Bank of New York Mellon
Total assets: $238 billion
TARP money received: $3 billion
2008 results: $1.39 billion in profits
Stock performance: -36.2%*
In the hierarchy of well-positioned firms on the stress test list, Bank of New York Mellon ranks pretty high up there. The company's Tier 1 capital ratio was a robust 11.2% at the end of the first quarter- not including the $3 billion it received from the government. The bank has also taken steps to bolster its capital position by slashing its dividend 63%, a move the company said would save $700 million a year and help it pay back TARP funds. NEXT: GMAC
Last updated May 05 2009: 10:08 AM ET
RSSSource: ProPublica, Treasury Department, company reports
*Change since 9/12/08 - last trading day before collapse of Lehman Brothers.
*Change since 9/12/08 - last trading day before collapse of Lehman Brothers.
