Summary
This 2016 10-K filing for Bank of New York Mellon Corp (BK) highlights the company's position as a global investments company with substantial assets under custody/administration ($29.9 trillion) and management ($1.6 trillion) as of December 31, 2016. The report details the company's two principal business segments: Investment Management and Investment Services, supported by key banking subsidiaries. BNY Mellon emphasizes its long history, dating back to 1784, and its commitment to technological innovation and strong client service as key competitive advantages in a highly competitive financial services landscape. Investors should note that BNY Mellon operates under significant regulatory oversight, typical for financial institutions of its size and scope. The filing also references extensive details within the Management's Discussion and Analysis (MD&A) and Notes to Consolidated Financial Statements for a deeper understanding of financial condition, results of operations, and market risk. The company's effective disclosure controls and procedures are affirmed, with no material changes to internal controls over financial reporting noted during the period.
Financial Highlights
39 data points| Interest Expense | $437.00M |
| Net Income | $3.55B |
| EPS (Basic) | $3.16 |
| EPS (Diluted) | $3.15 |
| Shares Outstanding (Basic) | 1.07B |
| Shares Outstanding (Diluted) | 1.07B |
Key Highlights
- 1BNY Mellon managed $29.9 trillion in assets under custody and/or administration and $1.6 trillion in assets under management as of December 31, 2016.
- 2The company operates through two main segments: Investment Management and Investment Services, supported by a structure of U.S. and international banking and trust company subsidiaries.
- 3BNY Mellon's business lines face significant competition from a wide range of domestic and international financial services firms.
- 4Technological innovation and high-quality client service are highlighted as key strategic differentiators.
- 5The company's common stock is listed on the NYSE under the ticker symbol BK.
- 6Disclosure controls and procedures were evaluated and found to be effective as of December 31, 2016.
- 7The company has a global presence with significant office spaces leased and owned in major financial centers including New York, London, Pittsburgh, and key locations in India and Poland.