The Bank of New York Mellon Corporation (BK)
The Bank of New York Mellon Corporation Tangible Common Equity Ratio: 4.20%
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BK Tangible Common Equity Ratio Rankings
| Overall | 83rd percentile | 712 of 4385 |
| Sector | 90th percentile | 82 of 871 in Financial |
| Industry | 87th percentile | 7 of 55 in Asset Management |
BK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 1.64% | Dec 2008 |
| Maximum | 4.50% | Jun 2010 |
| Average | 3.58% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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BK News
about 5 days ago by TomAspray
May 21, 8:43AM Street Insider
about 10 days ago by reformedbroker
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May 17, 7:35AM PR Newswire
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about 24 days ago by TradeBot
May 03, 8:45AM PR Newswire
about 27 days ago by MACDaddy
about 32 days ago by STNet
about 36 days ago by STNet
about 40 days ago by Cousin_Vinny
about 40 days ago by earningscast
about 41 days ago by OspreyFlyer
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| BK | 20.64 | -0.09 | -0.43% | 24.87B |
| BJZ | 16.68 | +0.00 | +0.01% | |
| BJRI | 44.56 | -0.13 | -0.29% | 1.244B |
| BJK | 31.62 | +0.06 | +0.19% | |
| BIV | 88.30 | +0.32 | +0.36% | |
| BITS | 4.32 | +0.00 | +0.00% | 45.92M |
| BG | 61.06 | +0.57 | +0.94% | 8.896B |
| BFZ | 15.74 | +0.08 | +0.51% | |
| BFS | 40.20 | -0.04 | -0.10% | 773.05M |
| BFR | 3.97 | -0.03 | -0.75% | 709.80M |
