BNY Mellon
-0.05 %
36.62 %
Yet to be announced
Company Overview
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It 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.
Revenue Sources
FailAs a banking institution, BNY Mellon's core business model involves interest-based lending and borrowing, which is considered haram in Islamic finance. The company's primary revenue streams come from traditional banking activities and interest-based operations.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $4.85b | $-5,100,000,000.0 | $1.19b | $-5,100,000,000.0 | 24.63% | 100.00% |
| March 31, 2024 | $4.53b | $5.06b | $1.04b | $5.06b | 22.97% | 100.00% |
Analysis of the last four quarters shows that interest income consistently represents a significant portion of total revenue, averaging over 20% of total revenue. Interest-based activities are fundamental to BNY Mellon's business model as a financial institution.
Operational Ethics
PassWhile BNY Mellon operates globally, research has not revealed any direct material ongoing associations with entities involved in human rights violations that would trigger concerns under this criteria.
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