Bank Of New York Mellon Corp. Company Profile (NYSE:BK)

Analyst Ratings

Consensus Ratings for Bank Of New York Mellon Corp. (NYSE:BK) (?)
Ratings Breakdown: 6 Hold Rating(s), 7 Buy Rating(s)
Consensus Rating:Buy (Score: 2.54)
Consensus Price Target: $45.54 (16.21% upside)

Analysts' Ratings History for Bank Of New York Mellon Corp. (NYSE:BK)
Show:
DateFirmActionRatingPrice TargetActions
7/22/2016ArgusReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/18/2016Deutsche Bank AGBoost Price TargetBuy$44.00 -> $46.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/11/2016Jefferies GroupLower Price TargetHold$41.00 -> $38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/9/2016Barclays PLCReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/28/2016Credit Suisse Group AGReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/21/2016Buckingham ResearchReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/9/2016JPMorgan Chase & Co.Reiterated RatingBuy$42.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/22/2016Royal Bank Of CanadaBoost Price TargetSector Perform$40.00 -> $44.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/14/2016Raymond James Financial Inc.Lower Price Target$46.00 -> $41.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/11/2016Goldman Sachs Group Inc.UpgradeNeutral -> Buy$48.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/21/2015Keefe, Bruyette & WoodsReiterated RatingHold$43.00 -> $45.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/17/2015Bank of America Corp.UpgradeNeutral -> Buy$47.00 -> $48.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/9/2015Standpoint ResearchReiterated RatingHold$48.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/5/2015Sanford C. BernsteinUpgradeMarket Perform -> Outperform$50.00 -> $56.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/23/2015Portales PartnersUpgradeUnderperform -> Sector PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/27/2015Citigroup Inc.Boost Price TargetNeutral$40.00 -> $41.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/24/2014 forward)

Earnings

Earnings History for Bank Of New York Mellon Corp. (NYSE:BK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
10/18/2016        
7/21/2016Q216$0.75$0.76$3.79 billion$3.78 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/21/2016Q116$0.68$0.74$3.74 billion$3.74 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/21/2016Q415$0.64$0.68$3.76 billion$3.73 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/20/2015Q315$0.71$0.74$3.90 billion$3.79 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/21/2015Q215$0.66$0.77$3.82 billion$3.85 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/22/2015Q115$0.59$0.67$3.76 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/23/2015Q414$0.58$0.58$3.80 billion$3.70 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/17/2014Q314$0.61$0.64$3.98 billion$3.78 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/18/2014Q214$0.57$0.62$3.79 billion$3.73 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/22/2014Q114$0.54$0.57$3.73 billion$3.63 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/17/2014Q413$0.54$0.44$3.72 billion$3.75 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/16/2013Q313$0.58$0.60$3.75 billion$3.76 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/17/2013Q2 2013$0.57$0.71$3.70 billion$3.79 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/17/2013Q1 2013$0.47$0.50$3.61 billion$3.61 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/16/2013Q4 2012$0.55$0.53$3.61 billion$3.60 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/17/2012$0.54$0.57ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/18/2012$0.53$0.57ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/18/2012$0.52$0.52ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/18/2012$0.52$0.42ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/19/2011$0.52$0.53ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/19/2011$0.56$0.59ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/19/2011$0.57$0.53ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/19/2011$0.57$0.55ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Bank Of New York Mellon Corp. (NYSE:BK)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.67$0.70$0.69
Q2 20162$0.72$0.79$0.76
Q3 20162$0.79$0.82$0.81
Q4 20162$0.69$0.78$0.74
Q1 20171$0.73$0.73$0.73
Q2 20171$0.86$0.86$0.86
Q3 20171$0.98$0.98$0.98
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Bank Of New York Mellon Corp. (NYSE:BK)
Annual Dividend:$0.68
Dividend Yield:1.74%
Payout Ratio:24.29% (Based on Trailing 12 Months of Earnings)
22.52% (Based on Current Year Consensus EPS Estimate)
20.73% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:9.40% (3 Year Average)

