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Bank of New York Mellon Corp. (BNY Mellon) is a U.S.-based financial institution operating in the financial sector, primarily within the banking and asset management industry. The company was formed in 2007 through the merger of the historic The Bank of New York, founded by Alexander Hamilton, and Mellon Financial Corporation.
BNY Mellon is one of the world’s largest providers of custody services, asset administration, investment management, treasury solutions, trade settlement, and financial technology services. Unlike a traditional commercial bank, the company focuses on serving institutional clients, including investment funds, asset managers, governments, and large corporations.
With operations in more than 35 countries, BNY Mellon maintains a strong presence across the United States, Europe, and Asia. The company oversees trillions of dollars in assets under custody and administration, ranking among the global leaders in this segment.
Its market environment is shaped by factors such as global financial regulation, technological innovation, automation, cybersecurity, and the expansion of global investment flows. Competitors include State Street, JPMorgan, and Northern Trust.
BNY Mellon's structure includes corporate offices, technology hubs, trading desks, custody units, and digital investment platforms, employing approximately 53,000 people worldwide.
The company’s shares are listed on the New York Stock Exchange (NYSE) under the ticker BK.
History and When Bank of New York Mellon Corp. Was Founded
The story begins in 1784, when The Bank of New York was founded by Alexander Hamilton, becoming one of the first financial institutions in the United States. The bank played a fundamental role in financing early American economic development.
Throughout the 19th and early 20th centuries, the bank expanded its operations into commercial finance, infrastructure, and corporate financial services. International expansion began in the 1950s with the establishment of offices in strategic global markets.
Mellon Financial Corporation, founded in 1870 in Pittsburgh, became a leader in asset management and corporate banking. In 2007, the two institutions merged, forming Bank of New York Mellon Corp., one of the world’s leading providers of institutional financial services.
Between 2020 and 2024, BNY Mellon accelerated investments in digital transformation, artificial intelligence, market automation, blockchain technology, and digital custody infrastructure, staying aligned with the evolving global financial landscape.
Additional Information
The Company Bank of New York Mellon Corp. (United States), is listed on NYSE with a market cap of $ 79.14 Billions, having an equity of $ 44.36 Billions.
With a total of 48.400 employees, the company is listed in the sector of Financial and categorized in industry of Investment Services.
In the last 12 months the Company had a revenue of $ 19.47 Billions, which generated a profit in the amount of $ 5.24 Billions.
As for its main indicators, the Company has a P/E ratio of 15.09, a P/BV ratio of 1.78 and in the last 12 months the dividend yield of BK was at 1.78%.
The Company is traded internationally through the ticker BK.
