Core Insights - The article discusses the largest banks in the US by consolidated asset size as of September 30, 2025, highlighting their product offerings and branch networks Bank Rankings - **Chase Bank** is the largest bank in the US with $3.8 trillion in assets, operating over 5,000 branches and 15,000 ATMs, offering a wide range of financial products [3] - **Bank of America** follows as the second-largest bank with $2.7 trillion in assets, providing various products for personal and business customers, and operates more than 3,600 branches and approximately 15,000 ATMs [3] - **Citibank** ranks third with $1.8 trillion in assets, operating 660 branches and over 2,300 ATMs, offering products such as deposit accounts and personal loans [4] - **Wells Fargo**, also with $1.8 trillion in assets, has been serving customers since 1852 and operates more than 4,100 branches and over 11,000 ATMs [4] - **U.S. Bank** is the fifth-largest bank with $680 billion in assets, operating more than 2,100 branches and offering a variety of banking products [5] - **Capital One** has $652 billion in assets, operates 258 branches, and offers a full suite of financial products [6][7] - **Goldman Sachs Bank** has $644 billion in assets, primarily known for its investment banking, operates two branches, and offers online banking services [8] - **PNC Bank** has $564 billion in assets, serving personal and business clients with over 2,300 branches [9] - **Truist Bank** has $536 billion in assets, operates nearly 2,000 branches, and offers a range of financial services [10] - **Bank of New York Mellon** has $367 billion in assets, primarily known for asset servicing and investment management, operating just one domestic branch [10] - **State Street Bank and Trust Company** has $366 billion in assets, serving as a global custodian bank with two domestic branches [11] - **TD Bank** has $351 billion in assets, serving over 10 million customers with 1,100 branches [12] - **Morgan Stanley Bank** has $250 billion in assets, providing financial services to individuals and institutions [13] - **BMO Bank** has $249 billion in assets, operating over 1,000 branches and offering various banking products [14] - **Morgan Stanley Private Bank** has $240 billion in assets, focusing on high-net-worth clients without any branches [16] - **First Citizens Bank** has $233 billion in assets, serving personal and business clients with about 500 branches [16] - **Citizens Bank** has $222 billion in assets, operating nearly 1,000 branches and offering a range of financial products [17] - **Fifth Third Bank** operates over 1,100 branches and has a network of more than 40,000 fee-free ATMs [18] - **American Express National Bank** has $211 billion in assets, focusing on high-yield savings accounts and personal loans [18] - **M&T Bank** also has $211 billion in assets, operating almost 1,000 branches and offering various banking services [19]

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. Th ...

The Bank of New York Mellon Corp. (BK) remains well-poised for revenue growth on the back of a strong balance sheet, higher rates and expansion initiatives. However, an elevated expense base and concentrated revenues from fee income are concerns.High interest rates continue to support BNY Mellon’s net interest revenues (NIR) and net interest margin (NIM), though a rise in funding costs exerts pressure on both.The company’s NIR witnessed a compound annual growth rate (CAGR) of 3.8% over the five years ended ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-2614959 (State or other jurisdiction of incorporation or org ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has The Bank of New York Mellon Corporation (BK) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.The Bank of New York Mellon Corporation is one of 859 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yie ...

Core Viewpoint - The Bank of New York Mellon Corp. has agreed to divest BNY Trust Company of Canada to Computershare, aligning with its strategy to expand in foreign markets while Computershare aims to enhance its corporate trust business in North America [1][2]. Company Summary - The divestiture is expected to be completed in the second quarter of 2024, pending customary and regulatory approvals, with financial terms undisclosed [1]. - BNY Trust Company of Canada, established in 2001, provides a variety of trust and agency services to clients in Canada, managing approximately 1,800 corporate trust mandates [1]. - All relevant staff will transition to Computershare, ensuring a smooth business and employee transition [2]. - BNY Mellon remains focused on strategic acquisitions and divestitures to penetrate overseas markets and improve profitability, having previously divested BNY Alcentra Group Holdings in 2022 and acquired Optimal Asset Management in 2021 [2]. Industry Context - Other financial services firms are also pursuing similar divestiture strategies, such as HSBC's sale of its Argentina business for $550 million to focus on Asian operations, incurring a $1 billion pre-tax loss [5]. - Goldman Sachs completed the sale of GreenSky, a home-improvement lending platform, as part of a major restructuring initiative, having acquired it for $1.7 billion in 2022 [6].

