Bank of New York Mellon : Quarterly Financial Highlights 1Q 2020

First Quarter 2020

Financial Highlights

A p r i l 1 6 , 2 0 2 0

Management Priorities in Response to Coronavirus Impact

Employees

• Support well-being of employees and communities during challenging time
• Early and successful initiation of our business continuity plans
• Significant majority of global workforce working remotely

Clients

• Operationally resilient
• Laser focused on helping clients manage through disruption and uncertainty
• Digital capabilities enabling clients to continue operations

Balance Sheet

• Maintaining strong, liquid and lower risk balance sheet
• Supporting our clients and markets

2 First Quarter 2020 - Financial Highlights

Resilient During Volatile Markets

Attractive

business model

• Performs relatively well under stress
• Client base of leading institutional clients, governments, endowments and pension funds
• Diversified and stable business mix with high percentage of recurring revenue

Lower

risk profile

• Lower credit and market risk
• High quality loan portfolio supporting broad relationships
• Predominantly AAA/AA and government securities

Disciplined

execution

• Controlling expenses during uncertain times
• Prior investments strengthened technology infrastructure and operations
• Executing on comprehensive business continuity plans
• Continuing to focus on long-term strategic priorities

Strong and liquid balance sheet

• Capital and liquidity ratios remain comfortably above internal targets and regulatory minimums
• Using our substantial resources to support client activities
• Consistent returns and proven capital generation

3 First Quarter 2020 - Financial Highlights

1Q20 Financial Results

P R O F I T S	R E T U R N S
›	Net Income: $944 million	›	ROE: 10.1%
›	Diluted EPS: $1.05	›	ROTCE: 20.4% (a)

› Returned $1.3 billion to shareholders

P R E - T A X I N C O M E			T O T A L R E V E N U E
($ millions)				($ millions)
	+3%			Investment	Services			2,965
	1,822		75			3,014	+9%
			70
			65
		1,227	60
1,193		55			3,242
		50
			45
			40
			35
	38%		30
31%	30%	25
	20		Management	936
			15	Investment
			10
1Q19	4Q19	1Q20	5	971
	(4)%
	Pre-tax operating margin		898
Ex notable items(a)	4Q19
	PTI ($m)	1,218				1Q19	4Q19	1Q20
	Op Margin	31%

B A L A N C E S H E E T

• CET1: 11.3%
• Tier 1 Leverage: 6.0%
• SLR: 5.6%
• LCR: 115%
• Investment Services revenue primarily

driven by higher foreign exchange and transaction revenues

• Investment Management revenue impacted by equity investment losses, including seed capital; investment management and performance fees were up 2%
• Expenses flat
• Provision for credit losses of $169 million; net charge-offs of $1 million
• Strong capital returns

1. Represents a non-GAAPmeasure. See page 17 in the Appendix for corresponding reconciliation of notable items and page 18 for corresponding reconciliation of ROTCE.
   4 First Quarter 2020 - Financial Highlights

1Q20 Financial Highlights

($ millions, except per share data)

		1 Q 2 0	4 Q 1 9	1 Q 1 9
T O T A L R E V E N U E	$4,108		(14)%	5%
Fee revenue	3,323		(16)	10
Net interest revenue	814		-	(3)
Provision for credit losses	169		N/M	N/M
Noninterest expense	2,712		(9)	-
Income before income taxes	1,227		(33)	3
Net income applicable to common shareholders	$944		(32)%	4%
E A R N I N G S P E R C O M M O N S H A R E		$1.05		(31)%	12%
Operating leverage (a)				(552) bps	488 bps
Pre-tax operating margin	30%		(829) bps	(72) bps
Return on common equity (annualized)	10.1%		(451) bps	13 bps
Return on tangible common equity (annualized) (b)	20.4%		(891) bps	(32) bps

N O T A B L E I T E M S ( C )

Increase / (decrease)	Revenue	Expense	EPS
4Q19	790	186	$0.50

4Q19 includes gain from the sale of an equity investment, partially offset by severance, net securities losses and litigation

Note: See page 16 in the Appendix for corresponding footnotes. N/M - not meaningful; bps - basis points

5 First Quarter 2020 - Financial Highlights

Capital and Liquidity

	1 Q 2 0	4 Q 1 9	1 Q 1 9
Consolidated regulatory capital ratios: (a)
Common Equity Tier 1 ("CET1") ratio	11.3%	11.5%	11.1%
Tier 1 capital ratio	13.5	13.7	13.2
Total capital ratio	14.3	14.4	14.0
Tier 1 leverage ratio	6.0	6.6	6.8
Supplementary leverage ratio ("SLR")	5.6	6.1	6.3
Average liquidity coverage ratio ("LCR")	115%	120%	118%
Book value per common share	$42.47	$42.12	$39.36
Tangible book value per common share - non-GAAP(b)	$21.53	$21.33	$19.74
Cash dividends per common share	$0.31	$0.31	$0.28
Common shares outstanding (thousands)	885,443	900,683	957,517

Note: See page 16 in the Appendix for corresponding footnotes.

6 First Quarter 2020 - Financial Highlights

Net Interest Revenue

	D R I V E R S O F S E Q U E N T I A L N I R C H A N G E
($ millions)
815					814
4Q19	+ Average	+ Higher	- Rate impact	− Hedging	1Q20
	deposit	securities	(i.e., interest-	(largely
	balances	and loan	earning asset	offset in FX
	up ~$26bn	balances	yield declines	and other
			partially offset	trading)
			by lower
			deposit and
			funding cost)

7 First Quarter 2020 - Financial Highlights

• Higher deposit balances due to ongoing deposit initiatives and surge in March
• Increased investment securities and loans
• Lower yields on asset portfolios were partially offset by lower deposit rates
• Wider spreads between LIBOR and Fed Funds positively impacted 1Q20

Deposit Balances

($ billions)

AV E R A G E

D E P O S I T S

	+20%
	+11%
		258
214	232
	182	198
160
0.99%	0.73%
	0.49%

55	50	61
1Q19	4Q19	1Q20

Interest-bearing deposits rate

Interest-bearing deposits

Noninterest-bearing deposits

Note: May not foot due to rounding.

8 First Quarter 2020 - Financial Highlights

1 Q 2 0 AV E R A G E D E P O S I T S B Y M O N T H

+31%

308

• March balances increased significantly

235 230

• Majority of client deposit balances linked to Investment Services businesses
• Deposit pricing adjusted for rate declines

Jan Feb Mar

Credit Risk Profile

($ billions)

AV E R A G E I N T E R E S T -	L O A N S	(a)
E A R N I N G A S S E T S
		+15%
					+9%
					324	Overdrafts
		298
			56	and other	Wealth
282
							14%	management
51	53
								26%

S E C U R I T I E S(a)

		Corporates,
CLOs, ABS,		Munis, CP
Non-agency		and CDs
RMBS & CMBS	4%
	7%

129

Commercial 6%

136

U.S.	U.S. Agency,
Treasuries 18%	Agency

124

CRE 10%

106	116	132	21%	23%
	Margin	Financial
			institutions
			loans
1Q19	4Q19	1Q20

Loans

Securities

Cash/Reverse repo

52%	RMBS
	and CMBS

19%

Sovereign

debt/guaranteed,

Foreign gov't agency,

Supranational &

Covered bonds

Note: May not foot due to rounding. (a) Data end of period as of 3/31/20. Loan percentages are preliminary. Securities portfolio excludes trading securities.

