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Bank of New York Mellon Corp BK

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Morningstar’s Analysis

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No Big Surprises for BNY Mellon's Third Quarter; Net Interest Revenue Continues to Face Headwinds

Rajiv Bhatia Equity Analyst

Analyst Note

| Rajiv Bhatia |

While wide-moat BNY Mellon reported third-quarter revenue and earnings that were a tad bit ahead of expectations, there was little that would alter our long-term view of the firm and, as a result, we are maintaining our fair value estimate of $40 per share. 

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Company Profile

Business Description

BNY Mellon is a global investment company involved in the management and servicing of financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors, and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with over $37 trillion in under custody and administration (as of June 30, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investment.

240 Greenwich Street
New York, NY, 10286
T +1 212 495-1784
Sector Financial Services
Industry Asset Management
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 48,300