Gabelli's Equity Income Fund, in its second-quarter 2026 investor letter, highlighted The Bank of New York Mellon Corp. (BNY) as a global leader in financial services. The fund noted that BNY, which constituted 4.7% of its net assets as of June 30, 2026, is benefiting from a normalized interest rate environment, rising global incomes, and the cross-border movement of financial transactions. As of March 31, 2026, BNY had $59.4 trillion in assets under custody and $2.1 trillion in assets under management.