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Overall, BNY Mellon’s revenues are estimated to touch $17.52 billion in FY2023. Additionally, the adjusted net income margin is likely to improve in the year, leading to an annual GAAP EPS of $4.80.
BNY Mellon will now be BNY. The Mellon name will fade out of the bank's future marketing, its company letterhead, and even the bank's lobby on Grant Street in the coming days.
BNY Mellon Pershing will become BNY Pershing, according to a release. BNY is one the world’s largest banks with $50 trillion in assets on behalf of clients in more than 100 markets.
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