The Bank of New York Mellon Corporation (BK) 8-K First Quarter 2011 Financial Highlights

Exhibit 99.2

THE BANK OF NEW YORK MELLON CORPORATION

Financial Trends

Notes:

The following transactions/changes have impacted the reporting of our results:

On July 1, 2010 and August 2, 2010 we completed the acquisitions of Global Investment Servicing (“GIS”) and BHF Asset Servicing GmbH (“BAS”). The financial results for GIS are included in the Investment Services and Other businesses. The financial results for BAS are included in the Investment Services business.

On Jan. 1, 2010, we adopted SFAS No. 167, “Amendments to FASB Interpretation No. 46 (R).” Certain asset management funds and seed capital investments are now disclosed separately on our balance sheet and securitizations are included in available for sale securities. The income statement separately discloses the operations of consolidated asset management funds and the net income attributable to noncontrolling interests of consolidated asset management funds; previously these were disclosed as asset and wealth management revenue and investment and other income.

On November 2, 2009, we completed the acquisition of Insight Asset Management (“Insight”) based in London. The financial results for Insight are included in the Investment Management business.

On January 1, 2009, we adopted FAS 160, which resulted in a reclassification of minority interest to equity from other liabilities on the balance sheet and to noncontrolling interest from other expense on the income statement.

In the first quarter of 2011, we realigned our internal reporting structure and business presentation to focus on two principal businesses, Investment Management and Investment Services. Investment Management includes the former Asset Management and Wealth Management businesses. Investment Services includes the former Asset Servicing, Issuer Services and Clearing Services businesses as well as the Cash Management business previously included in the Treasury Services business. The credit-related activities previously included in Treasury Services business, are now included in the Other segment. Accordingly, the income statement has been changed to reflect this realignment. Investment management and performance fees consist of the former asset and wealth management fee revenue and Investment services fees consist of the former securities servicing fees, including asset servicing, issuer services, clearing services, as well as treasury services fee revenue. All prior periods have been reclassified. The reclassifications did not affect the results of operations.

In the first quarter of 2011, we revised the net interest revenue for our businesses to reflect a new approach to transfer pricing domestic deposits. All prior period business results have been restated to reflect this revision. The revision did not impact consolidated results.

The following items have impacted the comparability of our results:

Results for the first quarter of 2010 include a charge related to special litigation reserves.

Investment Securities Portfolio restructuring/Investment Write-downs – Impacted total revenue levels in the full year of 2008 and full year of 2009.

The TARP preferred dividends and related redemption premium impacted the fourth quarter of 2008 and the first and second quarters of 2009.

The FDIC Special Assessment of all depository institutions impacted the second quarter of 2009.

Global efficiency restructuring charges – Recorded charges in the fourth quarters of 2008 and 2009 and third quarter of 2010.

All of these items are detailed in the trends that follow.

Summations may not equal due to rounding. As a result of this rounding convention, immaterial differences may exist between the business trends data versus business data on the Form 10-K for the year ended December 31, 2010.

Certain reclassifications have been made to prior periods to place them on a basis comparable with the current periods presentation.

Discontinued Operations Accounting:

The income/(loss) and average assets from discontinued operations accounting have not been allocated to any business.

Average Assets:

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

Return on Common and Tangible Common Equity/Pretax Operating Margin:

Ratios are presented for continuing operations basis only. Quarterly return on common and tangible common equity ratios are annualized.

Non-GAAP Measures:

Certain Non-GAAP measures are included in the following schedules. These measures are used by management to monitor financial performance, both on a company-wide and on a business basis. These Non-GAAP measures impact certain revenue/expense categories, percentages and ratios by the exclusion and/or adjustment of items listed above and described in footnotes. For further information, see ‘Non-GAAP Financial Measures’ and ‘Supplemental Information – Explanation of Non-GAAP Financial Measures’ in The Bank of New York Mellon Corporation Quarterly Earnings Review dated April 19th, 2011, furnished as an exhibit to the Report on Form 8-K to which these Financial Trends are furnished as an exhibit.

