Bank of New York Mellon (BK) Stock Price & Chart | Trade Now

Bank of NY Company profile

What is Bank of New York Mellon?

Bank of New York Mellon Corporation (BNY Mellon) is an international company providing investment and wealth management services to clients all over the globe. The company has been operating in Europe, Africa and the Middle East since the 1900s, delivering investment services to a wide range of customers who want to access global capital markets.

As of December 2017, BNY Mellon had $33.3 trillion in assets under custody and $1.9 trillion in assets under management. This made it the world’s leading custodian bank and asset servicing company. Additionally, BNY Mellon invests in innovation, introducing new products and services that have helped to transform the financial services industry.

Who are the key people at Bank of New York Mellon?

Charles W. Scharf is Chairman and Chief Executive Officer of BNY Mellon. Before joining the company in 2017, he served as CEO of Visa Inc. Other senior figures at BNY Mellon include Mitchell Harris, CEO of BNY Mellon Investment Management; Hani Kablawi, CEO of BNY Mellon’s Global Asset Servicing organisation; and Michelle Neal, who is CEO of BNY Mellon Markets.

What is the modern history of Bank of New York Mellon?

BNY Mellon traces its history all the way back to 1784, when Alexander Hamilton founded the Bank of New York. There was a long series of mergers in the 20^thcentury, with the bank making 33 acquisitions in the five-year period from 1993 to 1998 alone. In 2006, Bank of New York exited retail banking and announced that it would merge with Mellon Financial Corporation. The deal was valued at $16.5 billion, and the merger was finalised in July 2007.

Since the merger, BNY Mellon has made further acquisitions. These include Insight Investment in 2009; Global Investment Servicing Inc. in 2010; and Talon Asset Management's wealth management business in 2011. BNY Mellon announced in 2015 that it would pay $180 million to settle a forex-related putative class action lawsuit. The move came after federal and state authorities accused BNY Mellon of malpractice.

What are the latest developments at Bank of New York Mellon?

BNY Mellon reported full year 2017 earnings of $3.9 billion, or $3.72 per common share – an increase of 18%. Total revenue was up 2%, and total expense was up 4%.

At his debut investor day in March 2018, CEO Charles Scharf said BNY Mellon could drive revenue growth through its investment management business – and especially through its wealth arm. And even after years of cost-cutting, there was still some “juice” left as the company sought further efficiencies, he said.

In recent years the BNY Mellon share price has climbed steadily from around $30 in mid-2013 to as high as $58 in January 2018. To find out how the shares are doing right now, follow Capital.com and take a look at our BK chart. It’ll put all the information at your fingertips.

Where does Bank of New York Mellon operate?

Headquartered in New York City, Bank of New York Mellon has operations across the United States, Canada and Latin America. In Europe it’s active in the UK, France, Germany, Spain and Italy among others. It also has a presence in Russia, across key markets in the Asia-Pacific region (China, India, Japan, Australia, etc), and in some Middle Eastern countries.

Where is Bank of New York Mellon traded?

BNY Mellon shares are traded on the New York Stock Exchange (NYSE). The stock is a constituent of both the S&P 100 and S&P 500 indices. Check out Capital.com for the latest BK chart. We’ll keep you up to date and in the picture.