About the Company
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.
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Latest $BK News
The Bank of New York Mellon Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
After the latest results, the twelve analysts covering Bank of New York Mellon are now predicting revenues of US$18.0b in ...
Bank of New York Mellon Corporation (BK) Receives a Hold from KBW
KBW analyst David Konrad maintained a Hold rating on Bank of New York Mellon Corporation (BK – Research Report) yesterday and set a price ...
BNY Mellon CEO says Q1 performance a 'glimpse of the future'
We think it’s going to be very significant over time, but it’s not a 2024 story ... We’re laying the seeds for future ...
Bank of New York Mellon Corp
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Analysts’ Opinions Are Mixed on These Financial Stocks: Citigroup (C), Bank of New York Mellon Corporation (BK) and Wells Fargo (WFC)
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Citigroup (C – Research Report), Bank of New ...
ETFs that buy bank stocks are under pressure, lagging U.S. equities market
Exchange-traded funds that hold bank stocks were under pressure Tuesday afternoon, lagging the broader U.S. equities market.
The Bank of New York Mellon Corporation (BK) Q1 2024 Earnings Call Transcript
Good morning and welcome to the 2024 First Quarter Earnings Conference Call hosted by BNY Mellon. At this time, all participants are in a listen-only mode. Later we will conduct a question-and ...
The Bank of New York Mellon Corporation (NYSE:BK) Q1 2024 Earnings Call Transcript
That’s very significant. That’s where we talk about maturing One BNY Mellon into the real heart of a new commercial coverage model and that’s being driven by our Chief Commercial Officer.
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