# Bank of New York Mellon Corporation (BNY) — Stock CV

Bank of New York Mellon Corporation is a $97.4B financial services company. Revenue grew 0.2% over the last year, and it keeps 16¢ of every dollar of sales as profit. It trades at 15.4× earnings — in the most expensive third of its own history.

> Bank of New York Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle.

## Identity

- **Ticker**: BNY
- **Sector**: Financial Services
- **Industry**: State Commercial Banks
- **Headquarters**: NEW YORK, NY
- **Employees**: 46 500
- **Website**: https://www.bny.com
- **Market cap**: $97.4B
- **Last price**: $143.50
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $40.6B
- **Net income**: $6.30B
- **Free cash flow**: $1.59B
- **Net cash**: $16.1B
- **P/E**: 15.4
- **Revenue growth (YoY)**: 0.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 30 |
| Growth | 70 |
| Profitability | 52 |
| Health | 53 |
| Quality | 43 |
| Moat | 28 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +0.2% YoY
- [x] Profitable — $6.30B TTM
- [x] Profit growing — +35.1% YoY
- [x] Generates cash — $1.59B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $97.4B market cap
- [x] Not printing shares — -24.0% shares over ~5y
- [x] Proven track record — 9/9 profitable years
- [ ] Financially stable — Altman Z 0.2 — distress
- [x] Pays a dividend — yield 1.84%
- [x] Valuation not extreme — P/E 15.4

## Experience (career milestones)

- **FY2025** — Best year on record: $5.55B net income
- **2024** — BNY has been included in the Dow Jones Sustainability Indices, recognized by the Human Rights Campaign…
- **FY2023** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 9 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $15.6B in first reported year
- **2009** — BNY Mellon purchased Insight Investment, a management business, from Lloyds Banking Group
- **2003** — Bank of New York acquired Pershing LLC, the stock clearing unit of Credit Suisse First Boston for $2 billion
- **2000** — Ivy Asset Management was acquired in 2000
- **1999** — Mellon Bank Corporation became Mellon Financial Corporation
- **1992** — Mellon acquired 54 branch offices of Philadelphia Savings Fund Society, the first savings bank in the…
- **Jul 20, 1988** — Irving had been headquartered at 1 Wall Street and after the merger, this became the headquarters of the Bank of New…
- **1969** — The bank's holding company was created in 1969
- **1948** — The bank again merged, this time with the Fifth Avenue Bank
- **1922** — The bank merged with the New York Life Insurance and Trust Company

## Strengths

- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 19.7%)

## Watch-outs

- Altman Z-Score 0.17 — elevated financial-distress risk
- Net debt would take ~22.4 years of free cash flow to repay

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $16.2B | $3.76B | $1.62B |
| FY2022 | $20.0B | $2.57B | $13.7B |
| FY2023 | $33.8B | $3.29B | $4.69B |
| FY2024 | $39.9B | $4.53B | -$782M |
| FY2025 | $40.8B | $5.55B | $5.18B |

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Source: https://stockcv.com/BNY — derived from company filings; may be delayed or incomplete. Information, not investment advice.