Bank of New York Mellon Corp (MIL:1BK)
€ 76.65 0 (0%) Market Cap: 56.36 Bil Enterprise Value: -16.96 Bil PE Ratio: 17.80 PB Ratio: 1.58 GF Score: 53/100

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

Dec 11, 2019 / 04:30PM GMT
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.

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