Bank of New York Mellon Corp (BK.xnys)

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Bank of New York Mellon Corp (BK.xnys) Profile

Bank of New York Mellon Corp (BK.xnys) is an investment banking services holding company headquartered in New York, America. BNY Mellon is the world’s largest custodian bank and asset servicing company with $2.3T (USD) in assets under management and $45.0TT (USD) in assets under custody and/or administration as of the 2nd quarter of 2021. The company provides a range of financial products and services in the U.S and globally to 35 countries with approximately 48,200 employees. BNY Mellon stock (BK.xnys) is listed on the New York Stock Exchange (NYSE), had a market capitalisation of $47.33 (USD) as of December 2021, and a $15.8B (USD) in 2020 yearly revenue. BNY Mellon is Pershing LLC’s parent company, which handles securities services, including execution, settlement, clearing, and back-office support to financial advisors. BNY Mellon is one of the three oldest operations in the U.S, managing and servicing the investments of institutions and high-net-worth individuals. The bank’s clients include 80% of Fortune 500 companies, and it is considered a systemically important bank by the Financial Stability Board.

Holding cost
Trading hours in US Eastern Time

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 7059

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