Last $33.76 USD
Change Today +0.34 / 1.02%
Volume 3.6M
BK On Other Exchanges
Symbol
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New York
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Wall Street

New York, NY 10286

United States

Phone: 212-495-1784

Fax:

nt securities clearance. The company settles securities transactions in approximately 100 markets and handles majority of the transactions cleared through the Federal Reserve Bank of New York for 17 primary dealers. BNY Mellon offers tri-party collateral agency services to dealers and cash investors active in the tri-party repurchase, or repo, market. As agent, the company facilitates settlement between dealers (cash borrowers) and investors (cash lenders). Its involvement in a transaction commences after a dealer and investor agree to a tri-party repo trade and send instructions to the company. The company maintains custody of the collateral (the subject securities of the repo), monitors the eligibility and sufficiency of the collateral, and executes the payment and delivery instructions agreed to and provided by the principals. The company formed Global Collateral Services, which serves broker-dealers and institutional investors facing expanding collateral management needs as a result of current and emerging regulatory and market requirements. BNY Mellon acts as trustee and document custodian for certain mortgage-backed security (MBS) securitization trusts. Other This segment primarily includes credit-related services; the leasing portfolio; corporate treasury activities, including the company’s investment securities portfolio; its equity investment in Wing Hang Bank Limited (Wing Hang); and a 33.9% equity interest in ConvergEx Group. International Operations The company’s primary international activities consist of securities services and global payment services in its investment services business, and asset management in its investment management business. The company’s clients include asset managers, insurance companies, corporations, financial intermediaries, local authorities, and pension funds. Through its global network of offices, the company has developed an understanding of local requirements and cultural needs, and provides service through its multilingual sales, marketing and client service teams. The company conducts business through subsidiaries, branches, and representative offices in 35 countries. It has operational centers based in Brussels, Cork, Dublin, Wexford, Luxembourg, Singapore, Wroclaw, throughout the U.K., including London, Manchester, Brentwood, Edinburgh and Poole, and Chennai and Pune in India. BNY Mellon Investment Management operates on a multi-boutique model. In Europe, the company maintains a presence in the Undertakings for Collective Investment in Transferable Securities Directives (UCITS) servicing field. In Ireland, BNY Mellon is an administrator for fund administration services across domiciled and non-domiciled funds. The company offers a range of tailored solutions for investment companies, financial institutions, and institutional investors in Germany. It settles securities transactions in approximately 100 markets. The company serves as depositary for 1,335 sponsored American and global depositary receipt programs acting in partnership with leading companies from 65 countries as of December 31, 2013. The company provides trade and cash services to financial institutions and central banks outside of the U.S. In addition, it offers a range of servicing and fiduciary products to financial institutions, corporations and central banks depending on the state of market development. The company is also a full-service global provider of foreign exchange services, actively trading in approximately 80 of the world’s currencies. It serves clients from trading rooms in Europe, Asia, and North America. Regulation The deposits of the company’s U.S. banking subsidiaries are insured by the Federal Deposit Insurance Corporation to the extent provided by law. BNY Mellon’s branches and subsidiaries outside the United States are subject to regulation by non-U.S. regulatory authorities in addition to the Board of Governors of the Federal Reserve System. The Bank of New York Mellon SA/NV (BNYMSA) is the main banking subsidiary of the company in continental Europe. It is authorized and regulated as a credit institution by the National Bank of Belgium. BNYMSA has

 

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Industry Analysis

BK

Industry Average

Valuation BK Industry Range
Price/Earnings 19.4x
Price/Sales 2.6x
Price/Book 1.1x
Price/Cash Flow 18.2x
TEV/Sales NM Not Meaningful
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