BNY

BNY exhibits sustained short-term demand via the Devil’s Bargain continuation pattern and higher highs/lows structure, with price tightly tracking above rising EMAs and no clear exhaustion. Medium- and long-term biases remain bullish under a Stage 2 advance with low transition risk. We recommend buying now on continuation above recent highs or on shallow pullbacks into the EMAs for trend participation.

• ↑Q2 EPS rose 27% YoY to $2.45; revenue climbed 13% to $5.7B
• ↑Achieved 600bp positive operating leverage, 40% pre-tax margin, 31% ROTCE
• ↓Q3 is historically the slowest quarter, pressuring revenue growth