Page 1 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr (a)			3rd Qtr (b)			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Revenue:
Investment services fees
Asset servicing	$	609		$	671		$	643		$	650		$	637		$	668		$	870		$	914		$	923
Issuer services		364			372			359			368			333			354			364			409			351
Clearing services		253			250			236			223			230			245			252			278			292
Treasury services		125			132			128			134			131			125			132			129			128
Total investment services fees		1,351			1,425			1,366			1,375			1,331			1,392			1,618			1,730			1,694
Investment management and performance fees		622			645			664			746			686			686			696			800			764
Foreign exchange & other trading revenue		307			237			246			246			262			220			146			258			198
Distribution and servicing		101			95			73			57			48			51			56			55			53
Financing-related fees		48			54			56			57			50			48			49			48			43
Investment and other income		(2	)		53			205			81			145			145			97			80			81
Total fee revenue		2,427			2,509			2,610			2,562			2,522			2,542			2,662			2,971			2,833
Net Securities gains (losses)		(295	)		(256	)		(4,833	)		15			7			13			6			1			5
Total fee and other revenue		2,132			2,253			(2,223	)		2,577			2,529			2,555			2,668			2,972			2,838
Income of consolidated investment management funds		—			—			—			—			65			65			37			59			110
Net interest revenue		775			700			716			724			765			722			718			720			698
Total revenue		2,907			2,953			(1,507	)		3,301			3,359			3,342			3,423			3,751			3,646
Provision for credit losses		59			61			147			65			35			20			(22	)		(22	)		—
Noninterest expenses		2,091			2,145			2,158			2,266			2,146			2,219			2,429			2,624			2,578
Special Litigation Reserves		N/A			N/A			N/A			N/A			164			N/A			N/A			N/A			N/A
FDIC special assessment		—			61			—			—			—			—			—			—			—
Amortization of intangible assets		107			108			104			107			97			98			111			115			108
Restructuring charges		10			6			(5	)		139			7			(15	)		15			21			(6	)
Merger & integration expense		68			59			54			52			26			14			56			43			17
Total noninterest expense		2,276			2,379			2,311			2,564			2,440			2,316			2,611			2,803			2,697
Income/ (loss) from continuing operations before taxes		572			513			(3,965	)		672			884			1,006			834			970			949
Income taxes		161			12			(1,527	)		(41	)		258			304			220			265			279
Income/ (loss) from continuing operations		411	��		501			(2,438	)		713			626			702			614			705			670
Income/ (loss) from discontinued operations, net of tax		(41	)		(91	)		(19	)		(119	)		(42	)		(10	)		(3	)		(11	)		—
Net income attributable to noncontrolling interest		(1	)		2			(1	)		(1	)		(25	) (h)		(34	) (h)		11	(h)		(15	) (h)		(45	) (h)
Redemption charge and preferred dividends		(47	)		(236	)		—			—			—			—			—			—			—
Net income/ (loss) applicable to shareholders of The Bank of New York Mellon Corporation	$	322		$	176		$	(2,458	)	$	593		$	559		$	658		$	622		$	679		$	625
EPS from continuing operations	$	0.31		$	0.23		$	(2.04	)	$	0.59		$	0.49		$	0.55		$	0.51		$	0.55		$	0.50
EPS from continuing operations - Non-GAAP(c)	$	0.56		$	0.51		$	0.54		$	0.55		$	0.59		$	0.55		$	0.55		$	0.59		$	0.50
Market value of assets under management at period-end (in billions)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141		$	1,172		$	1,229
Market value of assets under custody and administration at period-end (in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5
Market value of securities on loan at period-end (in billions)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278
Pre-tax operating margin
GAAP-before extraordinary (loss)		20	%		17	%		N/M			20	%		26	%		30	%		24	%		26	%		26	%
Non-GAAP adjusted(d)		33	%		31	%		31	%		29	%		34	%		32	%		30	%		30	%		28	%
Return on tangible common equity (annualized):
Non-GAAP-before extraordinary (loss)		28.8	%		18.4	%		N/M			33.0	%		25.8	%		25.7	%		26.3	%		27.5	%		24.3	%
Non-GAAP adjusted(e)		44.4	%		24.0	%		31.5	%		31.1	%		30.2	%		25.4	%		27.8	%		29.1	%		24.4	%
Return on common equity(annualized)
GAAP-before extraordinary (loss)		5.8	%		4.0	%		N/M			9.8	%		8.2	%		8.8	%		7.8	%		8.5	%		7.7	%
Non-GAAP adjusted - excluding intangible amortization(f)		10.6	%		6.6	%		9.9	%		10.1	%		10.6	%		9.5	%		9.2	%		9.9	%		8.6	%
Percent of non-US fee and net interest revenue - GAAP		31	%		32	%		N/M			36	%		34	%		35	%		36	%		38	%		36	%
Percent of non-US fee and net interest revenue - Non-GAAP(g)		29	%		31	%		31	%		36	%		35	%		35	%		36	%		38	%		37	%

(a) The second quarter of 2009 contains $134 million of tax benefits related to the final LILO/SILO tax settlement.

(b) The third quarter of 2009 includes a $4.8 billion pretax charge related to investment securities portfolio restructuring.

(c) Calculated excluding investment securities losses, TARP redemption premium/dividend, FDIC special assessment, SILO/LILO/tax settlements, M&I expenses, restructuring charges, benefit of tax settlements and tax discrete benefits and 1st quarter 2010 special litigation reserves.

(d) Calculated excluding investment securities losses, asset-based taxes, FDIC special assessment, M&I expenses, restructuring charges, intangible amortization, 1st quarter 2010 special litigation reserves and 1st, 2nd, 3rd and 4th quarters 2010 and 1st quarter 2011 noncontrolling interests of consolidated asset management funds.

(e) Calculated excluding net securities gains (losses), special litigation reserves, FDIC special assessment, restructuring charges, M&I expenses and discrete tax benefit/benefit of tax settlements.

(f) Calculated excluding amortization of intangible assets, net securities gains (losses), special litigation reserves, FDIC special assessment, restructuring charges, M&I expenses and discrete tax benefit/benefit of tax settlements.

(g) Calculated excluding net securities gains (losses) and including noncontrolling interest related to consolidated asset management funds.

(h) Includes income of ($24) million for the first quarter of 2010, income of ($33) million for the second quarter of 2010, loss of $12 million for the third quarter of 2010, income of ($14) million for the fourth quarter of 2010 and income of ($44) million for the first quarter of 2011, related to consolidated asset management funds.

Note: See pages 3 through 6 for additional details of revenue/expense items impacting continuing operations.

