• Bank Of New York Mellon average return on tangible equity for 2023 was 13.72, a 3.7% increase from 2022.
• Bank Of New York Mellon average return on tangible equity for 2022 was 13.23, a 5.3% increase from 2021.
• Bank Of New York Mellon average return on tangible equity for 2021 was 13.97, a 23.03% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.