How Does Bank of New York Mellon Corp Sit in Its SEC Industry Classification?
Bank of New York Mellon Corp files under SEC standard industrial classification 6022, State Commercial Banks. Among the 52 companies Swoopr covers under SIC 6022, its latest reported revenue of $20.1 billion ranks 1st. The comparison uses each company's own latest fiscal year, which can differ by up to a year across the group.
| Measure | Bank of New York Mellon Corp (FY2025) | Peer reference |
|---|---|---|
| Revenue | $20.1 billion | 1st of 52 |
| Revenue growth | +7.8% | -2.2% (median of 5 peers with a quarter to four times its revenue) |
Companies of similar size in the same classification: STATE STREET CORP ($13.9 billion), FIRST CITIZENS BANCSHARES INC /DE/ ($9.5 billion), CITIZENS FINANCIAL GROUP INC/RI ($8.2 billion), NORTHERN TRUST CORP ($8.1 billion), Ally Financial Inc. ($7.9 billion).
A classification code groups companies by how they describe their main business to the SEC, so two companies with the same code can still differ in customers, geography and cost structure. Treat the comparison as a starting point for the questions below.
Where value can be captured
The banking value chain starts with funding - deposits, wholesale borrowing, and equity capital - then moves through underwriting, servicing, payments, custody, and capital-markets functions. Value is captured through spreads, fees, risk selection, distribution, and scale.
For BNY Mellon, name suppliers, channels, customers and infrastructure dependencies only when a reliable source establishes the relationship. The goal is to show where the company sits, what it depends on, and where bargaining power resides.
Industry drivers
- Loan Growth: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Deposit Growth And Mix: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Net Interest Margin: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Deposit Pricing And Beta: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Fee Activity: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Credit Demand: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Credit Losses: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Capital Deployment: connect this driver to a disclosed KPI and to the financial statement line it influences.
Macro connections
- Federal Reserve Policy: document the transmission mechanism rather than assuming correlation.
- Yield Curve: document the transmission mechanism rather than assuming correlation.
- Unemployment: document the transmission mechanism rather than assuming correlation.
- Credit Spreads: document the transmission mechanism rather than assuming correlation.
- Loan Demand: document the transmission mechanism rather than assuming correlation.
- Housing And Commercial Real Estate: document the transmission mechanism rather than assuming correlation.
Peer map
A starting peer group from the current S&P 500 classification is Ameriprise Financial, Apollo Global Management, Ares Management, BlackRock, Blackstone Inc., Franklin Resources. Some may be adjacent rather than direct competitors. The latest BNY Mellon filing and credible industry sources should refine the map.
Questions for the supply-chain map
- Which inputs are scarce, concentrated, regulated, or difficult to substitute?
- Which layer has the highest switching costs?
- Where can capacity expand quickly, and where does it take years?
- Which participants bear inventory, credit, commodity, or utilization risk?
- Is BNY Mellon's advantage located in intellectual property, physical assets, licenses, distribution, brand, data, or customer integration?
- Which dependency could become a bottleneck under stress?
References
The evergreen analysis above is anchored to verified index metadata and a filing-first research workflow. Time-sensitive financial figures are refreshed from the latest primary filings.
- S&P Dow Jones Indices: S&P 500
- SEC EDGAR company filings for BNY Mellon
- SEC submissions JSON for CIK 1390777
Source-review rule: Check any statement about current revenue, margins, management, products, segment mix, guidance, market share or capital allocation against the latest 10-K, 10-Q, 8-K, proxy statement, earnings release or official investor-relations material before relying on it.