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The Bank Of New York Mellon Corporation  (BK)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial


The Bank Of New York Mellon's Effective Tax Rate by quarter

Trends, Rankings, Statistics



BK Effective Tax Rate (Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
Y / Y Pre-Tax Income Change 1.66 % -7.52 % 7.37 % -6.03 % -50.44 %
Seq. Pre-Tax Income Change -14.21 % -15.62 % 9.97 % 27.69 % -21.95 %
Pre-Tax Income In Millions $918.00 $1,070.00 $1,268.00 $1,153.00 $903.00
Effective Tax Rate 16.67 % 18.88 % 19.01 % 19.17 % 16.39 %
Effective Tax Rate Total Ranking # 504 # 896 # # 796 # 774
Income taxes expenses / -benefit In Millions $153.00 $202.00 $241.00 $221.00 $148.00
Y / Y Income taxes expenses / -benefit Change 3.38 % -5.16 % 11.57 % -16.6 % -60.32 %
Seq. Income taxes expenses / -benefit Change -24.26 % -16.18 % 9.05 % 49.32 % -30.52 %


Commenting First Quarter 2022 Effective Tax Rate
Company's effective tax rate in I. Quarter decreased compare to previous quarter to 16.67 %, below company's average Effective Tax Rate.

Looking into I. Quarter results within Investment Services industry 15 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 504, from total ranking in previous quarter at 896.

BK's Effective Tax Rate first quarter 2022 Company Ranking
Within: No.
Investment Services Industry # 16
Financial Sector # 133
Overall # 504

BK's Effective Tax Rate Statistics
High Average Low
129.3 % 27.67 % 2.34 %
(March 31, 2013)   (June 30, 2009)




Other Effective Tax Rate Profitability Ratios
BK's Cumulative Effective Tax Rate
Investment Services Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
BK's Effective Tax Rate Profitability versus Investment Services Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for BK's Competitors
Effective Tax Rate Profit Margin for The Bank Of New York Mellon's Suppliers
Effective Tax Rate Profit Margin for BK's Customers

You may also want to know
BK's Annual Growth Rates BK's Profitability Ratios BK's Asset Turnover Ratio BK's Dividend Growth
BK's Roe BK's Valuation Ratios BK's Financial Strength Ratios BK's Income taxes expenses / -benefit Growth
BK's Roa BK's Inventory Turnover Ratio BK's Growth Rates BK's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Mar 31 2022, within Investment Services Industry Effective Tax RateMar 31 2022 MRQ Income taxes expenses / -benefitMar 31 2022 MRQ Pre-Tax Income
Hamilton Lane Incorporated  35.01 %$ 33.998 $ 97.118 
Bgc Partners Inc   32.31 %$ 14.657 $ 45.358 
Oppenheimer Holdings Inc   31.20 %$ 4.435 $ 14.213 
Piper Sandler Companies  30.81 %$ 10.979 $ 35.637 
Pzena Investment Management Inc   30.80 %$ 8.225 $ 26.707 
Virtus Investment Partners Inc   29.96 %$ 16.735 $ 55.854 
Brightsphereinvestment Group Inc   28.74 %$ 9.600 $ 33.400 
Focus Financial Partners Inc   28.55 %$ 15.617 $ 54.699 
Marketaxess Holdings Inc   28.37 %$ 25.650 $ 90.419 
Houlihan Lokey Inc.  28.13 %$ 25.515 $ 90.688 
Janus Henderson Group Plc  28.01 %$ 22.800 $ 81.400 
Diamond Hill Investment Group Inc  27.92 %$ 3.206 $ 11.481 
Stonex Group Inc   26.77 %$ 23.400 $ 87.400 
Hennessy Advisors Inc   26.65 %$ 0.582 $ 2.184 
Invesco Ltd   25.85 %$ 82.800 $ 320.300 
Raymond James Financial Inc   25.40 %$ 110.000 $ 433.000 
Federated Hermes Inc   24.39 %$ 17.611 $ 72.208 
Assetmark Financial Holdings Inc   24.36 %$ 7.154 $ 29.373 
Lazard Ltd  24.26 %$ 38.753 $ 159.728 
Price T Rowe Group Inc  24.23 %$ 164.500 $ 678.900 
Schwab Charles Corp  23.76 %$ 437.000 $ 1,839.000 
Stifel Financial Corp  23.58 %$ 53.560 $ 227.109 
Sei Investments Company  23.07 %$ 57.059 $ 247.367 
Franklin Resources Inc   22.97 %$ 107.100 $ 466.200 
Lpl Financial Holdings Inc   22.86 %$ 39.635 $ 173.379 
Gamco Investors Inc Et Al  22.60 %$ 5.097 $ 22.551 
Cme Group Inc   22.41 %$ 205.300 $ 916.300 
Jefferies Group Llc  21.92 %$ 95.751 $ 436.894 
Victory Capital Holdings Inc   21.28 %$ 19.271 $ 90.544 
Affiliated Managers Group inc   20.30 %$ 55.700 $ 274.400 


       
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