Investments
The 2024 edition of our 10-Year Capital Market Assumptions (CMAs) offers our projections for asset class returns, volatilities and correlations over the next decade. This yearly exercise helps in shaping the design of our investors’ long-term portfolios.
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Investments
The approach of the end of the year means end-of-year tax planning, which for many includes finalizing annual charitable contributions. This presents an opportunity for nonprofits to engage donors and help them complete their gifts by December 31.
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Founded by Alexander Hamilton in 1784, BNY Mellon is the country's oldest bank and the longest continuously operating company in New York City. We have a proven track record of evolving through challenging times and supporting the market through cycles.
A commitment to the innovative spirit of our founder is deeply embedded in our culture. That remains the driving force behind our legacy of industry firsts and continues to propel us into the future.
Our work is not done. We continuously adapt to new needs and address new risks as we plan for what lies ahead. No matter what the future brings, we'll be ready and we'll be working.
Not only was Alexander Hamilton the country's first Secretary of the Treasury, he also helped establish the U.S. Mint – and his face is still on the $10 bill. His list of titles included military commander, economist, congressman, banker, lawyer and political philosopher. After resigning from Congress, he returned to New York to continue his legal work, and in 1784 founded the Bank of New York.
The Bank of New York was founded to support its clients and help New York get back on its feet after the Revolutionary War. Over the centuries, as the company evolved, we stayed true to the fundamentals of trust, resiliency and innovation. During difficult times and more, the company kept its head above the rising tide, offering clients a trusted partner to help them weather the financial storm. Our technical innovations have helped define the future of finance. We automated our bookkeeping practices in 1958 and installed ATMs in retail branches in the 1980s. We were the first to process securities over the internet in 1996 and the first bank in the U.S. to execute a Real-Time Payments® transaction using The Clearing House's network.* We're proud of these advances and so many more. For the last 240 years, we have worked to earn the trust of our clients, to seek enterprising opportunities in a fast-changing world and discover innovative ways to improve efficiency, profitability and the client experience. This unyielding dedication got us to where we are now – and will continue to propel us forward.
Our humble beginnings have paved the way for an accomplished financial perspective. For the sake of our clients and the industry, we’re always sharpening our expertise.
1792
Starting the Exchange
Long before computers, industrial averages, or opening bells, New York City stockbrokers were changing the way the world does business. Twenty-four gathered under a buttonwood tree just steps from what was BNY Mellon's original headquarters to sign a document that would soon lead to the formation of the New York Stock Exchange.
1929
Refinancing America
After the stock market crash of October 29, 1929, the world financial system was shaken. In the decades to follow, the Great Depression forced global markets to struggle to find solid ground. The Bank of New York didn't just weather the storm, it helped bring peace of mind to clients and showed gains when others could not.
