANK OF NEW YORK MELLON CORPORATION
NONINTEREST EXPENSE

											2Q18 vs.								YTD18 vs.
(dollars in millions)	2Q18		1Q18		4Q17		3Q17		2Q17		1Q18		2Q17		YTD18		YTD17		YTD17
Staff (a)	$	1,489	$	1,576	$	1,628	$	1,485	$	1,432	(6	)%	4	%	$	3,065	$	2,920	5	%
Professional, legal and other purchased services	328		291		339		305		319		13		3		619		632		(2	)
Software and equipment	266		234		297		233		232		14		15		500		455		10
Net occupancy	156		139		153		141		140		12		11		295		276		7
Sub-custodian and clearing (b)	110		119		102		101		108		(8	)	2		229		211		9
Distribution and servicing	106		106		106		109		104		—		2		212		204		4
Business development	62		51		66		49		63		22		(2	)	113		114		(1	)
Bank assessment charges	47		52		53		51		59		(10	)	(20	)	99		116		(15	)
Amortization of intangible assets	48		49		52		52		53		(2	)	(9	)	97		105		(8	)
Other (a)(b)(c)	135		122		210		128		145		11		(7	)	257		264		(3	)
Total noninterest expense	$	2,747	$	2,739	$	3,006	$	2,654	$	2,655	—	%	3	%	$	5,486	$	5,297	4	%

Full-time employees at period end	52,000		52,100		52,500		52,900		52,800		—	%	(2	)%
(a) In 1Q18, we adopted new accounting guidance included in ASU 2017-07, Compensation-Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which required the reclassification of the components of pension and other post-retirement costs, other than the service cost component. As a result, staff expense increased and other expense decreased. Prior periods have been reclassified.
(b) Beginning in 1Q18, clearing expense, which was previously included in other expense, was included with sub-custodian expense. Prior periods have been reclassified.
(c) Beginning in 1Q18, M&I, litigation and restructuring charges are no longer separately disclosed. Expenses previously reported in this line have been reclassified to existing expense categories, primarily other expense.



THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY

	2018						2017
(dollars in millions)	June 30			March 31			Dec. 31			Sept. 30			June 30
Consolidated regulatory capital ratios - fully phased-in basis: (a)
Standardized Approach:
CET1 capital	$	18,386		$	18,334		$	17,838		$	18,141		$	17,629
Tier 1 capital	21,877			21,835			21,339			21,649			21,147
Total capital	23,375			23,340			22,838			23,157			21,960
Risk-weighted assets	152,658			156,472			155,324			152,995			152,645

CET1 ratio	12.0		%	11.7		%	11.5		%	11.9		%	11.5		%
Tier 1 capital ratio	14.3			14.0			13.7			14.2			13.9
Total capital ratio	15.3			14.9			14.7			15.1			14.4

Advanced Approaches:
CET1 capital	$	18,386		$	18,334		$	17,838		$	18,141		$	17,629
Tier 1 capital	21,877			21,835			21,339			21,649			21,147
Total capital	23,175			23,121			22,608			22,941			21,749
Risk-weighted assets	167,220			171,910			173,711			169,293			169,478

CET1 ratio	11.0		%	10.7		%	10.3		%	10.7		%	10.4		%
Tier 1 capital ratio	13.1			12.7			12.3			12.8			12.5
Total capital ratio	13.9			13.4			13.0			13.6			12.8

Tier 1 leverage ratio	6.7		%	6.5		%	6.4		%	6.6		%	6.5		%

SLR:
Leverage exposure	$	355,715		$	367,818		$	360,543		$	355,960		$	352,448
SLR	6.2		%	5.9		%	5.9		%	6.1		%	6.0		%

Average liquidity coverage ratio (“LCR”)	118		%	116		%	118		%	119		%	116		%

Consolidated regulatory capital ratios - transitional basis:
Advanced Approaches:
CET1 ratio	N/A			N/A			10.7		%	11.1		%	10.8		%
Tier 1 capital ratio	N/A			N/A			12.7			13.2			12.9
Total capital ratio	N/A			N/A			13.4			14.0			13.2

Tier 1 leverage ratio	N/A			N/A			6.6		%	6.8		%	6.7		%
SLR	N/A			N/A			6.1			6.3			6.2
(a) Regulatory capital ratios for June 30, 2018 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 noted above was the Advanced Approaches.
N/A - Not applicable. Beginning Jan. 1, 2018, regulatory capital ratios are fully phased-in.



