Daily Stock Analysis – BNY Mellon – Even financial giants grapple with COVID 19 impact.

The Retirement Learning Lab, with Van Richards, ChFC®

Bank of New York Mellon Corporation is like a giant, spinning plates while skating on ice. While that may seem impossible, BNY Mellon is handling the pressure with grace. Service fees generate about 80% of BNY Mellon's revenue. Most of their seven lines of business continue to produce but at a level rate. Hopefully, 2021 may change the economic trends of 2020. That is what I am talking about today on the Daily Stock Analysis.

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References from today's show:

BNY Mellon 2020 Quarterly Financial Highlights (PDF) https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/investor-relations/quarterly-financial-highlights-4q-2020.pdf.coredownload.pdf

BNY Mellon Financial Supplement Fourth Quarter 2020 (PDF) https://www.bnymellon.com/content/dam/bnymellon/documents/pdf/investor-relations/financial-supplement-4q-2020.pdf.coredownload.pdf

Not an official BNY Mellon video. For educational purposes only. Not an offer to buy or sell any stock or an offer of advice.

There are limits to the information provided. At the end of the video, please read the disclosure. Or at the end of the podcast, please listen to the disclosure for Richards Financial Planning, LLC.