Early Access

10-KPeriod: FY2015

Bank of New York Mellon Corp Annual Report, Year Ended Dec 31, 2015

Filed February 26, 2016For Securities:BKBK-PK

Summary

This 10-K filing for The Bank of New York Mellon Corporation (BK) as of December 31, 2015, highlights the company's position as a significant global investments company with substantial assets under custody and administration, and assets under management. The report outlines BNY Mellon's business operations, primarily divided into Investment Management and Investment Services, supported by a robust network of subsidiaries. The company emphasizes its long history, dating back to 1784, and its commitment to technological innovation and client service as key competitive differentiators in a highly competitive financial services landscape. Key financial aspects and operational details are incorporated by reference from the Management's Discussion and Analysis (MD&A) and the Consolidated Financial Statements. The filing also addresses risk factors, legal proceedings, and corporate governance, including executive officers and compensation structures. Investors can find details on market performance, dividends, and share repurchases, alongside information on regulatory oversight which is critical for a financial institution of BNY Mellon's scale.

Financial Statements
Beta
Revenue$15.13B
Interest Expense$300.00M
Net Income$3.16B
EPS (Basic)$2.73
EPS (Diluted)$2.71
Shares Outstanding (Basic)1.10B
Shares Outstanding (Diluted)1.11B

Key Highlights

  • 1BNY Mellon operates as a global investments company with $28.9 trillion in assets under custody/administration and $1.6 trillion in assets under management as of December 31, 2015.
  • 2The company's business is structured into two principal segments: Investment Management and Investment Services, with an additional 'Other' segment.
  • 3BNY Mellon has a long-standing history in the financial sector, with its origins dating back to 1784.
  • 4The company faces significant competition across all business areas, with strategies focusing on superior customer service and technological innovation.
  • 5As of December 31, 2015, BNY Mellon employed approximately 51,200 full-time employees globally.
  • 6The filing incorporates extensive financial and operational details by reference from the MD&A and Notes to Consolidated Financial Statements, requiring investors to consult these sections for a comprehensive view.
  • 7Disclosure controls and procedures were evaluated by management and concluded to be effective as of December 31, 2015.

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