Summary
This 10-K filing for Bank of New York Mellon Corporation (BK) for the period ending December 30, 2013, highlights the company's position as a global investments company with significant assets under custody and administration ($27.6 trillion) and assets under management ($1.6 trillion) as of year-end 2013. The report details the company's two principal business segments: Investment Management and Investment Services. BNY Mellon emphasizes its long history, dating back to 1784, and its structure as a bank holding company with various regulated banking and trust subsidiaries in the U.S. and internationally. The filing also touches upon the company's competitive landscape, acknowledging intense competition across all business areas and its strategy to differentiate through service quality and technological investment. It details the company's extensive property holdings in key financial centers like New York City and London, and addresses regulatory oversight by U.S. and international authorities. Investors should note the extensive incorporation by reference to the "Management's Discussion and Analysis" (MD&A) and Notes to the Consolidated Financial Statements within the full Annual Report for deeper financial insights.
Financial Highlights
40 data points| Revenue | $14.97B |
| Operating Income | $2.10B |
| Interest Expense | $343.00M |
| Net Income | $2.10B |
| EPS (Basic) | $1.74 |
| EPS (Diluted) | $1.73 |
| Shares Outstanding (Basic) | 1.15B |
| Shares Outstanding (Diluted) | 1.15B |
Key Highlights
- 1As of December 31, 2013, BNY Mellon held $27.6 trillion in assets under custody and/or administration and $1.6 trillion in assets under management, underscoring its significant scale in the global financial services industry.
- 2The company operates through two primary segments: Investment Management and Investment Services, with an additional 'Other' segment for various corporate and credit-related activities.
- 3BNY Mellon's business structure involves multiple U.S. and international banking and trust subsidiaries, subject to various regulatory authorities, including the Federal Reserve and international bodies.
- 4The company acknowledges intense competition across all its business lines and highlights its strategic focus on service quality and technological innovation as key differentiators.
- 5Significant office space is maintained in major financial hubs including New York City, Pittsburgh, Boston, Jersey City, and London, along with international locations in India and other global cities.
- 6The filing incorporates extensive information by reference to the full Annual Report's MD&A and financial statement notes, crucial for a comprehensive understanding of financial condition and results.
- 7The report confirms the effectiveness of BNY Mellon's disclosure controls and procedures as of December 31, 2013, with ongoing enhancements to data collection processes.