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Bank of New York Mellon Corporation ( (BK) ) has issued an update.
On January 15, 2025, BNY reported its financial results for the fourth quarter and full-year 2024, showcasing a strong performance with a net income of $4.3 billion and revenue of $18.6 billion for the year. The company also achieved a return on tangible common equity of 23% and returned $4.4 billion of capital to shareholders. BNY’s strategic transformation included launching new products, completing a brand refresh, acquiring a new company, and transitioning to a strategic platforms model, which strengthens its industry position and stakeholder value.
More about Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation (BNY) operates in the financial services industry, offering a wide range of investment management and investment services. It is primarily focused on providing asset and wealth management services, as well as servicing financial institutions, corporations, and public entities worldwide.
YTD Price Performance: -1.90%
Average Trading Volume: 3,628,950
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $55.21B
For an in-depth examination of BK stock, go to TipRanks’ Stock Analysis page.
