With over $62 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, the firm's scale and client stickiness have helped generate double-digit returns on tangible equity.
BNY may not be done with expense control, and expenses may last longer than expected.
Fee compression and lower margins in asset management will result in asset managers being more conscious of their costs and lead to pricing pressure, which has eased up in recent years.
|
Metric
|
BNY
|
NTRS
|
STT
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.95 | 17.95 | 15.87 |
Price/Book Value | 2.80 | 2.73 | 2.16 |
Price/Sales | 5.50 | 4.11 | 3.67 |
Price/Cash Flow | 14.53 | 13.55 | 11.55 |
|
Metric
|
BNY
|
NTRS
|
STT
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
BNY
|
NTRS
|
STT
|
|---|---|---|---|
Return on Assets (Normalized) | 1.22% | 1.08% | 0.93% |
Return on Equity (Normalized) | 15.53% | 15.53% | 14.85% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States