THE BANK OF NEW YORK MELLON CORPORATION
KEY MARKET METRICS

																2Q18 vs.									YTD18 vs.
	2Q18			1Q18			4Q17			3Q17			2Q17			1Q18		2Q17	YTD18			YTD17			YTD17
Key market metrics:
S&P 500 Index (a)	2718			2641			2674			2519			2423			3	%	12	2718			2423			12
S&P 500 Index - daily average	2703			2733			2603			2467			2398			(1	)	13	2718			2362			15
FTSE 100 Index (a)	7637			7057			7688			7373			7313			8		4	7637			7313			4
FTSE 100 Index - daily average	7549			7354			7477			7380			7391			3		2	7451			7331			2
MSCI EAFE (a)	1959			2006			2051			1974			1883			(2	)	4	1959			1883			4
MSCI EAFE - daily average	2018			2073			2005			1934			1856			(3	)	9	2045			1803			13
Barclays Capital Global Aggregate Bond^SM Index (a)(b)	478			491			485			480			471			(3	)	1	478			471			1
NYSE and NASDAQ share volume (in billions)	208			210			188			179			199			(1	)	5	418			385			9
Average interest on excess reserves paid by the Federal Reserve	1.79		%	1.53		%	1.30		%	1.25		%	1.04		%	26	bps	75	1.66		%	0.92		%	74

Foreign exchange rates vs. U.S. dollar:
British pound (a)	$	1.32		$	1.41		$	1.35		$	1.34		$	1.30		(6	)%	2	$	1.32		$	1.30		2
British pound - average rate	1.36			1.39			1.33			1.31			1.28			(2	)	6	1.38			1.26			10
Euro (a)	1.17			1.23			1.20			1.18			1.14			(5	)	3	1.17			1.14			3
Euro - average rate	1.19			1.23			1.18			1.17			1.10			(3	)	8	1.21			1.08			12
(a) Period end.
(b) Unhedged in U.S. dollar terms.
bps - basis points.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SERVICES BUSINESS

																2Q18 vs.										YTD18 vs.
(dollars in millions)	2Q18			1Q18			4Q17			3Q17			2Q17			1Q18		2Q17		YTD18			YTD17			YTD17
Revenue:
Investment services fees:
Asset servicing (ex. securities lending revenue)	$	1,080		$	1,095		$	1,061		$	1,040		$	1,019		(1	)%	6	%	$	2,175		$	2,017		8	%
Securities lending revenue	55			48			45			41			42			15		31		103			82			26
Clearing services	391			414			400			381			393			(6	)	(1	)	805			768			5
Issuer services	265			260			196			288			241			2		10		525			491			7
Treasury services	140			138			136			141			139			1		1		278			278			—
Total investment services fees	1,931			1,955			1,838			1,891			1,834			(1	)	5		3,886			3,636			7
Foreign exchange and other trading revenue	172			169			168			154			145			2		19		341			298			14
Other (a)	130			126			135			142			136			3		(4	)	256			265			(3	)
Total fee and other revenue	2,233			2,250			2,141			2,187			2,115			(1	)	6		4,483			4,199			7
Net interest revenue	874			844			813			777			761			4		15		1,718			1,468			17
Total revenue	3,107			3,094			2,954			2,964			2,876			—		8		6,201			5,667			9
Provision for credit losses	1			(7		)	(2		)	(2		)	(3		)	N/M		N/M		(6		)	(3		)	N/M
Noninterest expense (ex. amortization of intangible assets)	1,931			1,913			2,060			1,837			1,889			1		2		3,844			3,701			4
Amortization of intangible assets	36			36			37			37			38			—		(5	)	72			75			(4	)
Total noninterest expense	1,967			1,949			2,097			1,874			1,927			1		2		3,916			3,776			4
Income before taxes	$	1,139		$	1,152		$	859		$	1,092		$	952		(1	)%	20	%	$	2,291		$	1,894		21	%

