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 Autonomous Research Boston Financials Summit Transcript

Mar 05, 2020 / 04:15PM GMT
Robert Henry Wildhack
Autonomous Research LLP - Analyst of Payments and Financial Technology

All right. Thank you, everyone, for joining. We have from BNY Mellon CFO, Mike Santomassimo.

Mike, thanks for being here. How are things?

Michael P. Santomassimo
The Bank of New York Mellon Corporation - CFO

Yes. Very good.

Questions & Answers

Robert Henry Wildhack
Autonomous Research LLP - Analyst of Payments and Financial Technology

Great. Look, I think we can jump right in. Last year was a challenging year on the NII side, but somewhat lost in that is the fact that you grew fees by about 3%. No outlook given for fee growth this year. But talk a little bit about the variables that are going to contribute to fee growth in 2020.

Michael P. Santomassimo
The Bank of New York Mellon Corporation - CFO

Yes. Yes. And many of our -- as many of you know, many of our businesses are -- have pretty long sales cycles. And so for businesses like Pershing or Asset

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