8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Jul 26, 2010)

Filed July 26, 2010For Securities:BKBK-PKBNYBNY-PK

Summary

The Bank of New York Mellon Corporation (BK) filed an 8-K on July 26, 2010, to report on its second quarter 2010 results and related financial information. The filing primarily served to furnish supplementary materials, specifically a "Quarterly Earnings Review" (Exhibit 99.1) and "Financial Trends" (Exhibit 99.2), which were made available on the company's website in conjunction with a conference call and webcast held on July 20, 2010. While this 8-K does not contain new material financial results directly within the form itself, it points investors to detailed presentations that management believes offer valuable insights into the company's ongoing operations. These supplementary documents are intended to provide a clearer picture of performance by facilitating comparisons with prior periods and highlighting revenues from both taxable and tax-exempt sources, which management utilizes for internal performance monitoring.

Key Highlights

  • 1BK announced its second quarter 2010 results via a conference call and webcast on July 20, 2010.
  • 2The 8-K filing primarily serves to furnish supplementary financial information to investors, not to report new quantitative results directly.
  • 3Key supporting documents, Exhibit 99.1 (Quarterly Earnings Review) and Exhibit 99.2 (Financial Trends), are made available on the company's website.
  • 4Management believes these furnished exhibits are useful for analyzing financial results and trends of ongoing operations.
  • 5The supplementary materials are designed to facilitate comparisons with prior periods.
  • 6The presentation aims to allow investors to better evaluate the impact of revenues from both taxable and tax-exempt sources.
  • 7Exhibits 99.1 and 99.2 are furnished, not filed, meaning they are not subject to Section 18 of the Securities Exchange Act of 1934 liability.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that The Bank of New York Mellon Corporation (BK) held a conference call and webcast on July 20, 2010, to discuss its second quarter 2010 results. The filing also furnishes supplementary documents (Exhibits 99.1 and 99.2) made available on the company's website, which provide a detailed review of earnings and financial trends.

The detailed financial results and trends for the second quarter of 2010 are available in Exhibit 99.1 (Quarterly Earnings Review) and Exhibit 99.2 (Financial Trends). These documents were made available on BK's website on July 20, 2010, in conjunction with the earnings conference call and webcast.

The filing notes that the information in Exhibits 99.1 and 99.2 may be considered 'non-GAAP financial measures.' Management believes these measures are useful for analyzing ongoing operations, facilitating comparisons, and evaluating the impact of different revenue sources.

When exhibits are 'furnished' (as is the case here), they are provided to the SEC for informational purposes but do not carry the same legal liability as 'filed' documents under Section 18 of the Securities Exchange Act of 1934. This means the company is not subject to liability for misstatements or omissions in these furnished exhibits under that specific section of the law.