10-KPeriod: FY2024

Bank of New York Mellon Corp Annual Report, Year Ended Dec 31, 2024

Filed February 27, 2025For Securities:BKBK-PKBNYBNY-PK

Summary

The Bank of New York Mellon Corporation (BK) has filed its 10-K for the fiscal year ending December 30, 2024. The filing reiterates BK's position as a global financial services company with substantial assets under custody and administration ($52.1 trillion) and assets under management ($2.0 trillion). The company operates across three primary segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management. Key aspects highlighted include the company's commitment to human capital management, focusing on diversity, employee development, and well-being. The report also touches upon regulatory oversight, competitive landscape, and cybersecurity preparedness, with detailed references to the Management's Discussion and Analysis (MD&A) and financial statement notes for in-depth information. The effectiveness of disclosure controls and procedures was affirmed by management.

Financial Highlights

40 data points
Beta

Revenue

$18.62B

Net Income

$4.53B

24.3% Net Margin

EPS (Diluted)

$5.80

Total Assets

$416.06B

Cash & Equivalents

$5.58B

Free Cash Flow

-$782.00M

Financial Statements
Beta
Revenue$18.62B
Net Income$4.53B
EPS (Basic)$5.84
EPS (Diluted)$5.80
Shares Outstanding (Basic)742.59M
Shares Outstanding (Diluted)748.10M

Key Highlights

  • 1BK manages $52.1 trillion in assets under custody/administration and $2.0 trillion in assets under management as of December 31, 2024.
  • 2The company operates through three main business segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management.
  • 3BNY Mellon emphasizes human capital management with initiatives in diversity, inclusion, employee development, and well-being.
  • 4The report notes strong female representation (40% of global workforce, 43% of Executive Committee, 45% of Board of Directors) and representation from underrepresented ethnic/racial backgrounds in leadership roles.
  • 5Disclosure controls and procedures were evaluated and deemed effective by management as of December 31, 2024.
  • 6The company's common stock is listed on the NYSE under the ticker symbol BK.
  • 7BNY Mellon's global operations employ approximately 51,800 full-time employees, with about 60% based outside the U.S.

Frequently Asked Questions

BNY Mellon's primary business segments are Securities Services, Market and Wealth Services, and Investment and Wealth Management. An 'Other' segment includes leasing portfolios, corporate treasury, derivatives, and other corporate investments.

BNY Mellon highlights its commitment to building a diverse global team, with women representing 40% of its global workforce and 43% of its Executive Committee at the end of 2024. Additionally, 39% of its U.S. workforce and 26% of its Executive Committee are from underrepresented ethnic and/or racial backgrounds. The Board of Directors also shows strong representation, with 45% women and 27% from underrepresented ethnic and/or racial backgrounds.

As of December 31, 2024, BNY Mellon reported $52.1 trillion in assets under custody and/or administration, and $2.0 trillion in assets under management.

The filing refers investors to Note 22 of the Notes to Consolidated Financial Statements in the Annual Report for information regarding legal proceedings. No specific details are provided in the excerpt.