Bank of New York Mellon Corp (BUE:BK)
ARS 31474 91.5 (0.29%) Market Cap: 38.57 Til Enterprise Value: -47.73 Til PE Ratio: 14.25 PB Ratio: 1.21 GF Score: 58/100

Bank of New York Mellon Corp at Goldman Sachs U.S. Financial Services Conference Transcript

Dec 11, 2019 / 04:30PM GMT
Release Date Price: ARS241.9
Alexander Blostein
Goldman Sachs Group Inc., Research Division - Lead Capital Markets Analyst

Okay. Great. We're going to get started here. Next, I'd like to welcome Todd Gibbons, interim CEO of BNY Mellon; and Mike Santomassimo, the company's CFO.

Over the course of 2019, management continued to sharpen its focus on some of the faster growth areas within Asset Servicing, delivering a more holistic approach to technology and maintaining strong position clearing services. While interest rates have obviously been challenging, BK's solid expense management in 2019 in accelerating share repurchases, definitely helped mute some of those top line issues on earnings.

Today, we'll focus on some of the growth initiatives into 2020. I get an update from your guys' priorities as we're about to head into new year. So thank you for being here. Welcome.

Thomas P. Gibbons;Alexander Blostein
The Bank of New York Mellon Corporation - Interim CEO & Director;Goldman Sachs Group Inc., Research Division -

Thank you, Alex.

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot