BNY CEO Robin Vince: There are many reasons to be optimistic despite the macro noise

Summary

BNY CEO Robin Vince joins Squawk Box to discuss the market backdrop after a sell-off, saying the U.S. economy and broad stock-market breadth provide reasons for cautious optimism despite macro noise and tail risks. He outlines BNY's three-year transformation progress, raised guidance, expanded financial services platforms, and management's focus on AI and digital assets. He also notes that CEOs are still raising and deploying capital and pursuing deals.

• Robin Vince, BNY CEO, discusses markets after Tuesday's sell-off.
• He says the U.S. economy is in good shape and stock-market breadth is broad across sectors.
• He flags concentrated valuation in a few stocks and macro/tail risks.
• BNY is in the third year of its reimagination/transformation plan and recently raised guidance.
• BNY is expanding beyond custody into collateral, payments, and capital markets.
• Vince says clients are asking for more from BNY.
• He says BNY is excited about AI and digital assets.
• He says CEOs continue to raise and deploy capital and pursue partnerships or M&A.