Financial Data and Key Metrics Changes - The company reported earnings per share (EPS) for the full year of $2.90, down 30% compared to the prior year, with a return on tangible common equity of 13% [4] - Excluding notable items, EPS was $4.59, up 8% year-over-year, and return on tangible common equity was 21% [4][21] - Total revenue for Q4 was $3.9 billion, down 2% on a reported basis but up 9% excluding notable items [17] - For the full year, total revenue grew by 3% on a reported basis and by 6% excluding notable items [20] Business Line Data and Key Metrics Changes - In Asset Servicing, total revenue was $2.2 billion, up 18% year-over-year, with net interest revenue increasing by 79% due to higher interest rates [24] - Market and Wealth Services reported total revenue of $1.4 billion, up 19%, with investment services fees up 22% in Pershing [25] - Investment and Wealth Management reported total revenue of $825 million, down 19%, with assets under management declining by 25% year-over-year [27] Market Data and Key Metrics Changes - Firm-wide assets under custody and/or administration were $44.3 trillion, a decline of 5% due to lower market values and currency translation [18] - Assets under management decreased to $1.8 trillion, reflecting lower market values and the unfavorable impact of a stronger U.S. dollar [18][27] Company Strategy and Development Direction - The company aims to improve revenue growth and efficiency, focusing on expense discipline and profitable new business growth [12][14] - Long-term growth initiatives include digital assets, real-time payments, and the reimagining of custody and collateral [9][10] - A new $5 billion share repurchase program has been authorized, indicating a commitment to returning capital to shareholders [15][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2022 but expressed optimism about the company's ability to achieve positive underlying growth in 2023 [12][14] - The company expects net interest revenue to increase by approximately 20% year-over-year, assuming current market-implied interest rates [29] - Management is focused on bending the cost curve and achieving nearly double the efficiency savings compared to previous years [13][30] Other Important Information - The company experienced a 5% growth in net new assets in its wealth management segment, despite a challenging environment [8] - The operational readiness of the company's systems and personnel was highlighted as a key strength during turbulent market conditions [11] Q&A Session Summary Question: NII expectations and drivers - Management indicated that the NIR outlook is based on forward curves, expecting another 50 basis points of hikes in the first quarter [36] Question: AOCI accretion timeline - The company expects to recover approximately 50% of the $2.5 billion unrealized loss in the AFS portfolio over 15 to 18 months [39] Question: Fixed income market outlook and fee dynamics - Management noted that strength in the fixed income market would benefit the investment management business, with various opportunities across their franchise [42][43] Question: Resilience in a recession scenario - The company highlighted its diversified portfolio, which includes higher growth, higher margin businesses that contribute to stability in different market conditions [50] Question: Growth initiatives and revenue contribution - Management discussed ongoing investments in initiatives like Pershing X and digital payments, emphasizing both near-term and medium-term growth opportunities [52] Question: Deposit trends and drivers - Management expects average deposits to decline modestly, primarily from noninterest-bearing deposits reverting to historical averages [57] Question: Efficiency gains in Securities Services - Management is committed to achieving a 30%-plus margin over the medium term, with a focus on revenue growth and efficiency initiatives [66]

The Bank of New York Mellon Corporation (NYSE:BK) Q3 2022 Results Conference Call October 17, 2022 8:00 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President & Chief Executive Officer Emily Portney - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Mike Brown - KBW Steven Chubak - Wolfe Research Ryan Kenny - Morgan Stanley Alex Blostein - Goldman Sachs Mike Mayo - Wells Fargo Securities Brennan Hawken - UBS Brian Bedell - Deutsche Bank Gerard ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 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 organization) (I.R.S. Employer Identification No.) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 240 Greenwich Street New York, New York 10286 (Address of principal executive offices) (Zip ...

The Bank of New York Mellon Corporation (NYSE:BK) Q2 2022 Earnings Conference Call July 15, 2022 8:00 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President & Chief Executive Officer-Elect Emily Portney - Chief Financial Officer Todd Gibbons - Chief Executive Officer Conference Call Participants Jim Mitchell - Seaport Global Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Ken Usdin - Jefferies Mike Mayo - Wells Fargo Brennan Hawken - UBS Rob Wildhack - Autonomous Res ...

The Bank of New York Mellon Corporation (NYSE:BK) Q1 2022 Earnings Conference Call April 18, 2022 8:00 AM ET Company Participants Marius Merz - Head, Investor Relations Todd Gibbons - Chief Executive Officer Robin Vince - President and Chief Executive Officer Elect Emily Portney - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Mike Mayo - Wells Fargo Ken Usdin - Jefferies Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Ryan Kenny - Morgan Stanley Brian Bedell - Deutsc ...