Rising Rates Support BNY Mellon (BK), High Costs A Concern Per the Zacks analyst, global footprint, rising interest rates and strong balance sheet are likely to keep aiding BNY Mellon amid higher costs and the current bearish markets and recessionary fears. The Bank of New York Mellon Corporation (BK): Free Stock Analysis Report However, PepsiCo witnessed margin pressures in the third quarter driven by impacts of supply-chain disruptions and inflationary labor, transportation and commodity costs.