9 First Quarter 2020 - Financial Highlights

Noninterest Expense

($ millions)	1 Q 2 0	4 Q 1 9	1 Q 1 9
Staff	$1,482	(10)%	(3)%
Professional, legal and other purchased services	330	(10)	2
Software and equipment	326	-	15
Net occupancy	135	(11)	(1)
Sub-custodian and clearing	105	(12)	-
Distribution and servicing	91	(1)	-
Business development	42	(35)	(7)
Bank assessment charges	35	9	13
Amortization of intangible assets	26	(7)	(10)
Other	140	(3)	9
Total noninterest expense	$2,712	(9)%	- %

• Noninterest expense increased slightly year-over-year
• • Increase primarily reflects continued investments in technology and higher pension expense, partially offset by lower staff expense and the favorable impact of a stronger U.S. dollar
• Technology expenses are included in staff, professional,
  .legal and other purchased services and software and
  .equipment
• Sequential growth rates are impacted by notable items
  .in 4Q19. See appendix

10 First Quarter 2020 - Financial Highlights

Investment Services

F I N A N C I A L H I G H L I G H T S	1 Q 2 0	4 Q 1 9	1 Q 1 9
($ millions unless otherwise noted)
Total revenue by line of business:
Asset Servicing	$1,531	9%	8%
Pershing	653	13	16
Issuer Services	419	1	6
Treasury Services	339	3	7
Clearance and Collateral Management	300	7	9
Total revenue	3,242	8	9
Provision for credit losses	149	N/M	N/M
Noninterest expense	1,987	(9)	-
Income before taxes	$1,106	32%	13%
Pre-tax operating margin	34%	626 bps	120 bps
K E Y M E T R I C S
Foreign exchange and other trading revenue	$261	73%	66%
Securities lending revenue	46	15	5
Average loans	41,789	8	12
Average deposits	242,187	12	24
AUC/A at period end (tr) (a)	35.2	(5)	2
Market value of securities on loan at period end (bn) (b)	$389	3%	3%
Pershing
Net new assets (U.S. platform) (bn) (c)		(6)	N/M
$31
Average active clearing accounts (U.S. platform) (thousands)	6,437	2	4
Clearance and Collateral Management
Average tri-party collateral mgmt. balances (tr)	$3.7	5%	14%

Note: See page 16 in the Appendix for corresponding footnotes. N/M - not meaningful; bps - basis points

11 First Quarter 2020 - Financial Highlights

• Asset Servicing up year-over-year on higher foreign exchange and other trading revenue and volumes from existing clients, partially offset by lower net interest revenue. The decrease in net interest revenue primarily reflects lower rates, partially offset by higher deposits and loans
• Pershing up on higher clearing volumes, a one-time fee and growth in client assets and accounts
• Issuer Services up due to higher Corporate Trust and Depositary Receipts fees
• Treasury Services up on higher fees and net interest revenue. The increase in net interest revenue was driven by deposit growth
• Clearance and Collateral Management up primarily driven by growth in collateral management and clearance volumes and higher net interest revenue
• AUC/A of $35.2 trillion up primarily reflecting higher client inflows, partially offset by lower market values and the unfavorable impact of a stronger U.S. dollar

Investment Services - Revenue Drivers

($ millions)
	+8%
1,415	1,531
1Q19	1Q20
A S S E T
S E R V I C I N G

	+16%
	653
561
1Q19	1Q20
P E R S H I N G

	+6%
396	419
1Q19	1Q20
I S S U E R
S E R V I C E S

	+7%
317	339
1Q19	1Q20
T R E A S U R Y
S E R V I C E S

	+9%
276	300
1Q19	1Q20
C L E A R A N C E A N D
C O L L A T E R A L

• FX and other trading revenue
• Higher client volumes - Net interest revenue

+ Clearing volumes	+ Corporate Trust new
+ One-time fee	business and FX
+ Client assets and	+ Depositary Receipts
accounts	cross border volumes
	- Depositary Receipts
	corporate actions