Page 2 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

FEE AND OTHER REVENUE

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Investment services fees
Asset servicing	$	519		$	574		$	600		$	621		$	608		$	622		$	832		$	877		$	887
Securities lending		90			97			43			29			29			46			38			37			36
Issuer services		364			372			359			368			333			354			364			409			351
Clearing services		253			250			236			223			230			245			252			278			292
Treasury services		125			132			128			134			131			125			132			129			128
Total investment services fees		1,351			1,425			1,366			1,375			1,331			1,392			1,618			1,730			1,694
Investment management and performance fees		622			645			664			746			686			686			696			800			764
Foreign exchange & other trading revenue		307			237			246			246			262			220			146			258			198
Distribution and servicing		101			95			73			57			48			51			56			55			53
Financing-related fees		48			54			56			57			50			48			49			48			43
Investment and other income		(2	)		53			205			81			145			145			97			80			81
Total fee revenue		2,427			2,509			2,610			2,562			2,522			2,542			2,662			2,971			2,833
Income of consolidated asset management funds, net of noncontrolling interest		—			—			—			—			41	(c)		32	(c)		49	(c)		45	(c)		66	(c)
Total fee revenue - Non-GAAP		2,427			2,509			2,610			2,562			2,563			2,574			2,711	(d)		3,016	(d)		2,899	(d)
Net securities gains (losses)		(295	)		(256	)		(4,833	)		15			7			13			6			1			5
Total fee and other revenue - Non-GAAP		2,132			2,253			(2,223	)		2,577			2,570			2,587			2,717			3,017			2,904
Fee and other revenue as a percentage of total revenue		73	%		76	%		n/m			78	%		75	%		76	%		78	%		79	%		78	%
Fee and other revenue as a percentage of total revenue - Non-GAAP(b)		76	%		78	%		78	%		78	%		75	%		76	%		78	%		79	%		78	%
Market value of assets under management at period-end(in billions)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141		$	1,172		$	1,229
Market value of assets under custody and administration at period-end(in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5
Market value of securities on loan at period-end(in billions)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278
S&P 500 Index - period-end		798			919			1057			1115			1169			1031			1141			1258			1326
S&P 500 Index - daily average		809			891			995			1088			1123			1135			1095			1204			1302

(a) The third quarter of 2009 includes a $4.8 billion charge related to investment securities portfolio restructuring.

(b) Excludes net securities gains/(losses).

(c) Includes $25 million, $29 million, $36 million, $35 million and $31 million previously included in investment management and performance fees and $16 million, $3 million, $13 million, $10 million and $35 million previously included in investment and other income for the first, second, third and fourth quarters of 2010 and first quarter of 2011, respectively.

(d) Total fee revenue from the GIS/BAS acquisitions was $234 million in the third quarter of 2010, $246 million in the fourth quarter of 2010 and $261 million in the first quarter of 2011.

Page 3 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS

Average Balances and Interest Rates

	Quarter Ended
(dollar amounts in millions)	March 31, 2009						June 30, 2009						September 30, 2009						December 31, 2009						March 31, 2010						June 30, 2010
	Average balance			Average rates			Average balance			Average rates			Average balance			Average rates			Average balance			Average rates			Average balance			Average rates			Average balance			Average rates
Assets
Interest-earning assets:
Interest-bearing deposits with banks (primarily foreign)	$	56,505			1.56	%	$	56,917			1.18	%	$	54,343			1.08	%	$	55,467			1.09	%	$	55,800			1.03	%	$	50,741			1.01	%
Interest-bearing deposits with Federal Reserve bank		23,192			0.37			6,338			0.37			6,976			0.32			11,430			0.32			12,129			0.33			18,280			0.34
Other Short Term Investment (FRB)		1,269			3.15			—			—			—			—			—			—			—			—			—			—
Federal funds sold and securities under resale agreements		2,310			0.81			2,899			1.29			3,443			1.19			4,276			0.65			3,859			0.71			4,652			0.66
Margin loans		4,219			1.63			4,134			1.62			4,335			1.55			4,665			1.55			5,241			1.49			5,786			1.49
Non-margin loans:
Domestic offices		21,630			2.91			20,740			3.18			19,412			3.22			20,212			2.89			19,510			3.12			20,750			2.89
Foreign offices		13,109			2.56			12,155			2.21			10,788			1.99			10,362			1.75			9,463			1.62			10,128			1.53
Total non-margin loans		34,739			2.78			32,895			2.82			30,200			2.78			30,574			2.51			28,973			2.63			30,878			2.45
Securities
U.S. government obligations		787			2.50			1,679			1.67			4,605			1.45			5,729			1.44			6,600			1.40			6,162			1.46
U.S. government agency obligations		12,063			3.71			14,748			3.74			17,635			3.79			19,530			3.59			19,429			3.58			19,629			3.48
Obligations of states and political subdivisions		767			6.71			710			6.92			639			7.30			607			7.35			670			6.38			638			6.56
Other securities		29,848			4.47			34,766			2.85			31,010			3.04			29,707			3.49			28,653			4.20			27,601			4.14
Trading securities		1,728			2.86			2,179			2.50			1,973			2.30			2,090			2.53			2,075			2.49			2,752			2.62
Total securities		45,193			4.22			54,082			3.10			55,862			3.16			57,663			3.32			57,427			3.63			56,782			3.58
Total interest-earning assets		167,427			2.37			157,265			2.16			155,159			2.14			164,075			2.09			163,429			2.18			167,119			2.08
Allowance for credit losses		(378	)					(426	)					(425	)					(448	)					(502	)					(517	)
Cash and due from banks		4,824						3,412						3,247						3,104						3,514						3,673
Other assets		45,880						45,975						45,728						45,481						45,346						46,266
Discontinued Operations		2,366						2,307						2,077						1,993						898						260
Total Asset Consol VIE FAS 167		—						—						—						—						12,730						12,040
Total Assets	$	220,119					$	208,533					$	205,786					$	214,205					$	225,415					$	228,841
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	18,563			0.10	%	$	19,037			0.10	%	$	16,817			0.09	%	$	20,062			0.08	%	$	21,741			0.09	%	$	24,279			0.10	%
Savings		1,165			0.61			1,070			0.44			1,115			0.32			1,196			0.49			1,372			0.27			1,389			0.27
Certificates of deposit of $100,000 & over		1,479			1.11			942			1.00			847			0.62			589			0.32			648			0.25			332			0.16
Other time deposits		5,574			0.55			4,190			0.48			5,058			0.40			4,872			0.43			5,224			0.30			5,902			0.26
Foreign offices		75,202			0.31			73,657			0.14			69,795			0.08			71,685			0.10			72,049			0.16			68,061			0.19
Total interest-bearing deposits		101,983			0.30			98,896			0.16			93,632			0.11			98,404			0.12			101,034			0.16			99,963			0.17
Federal funds purchased and securities under repurchase agreements		1,839			0.09			2,485			(0.46	)		3,075			0.20			3,361			0.14			3,697			0.07			4,441			0.19
Other borrowed funds		3,785			1.57			2,756			1.04			2,286			1.49			2,618			1.86			2,805			1.97			4,223			2.08
Borrowings from FRB Related to ABCP		1,269			2.25			—			—			—			—			—			—			—			—			—			—
Payables to customers and broker-dealers		3,797			0.20			4,901			0.13			5,844			0.10			6,476			0.07			6,372			0.08			6,596			0.09
Long-term debt		15,493			2.72			16,793			2.35			17,393			1.74			17,863			1.89			16,808			1.50			16,462			1.75
Total interest-bearing liabilities		128,166			0.64			125,831			0.46			122,230			0.37			128,722			0.40			130,716			0.36			131,685			0.43
Total noninterest-bearing deposits		43,051						32,852						34,920						34,991						33,330						34,628
Other liabilities		18,523						18,578						18,386						19,633						18,420						20,042
`		2,366						2,307						2,077						1,993						898						260
VIE Liabilities & Obligations FAS 167		—						—						—						—						11,540						11,046
Total Shareholders’ Equity		27,978						28,934						28,144						28,843						29,715						30,434
Noncontrolling interest		35						31						29						23						796						746
Total liabilities and shareholders’ equity	$	220,119					$	208,533					$	205,786					$	214,205					$	225,415					$	228,841
Net interest margin—Taxable equivalent basis					1.87	%					1.80	%					1.85	%					1.77	%					1.89	%					1.74	%
Net interest margin excluding     the SILO/LILO charge –     Non-GAAP