The Bank of New York Mellon Corporation’s (BK) first-quarter 2024 adjusted earnings of $1.29 per share handily outpaced the Zacks Consensus Estimate of $1.19. Also, the figure reflected a rise of 14% from the prior-year quarter.Further, BK’s total revenues grew 3% year over year to $4.53 billion. The top line also beat the Zacks Consensus Estimate of $4.38 billion.The primary driver for the increase in top line was an improvement in fee income and assets under custody and/or administration (AUC/A) and asset ...

Financial Data and Key Metrics Changes - BNY Mellon reported earnings per share (EPS) of $1.25, an 11% increase year-over-year, and $1.29 excluding notable items, up 14% [8][21] - Total revenue reached $4.5 billion, a 3% increase year-over-year, with investment services fees growing by 8% [8][19] - Expenses were $3.2 billion, up 2% year-over-year, with a pre-tax margin of 29% and a return on tangible common equity (ROTCE) of 21% [9][21] Business Line Data and Key Metrics Changes - Security Services reported total revenue of $2.1 billion, up 1% year-over-year, with investment services fees increasing by 8% [25] - Market and Wealth Services generated $1.5 billion in revenue, a 3% increase year-over-year, with investment services fees up 7% [28] - Investment and Wealth Management reported total revenue of $846 million, up 2% year-over-year, with assets under management increasing by 6% [30][31] Market Data and Key Metrics Changes - Firm-wide assets under custody and administration were $48.8 trillion, up 5% year-over-year, while assets under management reached $2 trillion, up 6% [19] - Foreign exchange revenue declined by 14% due to lower market volatility [19][27] - Net interest income decreased by 8% year-over-year, primarily due to changes in deposit composition [20][23] Company Strategy and Development Direction - The company is focused on three strategic pillars: enhancing client services, improving operational efficiency, and fostering a strong corporate culture [10][18] - BNY Mellon is investing in AI technologies to enhance processing capacity and improve client solutions [16][57] - The firm aims to deliver integrated solutions across its business lines, exemplified by recent partnerships and product innovations [12][67] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, citing growth in equity and credit markets despite geopolitical risks [6][7] - The transformation of the company is viewed as a multi-year endeavor, with early signs of progress noted in Q1 2024 [18][34] - The company expects to return 100% or more of 2024 earnings to shareholders through dividends and buybacks [35] Other Important Information - The company has authorized a new $6 billion share repurchase program [10] - The adoption of new accounting guidance for renewable energy investments resulted in a $50 million increase in investment and other revenue [19][20] Q&A Session Summary Question: What are the firm's organic growth rate aspirations for the next couple of years? - Management is focused on generating positive operating leverage and driving growth through various investments, with a positive start to the year noted [38] Question: Can you help size what is transitory versus recurrent in Clearance and Collateral Management? - Management indicated that the recent activity in Clearance and Collateral Management is largely sustainable, driven by strong trading volumes in the US Treasury market [41][42] Question: What are the drivers of RWA growth in Q1? - RWA growth was attributed to temporary increases related to overdrafts and strong demand for agency securities lending [46] Question: How should we think about the cadence of buybacks? - Management reiterated the commitment to return 100% or more of earnings, but cautioned that the pace may vary based on market conditions [47] Question: How is AI expected to impact the expense ratio? - Management believes the significant benefits from AI will materialize beyond 2024, focusing on streamlining processes and enhancing productivity [53][57]

Key TakeawaysThe Bank of New York Mellon reported earnings and revenue that exceeded forecasts on higher investment services fees.The oldest U.S. bank's total fees and other revenue jumped 6% in the first quarter from a year ago.BNY Mellon announced an additional $6 billion stock buyback program. 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. The bank founded by Alexander Hamilt ...