Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Bank of New York Mellon's share price for the quarter that ended in Dec. 2023 was $52.05. Bank of New York Mellon's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 759 Mil. Therefore, Bank of New York Mellon's market cap for the quarter that ended in Dec. 2023 was $39,524 Mil.
Bank of New York Mellon's quarterly market cap
declined
from Jun. 2023 ($34,671 Mil) to Sep. 2023 ($32,801 Mil) but then
increased
from Sep. 2023 ($32,801 Mil) to Dec. 2023 ($39,524 Mil).
Bank of New York Mellon's annual market cap
declined
from Dec. 2021 ($46,705 Mil) to Dec. 2022 ($36,800 Mil) but then
increased
from Dec. 2022 ($36,800 Mil) to Dec. 2023 ($39,524 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Bank of New York Mellon's Enterprise Value for Today is $-54,564 Mil.
Bank of New York Mellon Market Cap Historical Data
The historical data trend for Bank of New York Mellon's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Bank of New York Mellon's Market Cap
For the Asset Management subindustry, Bank of New York Mellon's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank of New York Mellon's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Bank of New York Mellon's Market Cap distribution charts can be found below:
* The bar in red indicates where Bank of New York Mellon's Market Cap falls into.
Bank of New York Mellon Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Bank of New York Mellon's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bank of New York Mellon (NYSE:BK) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Bank of New York Mellon Market Cap Related Terms
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Bank of New York Mellon (Bank of New York Mellon) Business Description
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $44.3 trillion in under custody and administration (as of Dec. 31, 2022), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $1.8 trillion in assets.
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