Dividend History for Bank Of New York Mellon Corp. (NYSE:BK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
7/21/2016$0.197/29/20168/2/20168/12/2016Tweet This Announcement  Share This Announcement on StockTwits
4/21/2016quarterly$0.174/29/20165/3/20165/13/2016Tweet This Announcement  Share This Announcement on StockTwits
1/21/2016Quarterly$0.171/29/20162/2/20162/12/2016Tweet This Announcement  Share This Announcement on StockTwits
10/20/2015Quarterly$0.1710/29/201511/2/201511/13/2015Tweet This Announcement  Share This Announcement on StockTwits
7/21/2015quarterly$0.177/30/20158/3/20158/13/2015Tweet This Announcement  Share This Announcement on StockTwits
4/22/2015quarterly$0.171.6%4/30/20155/4/20155/14/2015Tweet This Announcement  Share This Announcement on StockTwits
1/23/2015quarterly$0.171.82%1/30/20152/3/20152/13/2015Tweet This Announcement  Share This Announcement on StockTwits
10/17/2014quarterly$0.171.87%10/24/201410/28/201411/7/2014Tweet This Announcement  Share This Announcement on StockTwits
7/18/2014quarterly$0.171.77%7/25/20147/29/20148/8/2014Tweet This Announcement  Share This Announcement on StockTwits
4/7/2014quarterly$0.172.01%4/23/20144/25/20145/7/2014Tweet This Announcement  Share This Announcement on StockTwits
1/17/2014quarterly$0.151.81%1/29/20141/31/20142/7/2014Tweet This Announcement  Share This Announcement on StockTwits
10/16/2013quarterly$0.151.92%10/24/201310/28/201311/5/2013Tweet This Announcement  Share This Announcement on StockTwits
7/17/2013quarterly$0.151.94%7/25/20137/29/20138/6/2013Tweet This Announcement  Share This Announcement on StockTwits
4/9/2013quarterly$0.152.1%4/25/20134/29/20135/7/2013Tweet This Announcement  Share This Announcement on StockTwits
1/16/2013quarterly$0.131.97%1/24/20131/28/20132/5/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Bank Of New York Mellon Corp. (NYSE:BK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
6/6/2016Trian Fund Management, L.P.DirectorBuy370,000$42.39$15,684,300.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/19/2016Gerald L HassellCEOSell24,598$40.76$1,002,614.48View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/16/2016Trian Fund Management, L.P.DirectorBuy20,700$39.65$820,755.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/12/2016Thomas P GibbonsCFOSell376,054$39.77$14,955,667.58View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/4/2016Karen B PeetzPresidentSell65,000$39.24$2,550,600.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/28/2016Mitchell E HarrisEVPSell19,295$40.66$784,534.70View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/17/2016Trian Fund Management, L.P.DirectorBuy891,190$35.10$31,280,769.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/11/2015Trian Fund Management, L.P.DirectorBuy421,800$43.94$18,533,892.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/29/2015Karen B. PeetzPresidentSell42,015$42.48$1,784,797.20View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/26/2015Gerald L HassellCEOSell30,000$41.91$1,257,300.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/21/2015Edward P GardenDirectorBuy285,000$41.34$11,781,900.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/27/2015Karen B PeetzPresidentSell229,073$42.19$9,664,589.87View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/24/2015Thomas P GibbonsCFOSell127,359$41.93$5,340,162.87View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/24/2015Of New York Mellon Corp BankMajor ShareholderBuy8,213$14.00$114,982.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/23/2015Of New York Mellon Corp BankMajor ShareholderBuy8,213$14.25$117,035.25View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/4/2015Edward P GardenDirectorBuy84,000$39.43$3,312,120.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/25/2015Edward P GardenDirectorBuy784,769$39.78$31,218,110.82View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/28/2015Edward P GardenDirectorBuy273,000$36.63$9,999,990.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/23/2014Gerald L HassellCEOSell60,000$39.12$2,347,200.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/23/2014Thomas P GibbonsCFOSell145,667$39.00$5,681,013.