Company: BK-PK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001390777-25-000084
Chunk: 13

Company: Bank of New York Mellon Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 13
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Review of business segments

We have an internal information system that produces performance data along product and service lines for our three principal business segments: Securities Services, Market and Wealth Services and Investment and Wealth Management, and the Other segment. 

Business segment accounting principles

Our business segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles (“GAAP”) used for consolidated financial reporting.  These measurement principles are designed so that reported results of the businesses will track their economic performance. 

Our business segments are consistent with the structure used by the President and Chief Executive Officer, our Chief Operating Decision Maker (“CODM”), to make key operating decisions and assess performance.  Our CODM evaluates the business segments’ operating performance primarily based on fee and other revenue, total revenue, income before income taxes, and pre-tax operating margin.  The significant expense information regularly provided to and reviewed by the CODM is total noninterest expense.  The CODM considers this information when evaluating the performance of each business segment and making decisions about allocating capital and other resources to each business segment.