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The Bank of New York Mellon Corporation – Company Information

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The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an investment management and investment services company, headquartered in New York City, USA.

The company is currently the world’s leading asset servicer.

It was formed on July 1, 2007 following the merger of Mellon Financial Corporation and The Bank of New York.

The company is comprised of six main financial services sectors: asset management, asset servicing, advisory services, broker-dealer, issuance services, wealth management, and treasury services.

The Bank of New York Mellon Corporation traces is considered to be the oldest banking corporation in the US, with its history tracing back to 1784, when Alexander Hamilton formed the Bank of New York.

Its two principal banks are:

The Bank of New York Mellon: a New York state chartered bank, where the company operates its Investment Services businesses, including Asset Servicing, Issuer Services, Treasury Services, Broker-Dealer and Advisor Services as well as the bank-advised business of Asset Management.

BNY Mellon, National Association (“BNY Mellon, N.A.”): a nationally-chartered bank, which houses our Wealth Management business.

Overview

BNY Mellon logo

  • Chairman and CEO: Gerald L. Hassell
  • President: Karen B. Peetz
  • Industry: Banking/Financial Services
  • Type: Public
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock symbol: BK
  • S&P 500 Component
  • Founded: 1784
  • Revenue: $15.692 billion USD (2014)
  • Net income: $2,651 million USD (2014)
  • Diluted earnings per share: $2.15 USD (2014)
  • Employees: 50,300 (2014)
  • Company head office: One Wall Street, New York, NY 10286, USA
  • Website: http://www.bnymellon.com/

The Bank of New York Mellon Corporation Financial Results, Years Ended December 31

Operating data (in $ millions) 2014 2013
Total investment services fees $6,942 $6,813
Total fee revenue $12,558 $11,715
Net securities gains $91 $141
Total fee and other revenue $12,649 $11,856
Income from consolidated investment management funds $163 $183
Net interest revenue $2,880 $3,009
Net interest revenue after provision for credit losses $2,928 $3,044
Total revenue $15,692 $15,048
Total noninterest expense $12,177 $11,306
Income before income taxes $3,563 $3,777
Provision for income taxes $912 $1,592
Net income $2,651 $2,185
Net (income) attributable to noncontrolling interests $(84) $(81)
Net income applicable to shareholders of The Bank of New York Mellon Corporation $2,567 $2,104
Net comprehensive income $1,825 $1,855
Common share data (in $)
Basic earnings (loss) per share $2,17 $1.74
Diluted earnings (loss) per share $2.15 $1.73
Balance sheet data (in $ millions)
Total assets $385,303 $374,516
Total liabilities $346,600 $336,006
Total The Bank of New York Mellon Corporation shareholders’ equity $37,441 $37,497
Cash flow data (in $ millions)
Cash (used in) provided by operating activities $4,484 $(642)
Cash (used in) investing activities $(11,675) $(13,200)
Cash provided by financing activities $7,829 $15,621
Cash and due from banks at beginning of period $6,460 $4,727
Cash and due from banks at end of period $6,970 $6,460

Source: “The Bank of New York Mellon Corporation Form 10-K 2014”