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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Fee and other revenue      
Asset servicing fees $ 4,563 $ 4,608 $ 4,383
Clearing services fees 1,648 1,616 1,598
Issuer services fees 1,130 1,099 977
Treasury services fees 559 554 557
Total investment services fees 7,900 7,877 7,515
Investment management and performance fees 3,389 3,647 3,539
Foreign exchange and other trading revenue 654 732 668
Financing-related fees 196 207 216
Distribution and servicing 129 139 160
Investment and other income 968 240 64
Total fee revenue 13,236 12,842 12,162
Net securities (losses) gains — including other-than-temporary impairment (17) (47) 6
Noncredit-related portion of other-than-temporary impairment (recognized in other comprehensive income) 1 1 3
Total net securities (losses) gains (18) (48) 3
Total fee and other revenue 13,218 12,794 12,165
Operations of consolidated investment management funds      
Investment income (loss) 57 (12) 74
Interest of investment management fund note holders 1 1 4
Income (loss) from consolidated investment management funds 56 (13) 70
Net interest revenue      
Interest revenue 7,548 6,432 4,382
Interest expense 4,360 2,821 1,074
Net interest revenue 3,188 3,611 3,308
Total revenue 16,462 16,392 15,543
Provision for credit losses (25) (11) (24)
Noninterest expense      
Staff 6,063 6,145 6,033
Professional, legal and other purchased services 1,345 1,334 1,276
Software and equipment 1,222 1,062 985
Net occupancy 564 630 570
Sub-custodian and clearing 450 450 414
Distribution and servicing 374 406 419
Business development 213 228 229
Bank assessment charges 125 170 220
Amortization of intangible assets 117 180 209
Other 427 606 602
Total noninterest expense 10,900 11,211 10,957
Income      
Income before income taxes 5,587 5,192 4,610
Provision for income taxes 1,120 938 496
Net income 4,467 4,254 4,114
Net (income) loss attributable to noncontrolling interests (includes $(26), $12 and $(33) related to consolidated investment management funds, respectively) (26) 12 (24)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 4,441 4,266 4,090
Preferred stock dividends (169) (169) (175)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 4,272 4,097 3,915
Net income applicable to common shareholders of The Bank of New York Mellon Corporation used for the earnings per share calculation      
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 4,272 4,097 3,915
Less: Earnings allocated to participating securities 18 27 43
Net income applicable to common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share $ 4,254 $ 4,070 $ 3,872
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation      
Basic (shares) 939,623 1,002,922 1,034,281
Common stock equivalents 5,087 6,801 13,030
Less: Participating securities (1,601) (2,582) (7,021)
Diluted (shares) 943,109 1,007,141 1,040,290
Anti-dilutive securities (shares) 4,014 6,804 12,383
Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation      
Basic (usd per share) $ 4.53 $ 4.06 $ 3.74
Diluted (usd per share) $ 4.51 $ 4.04 $ 3.72