8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Jan 21, 2011)

Filed January 21, 2011For Securities:BKBK-PKBNYBNY-PK

Summary

This 8-K filing by The Bank of New York Mellon Corporation (BK) primarily serves to announce the company's conference call and webcast held on January 19, 2011, to discuss its financial results for the full year and fourth quarter of 2010. Alongside this, the company made its "Quarterly Earnings Review" (Exhibit 99.1) and "Financial Trends" (Exhibit 99.2) information available on its website. These documents are furnished as exhibits to the 8-K and are considered non-GAAP financial measures, which management believes are useful for investors to analyze ongoing operations and compare financial performance across periods. While the 8-K itself does not contain the detailed financial results, it directs investors to these supplementary materials for a comprehensive understanding of BK's performance. The furnished exhibits are intended to provide deeper insights into the company's revenue streams, particularly from both taxable and tax-exempt sources, and the operational trends influencing its financial condition at the close of 2010. Investors should refer to Exhibits 99.1 and 99.2 for the specific financial data and analysis.

Key Highlights

  • 1BK announced its fourth quarter and full year 2010 earnings review and financial trends presentation.
  • 2The company conducted a conference call and webcast on January 19, 2011, to discuss these results.
  • 3Detailed financial information was made available on the company's website via Exhibits 99.1 (Quarterly Earnings Review) and 99.2 (Financial Trends).
  • 4These furnished exhibits are considered non-GAAP financial measures.
  • 5Management believes these non-GAAP measures offer valuable insights into ongoing operations and aid in period-over-period comparisons.
  • 6The presentation aims to allow investors to better evaluate the impact of revenues from both taxable and tax-exempt sources.
  • 7The documents are 'furnished' and not 'filed' under Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The primary purpose of this 8-K filing is to inform investors about The Bank of New York Mellon Corporation's conference call and webcast held on January 19, 2011, to discuss its financial results for the full year and fourth quarter of 2010. It also serves to provide access to supplementary financial information made available on the company's website.

The detailed financial results and analysis are not directly included in the 8-K filing itself. Instead, they are provided in Exhibits 99.1 (Quarterly Earnings Review) and 99.2 (Financial Trends) which were furnished by the company and made available on its website starting January 19, 2011.

When exhibits are 'furnished,' they are provided to the SEC but are not subject to the same liability provisions as 'filed' documents under Section 18 of the Securities Exchange Act of 1934. 'Non-GAAP financial measures' are accounting principles not in accordance with GAAP (Generally Accepted Accounting Principles). Management believes these measures are useful for investors as they provide additional insights into operational performance and facilitate comparisons, particularly concerning revenues from different sources.

Exhibits 99.1 and 99.2 are expected to contain the company's performance metrics for the fourth quarter and the full year 2010. This includes details on revenues, operational trends, and potentially other key financial indicators that management uses to monitor performance, with a specific focus on differentiating revenues from taxable and tax-exempt sources.