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

show_chart NYSE: BK

Market Cap

$40.83 Billion

USD as of April 1, 2022

history Market Cap History

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.

The Bank of New York Mellon Corporation market capitalization over time

Evolution of The Bank of New York Mellon Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of The Bank of New York Mellon Corporation

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.

Wikipedia Introduction

The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and securities services company, with $2.4 trillion in assets under management and $46.7 trillion in assets under custody as of the second quarter of 2021. It is considered a systemically important bank by the Financial Stability Board. BNY Mellon is incorporated in Delaware. Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr. T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew. Andrew W. Mellon later became Secretary of the Treasury.

Source: Wikipedia, retrieved on March 31, 2022, 9:05 p.m.

Stocks & Indices

The Bank of New York Mellon Corporation has the following listings and related stock indices.


Stock: NYSE: BK

Stock: FSX: BN9

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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)

Details

Headquarters:

240 Greenwich Street

New York, NY 10286

United States

Phone: 212-495-1784