The Bank of New York Mellon Corporation

The Bank of New York Mellon Corporationverified

BK

Price:

$66.41

Market Cap:

$49.01B

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers an...[Read more]

Industry

Asset Management

IPO Date

1973-05-03

Stock Exchange

NYSE

Ticker

BK

The Current Ratio as of September 2024 (TTM) for The Bank of New York Mellon Corporation (BK) is 1.92

According to The Bank of New York Mellon Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.92. This represents a change of -39.61% compared to the average of 3.18 of the last 4 quarters.

The Bank of New York Mellon Corporation (BK) Historical Current Ratio (quarterly & annually)

How has BK Current Ratio performed in the past?

The mean historical Current Ratio of The Bank of New York Mellon Corporation over the last ten years is 7.18. The current 1.92 Current Ratio has changed 2.57% with respect to the historical average. Over the past ten years (40 quarters), BK's Current Ratio was at its highest in in the September 2018 quarter at 102.54. The Current Ratio was at its lowest in in the June 2019 quarter at 0.70.

Quarterly (TTM)
Annual

Average

7.18

Median

7.05

Minimum

1.73

Maximum

10.49

The Bank of New York Mellon Corporation (BK) Current Ratio by Quarter and Year

Discovering the peaks and valleys of The Bank of New York Mellon Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.29%

Maximum Annual Current Ratio = 10.49

Minimum Annual Increase = -74.80%

Minimum Annual Current Ratio = 1.73

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.73-74.80%
20226.87-0.02%
20216.87-23.48%
20208.9717.79%
20197.627.47%
20187.091.06%
20177.0122.29%
20165.74-39.13%
20159.42-10.12%
201410.49-26.70%

The Bank of New York Mellon Corporation (BK) Average Current Ratio

How has BK Current Ratio performed in the past?

The current Current Ratio of The Bank of New York Mellon Corporation (BK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.15

5-year avg

6.41

10-year avg

7.18

The Bank of New York Mellon Corporation (BK) Current Ratio vs. Peers

How is BK’s Current Ratio compared to its peers?

The Bank of New York Mellon Corporation’s Current Ratio is greater than Northern Trust Corporation (1.75), greater than Invesco Ltd. (1.88), less than Franklin Resources, Inc. (3.48), less than T. Rowe Price Group, Inc. (9.35), less than State Street Corporation (2.90), less than SEI Investments Company (6.32), greater than Principal Financial Group, Inc. (0.50), less than Affiliated Managers Group, Inc. (2.34), less than Ameriprise Financial, Inc. (3.00), less than Janus Henderson Group plc (4.05), less than BlackRock, Inc. (15.76), greater than Main Street Capital Corporation (0.03), greater than Blackstone Inc. (0.42), greater than Ares Capital Corporation (0.79),

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