About Bank of New York Mellon (NYSE:BK)
The Bank of New York Mellon Corporation 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 the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits. As of December 31, 2016, the Company had $29.9 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. The Company's Investment Management boutiques offer a range of actively managed equity, fixed income, alternative and liability-driven investments, along with passive products and cash management. The Company offers asset servicing, clearing services, issuer services and treasury services to its clients.
Industry, Sector and Symbol
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio15.23
Forward P/E Ratio13.45
Sales & Book Value
Annual Sales$16.55 billion
Price / Sales3.32
Cash Flow$5.30 per share
Price / Cash10.25
Book Value$37.52 per share
Price / Book1.45
Net Income$4.09 billion
Return on Equity10.69%
Return on Assets1.12%
Bank of New York Mellon (NYSE:BK) Frequently Asked Questions
What is Bank of New York Mellon's stock symbol?
Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the ticker symbol "BK."
How often does Bank of New York Mellon pay dividends? What is the dividend yield for Bank of New York Mellon?
Bank of New York Mellon declared a quarterly dividend on Thursday, January 18th. Stockholders of record on Tuesday, January 30th will be given a dividend of $0.24 per share on Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, January 29th. View Bank of New York Mellon's Dividend History.
How will Bank of New York Mellon's stock buyback program work?
Bank of New York Mellon declared that its board has authorized a share repurchase program on Thursday, June 29th 2017, which authorizes the company to repurchase $3,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) released its earnings results on Thursday, January, 18th. The bank reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The bank had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $4.01 billion. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. View Bank of New York Mellon's Earnings History.
When will Bank of New York Mellon make its next earnings announcement?
Where is Bank of New York Mellon's stock going? Where will Bank of New York Mellon's stock price be in 2018?
16 brokers have issued 1 year target prices for Bank of New York Mellon's shares. Their predictions range from $52.00 to $66.00. On average, they anticipate Bank of New York Mellon's share price to reach $57.97 in the next year. View Analyst Ratings for Bank of New York Mellon.
What are Wall Street analysts saying about Bank of New York Mellon stock?
Here are some recent quotes from research analysts about Bank of New York Mellon stock:
- 1. Vining Sparks analysts commented, "BK currently trades at a 14x price-to- earnings multiple and has a short-term risk that its operating expenses could continue to move higher as management catches-up on its investment spending. As a result, we are targeting around a 6% total return through year-end 2018E. EPS ($) FY (Dec) 2016 0.73 0.74 0.87 0.76 3.09 18.7x 2017 0.79 0.88 0.94 0.91 3.53 16.4x 2018E 0.96E 1.05E 1.09E 1.10E 4.20E 13.7x Prior 1.02E 1.11E 1.16E 1.16E 4.45E 13.0x Street Est 1Q 2Q 3Q 4Q FY P/E 2018E 0.95E 1.00E 1.06E 1.04E 4.04E 14.3x TBVPS ($) 1Q 2Q 3Q 4Q FY P/TBV 2016 13.48 13.83 14.22 13.70 13.70 421% 2017 14.13 14.97 15.60 16.51 16.51 350% 2018E 16.78E 17.13E 17.43E 17.74E 17.74E 325% Prior 16.23E 16.70E 17.13E 17.57E 17.57E 329% Dividend Per Share 2016 0.17 0.17 0.19 0.19 0.72 1.2% 2017E 0.19 0.19 0.24 0.24 0.86 1.5% 2018E 0.24E 0.24E 0.27E 0.27E 1.02E 1.8% FY P/E 1Q 2Q 3Q 4Q FY Yield 4Q 1Q 2Q 3Q P/TBV (%) 350% Dividend Yield 1.7% Sources: SNL Financial & Vining Sparks, IBG LP." (1/24/2018)
- 2. According to Zacks Investment Research, "BNY Mellon's shares have underperformed the industry in the last six months. The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters. Easing margin pressure (driven by gradual rise in interest rates) and rising loan demand are expected to further aid revenue growth. Also, potential lesser regulations and cost-saving initiatives will likely drive profitability. Given a solid capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities. However, concentration risk arising from significant dependence on fee-based income remains a matter of concern for the company in the near term." (12/20/2017)
Who are some of Bank of New York Mellon's key competitors?
Some companies that are related to Bank of New York Mellon include Toronto–Dominion Bank (TD), Banco Santander (SAN), Itau Unibanco (ITUB), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MTU), U.S. Bancorp (USB), HDFC Bank (HDB), Banco Bradesco (BBD), Industrial & Cmrcl Bnk f China (IDCBY), Westpac (WBK), PNC Financial Services Group (PNC), Bank of Nova Scotia (BNS), UBS (UBS), Lloyds Banking Group (LYG), ING Groep (ING), Australia and New Zealand Banking (ANZBY), National Australia Bank (NABZY) and Sumitomo Mitsui Financial Grp (SMFG).
Who are Bank of New York Mellon's key executives?
Bank of New York Mellon's management team includes the folowing people:
- Charles W. Scharf, Chairman of the Board, Chief Executive Officer (Age 52)
- Thomas P. Gibbons, Vice Chairman and Chief Executive Officer of Clearing, Markets and Client Management (Age 60)
- Michael P. Santomassimo, Chief Financial Officer (Age 42)
- Monique Herena, Chief Human Resource Officer, Senior Executive Vice President (Age 46)
- Bridget E. Engle, Senior Executive Vice President, Chief Information Officer
- James S. Wiener, Senior Executive Vice President, Chief Risk Officer (Age 49)
- J Kevin McCarthy, Senior Executive Vice President, General Counsel (Age 52)
- Mitchell E. Harris, Senior Executive Vice President (Age 62)
- Kurtis R. Kurimsky, Vice President, Controller (Age 43)
- Michelle M. Neal, Managing Director (Age 43)
Has Bank of New York Mellon been receiving favorable news coverage?
Media coverage about BK stock has trended somewhat positive this week, according to Accern. Accern ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of New York Mellon earned a daily sentiment score of 0.23 on Accern's scale. They also gave news articles about the bank an impact score of 46.62 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Bank of New York Mellon's major shareholders?
Bank of New York Mellon's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.79%), Longview Partners Guernsey LTD (1.74%), Trian Fund Management L.P. (1.56%), Macquarie Group Ltd. (1.28%), Geode Capital Management LLC (1.05%) and Clearbridge Investments LLC (0.84%). Company insiders that own Bank of New York Mellon stock include Brian T Shea, Bridget E Engle, Charles W Scharf, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Karen B Peetz, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. View Institutional Ownership Trends for Bank of New York Mellon.
Which major investors are selling Bank of New York Mellon stock?
BK stock was sold by a variety of institutional investors in the last quarter, including Trian Fund Management L.P., Investec Asset Management LTD, Arrowstreet Capital Limited Partnership, Bank of Montreal Can, Macquarie Group Ltd., Gamco Investors INC. ET AL, British Airways Pensions Investment Management Ltd and Metropolitan Life Insurance Co. NY. Company insiders that have sold Bank of New York Mellon company stock in the last year include Brian T Shea, Bridget E Engle, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Thomas P Gibbons and Trian Fund Management, LP. View Insider Buying and Selling for Bank of New York Mellon.
Which major investors are buying Bank of New York Mellon stock?
BK stock was acquired by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., Millennium Management LLC, Amundi Pioneer Asset Management Inc., BlackRock Inc., Elkfork Partners LLC, The Manufacturers Life Insurance Company , Bristol Gate Capital Partners Inc. and LSV Asset Management. Company insiders that have bought Bank of New York Mellon stock in the last two years include Charles W Scharf and Trian Fund Management, LP. View Insider Buying and Selling for Bank of New York Mellon.
How do I buy shares of Bank of New York Mellon?
Shares of BK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Bank of New York Mellon's stock price today?
One share of BK stock can currently be purchased for approximately $54.34.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $55.54 billion and generates $16.55 billion in revenue each year. The bank earns $4.09 billion in net income (profit) each year or $3.73 on an earnings per share basis. Bank of New York Mellon employs 52,500 workers across the globe.
How can I contact Bank of New York Mellon?
