Business Context and Reporting Period
Company: The Bank of New York Mellon Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: July 22, 2009
Reporting Period: Second Quarter 2009
This filing announces the release of the Registrant's results of operations for the second quarter of 2009. On July 22, 2009, the company conducted a conference call and webcast regarding these results. Detailed financial information is provided in the attached exhibits rather than within the body of the 8-K.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, and Liquidity: 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 filed as part of the 8-K text itself.
Material Changes
The filing does not explicitly detail material changes versus the prior comparable period within the text. It directs investors to the furnished exhibits for a comparison of financial results and trends.
Guidance, Outlook, and Management Commentary
- Non-GAAP Measures: Management states that the furnished exhibits contain "non-GAAP financial measures." These are considered useful for analyzing ongoing operations, facilitating comparisons with prior periods, and reflecting the basis on which management monitors performance.
- Investor Evaluation: Management believes this presentation allows investors to better 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.
Important Facts for Investor Verification
- Verify the specific financial results (revenue, earnings, etc.) by reviewing Exhibit 99.1 (Quarterly Earnings Review) and Exhibit 99.2 (Financial Trends), as the 8-K text contains no numerical data.
- Note that the financial data in the exhibits is furnished and not legally "filed" under Section 18 of the Exchange Act, which may affect liability protections.
- Confirm the reconciliation of non-GAAP measures to GAAP measures within the furnished exhibits to understand the adjustments made by management.
- Review the conference call transcript (if available separately) for qualitative commentary on the second quarter performance.