• IB deposit levels
• Payment volumes
• Net new business

• New business from new and existing clients
• Average Tri-party balances
• U.S. and Global clearance volumes
• Noninterest-bearingdeposits - Loan volumes

12 First Quarter 2020 - Financial Highlights

Investment Management

F I N A N C I A L H I G H L I G H T S	1 Q 2 0	4 Q 1 9	1 Q 1 9
($ millions unless otherwise noted)
Total revenue by line of business:
Asset Management	$620	(10)%	(3)%
Wealth Management	278	-	(6)
Total revenue		(8)	(4)
898
Provision for credit losses		N/M	N/M
9
Noninterest expense	695	(5)	4
Income before taxes	$194	(19)%	(27)%
Pre-tax operating margin	22%	(313) bps	(666) bps
Adjusted pre-tax operating margin - non-GAAP(a)	24%	(330) bps	(726) bps
K E Y M E T R I C S
Average loans	$12,124	1%	(2)%
Average deposits	16,144	6	2
Wealth Management client assets (bn) (b)	$236	(11)%	(7)%

C H A N G E S I N A U M ( b n ) ( C )	1 Q 2 0	4 Q 1 9	1 Q 1 9
Beginning balance	$1,910	$1,881	$1,722
Equity	(2)	(6)	(4)
Fixed income		5	3
-
Liability-driven investments		(3)	5
(5)
Multi-asset and alternatives	(1)	3	(4)
Index	3	(5)	(2)
Cash	43	(7)	2
Total net inflows (outflows)	38	(13)	-
Net market impact	(91)	(20)	103
Net currency impact		62	16
(61)
Ending balance	$1,796	$1,910	$1,841

Note: See page 16 in the Appendix for corresponding footnotes. N/M - not meaningful; bps - basis points

13 First Quarter 2020 - Financial Highlights

• Asset Management down year-over-year on equity investment losses, including seed capital, and an unfavorable change in the mix of AUM since 1Q19, partially offset by higher performance fees and market values
• Wealth Management down primarily reflecting lower net interest revenue due to lower interest rates, partially offset by the impact of higher deposits
• Noninterest expense up primarily reflecting higher professional, legal and other purchased services
• AUM of $1.8 trillion down primarily reflecting the unfavorable impact of a stronger U.S. dollar

Other Segment

F I N A N C I A L H I G H L I G H T S	1 Q 2 0	4 Q 1 9	1 Q 1 9
($ millions unless otherwise noted)
Fee revenue	$21	$817	$17
Net securities gains (losses)	9	(23)	1
Total fee and other revenue	30	794	18
Net interest (expense)	(44)	(10)	(30)
Total (loss) revenue	(14)	784	(12)
Provision for credit losses	11	(3)	(2)
Noninterest expense	30	54	49
(Loss) income before taxes	$(55)	$733	$(59)

• Total revenue decreased sequentially primarily reflecting the gain on sale of an equity investment recorded in 4Q19
• Net interest expense increased sequentially primarily reflecting corporate treasury activity
• Noninterest expense decreased year-over-year primarily due to lower staff expense

Note: Prior periods have been restated. See "Segment Reporting Changes" on page 19 for additional information.

14 First Quarter 2020 - Financial Highlights

Appendix

Footnotes

1Q20 Financial Highlights, Page 5

1. Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.
2. See page 18 for corresponding reconciliation of this non-GAAP measure.
3. Represents a non-GAAP measure. See page 17 in the Appendix for corresponding reconciliation.

Capital and Liquidity, Page 6

1. Regulatory capital ratios for Mar. 31, 2020 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 Dec. 31, 2019 and Mar. 31, 2019 was the Advanced Approaches, and for Mar. 31, 2020 was the Standardized Approaches for the CET1 and Tier 1 capital ratios and the Advanced Approach for the Total capital ratio.
2. Tangible book value per common share - non-GAAP - excludes goodwill and intangible assets, net of deferred tax liabilities. See page 18 for corresponding reconciliation

of this non-GAAP measure.