Bank of New York Mellon's mailing address is 225 LIBERTY STREET, NEW YORK NY, 10286. The bank can be reached via phone at 212-495-1784 or via email at [email protected]
MarketBeat Community Rating for Bank of New York Mellon (BK)MarketBeat's community ratings are surveys of what our community members think about Bank of New York Mellon and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Bank of New York Mellon (NYSE:BK) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.25||2.18||2.25||2.33|
|Ratings Breakdown: ||1 Sell Rating(s)|
10 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
8 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
9 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s)
|2 Sell Rating(s)|
8 Hold Rating(s)
3 Buy Rating(s)
2 Strong Buy Rating(s)
|Consensus Price Target: ||$57.97||$56.56||$54.88||$53.71|
|Price Target Upside: ||6.68% upside||1.74% downside||5.83% upside||4.18% upside|
Bank of New York Mellon (NYSE:BK) Consensus Price Target History
Bank of New York Mellon (NYSE:BK) Analyst Ratings History
(Data available from 3/20/2016 forward)
Bank of New York Mellon (NYSE:BK) Earnings History and Estimates Chart
Bank of New York Mellon (NYSE BK) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/18/2018||Q4 2017||$0.91||$0.91||$4.01 billion||$3.73 billion||View||Listen|
|10/19/2017||Q3 2017||$0.93||$0.94||$3.99 billion||$4.02 billion||View||N/A|
|7/20/2017||Q2 2017||$0.84||$0.88||$3.91 billion||$3.96 billion||View||N/A|
|4/20/2017||Q1 2017||$0.80||$0.80||$3.83 billion||$3.84 billion||View||N/A|
|1/19/2017||Q416||$0.77||$0.77||$3.85 billion||$3.79 billion||View||Listen|
|10/20/2016||Q316||$0.81||$0.90||$3.86 billion||$3.93 billion||View||Listen|
|7/21/2016||Q216||$0.75||$0.76||$3.79 billion||$3.78 billion||View||Listen|
|4/21/2016||Q116||$0.68||$0.74||$3.74 billion||$3.74 billion||View||Listen|
|1/21/2016||Q415||$0.64||$0.68||$3.76 billion||$3.73 billion||View||Listen|
|10/20/2015||Q315||$0.71||$0.74||$3.90 billion||$3.79 billion||View||Listen|
|7/21/2015||Q215||$0.66||$0.77||$3.82 billion||$3.85 billion||View||Listen|
|4/22/2015||Q115||$0.59||$0.67||$3.73 billion||$3.73 billion||View||Listen|
|1/23/2015||Q414||$0.60||$0.58||$3.80 billion||$3.70 billion||View||Listen|
|10/17/2014||Q314||$0.61||$0.64||$3.98 billion||$3.78 billion||View||Listen|
|7/18/2014||Q214||$0.56||$0.62||$3.79 billion||$3.73 billion||View||Listen|
|4/22/2014||Q114||$0.54||$0.57||$3.73 billion||$3.63 billion||View||Listen|
|1/17/2014||Q413||$0.54||$0.44||$3.72 billion||$3.75 billion||View||Listen|
|10/16/2013||Q313||$0.58||$0.60||$3.75 billion||$3.76 billion||View||Listen|
|7/17/2013||Q2 2013||$0.57||$0.71||$3.70 billion||$3.79 billion||View||Listen|
|4/17/2013||Q1 2013||$0.47||$0.50||$3.61 billion||$3.61 billion||View||Listen|
|1/16/2013||Q4 2012||$0.55||$0.53||$3.61 billion||$3.60 billion||View||Listen|
Bank of New York Mellon (NYSE:BK) Earnings Estimates
2018 EPS Consensus Estimate: $3.99
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Bank of New York Mellon (NYSE:BK) Dividend Information
|Most Recent Dividend:||2/9/2018|
|Dividend Growth:||9.20% (3 Year Average)|
|Payout Ratio:||25.74% (Trailing 12 Months of Earnings) |
23.76% (Based on This Year's Estimates)
21.62% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Bank of New York Mellon (NYSE:BK) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Bank of New York Mellon (NYSE BK) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.76%
Institutional Ownership Percentage: 84.12%
Bank of New York Mellon (NYSE BK) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/9/2018||Trian Fund Management, L.P.||Director||Buy||360,000||$56.67||$20,401,200.00|| |
|2/22/2018||Bridget E Engle||Insider||Sell||38,928||$56.62||$2,204,103.36||68,046|| |
|12/1/2017||Thomas P Gibbons||CFO||Sell||38,152||$54.15||$2,065,930.80||310,002|| |
|11/22/2017||Edward P Garden||Director||Sell||143,792||$52.52||$7,551,955.84|| |
|11/20/2017||Edward P Garden||Director||Sell||650,000||$52.60||$34,190,000.00|| |
|11/3/2017||Brian T Shea||Vice Chairman||Sell||22,228||$51.26||$1,139,407.28||181,815|| |
|11/1/2017||Gerald L Hassell||Chairman||Sell||24,280||$51.69||$1,255,033.20||857,899|| |
