The Bank of New York Mellon Corporation (BK)

Sector: Financials|Industry: Banks - Diversified|Market Cap: $55.13B|Employees: 53.4K


The Bank of New York Mellon Corporation is a global financial services company providing a wide range of services including asset servicing, issuer services, and investment management. They operate through three main segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management. BNY Mellon is a major player in the financial industry with a long history dating back to 1784, and has a significant global presence.

  1. Filings

Filing Highlights

Financial Performance

Net income applicable to common shareholders increased to $1.11 billion in Q3 2024, up from $958 million in Q3 2023. This increase was primarily driven by a 5% increase in fee revenue, reaching $3.6 billion.

Net interest income increased by 3% year-over-year, reaching $1.048 billion in Q3 2024, compared to $1.016 billion in Q3 2023. This growth was primarily due to improved investment securities portfolio yields and balance sheet growth.

Return on tangible common equity (ROTCE) was 22.8% in Q3 2024, which is a decrease from 24.6% in Q2 2024 but still indicates strong profitability. The adjusted ROTCE, excluding notable items, was 23.2% in Q3 2024.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment