Largest Custody Banks Saw Negligible Growth In Their Asset Bases Over Q2 [Forbes]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Forbes
Bank of New York Mellon Corp. headquarters in New York City. (Photo by Mario Tama/Getty Images) The total size of assets under custody and administration (AUC/A) for the four largest custody banks in the world remained largely unchanged over the second quarter of this year. Although each of these banks secured new mandates over the period, their combined custody asset base remained level at $114.2 trillion primarily due to the negative impact of a strengthening U.S. dollar on their overseas custody assets. This also nullified gains from upbeat asset valuations on the asset base over the quarter. That said, total AUC/A for the custody banking giants increased by more than 7% year-on-year, with market leader BNY Mellon reporting a growth rate of 8%, while second-ranked State Street saw its asset base increase by a slower 6% y-o-y. Details about the impact of changes in custody assets on the banks’ valuations are available in our i
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/18/24 - Form 144
- 4/18/24 - Form NPORT-P
- 4/18/24 - Form NPORT-P
- BK's page on the SEC website