Financials
Banks - Diversified
$55.13B
53.4K
Key insights and themes extracted from this filing
As of Dec 31, 2023, BNY Mellon reported $47.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. This indicates the scale of the company's operations and its position in the market.
BNY Mellon divides its businesses into Securities Services, Market and Wealth Services, and Investment and Wealth Management. These segments provide a structure for understanding the company's revenue streams and operational focus.
The company notes that they are dependent on fee-based business for a substantial majority of their revenue. This highlights the importance of market activity and client volumes for the company's financial performance.