Business Context and Reporting Period
Company: The Bank of New York Mellon Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: October 20, 2009
Reporting Period: Third Quarter 2009
This filing announces the release of the Registrant's results of operations for the third quarter of 2009, communicated via a conference call and webcast on October 20, 2009.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the "Quarterly Earnings Review" (Exhibit 99.1) and "Financial Trends" (Exhibit 99.2), which are furnished with this report but not included in the text of the 8-K itself.
Material Changes
The filing does not detail specific material changes in financial condition or operations within the text. It serves as a notification that the third-quarter results and related financial trends have been made available to the public.
Guidance, Outlook, and Management Commentary
- Non-GAAP Measures: Management states that the furnished exhibits contain "non-GAAP financial measures" which they believe are useful for analyzing ongoing operations and facilitating comparisons with prior periods.
- Management Rationale: These measures reflect the principal basis on which management monitors performance and allow investors to evaluate the impact of revenues from both taxable and tax-exempt sources.
- Legal Status of Exhibits: The exhibits are "furnished" pursuant to General Instruction B.2 of Form 8-K and are not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. Consequently, they are not incorporated by reference into other filings.
Investor Verification Checklist
- Review Exhibit 99.1 (Quarterly Earnings Review) for specific third-quarter 2009 revenue, net income, and earnings per share figures.
- Review Exhibit 99.2 (Financial Trends) for detailed liquidity, capital adequacy, and non-GAAP metric reconciliations.
- Verify the reconciliation between GAAP and non-GAAP measures provided in the exhibits to understand the impact of tax-exempt revenues.
- Note that the data in the exhibits is not legally "filed" under Section 18 liability standards, though it is furnished for investor information.