Bank of New York Mellon (BSP:BONY34) Credit Losses Provision : R$585 Mil (As of Mar. 2024)

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What is Bank of New York Mellon Credit Losses Provision?

Bank of New York Mellon's credit losses provision for the three months ended in Mar. 2024 was R$134 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was R$585 Mil.

Bank of New York Mellon's quarterly credit losses provision increased from Sep. 2023 (R$15 Mil) to Dec. 2023 (R$412 Mil) but then declined from Dec. 2023 (R$412 Mil) to Mar. 2024 (R$134 Mil).

Bank of New York Mellon's annual credit losses provision increased from Dec. 2021 (R$-1,306 Mil) to Dec. 2022 (R$205 Mil) and increased from Dec. 2022 (R$205 Mil) to Dec. 2023 (R$583 Mil).

Bank of New York Mellon Credit Losses Provision Historical Data

The historical data trend for Bank of New York Mellon's Credit Losses Provision 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.

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Bank of New York Mellon Credit Losses Provision Chart

Bank of New York Mellon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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-102.61

1,728.62

-1,306.28

204.57

583.08

Bank of New York Mellon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															140.63	24.27	14.82	411.58	134.46

Bank of New York Mellon Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$585 Mil.

Bank of New York Mellon (BSP:BONY34) Business Description

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Address

240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellon.com

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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