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Home > Fortune 500 Companies > Bank of New York.
Bank of New York.
Bank of New York is one of the publicly traded companies having a good stock performance result. Bank of New York is a fortune 500 stock listed company trading under BK.
Bank of New York was founded in 1784 and has their headquarters in New York City. Today, the Bank plays a critical role on a larger stage by providing the products and services that help support capital markets activity globally. During the course of its 220-year history, The Bank of New York has seen its home country through turbulent times 7 wars, 10 economic depressions and the World Trade Center disaster. Yet, the Bank has survived all these crises and emerged stronger for them, owed to an allegiance to a set of shared and enduring values Excellence, Teamwork, Personal Responsibility, Respect and Integrity and an unwavering focus on the needs of clients.
Thomas A. Reny is Chief Executive Officer of The Bank of New York since 1997 .He has successfully directed The Bank of New York’s transformation from a traditional commercial bank to a global leader in securities servicing for issuers, investors and financial intermediaries.
The year just completed was one of great progress for The Bank of New York. It has achieved the earnings goals that were set forth at the beginning of the year, finished the infrastructure build-out that is required to sustain the business and began to deliver positive operating leverage. For the full year 2005, net income was 1.571 billion dollars compared to 1.440 billion dollars in 2004 while earnings per share were up 10 percent to 2.03 dollars from.85 dollars in 2004. Total revenues of 6.865 billion dollars were up 9 percent from the prior year. It has achieved positive year-over-year operating leverage in the third and fourth quarters. Capital ratios remained strong which provides us with good capital flexibility for 2006. Their strong broad-based financial performance enabled to increase quarterly dividend.
The Bank of New York’s Vision is to be the acknowledged global leader and preferred partner in helping clients succeed in the worlds rapidly evolving financial markets. They are committed to upholding the highest standards of professionalism and performance. It measures success by their ability to anticipate, create and implement inventive solutions that help to achieve their objectives.
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