Note: Interest and average rates were calculated on a taxable equivalent basis, at tax rates of approximately 35%, using dollar amounts in thousands and the actual number of days in the year.

Page 4 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS

Average Balances and Interest Rates (continued)

	Quarter Ended
	September 30, 2010						December 31, 2010						March 31, 2011
(dollar amounts in millions)	Average balance			Average rates			Average balance			Average rates			Average balance			Average rates
Assets
Interest-earning assets:
Interest-bearing deposits with banks (primarily foreign)	$	60,431			0.93	%	$	59,660			0.96	%	$	57,637			1.03	%
Interest-bearing deposits with Federal Reserve bank		9,813			0.40			16,787			0.32			20,373			0.32
Other Short Term Investment (FRB)		—			—			—			—			—			—
Federal funds sold and securities under resale agreements		4,559			0.46			5,553			3.15			4,514			0.50
Margin loans		6,269			1.47			6,289			1.55			6,984			1.48
Non-margin loans:
Domestic offices		21,110			2.74			21,780			2.55			22,391			2.52
Foreign offices		9,390			1.61			9,460			1.53			9,191			1.44
Total non-margin loans		30,500			2.39			31,240			2.24			31,582			2.21
Securities
U.S. government obligations		7,229			1.63			11,390			1.51			12,849			1.61
U.S. government agency obligations		20,074			3.29			21,406			2.95			20,221			2.98
Obligations of states and political subdivisions		615			6.43			587			6.53			557			6.37
Other securities		30,075			3.86			31,987			3.55			31,770			3.43
Trading securities		3,194			2.57			2,698			3.02			3,698			2.44
Total securities		61,187			3.36			68,068			3.02			69,095			2.93
Total interest-earning assets		172,759			2.03			187,597			1.95			190,185			1.85
Allowance for credit losses		(538	)					(530	)					(494	)
Cash and due from banks		3,903						4,224						4,088
Other assets		50,007						50,220						49,577
Discontinued Operations		247						223						—
Total Asset Consol VIE FAS 167		13,947						14,675						14,342
Total Assets	$	240,325					$	256,409					$	257,698
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	25,696			0.11	%	$	30,149			0.10	%	$	31,844			0.09	%
Savings		1,389			0.26			1,433			0.22			1,600			0.16
Certificates of deposit of $100,000 & over		214			0.11			285			0.08			296			0.06
Other time deposits		6,210			0.23			5,149			0.31			5,396			0.35
Foreign offices		70,524			0.22			74,760			0.26			77,379			0.29
Total interest-bearing deposits		104,033			0.19			111,776			0.22			116,515			0.23
Federal funds purchased and securities under repurchase agreements		5,984			0.09			7,256			2.13			5,172			0.07
Other borrowed funds		4,029			1.66			3,703			1.36			4,585			1.92
Borrowings from FRB Related to ABCP		—			—			—			—			—			—
Payables to customers and broker-dealers		6,910			0.08			5,878			0.11			6,701			0.09
Long-term debt		16,798			2.04			16,624			1.87			17,014			1.87
Total interest-bearing liabilities		137,754			0.45			145,237			0.53			149,987			0.45
Total noninterest-bearing deposits		33,198						39,625						38,616
Other liabilities		23,770						24,740						22,350
Discontinued Operations		247						223						—
VIE Liabilities & Obligations FAS 167		12,778						13,481						13,114
Total Shareholders’ Equity		31,868						32,379						32,827
Noncontrolling interest		710						724						804
Total liabilities and total equity	$	240,325					$	256,409					$	257,698
Net interest margin - Taxable equivalent basis					1.67	%					1.54	%					1.49	%
Net interest margin excluding the SILO/LILO charge - Non-GAAP

Note: Interest and average rates were calculated on a taxable equivalent basis, at tax rates of approximately 35%, using dollar amounts in thousands and the actual number of days in the year.

