Company
The Bank of New York Mellon Corporation
Headquarters: New York, NY, United States
Founded: July 1, 2007
Employees: 49,100
CEO: Mr. Thomas P. Gibbons
Market Cap
$44.78 Billion
USD as of July 1, 2024
The Bank of New York Mellon Corporation Categories
United States Financials Asset ManagementUnited States Financials United States Asset Management
Company Description
Tracing its roots to 1784, the Bank of New York Mellon Corporation, operating as BNY Mellon, is a multinational banking and financial services holding company headquartered in New York City. The world’s largest custodian bank and asset servicing company, BNY Mellon is primarily involved in corporate and investment banking, global wealth management, financial analysis, and private equity.
Top Competitors by Market Capitalization
Industry: Asset Management
| Company | Market Cap (USD) |
|---|---|
| Blackstone | $148.37 B |
| BlackRock | $117.48 B |
| KKR & Co. Inc. | $97.78 B |
| Brookfield Corporation | $65.40 B |
| Ares Management Corporation | $43.24 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services; and clearance and collateral management services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.
Top 1-year algo backtest: +265.99%
$10,000 in October 2023 would now be $36,599 by following this algorithm daily at market close.
Use AI to boost your investing & swing trading, now!
Try Disfold DeepFinance FREE
Stocks & Indices
The Bank of New York Mellon Corporation has the following listings and related stock indices.
Stock: NYSE: BK wb_incandescent
Stock: FSX: BN9 wb_incandescent
Product & Services
Corporate bankingInvestment bankingGlobal wealth managementFinancial analysisPrivate equity
Key People
Founder(s): Alexander Hamilton Aaron Burr Thomas Mellon
Thomas P. (Todd) Gibbons (Chief Executive Officer) Emily Portney (Chief Financial Officer)
Financials
Revenue: US$15.9 billion (2021)
Operating income: US$3.97 billion (2021)
Net income: US$3.55 billion (2021)
Total assets: US$470.533 billion (2021)
Total equity: US$43.874 billion (2021)