BNY
SP100NYSEThe Bank of New York Mellon Cor
Financial Services · Banks - Diversified · United States
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing, payables management, and trade finance, as well as U.S. government and global clearing, and tri-party services. The Investment and Wealth Management segment offers investment management strategies, investment products distribution, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment provides corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services. The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
www.bny.com ↗Shares trade at a moderate 18.2× trailing earnings, easing to 14.9× on forward estimates. Profitability shows a net margin of 28.7% and return on equity of 13.5%. Debt/equity stands at 1.81×. Revenue grew 13.4% year-on-year. It yields 1.4% in dividends. The mean analyst target of USD150.00 sits 2.3% above the current price (Buy, 13 analysts).
business model
The Bank of New York Mellon (BNY) is a global custody and securities-services bank whose core business is safekeeping, servicing, and administering financial assets for institutional clients, complemented by asset and wealth management. It earns fee income for custody, clearing, and servicing plus net interest income on client deposits.
revenue segments
Revenue is organized around Securities Services (asset servicing/custody and issuer services), Market and Wealth Services (Pershing clearing/custody for advisors, treasury services, and clearance/collateral management), and Investment and Wealth Management. Fee revenue dominates, supplemented by net interest income.
key dependencies
It depends on the level of assets under custody/administration (in the tens of trillions), transaction and market activity, interest rates and deposit balances that drive net interest income, and the reliability and scale of its technology and operational infrastructure.
competitors
Chief competitors are State Street and JPMorgan in global custody and asset servicing, Northern Trust and Citi in custody and fund services, and Charles Schwab and Fidelity in the clearing/custody space that serves financial advisors.
moat
BNY's moat derives from enormous scale in custody, high switching costs for clients whose operations are deeply integrated with its platforms, a long-established trusted brand, and regulatory/operational barriers to entry as a systemically important trust bank.
risks
Key risks include net-interest-income sensitivity to interest rate changes and deposit outflows, fee pressure and competition, operational and cybersecurity risk given massive transaction volumes, regulatory capital requirements, and exposure to market-activity declines.
Financials & metrics
as of 28 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
Tap any metric for an explanation.● provider● computedN/A not available from source
Valuation history is being recorded
We snapshot P/E and price targets daily. This chart fills in over the coming days.
Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $19.76B | $18.26B | $17.34B | $16.19B | — |
| Interest expense | $20.68B | $21.30B | $16.30B | $3.61B | — |
| Pretax income | $7.06B | $5.85B | $4.28B | $3.48B | — |
| Tax provision | $1.48B | $1.30B | $979.00M | $937.00M | — |
| Net income | $5.55B | $4.53B | $3.30B | $2.56B | — |
| Diluted EPS | $7.40 | $5.80 | $4.00 | $2.90 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $472.30B | $416.06B | $409.88B | $405.78B | — |
| Cash & equivalents | $128.67B | $101.94B | $125.19B | $107.36B | — |
| Total liabilities | $427.49B | $374.30B | $368.97B | $364.93B | — |
| Total debt | $34.30B | $31.38B | $31.74B | $30.86B | — |
| Long-term debt | $32.30B | $31.08B | $31.74B | $30.86B | — |
| Shareholders' equity | $44.31B | $41.32B | $40.77B | $40.73B | — |
| Retained earnings | $46.40B | $42.54B | $39.55B | $37.86B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $6.73B | $687.00M | $5.91B | $15.07B | — |
| Investing cash flow | -$44.28B | -$9.48B | -$5.81B | $19.87B | — |
| Financing cash flow | $39.71B | $6.34B | -$3.52B | -$33.65B | — |
| Capital expenditure | -$1.55B | -$1.47B | -$1.22B | -$1.35B | — |
| Free cash flow | $5.18B | -$782.00M | $4.69B | $13.72B | — |
| Dividends paid | -$1.69B | -$1.54B | -$1.49B | -$1.38B | — |
| Share buybacks | -$4.54B | -$3.06B | -$3.10B | -$124.00M | — |
| End cash position | $7.96B | $5.58B | $8.34B | $11.53B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 28 Aug 2026News
Sector peers
Notes & alerts
Sign in to keep a private research note and set price alerts for BNY.