Page 5 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

NONINTEREST EXPENSE

	2009									2010											2011
(dollar amounts in millions)	1st Qtr		2nd Qtr		3rd Qtr			4th Qtr		1st Qtr		2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Staff:
Compensation	$	732	$	740	$	747		$	766	$	753	$	763		$	850		$	871		$	876
Incentives		247		241		242			266		284		272			289			348			325
Employee benefits		190		172		168			189		183		199			205			198			223
Total staff		1,169		1,153		1,157			1,221		1,220		1,234			1,344			1,417			1,424
Professional, legal and other purchased services		237		237		265			278		241		256			282			320			283
Software and equipment		158		169		171			178		169		162			187			207			206
Net occupancy		139		142		142			141		137		143			150			158			153
Distribution and servicing		103		102		97			91		89		90			94			104			111
Sub-custodian		39		60		49			55		52		65			60			70			68
Business development		44		49		45			76		52		68			63			88			56
Other		202		233		232			226		186		201			249			260			277
Subtotal	$	2,091	$	2,145	$	2,158		$	2,266	$	2,146	$	2,219		$	2,429	(b)	$	2,624	(b)	$	2,578	(b)
Special Litigation Reserves		N/A		N/A		N/A			N/A		164		N/A			N/A			N/A			N/A
FDIC special assessment		—		61		—			—		—		—			—			—			—
Amortization of intangible assets		107		108		104			107		97		98			111			115			108
Restructuring charges		10		6		(5	)		139		7		(15	)		15			21			(6	)
Merger & integration expense		68		59		54			52		26		14			56			43			17
Total noninterest expense	$	2,276	$	2,379	$	2,311		$	2,564	$	2,440	$	2,316		$	2,611		$	2,803		$	2,697
Employees at period-end(a)		41,700		41,800		42,000			42,200		42,300		42,700			47,700			48,000			48,400

(a) Represents full time employees.

(b) Noninterest expense from the GIS/BAS acquisitions was $185 million in the third quarter of 2010, $196 million in the fourth quarter of 2010 and $203 million in the first quarter of 2011.

Page 6 of 14

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT/ CUSTODY AND ADMINISTRATION / SECURITIES LENDING - 9 Quarter Trend

	2009												2010												2011
(dollar amounts in billions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Market value of assets under management at period-end (in billions)
Institutional	$	394		$	425		$	461		$	611		$	620		$	595		$	639		$	639		$	701
Mutual Funds		413			421			421			416			396			370			418			454			451
Private Client		74			80			84			88			89			82			84			79			77
Total market value of assets under management		881			926			966			1,115			1,105			1,047			1,141			1,172			1,229
Composition of assets under management at period-end
Equity		29	%		30	%		32	%		30	%		31	%		30	%		31	%		32	%		34	%
Money Market		44	%		43	%		39	%		32	%		30	%		30	%		29	%		29	%		27	%
Fixed Income		17	%		17	%		18	%		27	%		28	%		30	%		30	%		29	%		30	%
Alternative investments and overlay		10	%		10	%		11	%		11	%		11	%		10	%		10	%		10	%		9	%
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%
Market value of assets under custody and administration at period-end (in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5
Market value of securities on loan at period-end	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278
Market Indices
S&P 500 Index(a)		798			919			1057			1115			1169			1031			1141			1258			1326
S&P 500 Index - daily average		809			891			995			1088			1123			1135			1095			1204			1302
FTSE 100 Index(a)		3926			4249			5134			5413			5680			4917			5549			5900			5909
FTSE 100 Index-daily average		4040			4258			4708			5235			5431			5361			5312			5760			5945
Barclays Capital Aggregate Bond Index(a)		262			280			304			301			300			299			329			323			328
MSCI EAFE Index(a)		1056			1307			1553			1581			1584			1348			1561			1658			1703
NTSE & NASDAQ Share Volume (in billions)		297			303			270			243			246			299			233			219			225

(a) Period end

Page 7 of 14

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS - 9 Quarter Trend

	2009												2010										2011
(dollar amounts in billions )	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr		4th Qtr		1st Qtr
Market value of assets under management at beginning of period	$	928		$	881		$	926		$	966		$	1,115		$	1,105		$	1,047	$	1,141	$	1,172
Net Flows
Long-term		(1	)		(17	)		(2	)		14			16			12			11		9		31
Money market		(11	)		(2	)		(14	)		(22	)		(25	)		(17	)		18		6		(5	)
Total net inflows		(12	)		(19	)		(16	)		(8	)		(9	)		(5	)		29		15		26
Net Market and currency impact/other		(35	)		64			56			10			(1	)		(53	)		65		16		31
Acquisitions		—			—			—			147	(a)		—			—			—		—		—
Market value of assets under management at end of period	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141	$	1,172	$	1,229

(a) Represents acquisitions of Insight ($139 billion) and 20% interest in Siguler Guff ($8 billion).

Page 8 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

INVESTMENT MANAGEMENT - 9 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr (a), (b)			2nd Qtr (a), (b)			3rd Qtr (a), (b)			4th Qtr (a), (b)			1st Qtr (a), (b)
Revenue:
Investment management:
Mutual funds		267			271			283			277			249			254			270			293			283
Institutional clients		183			178			202			226			265			262			264			283			302
Wealth management fees		154			159			167			174			174			170			172			174			181
Performance fees		7			26			1			59			13			19			16			75			17
Total investment management revenue		611			634			653			736			701			705			722			825			783
Distribution and servicing		81			79			64			55			47			49			53			52			51
Other fee revenue (c)		(76	)		(47	)		12			23			27			13			18			22			36
Total fee and other revenue		616			666			729			814			775			767			793			899			870
Net interest revenue		72			62			58			50			52			53			50			50			53
Total revenue		688			728			787			864			827			820			843			949			923
Provision for credit losses		—			—			—			1			—			1			—			2			—
Noninterest expenses (ex. intangible amortization and support agreement charges)		538			551			541			587			569			603			598			667			630
Income before taxes (ex. intangible amortization and support agreement charges)		150			177			246			276			258			216			245			280			293
Support agreement charges		(14	)		—			32			—			—			(7	)		26			—			—
Amortization of intangible assets		67			66			64			67			58			59			59			61			55
Income before taxes		97			111			150			209			200			164			160			219			238
Average assets	$	22,274		$	21,536		$	21,546		$	22,009		$	33,805		$	33,944		$	36,197		$	37,648		$	37,318
Market value of assets under management at period-end (in billions)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141		$	1,172		$	1,229
Pre-tax operating margin
GAAP		14	%		15	%		19	%		24	%		24	%		20	%		19	%		23	%		26	%
Non-GAAP (ex. intangible amortization) (d)		24	%		24	%		27	%		32	%		31	%		27	%		26	%		29	%		32	%

(a) Insight Investment Management acquisition closed November 2, 2009.

(b) Total fee and other revenue for the first, second, third and fourth quarters of 2010 and the first quarter of 2011 includes income from consolidated asset management funds of $65 million, $65 million, $37 million, $59 million and $110, respectively, and net income attributable to noncontrolling interest of $24 million, $33 million, ($12) million, $14 million and $44 million, respectively. The net of these income statement line items is included above in institutional client revenue of $25 million, $29 million, $36 million, $33 million and $31 million respectively, and other revenue of $16 million, $3 million, $13 million, $10 million and $35 million, respectively, and performance fees of $2 million for the fourth quarter of 2010.

(c) Includes investment write-downs of $34 million and $45 million in the first and second quarters of 2009.

(d) Excluding support agreement charges, securities gains/losses and intangible amortization, pre-tax operating margin (Non-GAAP) was 26%, 29%, 31% and 32% for the first, second, third and fourth quarters of 2009, respectively; and 31%, 26%, 28% and 29% for the first, second, third and fourth quarters of 2010, respectively, and 32% for the first quarter of 2011.

Page 9 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

INVESTMENT SERVICES - 9 Quarter Trend

	2009												2010													2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr				1st Qtr
Revenue:
Investment services fees																									��
Asset servicing fees - ex. securities lending (a)		506			557			581			595			583			597			819			861				870
Securities lending revenue		79			86			32			25			24			30			26			27				27
Issuer services		364			373			359			367			333			354			364			409				351
Clearing services		249			248			232			219			227			240			250			276				290
Treasury services		124			130			128			133			130			124			131			128				127
Total investment services fees		1,322			1,394			1,332			1,339			1,297			1,345			1,590			1,701				1,665
Foreign Exchange and other trading revenue		289			287			242			241			221			249			185			227				208
Other fee revenue		120			124			115			82			72			120			90			82				77
Total fee and other revenue		1,731			1,805			1,689			1,662			1,590			1,714			1,865			2,010				1,950
Net interest revenue		643			595			559			552			653			608			589			598				639
Total revenue		2,374			2,400			2,248			2,214			2,243			2,322			2,454			2,608				2,589
Provision for credit losses		—			—			—			—			—			—			—			—				—
Noninterest expenses (ex. intangible amortization and support agreement charges)		1,402			1,432			1,441			1,494			1,442			1,505			1,641			1,767				1,774
Income before taxes (ex. intangible amortization and support agreement charges)		972			968			807			720			801			817			813			841				815
Support agreement charges		6			(15	)		(19	)		(5	)		(23	)		16			(11	)		(8	)			(11	)
Amortization of intangible assets		40			43			39			39			38			39			52			53				53
Income before taxes		926			940			787			686			786			762			772			796				773
Average loans	$	15,193		$	13,639		$	12,449		$	13,766		$	14,273		$	17,053		$	17,941		$	19,053			$	20,554
Average assets	$	157,011		$	146,407		$	144,734		$	153,476		$	153,666		$	153,836		$	158,837		$	174,815			$	178,718
Average deposits	$	126,250		$	117,639		$	115,071		$	120,652		$	122,350		$	121,468		$	123,212		$	136,060			$	141,115
Pre-tax operating margin
GAAP		39	%		39	%		35	%		31	%		35	%		33	%		31	%		31	%			30	%
Non-GAAP adjusted (excluding intangible amortization)		41	%		41	%		37	%		33	%		37	%		34	%		34	%		33	%			32	%
Market value of assets under custody and administration at period-end(in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0			$	25.5
Market value of securities on loan at period-end(in billions)(a)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278			$	278

(a) Represents the total amount of securities on loan (both cash and non-cash) managed by the Asset Servicing business.

