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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Bank of New York Mellon

Pershing is a subsidiary of The Bank of New York Mellon. Pershing has nearly $1 trillion in assets under administration. The Bank of New York Mellon has more than $25 trillion in assets in custody.

Pershing

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other. The Securities Services segment includes the Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data, and analytics solutions. The Market and Wealth Services segment consists of industry leaders pershing and clearance and collateral management, and treasury services business. The Investment and Wealth Management segment is involved in services to institutional and retail investors, as well as investment management, wealth, and estate planning. The Other segment refers to the leasing portfolio, corporate treasury activities, derivatives, and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q4 2024

BNY Mellon reports Q4 earnings decline, focuses on growth initiatives

BNY Mellon's Q4 performance showed a decline in EPS but strong return on equity.
The company aims to drive efficiency savings in 2023 and grow net interest revenue.
Challenges include declining assets under management and margin concerns in asset servicing.
Opportunities lie in revenue diversification, growth initiatives, and improving expense management.

BNY Mellon reports robust Q1 earnings, eyes real-time payment growth

Bank of New York Mellon (BK) delivered strong financial results in Q1 2023, showcasing resilience and effective cost management.
The company's emphasis on preparedness over prediction and diversification in services positions them well for future challenges.
BNY Mellon's cautious approach to deposits and crypto, coupled with a focus on real-time payments, reflects a strategic and forward-thinking mindset.
Overall, BNY Mellon's performance, strengths, and strategic focus indicate a resilient and adaptable financial institution.

BNY Mellon excels in Q2 earnings, navigates uncertainties strategically

BNY Mellon's Q2 performance reflects strong financial metrics and strategic initiatives to enhance competitiveness. While facing uncertainties, the company is well-positioned to leverage opportunities in distribution, cost management, and client experience for future growth.

Bank of New York Mellon reports strong Q3 earnings and growth strategies

Bank of New York Mellon (BK) delivered strong financial results in Q3 2023, showcasing operational efficiency and strategic focus on client engagement and expense reduction.
While facing challenges in the Investment Management segment, the company remains optimistic about its ability to deliver on financial targets and capitalize on growth opportunities.
By addressing internal and external risks, leveraging technological advancements, and focusing on revenue growth and cost management, Bank of New York Mellon aims to navigate uncertainties and drive sustainable growth.
The company's commitment to enhancing operational efficiency, revenue streams, and client-centric services positions it well to overcome challenges and capitalize on opportunities for future success.

BNY Mellon surpasses 2023 goals, focuses on growth strategies

BNY Mellon had a strong Q4, exceeding financial goals and focusing on future growth strategies.
The company faces challenges with expense management and NII outlook but sees opportunities in efficiency and revenue growth.
Executives emphasized aligning employees, enhancing client service, and driving growth in business segments.
Investments in automation, digitization, and strategic targets set for future success.

BNY Mellon reports solid Q1 earnings, invests in AI for growth

BNY Mellon's Q1 2024 performance reflects resilience with revenue and EPS growth, despite challenges in net interest income and deposit trends. The company's strategic focus on technology investments, client-centric approach, and operational efficiency drive opportunities for future growth and profitability.

Bank of New York Mellon (BK) reports robust Q3 results

Bank of New York Mellon (BK) shows strong financial performance and strategic focus
Balancing investments in AI with managing expenses effectively is key
Transition to a platforms company and AI investments offer growth potential

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NEW YORK , June 6, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced that it will redeem all of the issued and outstanding 3.430% Fixed Rate / Floating Rate Callable Senior Notes due June 13, 2025 (CUSIP 06406RBF3) (the "Notes"). The Notes have an outstanding aggregate principal amount of $362,688,000.

BNY Mellon Announces Redemption of 3.430% Fixed Rate / Floating Rate Callable Senior Notes Due 2025

BNY Mellon (BK) expands its direct indexing suite and launches customized tax solutions.

BNY Mellon (BK) Expands Indexing Suite, Launches Tax Solutions

BNY Mellon (BK) reveals a unified offering to its clients to offer a comprehensive investment solution at a reduced cost. This strategic move aligns with the bank's strategy to boost the client base.