Pre-tax operating margin	37		%	37		%	29		%	37		%	33		%					37		%	33		%

Total revenue by line of business:
Asset Servicing	$	1,520		$	1,519		$	1,459		$	1,420		$	1,378		—	%	10	%	$	3,039		$	2,724		12	%
Pershing	558			581			569			542			547			(4	)	2		1,139			1,069			7
Issuer Services	431			418			352			442			398			3		8		849			794			7
Treasury Services	329			321			322			316			311			2		6		650			613			6
Clearance and Collateral Management	269			255			252			244			242			5		11		524			467			12
Total revenue by line of business	$	3,107		$	3,094		$	2,954		$	2,964		$	2,876		—	%	8	%	$	6,201		$	5,667		9	%
(a) Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue and investment and other income.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SERVICES BUSINESS

											2Q18 vs.								YTD18 vs.
(dollars in millions unless otherwise noted)	2Q18		1Q18		4Q17		3Q17		2Q17		1Q18		2Q17		YTD18		YTD17		YTD17
Average loans	$	38,002	$	39,200	$	38,845	$	38,038	$	40,931	(3	)%	(7	)%	$	38,598	$	41,870	(8	)%
Average assets	$	264,387	$	278,095	$	260,494	$	252,461	$	254,724	(5	)%	4	%	$	271,203	$	253,031	7	%
Average deposits	$	203,064	$	214,130	$	204,680	$	198,299	$	200,417	(5	)%	1	%	$	208,567	$	199,206	5	%

AUC/A at period end (in trillions) (a)(b)	$	33.6	$	33.5	$	33.3	$	32.2	$	31.1	—		8	%	$	33.6	$	31.1	8	%
Market value of securities on loan at period end (in billions) (c)	$	432	$	436	$	408	$	382	$	336	(1	)%	29	%	$	432	$	336	29	%

Pershing
Average active clearing accounts (U.S. platform) (in thousands)	6,080		6,075		6,126		6,203		6,159		—		(1	)%
Average long-term mutual fund assets (U.S. platform)	$	512,645	$	514,542	$	508,873	$	500,998	$	480,532	—		7	%
Average investor margin loans (U.S. platform)	$	10,772	$	10,930	$	9,822	$	8,886	$	9,812	(1	)%	10	%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	2,801	$	2,698	$	2,606	$	2,534	$	2,498	4	%	12	%
(a) June 30, 2018 information is preliminary.
(b) Includes the AUC/A of CIBC Mellon of $1.4 trillion at June 30, 2018, $1.3 trillion at March 31, 2018, Dec. 31, 2017 and Sept. 30, 2017 and $1.2 trillion at June 30, 2017.
(c) 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 $70 billion at June 30, 2018, $73 billion at March 31, 2018, $71 billion at Dec. 31, 2017, $68 billion at Sept. 30, 2017 and $66 billion at June 30, 2017.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT MANAGEMENT BUSINESS

