Summary
The Bank of New York Mellon Corporation (BK) operates as a global financial services company with two primary segments: Investment Services and Investment and Wealth Management. As of December 31, 2020, the company held substantial assets under custody/administration ($41.1 trillion) and assets under management ($2.2 trillion), reflecting its significant role in the financial infrastructure. The company emphasizes its long history, dating back to 1784, and its commitment to technological innovation to maintain a competitive edge in a highly competitive industry. Its principal U.S. banking subsidiaries are The Bank of New York Mellon and BNY Mellon, N.A., engaging in a range of trust, custody, and investment services. The filing indicates that BNY Mellon's disclosure controls and procedures were effective as of December 31, 2020, based on management's evaluation. The company operates under significant regulatory oversight from various authorities in the U.S. and internationally, including the Federal Reserve, European Central Bank, and national regulators in Europe. BNY Mellon's strategy includes substantial investments in technology to scale and digitize its operating model, aiming to differentiate itself through a broad range of services and high-quality client delivery. The company's market is characterized by intense competition across all business areas.
Financial Highlights
41 data points| Revenue | $15.81B |
| Interest Expense | $1.13B |
| Net Income | $3.62B |
| EPS (Basic) | $3.84 |
| EPS (Diluted) | $3.83 |
| Shares Outstanding (Basic) | 890.84M |
| Shares Outstanding (Diluted) | 892.51M |
Key Highlights
- 1BNY Mellon manages significant assets, with $41.1 trillion in assets under custody/administration and $2.2 trillion in assets under management as of December 31, 2020.
- 2The company operates through two main segments: Investment Services and Investment and Wealth Management.
- 3BNY Mellon has a long-standing presence in the financial industry, with operations dating back to 1784.
- 4The company emphasizes ongoing investments in technology and digitization as a key competitive strategy.
- 5Disclosure controls and procedures were deemed effective by management as of December 31, 2020.
- 6BNY Mellon is subject to extensive regulation from U.S. and international authorities.
- 7The financial services industry is characterized by intense competition across all of BNY Mellon's business areas.