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/21/2014Brian G RoganChairmanSell211,321$38.31$8,095,707.51View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/24/2014Karen PeetzPresidentSell115,351$33.85$3,904,631.35View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/23/2014Ruth BruchDirectorSell3,033$34.03$103,212.99View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/22/2013Curtis ArledgeChairmanSell115,880$31.42$3,640,949.60View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/18/2013Karen B PeetzPresidentSell55,000$31.37$1,725,350.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/14/2013John ParkInsiderSell5,778$30.72$177,500.16View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/18/2013Brian G RoganChairmanSell50,000$31.44$1,572,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/12/2012John A ParkInsiderSell4,754$22.86$108,676.44View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/12/2012Timothy F KeaneyChairmanSell10,000$22.87$228,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Bank Of New York Mellon Corp. (NYSE:BK)
DateHeadline
07/23/16 07:04 AMBNY Mellon (BK) Q2 Earnings Beat, Expenses Decrease - Nasdaq
07/22/16 11:43 AMBank Of New York Mellon Reports EPS Just Above Estimates; Argus Maintains Hold - Argus provided its analysis on Bank of New York Mellon Corp (NYSE: BK) following its Q2 earnings release. On Thursday, Bank of New York Mellon posted adjusted 2Q16 EPS of $0.76, down from $0.77 a year earlier but $0.01 above the consensus estimate. The analysts don't believe multiple expansion will occur, given the cost cutting and share buybacks are the primary earnings drivers. "In the high $30s, the stock is trading ...Full story available on Benzinga.com
07/22/16 11:36 AMJPMorgan to exit government securities settlement business - [Reuters] - JPMorgan Chase & Co. plans to end services on settling government securities after a review of its businesses, a bank spokesperson said on Friday. "After a careful review, we have determined that is a non-core service, particularly as we simplify our business and continue to prioritize strategic growth opportunities," the spokesperson said in an email of its government securities settlement services business.
07/22/16 11:01 AMNotable Hot Runners: Teck Resources Ltd (USA) (NYSE:TCK), Bank of New York Mellon Corp (NYSE:BK) - NYSE Journal (press release)
07/22/16 11:01 AMDomino's, GM, Johnson Controls Profit Jump; BNY Mellon, Travelers Net Fall - 123Jump.com
07/22/16 11:01 AMFitch: BNY Mellon Continues to Focus on Cost Control in 2Q16 - Business Wire (press release)
07/21/16 02:52 PMBNY Mellon (BK) Q2 Earnings Beat, Expenses Decrease
07/21/16 11:21 AMBank of New York Mellon Corp Earnings Call (Q2 2016)
07/21/16 11:21 AMBNY Mellon (BK) Beats on Q2 Earnings; Revenues Fall
07/21/16 11:21 AMBank of New York Mellon Profit Up on Lowered Expenses
07/21/16 11:21 AMThe Bank of New York Mellon Corp. Q2 Profit Drops 4%
07/21/16 11:21 AMEarnings Reaction History: The Bank of New York Mellon Corporation, 42.9% Follow-Through Indicator, 2.1% Sensitive
07/21/16 11:18 AMHere’s Why Traders are Talking about These Five Stocks -
07/21/16 07:24 AM[$$] Bank of New York Mellon Profit Up on Lower Expenses -
07/21/16 07:00 AMBank of New York Mellon Corp Earnings Call scheduled for 8:00 am ET today -
07/21/16 06:07 AMQ2 2016 Bank of New York Mellon Corp Earnings Release - Before Market Open -
07/21/16 05:49 AMBank of New York Mellon posts 2Q profit -
07/21/16 05:33 AMBank of New York Mellon beats by $0.01, misses on revenue -
07/20/16 03:21 PMLeidos Holdings, Inc. (NYSE:LDOS) & Bank of New York Mellon (NYSE:BK) Trader's Watch List - Money News (press release)
07/20/16 03:21 PMBNY Mellon's Hani Kablawi Named New Head of Investment Services for EMEA - PR Newswire (press release)
07/20/16 03:21 PMThe Bank of New York Mellon Corporation (BK) Earns Consensus Hold Rating - Review Fortune
07/20/16 10:54 AMCompany Update: The Bank
07/20/16 06:05 AMDerrick: Turkey Migration Could Impact EU Referendums -
07/20/16 05:34 AMDerrick: Downward Pressure Mounting on the Euro -
07/19/16 08:14 PMBNY Mellon (BK) Q2 Earnings: What's in the Cards? - Nasdaq
07/19/16 02:52 PMNews Highlights- Trimble Navigation (NASDAQ:TRMB), The Bank of New York Mellon (NYSE:BK), NCI Building ... - Seneca Globe
07/19/16 02:51 PMBNY Mellon (BK) Q2 Earnings: What's in the Cards? -
07/19/16 01:07 PMPNC Financial Services Increases Shareholder Payouts -
07/19/16 09:02 AMCompany Update: The Bank of New York Mellon Corporation (NYSE:BK) - BNY Mellon to Service €2 Billion in Assets ... - Jutia Group (press release) (blog)