Page 10 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

OTHER - 9 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (b)			1st Qtr (c)			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Revenue:
Fee and other revenue(a)		(215	)		(218	)		(4,641	)		101			205			106			59			108			84
Net interest revenue		60			43			99			122			60			61			79			72			6
Total revenue		(155	)		(175	)		(4,542	)		223			265			167			138			180			90
Provision for credit losses		59			61			147			64			35			19			(22	)		(24	)		—
Noninterest expenses (ex. FDIC special assessment, special litigation reserves, intangible amortization, M&I expenses and restructuring charges)		159			177			163			190			158			102			175			198			185
Income before taxes and extraordinary (loss) (ex. FDIC special assessment, special litigation reserves, intangible amortization, M&I expenses and restructuring charges)		(373	)		(413	)		(4,852	)		(31	)		72			46			(15	)		6			(95	)
Amortization of intangible assets		—			(1	)		1			1			1			—			—			1			—
Special Litigation Reserves		N/A			N/A			N/A			N/A			164			N/A			N/A			N/A			N/A
FDIC special assessment		—			61			—			—			—			—			—			—			—
Restructuring charges		10			6			(5	)		139			7			(15	)		15			21			(6	)
Merger & integration expenses		68			59			54			52			26			14			56			43			17
Income before taxes and extraordinary (loss)		(451	)		(538	)		(4,902	)		(223	)		(126	)		47			(86	)		(59	)		(106	)
Average loans	$	18,377		$	17,707		$	16,076		$	15,282		$	13,639		$	13,261		$	12,308		$	11,808		$	11,187
Average assets	$	38,468		$	38,283		$	37,429		$	36,727		$	37,046		$	40,801		$	45,044		$	43,723		$	41,662
Average deposits	$	11,710		$	7,473		$	6,866		$	5,911		$	4,689		$	5,105		$	5,564		$	6,201		$	4,744

(a) Total fee and other revenue includes investment write-downs of $316 million, $209 million and $4.8 billion in the first, second and third quarters of 2009.

(b) The fourth quarter of 2009 includes a pretax global efficiency restructuring charge of $139 million.

(c) The first quarter of 2010 includes a $164 million pretax charge related to special litigation reserves.

Page 11 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

	Investment Management									Investment Services									Other									Consolidated Results
(dollar amounts in millions unless otherwise noted)	2010			2009			2008			2010			2009			2008			2010			2009			2008			2010(b)			2009			2008
Revenue:
Investment services fees
Asset servicing		122			113			152			2,967			2,461			3,241			—			(1	)		(23	)		3,089			2,573			3,370
Issuer services		—			—			—			1,460			1,463			1,685			—			—			—			1,460			1,463			1,685
Clearing services		12			12			13			993			948			1,040			—			2			12			1,005			962			1,065
Treasury services		3			3			3			513			515			509			1			1			2			517			519			514
Total investment services fees		137			128			168			5,933			5,387			6,475			1			2			(9	)		6,071			5,517			6,634
Investment management fees		2,830			2,541			3,073			36			30			42			4			13			20			2,870			2,584			3,135
Performance fees		123			93			83			—			—			—			—			—			—			123			93			83
Foreign exchange and other trading revenue		26			28			35			882			1,059			1,301			(22	)		(51	)		126			886			1,036			1,462
Distribution and servicing		201			279			375			8			54			49			1			(7	)		(3	)		210			326			421
Financing-related fees		7			10			14			52			49			55			136			156			117			195			215			186
Investment and other income		(102	)		(178	)		(251	)		268			308			314			343			207			358			509			337			421
Total fee revenue		3,222			2,901			3,497			7,179			6,887			8,236			463			320			609			10,864			10,108			12,342
Net Securities gains (losses)		12			(76	)		(78	)		—			—			(11	)		15			(5,293	)		(1,539	)		27			(5,369	)		(1,628	)
Total fee and other revenue		3,234			2,825			3,419			7,179			6,887			8,225			478			(4,973	)		(930	)		10,891			4,739			10,714
Net interest revenue (expense)		205			242			283			2,448			2,349			2,600			272			324			(24	)		2,925			2,915			2,859
Total revenue		3,439			3,067			3,702			9,627			9,236			10,825			750			(4,649	)		(954	)		13,816			7,654			13,573
Provision for credit losses		3			1			—			—			—			—			8			331			104			11			332			104
Noninterest expenses (ex. M&I expenses and intangible amortization)		2,456			2,235			2,971			6,329			5,736			6,822			825			900			774			9,610			8,871			10,567
Income before taxes and extraordinary (loss) (ex. M&I expenses and intangible amortization)		980			831			731			3,298			3,500			4,003			(83	)		(5,880	)		(1,832	)		4,195			(1,549	)		2,902
Amortization of intangible assets		237			264			308			182			161			158			2			1			7			421			426			473
Merger & integration expense		—			—			—			—			—			—			139			233			483			139			233			483
Income before taxes, noncontrolling interest and extraordinary (loss)		743			567			423			3,116			3,339			3,845			(224	)		(6,114	)		(2,322	)		3,635			(2,208	)		1,946
Average loans	$	6,461		$	5,821		$	4,939		$	17,096		$	13,754		$	21,380		$	12,748		$	16,849		$	20,287		$	36,305		$	36,424		$	46,606
Average assets	$	35,411		$	21,840		$	23,087		$	160,343		$	150,382		$	131,086		$	41,682		$	37,717		$	53,343		$	237,436		$	209,939		$	207,516
Average deposits	$	8,240		$	6,788		$	7,684		$	125,803		$	119,874		$	102,285		$	5,395		$	7,990		$	15,670		$	139,438		$	134,652		$	125,639
Market value of assets under management at period-end (in billions)	$	1,172		$	1,115		$	928		$	—		$	—		$	—		$	—		$	—		$	—		$	1,172		$	1,115		$	928
Market value of assets under custody and administration at period-end(in trillions)	$	—		$	—		$	—		$	25.0		$	22.3		$	20.2		$	—		$	—		$	—		$	25.0		$	22.3		$	20.2
Market value of securities on loan at period-end(in billions)	$	—		$	—		$	—		$	—		$	247		$	326		$	—		$	—		$	—		$	—		$	247		$	326
Pre-tax operating margin - GAAP		22	%		18	%		11	%		32	%		36	%		36	%		n/m			n/m			243	%		26	%		n/m			14	%
Pre-tax operating margin (ex. intangible amortization) - Non-GAAP		28	%		27	%		20	%		34	%		38	%		37	%		n/m			n/m			243	%		29	%		n/m			18	%
Pre-tax operating margin - Non-GAAP(a)		29	%		30	%		30	%		34	%		42	%		42	%		n/m			n/m			n/m			32	%		31	%		39	%
Memo:
Securities Lending Revenue																													150			259			789

