The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $17.5 billion
Based in NEW YORK, New York, Bank of New York Mellon Corp operates in the FINANCE sector.
The Consolidated Income Statement of The Bank of New York Mellon Corporation for the 12 months ended December 31 for the years 2021, 2022, and 2023, reflects the following financial figures:
Fee and Other Revenue:
- Total fee revenue for 2023: $12,872 million
- Total fee revenue for 2022: $12,955 million
- Total fee revenue for 2021: $12,977 million
Net Interest Revenue:
- Total interest revenue for 2023: $20,648 million
- Total interest revenue for 2022: $7,118 million
- Total interest revenue for 2021: $2,845 million
Total Revenue:
- Total revenue for 2023: $17,502 million
- Total revenue for 2022: $16,377 million
- Total revenue for 2021: $15,931 million
Provision for Credit Losses:
- Provision for credit losses for 2023: $119 million
- Provision for credit losses for 2022: $39 million
- Provision for credit losses for 2021: ($231 million)
Noninterest Expense:
- Total noninterest expense for 2023: $13,295 million
- Total noninterest expense for 2022: $13,010 million
- Total noninterest expense for 2021: $11,514 million
Income:
- Net income for 2023: $3,288 million
- Net income for 2022: $2,560 million
- Net income for 2021: $3,771 million
Earnings per Share (USD per share):
- Basic earnings per share for 2023: $3.89
- Basic earnings per share for 2022: $2.91
- Basic earnings per share for 2021: $4.17
- Diluted earnings per share for 2023: $3.87
- Diluted earnings per share for 2022: $2.90
- Diluted earnings per share for 2021: $4.14
The Bank of New York Mellon Corporation experienced fluctuations in its financial performance comparing the 2023 results with those of 2022 and 2021. While revenue increased steadily over the three years, net income fluctuated. Earnings per share also showed variability, indicating changes in profitability and shareholder value. The Bank will need to focus on managing expenses and credit losses to ensure sustained growth and profitability in the future.
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