07/19/16 09:02 AMBNY Mellon's Hani Kablawi is the new head of investment services for EMEA - LeapRate
07/19/16 07:11 AMMOVES- BNY Mellon, New York Life Investment, Thirdrock -
07/19/16 05:48 AMBNY Mellon's Hani Kablawi Named New Head of Investment Services for EMEA - [PR Newswire] - LONDON, July 19, 2016 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today appointed Hani Kablawi as the new Head of Investment Services for Europe, the Middle East and Africa (EMEA). Formerly Head of Asset Servicing for EMEA, Kablawi will lead the business strategy for Investment Services in the region and will continue to be based in London.
07/18/16 02:55 PMBNY Mellon Wealth Management Expands Chicago Office With 5 Hires
07/18/16 12:00 PMMOVES- BNY Mellon, BTIG, FTI Consulting -
07/18/16 07:47 AMBNY Mellon : to Service EUR2 Billion in Assets for Nomura Asset Management Deutschland
07/18/16 05:48 AMBNY Mellon to Service €2 Billion in Assets for Nomura Asset Management Deutschland - [PR Newswire] - FRANKFURT, Germany and LONDON, July 18, 2016 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has signed an agreement with Nomura Asset Management Deutschland ...
07/18/16 12:28 AMSecond Quarter 2016 Financial Results - [at noodls] - NEW YORK, June 23, 2016/PRNewswire/ -- Gerald L. Hassell, chairman and chief executive officer, and Thomas P. Gibbons, vice chairman and chief financial officer, along with other members of the executive ...
07/16/16 07:49 AMJefferies Maintains Bank of New York Mellon Corp to Hold with Price Target $38.00 - Trade Calls
07/15/16 01:27 PMBank Of New York Mellon Corporation (The) (NYSE:BK) Updated Price Targets - FTSE News
07/15/16 01:27 PMFinancial Stocks Outlines: Bank of New York Mellon Corp (NYSE:BK), Citizens Financial Group Inc (NYSE:CFG) - share market updates (press release)
07/15/16 01:27 PMKingstown Capital Management LP Increased Bank New York Mellon Corp (NYSE:BK) by $19.80 Million as Shares ... - Consumer Eagle
07/14/16 02:55 PMMOVES-Frieda Rakhman joins BNY Mellon Wealth Management as wealth director
07/14/16 11:34 AMBank Of New York Mellon Corporation (The) (NYSE:BK) Earnings Concentration and Analyst Target Watch - Engelwood Daily
07/14/16 11:34 AMUpdate on The Bank of New York Mellon Corporation (NYSE:BK) for the day - Twin County News
07/14/16 11:34 AMFitch Affirms The Bank of New York Mellon's LT IDR at 'AA-'; Outlook Stable - Reuters
07/12/16 02:54 PMFitch Affirms The Bank of New York Mellon's L-T IDR at 'AA-'; Outlook Stable
07/12/16 04:20 AMSummit Financial Wealth Advisors Lowers stake in Bank of New York Mellon Corp (BK) - Trade Calls
07/12/16 12:23 AMBNY Mellon signs Women in Finance Charter in the UK - [at noodls] - BNY Mellon has signed the UK's Women in Finance Charter and earlier today joined an event in London for Charter signatories hosted by the Economic Secretary to the Treasury to celebrate the success of ...
07/11/16 07:49 PMHow Many Bank of New York Mellon Corp (NYSE:BK)'s Analysts Are Bearish? - Consumer Eagle
07/11/16 07:49 PMJefferies Maintained Bank Of New York Mellon Corporation (The) (NYSE:BK) As Hold; Has Price Objective Of $38.00 - Press Telegraph

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About Bank Of New York Mellon Corp.

Bank Of New York Mellon Corp. logoThe Bank of New York Mellon Corporation (BNY Mellon) is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead. The Company has over $1.6 trillion in assets under management. BNY Mellon's subsidiaries include The Bank of New York Mellon and BNY Mellon, National Association (BNY Mellon, N.A.). The Bank of New York Mellon is a New York state-chartered bank, which houses its Investment Services businesses, including Asset Servicing, Issuer Services, Treasury Services, Broker-Dealer and Advisor Services, as well as the bank-advised business of Asset Management.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: Asset Management & Custody Banks
  • Exchange: NYSE
  • Symbol: BK
  • CUSIP: 06405810
Key Metrics:
  • Previous Close: $38.60
  • 50 Day Moving Average: $39.60
  • 200 Day Moving Average: $38.14
  • P/E Ratio: 14.15
  • P/E Growth: 1.36
  • Market Cap: $42.21B
  • Beta: 1.47
  • Current Year EPS Consensus Estimate: $3.02 EPS
  • Next Year EPS Consensus Estimate: $3.28 EPS
Additional Links:
Bank Of New York Mellon Corp. (NYSE:BK) Chart for Sunday, July, 24, 2016