|10/24/2017||Trian Fund Management, L.P.||Director||Sell||5,798,725||$52.42||$303,969,164.50|| |
|10/20/2017||Edward P Garden||Director||Sell||1,031,157||$53.13||$54,785,371.41|| |
|8/16/2017||Brian T Shea||Vice Chairman||Sell||44,250||$52.90||$2,340,825.00||204,043|| |
|8/15/2017||Gerald L Hassell||Chairman||Sell||1,788||$53.04||$94,835.52||872,606|| |
|8/9/2017||Trian Fund Management, L.P.||Director||Sell||10,000,000||$53.09||$530,900,000.00|| |
|8/8/2017||Charles W Scharf||CEO||Buy||186,900||$53.82||$10,058,958.00||73,640|| |
|8/8/2017||Thomas P Gibbons||Vice Chairman||Sell||184,380||$53.95||$9,947,301.00||455,927|| |
|8/7/2017||Gerald L Hassell||Chairman||Sell||700,719||$53.91||$37,775,761.29||1,253,522|| |
|4/24/2017||J Kevin Mccarthy||EVP||Sell||10,000||$47.64||$476,400.00||100,487|| |
|4/24/2017||Thomas P Gibbons||Vice Chairman||Sell||102,174||$47.71||$4,874,721.54||271,416|| |
|2/8/2017||Brian T Shea||Vice Chairman||Sell||199,676||$45.07||$8,999,397.32||348,486|| |
|10/31/2016||Gerald L Hassell||CEO||Sell||40,000||$34.35||$1,374,000.00||1,003,176|| |
|10/24/2016||Gerald L Hassell||CEO||Sell||191,042||$43.22||$8,256,835.24||1,003,176|| |
|10/24/2016||Mitchell E Harris||Insider||Sell||28,779||$43.55||$1,253,325.45||166,196|| |
|10/24/2016||Thomas P Gibbons||Vice Chairman||Sell||79,022||$43.20||$3,413,750.40||439,610|| |
|7/22/2016||Trian Fund Management, L.P.||Director||Buy||152,000||$38.87||$5,908,240.00|| |
|6/6/2016||Trian Fund Management, L.P.||Director||Buy||370,000||$42.39||$15,684,300.00|| |
|5/19/2016||Gerald L Hassell||CEO||Sell||24,598||$40.76||$1,002,614.48||1,013,795|| |
|5/16/2016||Trian Fund Management, L.P.||Director||Buy||20,700||$39.65||$820,755.00|| |
|5/12/2016||Thomas P Gibbons||CFO||Sell||376,054||$39.77||$14,955,667.58||541,932|| |
|5/4/2016||Karen B Peetz||President||Sell||65,000||$39.24||$2,550,600.00||221,769|| |
|4/28/2016||Mitchell E Harris||EVP||Sell||19,295||$40.66||$784,534.70||194,690|| |
|2/17/2016||Trian Fund Management, L.P.||Director||Buy||891,190||$35.10||$31,280,769.00|| |
|11/11/2015||Trian Fund Management, L.P.||Director||Buy||421,800||$43.94||$18,533,892.00|| |
|10/29/2015||Karen B. Peetz||President||Sell||42,015||$42.48||$1,784,797.20||179,644|| |
|10/26/2015||Gerald L Hassell||CEO||Sell||30,000||$41.91||$1,257,300.00||795,836|| |
|10/21/2015||Edward P Garden||Director||Buy||285,000||$41.34||$11,781,900.00|| |
|4/27/2015||Karen B Peetz||President||Sell||229,073||$42.19||$9,664,589.87|| |
|4/24/2015||Thomas P Gibbons||CFO||Sell||127,359||$41.93||$5,340,162.87|| |
|3/24/2015||Of New York Mellon Corp Bank||Major Shareholder||Buy||8,213||$14.00||$114,982.00|| |
|3/23/2015||Of New York Mellon Corp Bank||Major Shareholder||Buy||8,213||$14.25||$117,035.25|| |
|3/4/2015||Edward P Garden||Director||Buy||84,000||$39.43||$3,312,120.00|| |
|2/25/2015||Edward P Garden||Director||Buy||784,769||$39.78||$31,218,110.82|| |
|1/28/2015||Edward P Garden||Director||Buy||273,000||$36.63||$9,999,990.00|| |
|7/23/2014||Gerald L Hassell||CEO||Sell||60,000||$39.12||$2,347,200.00|| |
|7/23/2014||Thomas P Gibbons||CFO||Sell||145,667||$39.00||$5,681,013.00|| |
|7/21/2014||Brian G Rogan||Chairman||Sell||211,321||$38.31||$8,095,707.51|| |
|4/24/2014||Karen Peetz||President||Sell||115,351||$33.85||$3,904,631.35||196,005|| |
|4/23/2014||Ruth Bruch||Director||Sell||3,033||$34.03||$103,212.99||2,432|| |
|10/22/2013||Curtis Arledge||Chairman||Sell||115,880||$31.42||$3,640,949.60|| |
|10/18/2013||Karen B Peetz||President||Sell||55,000||$31.37||$1,725,350.00|| |
|8/14/2013||John Park||Insider||Sell||5,778||$30.72||$177,500.16||37,437|| |
|7/18/2013||Brian G Rogan||Chairman||Sell||50,000||$31.44||$1,572,000.00|| |
|9/12/2012||John A Park||Insider||Sell||4,754||$22.86||$108,676.44|| |
|9/12/2012||Timothy F Keaney||Chairman||Sell||10,000||$22.87||$228,700.00|| |
Bank of New York Mellon (NYSE BK) News Headlines
Bank of New York Mellon (NYSE:BK) SEC Filings
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Bank of New York Mellon (NYSE:BK) Income Statement, Balance Sheet and Cash Flow Statement
Bank of New York Mellon (NYSE BK) Stock Chart for Tuesday, March, 20, 2018