Top BNY Mellon Competitors & Similar Companies
The Bank of New York Mellon or simply BNY Mellon is an American BFS (Banking and Services) holding company, which was formed in the year 2007 by merging the Bank of New York with Mellon Financial Corporation. After the merger, the holding company has become one of the largest custodian banks and services companies in the world. The total revenue of BNY Mellon is approx $15 billion, and net income is approximately $3 billion.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Quick Glance:
Below we look at the top 8 competitors of BNY Mellon.
1. Bank of America:
Bank of America is a banking institution and financial services provider around the globe. It was set up as Bank of Italy in 1904 by Amadeu Gianni. It has grown multifold over the las hundred and twelve years to become one of the leading banks in the United States.
2. JP Morgan Chase:
JP Morgan Chase is a multinational financial and banking service provider. It is one of the oldest financial institutions in the US and is headquartered in New York City. With assets of $2.4 trillion JP Morgan Chase is largest bank in the United States and the sixth largest bank in the world by total assets.
3. Citibank:
Citigroup Inc or Citi was founded in the year 1812 by merging two big giants Citicorp and Travelers group and is headquartered in Manhattan, New York city. Citibank mainly deals with investment banking and financial services. Citibank have one of the largest financial services network ranging over 160 countries with around 17,000 office worldwide and over 200 million accounts in 160 countries.
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4. Goldman Sachs:
A leading American investment banking firm Goldman Sachs was founded in 1869 by Marcus Goldman and Samuel Sachs. The company has its headquarters in New York, United States. It’s a global investment bank and a security and investment management firm which deals with diverse range of financial services for individual and institutional clients.
5. UBS:
UBS is a global financial company headquartered in Zurich, Switzerland. UBS offers several financial management services like retail banking, commercial banking, investment banking, wealth management etc. It was founded in the year 1862 and it has around 60,000 employees globally.
6. Deutsche Bank:
Deutsche Bank was established on 22 January,1870 by Adelbert Delbruck though it got banking licence on 10 March,1870. In 2000, Deutsche Bank was the largest foreign exchange dealer in the world. The main objective of the Deutsche Bank was to promote and facilitate trade relations between Germany and other European nations. It was also a part of STOXX Europe 50 stock market index.
7. Aviva:
AVIVA traces its origin to Norwich Union, a UK based insurance firm established in 1797. The company thus has rich background in insurance domain. It was formed by merger of Norwich Union and CGU plc.
8. HSBC:
HSBC is a multinational firm which works in the banking sector. HSBC is of British origin and was setup in its present form in the year 1991. The Hongkong and Shanghai Banking Corporation has its main functioning area in Hongkong and a little less work in the Shanghai.
To conclude, the above article highlights the various competitors which compete with BNY Mellon. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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