(a) Excludes M&I expenses, tax settlements, support agreement charges, restructuring charges, special litigation, investment write-downs and intangible amortization expense.

(b) Total fee and other revenue and income before taxes for the year 2010 included income from consolidated asset management funds of $226 million net a loss attributable to noncontrolling interests of $59 million. The net of these income statement line items of $167 million is included above in fee and other revenue.

n/m—not meaningful

Note: See pages9-11 for details of revenue/expense items impacting respective business results.

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THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

NONPERFORMING ASSETS

	2009												2010												2011
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Loans:
Other residential mortgages	$	143		$	163		$	183		$	190		$	204		$	229		$	238		$	244		$	245
Wealth Management		6			63			58			58			58			62			66			59			56
Commercial real estate		197			63			63			61			50			49			39			44			36
Commercial		34			43			71			65			40			40			35			34			32
Foreign		2			1			—			—			7			7			7			7			7
Financial Institutions		30			39			180			172			95			13			9			5			4
Total nonperforming loans		412			372			555			546			454			400			394			393			380
Other assets owned		9			6			5			4			5			6			7			6			6
Total nonperforming assets(a)	$	421		$	378		$	560		$	550		$	459		$	406		$	401		$	399		$	386
Nonperforming assets ratio		1.0	%		1.0	%		1.5	%		1.5	%		1.4	%		1.1	%		1.1	%		1.1	%		1.0	%
Allowance for loan losses/nonperforming loans		114.1			116.7			82.2			92.1			114.5			135.5			135.5			126.7			122.9
Allowance for loan losses/nonperforming assets		111.6			114.8			81.4			91.5			113.3			133.5			133.2			124.8			121.0
Total allowance for credit losses/nonperforming loans		135.7			141.4			107.4			115.0			140.5			161.3			154.3			145.3			145.8
Total allowance for credit losses/nonperforming assets		132.8			139.2			106.4			114.2			139.0			158.9			151.6			143.1			143.5

(a) Loans of consolidated investment management funds are not part of BNY Mellon’s loan portfolio. Included in these loans are nonperforming loans of $239 million at March 31, 2011 and $218 million at Dec. 31, 2010. These loans are recorded at fair value and therefore do not impact the provision for credit losses and allowance for loan losses, and accordingly are excluded from the nonperforming assets table above.

Page 13 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

ALLOWANCE FOR CREDIT LOSSES, PROVISION AND NET CHARGE-OFFS

	2009												2010													2011
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr				4th Qtr			1st Qtr
Allowance for credit losses:
Allowance for loan losses	$	415		$	470		$	434		$	456		$	503		$	520		$	542			$	534		$	498
Allowance for lending-related commitments		114			89			92			140			125			118			103				74			73
Allowance at beginning of period		529			559			526			596			628			638			645				608			571
Net (charge-offs)/recoveries
Charge-offs		(51	)		(54	)		(77	)		(33	)		(37	)		(14	)		(17	)			(17	)		(19	)
Recoveries		1			—			—			—			12			1			2				2			2
Total Net (charge-offs)/recoveries		(50	)		(54	)		(77	)		(33	)		(25	)		(13	)		(15	)			(15	)		(17	)
Provision for credit losses(a)		59			61			147			65			35			20			(22	)			(22	)		—
Impact of Merger		—			—			—			—			—			—			—				—			—
Transfer to Discontinued Operations		21			(40	)		—			—			—			—			—				—			—
Sale of Mellon 1st Business Bank		—			—			—			—			—			—			—				—			—
SFAS 159 Adoption		—			—			—			—			—			—			—				—			—
Allowance at end of period		559			526			596			628			638			645			608				571			554
Allowance for loan losses	$	470		$	434		$	456		$	503		$	520		$	542		$	534			$	498		$	467
Allowance for lending related-commitments		89			92			140			125			118			103			74				73			87
Allowance at end of period(a)		559			526			596			628			638			645			608				571			554
Allowance for loan losses as a percentage of total loans(b)		1.13	%		1.14	%		1.26	%		1.37	%		1.54	%		1.46	%		1.41	%	��		1.32	%		1.38	%

(a) The allowance and provision for credit losses for the first quarter 2009 exclude discontinued operations.

(b) Excluding purchase accounting adjustments.

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