Major Rating Factors:
Operating profits as a percentage of assets at 1.0%, coupled with a return on assets of 0.8 has resulted in Fair (4.0) profitability. Weak current capitalization (2.7 on a scale of 0 to 10) based on a risk-based capital ratio of 16.4 and a capital leverage ratio of 6.7.
Other Rating Factors:
A current level of 1.2 percent of nonperforming loans to core capital combined with 0.2 percent from a year earlier contributes to the Excellent asset quality (8.4). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.8 on a scale of 0 to 10).
Asset Mix:
Cash (37%), securities (36%), comm re (1%), comm loans (0%), home mtgs (0%), other (25%)
States with Branches:
CA, DC, NJ, NY, PA
Corporate Info
The Bank of New York Mellon Corporation
225 Liberty Street
New York, NY 10286
New York, NY 10286
(212) 495-1784
1784
Largest Affiliates
Pittsburgh, PA
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Bank
Los Angeles, CA
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Bank
Wilmington, DE
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Bank