Investment Services, Page 11

Prior periods have been restated. See "Segment Reporting Changes" on page 19 for additional detail.

1. 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 $1.2 trillion at Mar. 31, 2020, $1.5 trillion at Dec. 31, 2019 and $1.3 trillion at Mar. 31, 2019.
2. 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 $59 billion at Mar. 31, 2020, $60 billion at Dec. 31, 2019 and $62 billion at Mar. 31, 2019.
3. Net new assets represents net flows of assets (e.g., net cash deposits and net securities transfers) in customer accounts in Pershing LLC, a U.S. broker-dealer.

Investment Management, Page 13

Prior periods have been restated. See "Segment Reporting Changes" on page 19 for additional detail.

1. Net of distribution and servicing expense. See page 19 for corresponding reconciliation of this non-GAAP measure.
2. Current period is preliminary. Includes AUM and AUC/A in the Wealth Management business.
3. Current period is preliminary. Excludes securities lending cash management assets and assets managed in the Investment Services business.

16 First Quarter 2020 - Financial Highlights

First Quarter Results - Impact of Sequential Notable Items

($ in millions, except per share data unless otherwise noted)				1 Q 2 0							4 Q 1 9			1 Q 2 0 v s	4 Q 1 9
	Results -		Notable			Results -		Results -	Notable		Results -	GAAP			non-
	GAAP		items			non-GAAP		GAAP	items(a)		non-GAAP			GAAP
Fee revenue	$3,323		$ -	$3,323	$3,971	$815	$3,156	(16)%			5%
Net securities gains (losses)	9			-	9	(25)	(25)		-	N/M	N/M
Total fee and other revenue	3,332		-	3,332	3,946	790	3,156	(16)			6
(Loss) income from consolidated investment	(38)			-	(38)	17	-	17	N/M	N/M
management funds
Net interest revenue	814			-	814	815	-	815	-	-
Total revenue	4,108		-	4,108	4,778	790	3,988	(14)			3
Provision for credit losses	169			-	169	(8)	-	(8)	N/M	N/M
Noninterest expense	2,712		-	2,712	2,964	186	2,778	(9)			(2)
Income (loss) before income taxes	1,227		-	1,227	1,822	604	1,218	(33)			1
Provision for income taxes	265			-	265	373	144	229	(29)			16
Net income	$962		-	$962	$1,449	$460	$989	(34)%			(3)%
Net income applicable to common shareholders	$944		-	$944	$1,391	$460	$931	(32)%			1%
Operating leverage(b)														(552) bps	538 bps
Diluted earnings per common share(c)	$1.05		-	$1.05	$1.52	$0.50	$1.01	(31)%			3%
Average common shares and equivalents	896,689							914,739
outstanding - diluted (in thousands)
Pre-tax operating margin	30%				30%	38%		31%
N O T A B L E I T E M S B Y B U S I N E S S S E G M E N T
			4Q19
	IS	IM		Other	Total
Fee and other revenue	$ -	$ -	$790	$790
Net interest revenue	$ -	$ -		-			-
Total revenue	$ -	$ -	790	790
Total noninterest expense	119	16	51	186
Income (loss) before taxes	$(119)	$(16)	$739	$604

1. Includes a gain on sale of an equity investment, severance, net securities losses and litigation expense.
2. Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.
3. Does not foot due to rounding.

IS - Investment Services; IM - Investment Management; N/M - not meaningful; bps - basis points

17 First Quarter 2020 - Financial Highlights

Return on Common Equity and Tangible Common Equity Reconciliation

($ millions)

Net income applicable to common shareholders of The Bank of New York Mellon Corporation - GAAP Add: Amortization of intangible assets

Less: Tax impact of amortization of intangible assets

Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets - non-GAAP

Average common shareholders' equity

Less: Average goodwill

Average intangible assets

Add: Deferred tax liability - tax deductible goodwill

Deferred tax liability - intangible assets

Average tangible common shareholders' equity - non-GAAP

Return on common equity (annualized) - GAAP

Return on tangible common equity (annualized) - non-GAAP

1 Q 2 0	4 Q 1 9	1 Q 1 9
$944	$1,391	$910
26	28	29
6	7	7
$964	$1,412	$932
$37,664	$37,842	$37,086
17,311	17,332	17,376
3,089	3,119	3,209
1,109	1,098	1,083
666	670	690
$19,039	$19,159	$18,274
10.1%	14.6%	10.0%
20.4%	29.3%	20.7%

Book Value and Tangible Book Value Per Common Share Reconciliation

	($ millions, except common shares)	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
	BNY Mellon shareholders' equity at period end - GAAP	$41,145	$41,483	$41,225
	Less: Preferred stock	3,542	3,542	3,542
	BNY Mellon common shareholders' equity at period end - GAAP	37,603	37,941	37,683
	Less: Goodwill	17,240	17,386	17,367
	Intangible assets	3,070	3,107	3,193
	Add: Deferred tax liability - tax deductible goodwill	1,109	1,098	1,083
	Deferred tax liability - intangible assets	666	670	690
	BNY Mellon tangible common shareholders' equity at period end - non-GAAP	$19,068	$19,216	$18,896
	Period-end common shares outstanding (in thousands)	885,443	900,683	957,517
	Book value per common share - GAAP	$42.47	$42.12	$39.36
	Tangible book value per common share - non-GAAP	$21.53	$21.33	$19.74
18	First Quarter 2020 - Financial Highlights

Pre-tax Operating Margin Reconciliation - Investment Management Business

($ millions)	1 Q 2 0	4 Q 1 9	1 Q 1 9
Income before income taxes - GAAP	$194	$240	$266
Total revenue - GAAP	$898	$971	$936
Less: Distribution and servicing expense	91	93	91
Adjusted total revenue, net of distribution and servicing expense - non-GAAP	$807	$878	$845
Pre-tax operating margin - GAAP (a)	22%	25%	28%
Adjusted pre-tax operating margin, net of distribution and servicing expense - non-GAAP(a)	24%	27%	31%

Segment Reporting Changes

In the first quarter of 2020, we reclassified the results of certain services provided between the segments from noninterest expense to fee and other revenue. This activity is offset in the Other segment and relates to services that are also provided to third-parties and provides consistency with the reporting of the revenues. This adjustment had no impact on income before taxes of the businesses. Prior periods have been restated.

In the first quarter of 2020, we reclassified the results related to certain lending activities from the Wealth Management business to the Pershing business. These loans were originated by the Wealth Management business as a service to Pershing clients. This resulted in an increase in total revenue, noninterest expense and income before taxes in the Pershing business and corresponding decrease in the Wealth Management business. Prior periods have been restated.

For additional information on the segment reporting changes, see "Segment Reporting Changes" in the Financial Supplement available at www.bnymellon.com.

(a) Income before income taxes divided by total revenue.

19 First Quarter 2020 - Financial Highlights

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, performance, organizational quality and efficiency, investments, including in technology and product development, capabilities, resiliency, revenue, net interest revenue, fees, expenses, cost discipline, sustainable growth, company management, deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, 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, including the potential effects of the coronavirus pandemic on any of the foregoing. 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, 2019 (the "2019 Annual Report") and in other filings of the Corporation with the Securities and Exchange Commission (the "SEC"). Statements about the effects of the current and near-term market and macroeconomic environment on the Corporation, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and 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), including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on the Corporation, our clients and customers and third parties Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as the Corporation completes its Form 10-Q for the first quarter of 2020. All forward-looking statements speak only as of April 16, 2020, 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 2019 Annual Report, and are available at www.bnymellon.com/investorrelations.

20 First Quarter 2020 - Financial Highlights