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Bank of New York Mellon Corp
Previous close
$57.44
Day range
$56.99 - $58.01
Year range
$39.65 - $58.28
Market cap
43.34B USD
Avg Volume
3.81M
P/E ratio
14.50
Dividend yield
2.90%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Revenue | 4.50B | 3.78% |
Operating expense | 3.16B | 2.53% |
Net income | 1.02B | 5.02% |
Net profit margin | 22.78 | 1.20% |
Earnings per share | 1.29 | 14.16% |
EBITDA | — | — |
Effective tax rate | 22.43% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 174.88B | 3.00% |
Total assets | 434.73B | 2.26% |
Total liabilities | 393.97B | 2.51% |
Total equity | 40.76B | — |
Shares outstanding | 756.94M | — |
Price to book | 1.20 | — |
Return on assets | 0.97% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Net income | 1.02B | 5.02% |
Cash from operations | — | — |
Cash from investing | — | — |
Cash from financing | — | — |
Net change in cash | — | — |
Free cash flow | — | — |
About
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American banking and financial services corporation headquartered in New York City. The bank offers investment management, investment services, and wealth management services. 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 $1.8 trillion in assets under management and $45.7 trillion in assets under custody as of 2023. It is considered a systemically important bank by the Financial Stability Board.
Through its Bank of New York predecessor, it is the oldest bank in the United States and the first listed on the New York Stock Exchange. It is regarded as being among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Father Alexander Hamilton. T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew, the latter of whom later became Secretary of the US Treasury. The bank replaced its name with Mellon National Bank in 1902. Wikipedia
CEO
Founded
Jul 1, 2007
Website
Employees
53,400