Bank of New York Mellon

NYSE BK

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Bank of New York Mellon Price to Sales Ratio (P/S) on June 03, 2024: 1.62

Bank of New York Mellon Price to Sales Ratio (P/S) is 1.62 on June 03, 2024, a -21.77% change year over year. The price to sales ratio compares the market price per share of a company's stock to its sales revenue per share. It is calculated by dividing the market capitalization by the revenue, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's sales revenue. A higher ratio suggests that investors are willing to pay a higher price for each unit of sales revenue, indicating positive market sentiment and expectations for future revenue growth.

Bank of New York Mellon 52-week high Price to Sales Ratio (P/S) is 2.60 on January 30, 2024, which is 60.28% above the current Price to Sales Ratio (P/S).
Bank of New York Mellon 52-week low Price to Sales Ratio (P/S) is 1.50 on April 17, 2024, which is -7.83% below the current Price to Sales Ratio (P/S).
Bank of New York Mellon average Price to Sales Ratio (P/S) for the last 52 weeks is 2.07.

NYSE: BK

Bank of New York Mellon

CEO	Mr. Robin Antony Vince
IPO Date	May 3, 1973
Location	United States
Headquarters	240 Greenwich Street, New York, NY, United States, 10286
Employees	52,100
Sector	Financial Services
Industry	Asset management

Description

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, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

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