BNY Mellon (BK) Boosts Investment Solutions via Bundle Services

BOLD ® Future offers retail clients the opportunity to make a social impact through Dreyfus' flagship money fund in partnership with Howard University NEW YORK , June 5, 2024 /PRNewswire/ -- Dreyfus, BNY Mellon's affiliated liquidity manager, today announced the launch of BOLD® Future, a new share class for retail investors of the Dreyfus Government Cash Management fund. Building on the demand from institutional investors for BOLD, which stands for Black Opportunity for Learning and Development, BOLD Future will support Howard University's Graduation, Retention, and Access to Continued Excellence (GRACE) Grant by making an annual donation of 10% of the net revenue 1  of the share class to a dedicated scholarship within the GRACE Grant.

Dreyfus Launches BOLD® Future, Bringing the Power of BOLD to Retail Investors

The added features include the wealth management platform's first tool designed for investors and a cloud-based tool created for C-suite financial executives to better manage enterprise data NEW YORK , June 4, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, announced today new enhancements to Pershing X's Wove platform, which is designed to help registered investment advisors, broker-dealers and wealth management firms connect an investor's full financial picture in one place. The new Wove offerings include: Wove Investor, a one-stop client portal that enables investors to view account info across multiple custodians, and use self-service features to quickly complete simple tasks on their own, such as check balances across all investment accounts, on a single interface.

BNY Mellon's Pershing Launches a New Suite of Products on its Wove Platform

BNY Mellon's managed accounts ecosystem brings unique value and access for advisors The bundled offering enables RIAs, broker-dealers and banks to use multiple solutions provided by BNY Mellon at a discount and could see up to 40% in savings1 NEW YORK , June 4, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE:BK), the global financial services company, today announced at its INSITE conference a bundled offering delivered through Pershing that enables financial advisors to access the full breadth of capabilities from across BNY Mellon's leading platforms, including BNY Mellon Investment Management and BNY Mellon Advisors. As investors' financial needs continue to become more complex, they are increasingly looking to their financial advisors for help across their investment needs.

BNY Mellon and Pershing Bundle Services to Deliver Comprehensive Investment Solutions to Advisors

Financial advisors, broker-dealers and RIAs can now access customized tax solutions and an expanded range of direct indexing strategies that provide a variety of market exposures NEW YORK, June 4, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced the launch of customized tax solutions and the expansion of its direct indexing suite, BNY Mellon Precision Direct Indexing SM . This evolution will allow advisors to select a strategy that best aligns with their clients' investment goals and objectives.

BNY Mellon Launches Customized Tax Solutions and Expands Precision Direct Indexing

Leading Firms Commit $35 Million, More Expected Soon WASHINGTON , June 4, 2024 /PRNewswire/ -- The Community Development Bankers Association (CDBA) and National Bankers Association (NBA) are proud to announce the launch of the Advancing Communities Together (ACT) Deposit Program. This innovative initiative is designed to channel vital funding to banks serving low-income and minority communities while also ensuring all deposits are eligible for FDIC insurance.

CDBA and NBA Launch New Program to Boost Deposits at Banks Targeting Underserved Communities

CHICAGO--(BUSINESS WIRE)-- #CRM--Advyzon Investment Management (AIM), a turnkey asset management program (TAMP) under the umbrella of comprehensive technology platform Advyzon, announced today the hiring of Scott Smith as Chief Revenue Officer (CRO). An accomplished executive in the financial services industry – having previously worked at Goldman Sachs, BNY Mellon | Pershing, Envestnet, Fidelity, Schwab Advisor Services, and TD Ameritrade Institutional – Smith brings his 20+ years of industry experie.

Advyzon Investment Management (AIM) Names Scott Smith, Former Executive at Goldman Sachs and BNY Mellon | Pershing, Chief Revenue Officer

Evercore

LONDON--(BUSINESS WIRE)--Behavox, a leading provider of AI-driven compliance solutions, today announced its Q1 2024 financial results, marking the second consecutive quarter of profitability and accelerating revenue growth. The company continued its strong momentum from 2023 by closing the first quarter of 2024 with a 51% increase in revenue. This significant growth is attributable to strong demand from customers for the Behavox Quantum AI product, which leverages a proprietary Large Language M.

Behavox Announces Strong Revenue Growth and Continued Profitability

NEW YORK , May 17, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, will report financial results for the second quarter 2024 on Friday, July 12, 2024. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m.

BNY Mellon to Report Second Quarter 2024 Results on July 12, 2024

The Bank of New York Mellon (BK) reported earnings 30 days ago. What's next for the stock?

The Bank of New York Mellon (BK) Up 8% Since Last Earnings Report: Can It Continue?

NEW YORK, May 16, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced that Dermot McDonogh, Chief Financial Officer, will speak at the Goldman Sachs European Financials Conference in Madrid, Spain at 3:00 p.m. CEST (9:00 a.m.

BNY Mellon to Speak at the Goldman Sachs European Financials Conference

Ponce Financial Group

The announcement was made during the 25th Annual Bronx Week Bankers Breakfast sponsored by the Business Initiative Corporation of NY and Bronx Economic Development Corporation, hosted by Bronx Borough President Vanessa L. Gibson NEW YORK , May 10, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, today announced a collaboration with Ponce Bank, a Bronx-based Minority Deposit Institution (MDI), as part of the U.S. Treasury Department's Financial Agent Mentor-Protégé Program.

BNY Mellon Collaborates with Ponce Bank through the U.S. Department of Treasury Financial Agent Mentor-Protégé Program

BNY Mellon (BK) remains well-placed for top-line growth, given a solid balance sheet, high rates and business transformation efforts. However, rising expenses and fee-income concentration are woes.

BNY Mellon (BK) Rides on High Rates Despite Expense Woes

This year's annual financial advisory conference will take place in Nashville and feature a keynote from four-time Grammy Award-winner Keith Urban NEW YORK , May 6, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE:BK), the global financial services company, has released the lineup for Pershing's INSITE 2024, hosted at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, June 4-6. This year's theme is "Next Level," with a focus on how investment firms and advisors can harness technology, data and other innovations to deliver next-level solutions for their clients.

BNY Mellon's Pershing Announces the Agenda for INSITE 2024

BNY Mellon (BK) signs a deal to divest its Canada business while at the same time focusing on global expansion efforts. The financial terms of the deal remain undisclosed.

BNY Mellon (BK) Plans to Divest Canada Unit to Computershare

NEW YORK--(BUSINESS WIRE)--Computershare Limited (ASX: CPU) has announced that it has agreed to acquire BNY Trust Company of Canada from BNY Mellon (NYSE: BK) through its Canadian trust company, Computershare Trust Company of Canada. BNY Trust Company of Canada was established in 2001 and offers a range of trust and agency services in Canada to clients, including issuers, corporations, banks and government entities. “We're delighted to be bringing the experienced team at BNY Trust Company of Ca.

Computershare to buy BNY Trust Company of Canada

Higher fee income and solid improvement in AUM and AUC/A balances drive BNY Mellon's (BK) Q1 earnings. On the other hand, lower NIR and a rise in expenses act as spoilsports.

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

The Bank of New York Mellon Corporation (NYSE:BK ) Q1 2024 Earnings Conference Call April 16, 2024 11:00 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President and Chief Executive Officer Dermot McDonogh - Chief Financial Officer Conference Call Participants Alex Blostein - Goldman Sachs Steven Chubak - Wolfe Research Betsy Graseck - Morgan Stanley Ebrahim Poonawala - Bank of America Securities Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Glenn Schorr - Evercore ISI Gerard Cassidy - RBC Capital Markets David Smith - Autonomous Research Brian Bedell - Deutsche Bank Ken Usdin - Jefferies Operator 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.

The Bank of New York Mellon Corporation (BK) Q1 2024 Earnings Call Transcript

The Bank of New York Mellon (BK) posted better-than-expected results as the oldest U.S. bank reported higher investment services fees. It also boosted its stock buyback program.

BNY Mellon Beats Earnings Estimates on Higher Fees and Announces $6B Stock Buyback

Although the revenue and EPS for The Bank of New York Mellon (BK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

The Bank of New York Mellon (BK) Reports Q1 Earnings: What Key Metrics Have to Say

An increase in fee income and solid improvement in AUM and AUC/A balances support BNY Mellon's (BK) Q1 earnings, while lower NIR and a rise in expenses act as undermining factors.

BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM

The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.13 per share a year ago.

The Bank of New York Mellon Corporation (BK) Q1 Earnings and Revenues Surpass Estimates

NEW YORK , April 16, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors declared dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.42 per share, payable on May 9, 2024 to shareholders of record as of the close of business on April 26, 2024. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in June 2024, in each case payable on June 20, 2024 to holders of record as of the close of business on June 5, 2024: $1,574.00 per share on the Series A Preferred Stock (equivalent to $15.739973 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock); $925.00 per share on the Series H Preferred Stock (equivalent to $9.250000 per depositary share, each representing a 1/100th interest in a share of the Series H Preferred Stock); and $937.50 per share on the Series I Preferred Stock (equivalent to $9.375000 per depositary share, each representing a 1/100th interest in a share of the Series I Preferred Stock).

News for Bank of New York Mellon Stock (BK)