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BK Q1 FY12/24 Earnings Review

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BK Q1 FY12/24 Earnings Review
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By Yimin Xu, May 10, 2024

A very quick business overview of BNY Mellon

BNY Mellon is the world’s largest custodian bank, overseeing nearly $50 trillion in assets. It also operates as an investment manager. Essentially, BNY Mellon offers all kinds of financial services to governments, institutions, and private clients.

There are three business segments: Security Services, Market and Wealth Services, and Investment and Wealth Management. Security Services include asset servicing and issuer services. Market & Wealth Services cover treasury services and clearance and collateral management. Finally, Investment and Wealth Management behave like traditional asset managers for institutional and private clients.

Inside the Wall Street pecking order, BNY Mellon is not known for its investment banking or sales & trading prowess. It acts more like a (large) price taker than a price maker in financial markets.