Bank of New York Mellon Corp Q2 2020 Earnings Call Summary - Thomson StreetEvents

Bank of New York Mellon Corp Q2 2020 Earnings Call Summary

Bank of New York Mellon Corp Q2 2020 Earnings Call Summary - Thomson StreetEvents
Bank of New York Mellon Corp Q2 2020 Earnings Call Summary
Published Jul 15, 2020
24 pages (14135 words) — Published Jul 15, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of BK.N earnings conference call or presentation 15-Jul-20 12:00pm GMT

  
Brief Excerpt:

...A. Overview: Volumes and volatility normalized somewhat across businesses from extreme 1Q disruption. 1. 2. Conversations with clients shifted from dealing with crisis to how Co. can support help their business in this new environment. 3. Much uncertainty remains over timing and shape of global economic recovery. 4. Low interest rate policy is a significant headwind for Co. that is unlikely to change in near term. 5. Operationally: a. Continued to navigate repercussions of pandemic. b. Around 95% of employees continue to work remotely, doing phenomenal job delivering excellent service to clients. c. Operating platforms and infrastructures are supporting current market working model well, with record volumes in certain areas. d. All aforementioned have put Co. in a good position as it discusses new business opportunities with clients. B. Highlights: Solid pre-tax income $1.2b. 1. 2. EPS $1.01. 3. Did not buy back shares, in line with other big banks. 4. Accreted capital. 2Q20-end Common...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Bank of New York Mellon Corp
Ticker
BK.N
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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Bank of New York Mellon Corp at Barclays Global Financials New York Conference (Virtual) Transcript – 2020-09-15 – US$ 54.00 – Edited Transcript of BK.N presentation 15-Sep-20 11:30am GMT

Bank of New York Mellon Corp Q2 2020 Earnings Call Transcript – 2020-07-15 – US$ 54.00 – Edited Transcript of BK.N earnings conference call or presentation 15-Jul-20 12:00pm GMT

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MLA:
Thomson StreetEvents. "Bank of New York Mellon Corp Q2 2020 Earnings Call Summary" Jul 15, 2020. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2020-Bank-of-New-York-Mellon-Corp-Earnings-Call-B13201072>
  
APA:
Thomson StreetEvents. (2020). Bank of New York Mellon Corp Q2 2020 Earnings Call Summary Jul 15, 2020. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2020-Bank-of-New-York-Mellon-Corp-Earnings-Call-B13201072>
  
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