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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Investment services fees:      
Asset servicing $ 4,244 $ 4,187 $ 4,075
Clearing services 1,404 1,375 1,335
Issuer services 1,026 978 968
Treasury services 547 555 564
Total investment services fees 7,221 7,095 6,942
Investment management and performance fees 3,350 3,438 3,492
Foreign exchange and other trading revenue 701 768 570
Financing-related fees 219 220 169
Distribution and servicing 166 162 173
Investment and other income 341 316 1,212
Total fee revenue 11,998 11,999 12,558
Net securities gains — including other-than-temporary impairment 79 82 92
Noncredit-related portion of other-than-temporary impairment (recognized in other comprehensive income) 4 (1) 1
Net securities gains 75 83 91
Total fee and other revenue 12,073 12,082 12,649
Operations of consolidated investment management funds      
Investment income 35 115 503
Interest of investment management fund note holders 9 29 340
Income from consolidated investment management funds 26 86 163
Net interest revenue      
Interest revenue 3,575 3,326 3,234
Interest expense 437 300 354
Net interest revenue 3,138 3,026 2,880
Total revenue 15,237 15,194 15,692
Provision for credit losses (11) 160 (48)
Noninterest expense      
Staff 5,733 5,837 5,845
Professional, legal and other purchased services 1,185 1,230 1,339
Software 647 627 620
Net occupancy 590 600 610
Distribution and servicing 405 381 428
Sub-custodian 245 270 286
Furniture and equipment 247 280 322
Business development 245 267 268
Other 940 961 1,031
Amortization of intangible assets 237 261 298
Merger and integration, litigation and restructuring charges 49 85 1,130
Total noninterest expense 10,523 10,799 12,177
Income      
Income before income taxes 4,725 4,235 3,563
Provision for income taxes 1,177 1,013 912
Net income 3,548 3,222 2,651
Net (income) attributable to noncontrolling interests (includes $(10), $(68) and $(84) related to consolidated investment management funds, respectively) (1) (64) (84)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 3,547 3,158 2,567
Preferred stock dividends (122) (105) (73)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 3,425 3,053 2,494
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 3,425 3,053 2,494
Less: Earnings allocated to participating securities 52 43 43
Net income applicable to the common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share $ 3,373 $ 3,010 $ 2,451
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation      
Basic (shares) 1,066,286 1,104,719 1,129,897
Common stock equivalents (shares) 15,672 17,290 20,037
Less: Participating securities (shares) (9,945) (9,498) (12,454)
Diluted (shares) 1,072,013 1,112,511 1,137,480
Anti-dilutive securities (shares) [1] 31,695 28,736 43,735
Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation      
Basic (usd per share) [2] $ 3.16 $ 2.73 $ 2.17
Diluted (usd per share) [2] $ 3.15 $ 2.71 $ 2.15
[1] Represents stock options, restricted stock, restricted stock units and participating securities outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.
[2] Basic and diluted earnings per share under the two-class method are determined on the net income applicable to common shareholders of The Bank of New York Mellon Corporation reported on the income statement less earnings allocated to participating securities.