																2Q18 vs.										YTD18 vs.
(dollars in millions)	2Q18			1Q18			4Q17			3Q17			2Q17			1Q18		2Q17		YTD18			YTD17			YTD17
Revenue:
Investment management fees (a)	$	885		$	898		$	898		$	871		$	845		(1	)%	5	%	$	1,783		$	1,659		7	%
Performance fees	12			48			50			15			17			(75	)	(29	)	60			29			107
Investment management and performance fees (b)	897			946			948			886			862			(5	)	4		1,843			1,688			9
Distribution and servicing	48			50			51			51			53			(4	)	(9	)	98			105			(7	)
Other (a)	(4		)	16			(25		)	(19		)	(16		)	N/M		N/M		12			(17		)	N/M
Total fee and other revenue (a)	941			1,012			974			918			899			(7	)	5		1,953			1,776			10
Net interest revenue	77			76			74			82			87			1		(11	)	153			173			(12	)
Total revenue	1,018			1,088			1,048			1,000			986			(6	)	3		2,106			1,949			8
Provision for credit losses	2			2			1			(2		)	—			N/M		N/M		4			3			N/M
Noninterest expense (ex. amortization of intangible assets)	685			692			756			687			683			(1	)	—		1,377			1,351			2
Amortization of intangible assets	12			13			15			15			15			(8	)	(20	)	25			30			(17	)
Total noninterest expense	697			705			771			702			698			(1	)	—		1,402			1,381			2
Income before taxes	$	319		$	381		$	276		$	300		$	288		(16	)%	11	%	$	700		$	565		24	%
Income before taxes (ex. amortization of intangible assets) – Non-GAAP	$	331		$	394		$	291		$	315		$	303		(16	)%	9	%	$	725		$	595		22	%

Pre-tax operating margin	31		%	35		%	26		%	30		%	29		%					33		%	29		%
Adjusted pre-tax operating margin – Non-GAAP (c)	35		%	39		%	29		%	34		%	33		%					37		%	32		%

Total revenue by line of business:
Asset Management	$	702		$	770		$	738		$	693		$	683		(9	)%	3	%	$	1,472		$	1,344		10	%
Wealth Management	316			318			310			307			303			(1	)	4		634			605			5
Total revenue by line of business	$	1,018		$	1,088		$	1,048		$	1,000		$	986		(6	)%	3	%	$	2,106		$	1,949		8	%

Average loans	$	16,974		$	16,876		$	16,813		$	16,724		$	16,560		1	%	3	%	$	16,926		$	16,358		3	%
Average assets	$	31,504		$	31,963		$	31,681		$	31,689		$	31,355		(1	)%	—	%	$	31,732		$	31,212		2	%
Average deposits	$	14,252		$	13,363		$	11,633		$	12,374		$	14,866		7	%	(4	)%	$	13,810		$	15,380		(10	)%
(a) Total fee and other revenue includes the impact of the consolidated investment management funds, net of noncontrolling interests. Additionally, other revenue includes asset servicing, treasury services, foreign exchange and other trading revenue and investment and other income.
(b) On a constant currency basis, investment management and performance fees increased 2% (Non-GAAP) compared with 2Q17. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Net of distribution and servicing expense. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure. In 1Q18, the adjusted pre-tax margin – Non-GAAP for prior periods was restated to include amortization of intangible assets and the provision for credit losses.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT, AUM FLOWS AND WEALTH MANAGEMENT CLIENT ASSETS

																2Q18 vs.										YTD18 vs.
(dollars in billions)	2Q18			1Q18			4Q17			3Q17			2Q17			1Q18		2Q17		YTD18			YTD17			YTD17
AUM by product type (a)(b)
Equity	$	160		$	161		$	161		$	158		$	163		(1	)%	(2	)%
Fixed income	197			206			206			206			198			(4	)	(1	)
Index	334			333			350			333			324			—		3
Liability-driven investments, including currency overlay	663			700			667			622			607			(5	)	9
Multi-asset and alternative investments	181			185			214			207			192			(2	)	(6	)
Cash	270			283			295			298			287			(5	)	(6	)
Total AUM by product type	$	1,805		$	1,868		$	1,893		$	1,824		$	1,771		(3	)%	2	%

Changes in AUM (a)(b)
Beginning balance of AUM	$	1,868		$	1,893		$	1,824		$	1,771		$	1,727						$	1,893		$	1,648
Net (outflows) inflows:
Long-term strategies:
Equity	(3		)	—			(6		)	(2		)	(2		)					(3		)	(6		)
Fixed income	(4		)	7			(2		)	4			2							3			4
Liability-driven investments, including currency overlay	2			13			23			(2		)	15							15			29
Multi-asset and alternative investments	(3		)	(3		)	2			3			1							(6		)	3
Total long-term active strategies (outflows) inflows	(8		)	17			17			3			16							9			30
Index	(7		)	(13		)	(1		)	(3		)	(13		)					(20		)	(13		)
Total long-term strategies (outflows) inflows	(15		)	4			16			—			3							(11		)	17
Short-term strategies:
Cash	(11		)	(14		)	(4		)	10			11							(25		)	24
Total net (outflows) inflows	(26		)	(10		)	12			10			14							(36		)	41
Net market impact	17			(14		)	47			17			1							3			42
Net currency impact	(53		)	29			10			26			29							(24		)	40
Divestiture/Other (c)	(1		)	(30		)	—			—			—							(31		)	—
Ending balance of AUM	$	1,805		$	1,868		$	1,893		$	1,824		$	1,771		(3	)%	2	%	$	1,805		$	1,771		2	%

Wealth Management client assets (a)(d)	$	254		$	246		$	251		$	245		$	239		3	%	6	%
(a) June 30, 2018 information is preliminary.
(b) Excludes securities lending cash management assets and assets managed in the Investment Services business.
(c) Primarily reflects a change in methodology beginning in 1Q18 to exclude AUM related to equity method investments as well as the CenterSquare divestiture.
(d) Includes AUM and AUC/A in the Wealth Management business.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SECURITIES PORTFOLIO

(dollars in millions)	March 31, 2018			2Q18 change in unrealized gain (loss)			June 30, 2018					Fair value as a % of amortized cost (a)		Unrealized gain (loss)				Ratings (b)
	March 31, 2018						Amortized cost		Fair value									AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
	Fair value						Amortized cost		Fair value									AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
Agency RMBS	$	49,093		$	(145	)	$	50,906	$	49,741		98	%	$	(1,165	)		100	%	—	%	—	%	—	%	—	%
U.S. Treasury	23,545			17			24,106		23,962			99		(144		)		100		—		—		—		—
Sovereign debt/sovereign guaranteed	14,732			(26		)	12,976		13,069			101		93				74		6		19		1		—
Agency commercial MBS	10,805			105			11,096		11,019			99		(77		)		100		—		—		—		—
U.S. Government agencies	2,669			(2		)	3,284		3,269			100		(15		)		100		—		—		—		—
CLOs	3,129			(10		)	3,179		3,177			100		(2		)		98		—		—		1		1
Foreign covered bonds	2,806			(2		)	2,980		2,976			100		(4		)		100		—		—		—		—
State and political subdivisions	2,742			7			2,653		2,646			100		(7		)		76		16		4		—		4
Non-agency RMBS (c)	1,745			(22		)	1,340		1,621			121		281				7		9		9		60		15
Non-agency commercial MBS	1,532			(148		)	1,403		1,391			99		(12		)		96		4		—		—		—
Corporate bonds	1,222			(7		)	1,167		1,146			98		(21		)		13		71		16		—		—
Other (d)	4,183			—			4,497		4,484			100		(13		)		82		16		—		—		2
Total investment securities	$	118,203	(e)	$	(233	)	$	119,587	$	118,501	(e)	99	%	$	(1,086	)	(e)(f)	94	%	2	%	3	%	1	%	—	%
(a) Amortized cost reflects historical impairments.
(b) Represents ratings by S&P, or the equivalent.
(c) Includes RMBS that were included in the former Grantor Trust of $1,019 million at March 31, 2018 and $943 million at June 30, 2018.
(d) Includes commercial paper with a fair value of $700 million at March 31, 2018 and $699 million at June 30, 2018.
(e) Includes net unrealized gains on derivatives hedging securities available-for-sale of $238 million at March 31, 2018 and net unrealized gains of $373 million at June 30, 2018.
(f) Unrealized losses of $133 million at June 30, 2018 related to available-for-sale securities, net of hedges.



THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS

	2018						2017
(dollars in millions)	June 30			March 31			Dec. 31			Sept. 30			June 30
Allowance for credit losses - beginning of period:
Allowance for loan losses	$	156		$	159		$	161		$	165		$	164
Allowance for lending-related commitments	100			102			104			105			112
Allowance for credit losses - beginning of period	$	256		$	261		$	265		$	270		$	276

Net recoveries (charge-offs):
Charge-offs	—			—			—			—			—
Recoveries	1			—			2			1			1
Total net recoveries (charge-offs)	1			—			2			1			1
Provision for credit losses	(3		)	(5		)	(6		)	(6		)	(7		)
Allowance for credit losses - end of period	$	254		$	256		$	261		$	265		$	270

Allowance for credit losses - end of period:
Allowance for loan losses	$	145		$	156		$	159		$	161		$	165
Allowance for lending-related commitments	109			100			102			104			105
Allowance for credit losses - end of period	$	254		$	256		$	261		$	265		$	270

Allowance for loan losses as a percentage of total loans	0.25		%	0.26		%	0.26		%	0.27		%	0.27		%

Nonperforming assets	$	82		$	85		$	90		$	94		$	100



THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY Mellon has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis, as a supplement to GAAP information. Tangible common shareholders’ equity excludes goodwill and intangible assets, net of deferred tax liabilities. BNY Mellon believes that the return on tangible common equity measure is an additional useful measure for investors because it presents a measure of those assets that can generate income. BNY Mellon has provided a measure of tangible book value per common share, which it believes provides additional useful information as to the level of tangible assets in relation to shares of common stock outstanding.

Net interest revenue (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.

BNY Mellon has presented the operating margin for the Investment Management business net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. BNY Mellon believes that this measure is useful when evaluating the performance of the Investment Management business relative to industry competitors.

The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. BNY Mellon believes that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

Notes:
Certain immaterial reclassifications/revisions have been made to prior periods to place them on a basis comparable with the current period's presentation.

In businesses where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.

Quarterly and year-to-date return on common and tangible common equity ratios are annualized.


Return on common equity and tangible common equity reconciliation
(dollars in millions)	2Q18			1Q18			4Q17			3Q17			2Q17			YTD18			YTD17
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,055		$	1,135		$	1,126		$	983		$	926		$	2,190		$	1,806
Add: Amortization of intangible assets	48			49			52			52			53			97			105
Less: Tax impact of amortization of intangible assets	11			12			18			17			19			23			37
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,092		$	1,172		$	1,160		$	1,018		$	960		$	2,264		$	1,874

Average common shareholders’ equity	$	37,750		$	37,593		$	36,952		$	36,780		$	35,862		$	37,672		$	35,416
Less: Average goodwill	17,505			17,581			17,518			17,497			17,408			17,543			17,373
Average intangible assets	3,341			3,397			3,437			3,487			3,532			3,369			3,555
Add: Deferred tax liability – tax deductible goodwill (a)	1,054			1,042			1,034			1,561			1,542			1,054			1,542
Deferred tax liability – intangible assets (a)	709			716			718			1,092			1,095			709			1,095
Average tangible common shareholders’ equity – Non-GAAP	$	18,667		$	18,373		$	17,749		$	18,449		$	17,559		$	18,523		$	17,125

Return on common equity – GAAP	11.2		%	12.2		%	12.1		%	10.6		%	10.4		%	11.7		%	10.3		%
Return on tangible common equity – Non-GAAP	23.5		%	25.9		%	25.9		%	21.9		%	21.9		%	24.6		%	22.1		%
(a) Deferred tax liabilities, for the prior periods, are based on fully phased-in U.S. capital rules.



THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2018						2017
(dollars in millions except common shares)	June 30			March 31			Dec. 31			Sept. 30			June 30
BNY Mellon shareholders’ equity at period end – GAAP	$	41,505		$	41,728		$	41,251		$	40,523		$	39,974
Less: Preferred stock	3,542			3,542			3,542			3,542			3,542
BNY Mellon common shareholders’ equity at period end – GAAP	37,963			38,186			37,709			36,981			36,432
Less: Goodwill	17,418			17,596			17,564			17,543			17,457
Intangible assets	3,308			3,370			3,411			3,461			3,506
Add: Deferred tax liability – tax deductible goodwill (a)	1,054			1,042			1,034			1,561			1,542
Deferred tax liability – intangible assets (a)	709			716			718			1,092			1,095
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	19,000		$	18,978		$	18,486		$	18,630		$	18,106

Period-end common shares outstanding (in thousands)	999,945			1,010,676			1,013,442			1,024,022			1,033,156

Book value per common share – GAAP	$	37.97		$	37.78		$	37.21		$	36.11		$	35.26
Tangible book value per common share – Non-GAAP	$	19.00		$	18.78		$	18.24		$	18.19		$	17.53
(a) Deferred tax liabilities, for the prior periods, are based on fully phased-in U.S. capital rules.



Net interest margin reconciliation
(dollars in millions)	2Q18			1Q18			4Q17			3Q17			2Q17
Net interest revenue – GAAP	$	916		$	919		$	851		$	839		$	826
Add: Tax equivalent adjustment	5			6			11			12			12
Net interest revenue (FTE) – Non-GAAP	$	921		$	925		$	862		$	851		$	838

Average interest-earning assets	$	292,086		$	302,069		$	297,166		$	291,841		$	289,496

Net interest margin – GAAP (a)	1.26		%	1.22		%	1.14		%	1.15		%	1.14		%
Net interest margin (FTE) – Non-GAAP (a)	1.26		%	1.23		%	1.16		%	1.16		%	1.16		%
(a) Net interest margin is annualized.



THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment Management business
(dollars in millions)	2Q18			1Q18			4Q17			3Q17			2Q17			YTD18			YTD17
Income before income taxes – GAAP	$	319		$	381		$	276		$	300		$	288		$	700		$	565

Total revenue – GAAP	$	1,018		$	1,088		$	1,048		$	1,000		$	986		$	2,106		$	1,949
Less: Distribution and servicing expense	103			110			107			110			104			213			205
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	915		$	978		$	941		$	890		$	882		$	1,893		$	1,744

Pre-tax operating margin – GAAP (a)	31		%	35		%	26		%	30		%	29		%	33		%	29		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	35		%	39		%	29		%	34		%	33		%	37		%	32		%
(a) Income before taxes divided by total revenue.



Constant currency reconciliations							2Q18 vs.
(dollars in millions)	2Q18			2Q17			2Q17
Consolidated:
Investment management and performance fees	$	910		$	879		4		%
Impact of changes in foreign currency exchange rates	—			20
Adjusted investment management and performance fees – Non-GAAP	$	910		$	899		1		%


Investment Management business:
Investment management and performance fees	$	897		$	862		4		%
Impact of changes in foreign currency exchange rates	—			20
Adjusted investment management and performance fees – Non-GAAP	$	897		$	882		2		%



Table of Contents




Consolidated Results		Page
Consolidated Financial Highlights		3
Condensed Consolidated Income Statement		4
Condensed Consolidated Balance Sheet		5
Fee and Other Revenue		6
Average Balances and Interest Rates		7
Noninterest Expense		8
Capital and Liquidity		9

Key Market Metrics		10

Business Segment Results
Investment Services Business		11
Investment Management Business		13
AUM by Product, AUM Flows and Wealth Management Client Assets		14
Other Segment		15

Other
Investment Securities Portfolio		16
Allowance for Credit Losses and Nonperforming Assets		17

Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures		18