Should I buy or sell Bank of New York Mellon stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BK, but not buy additional shares or sell existing shares. View BK analyst ratings or view top-rated stocks .

What is Bank of New York Mellon's stock price target for 2024?

9 brokers have issued 1-year price targets for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $62.00. On average, they expect the company's stock price to reach $52.60 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View analysts price targets for BK or view top-rated stocks among Wall Street analysts .

How have BK shares performed in 2023?

Bank of New York Mellon's stock was trading at $45.52 at the start of the year. Since then, BK stock has increased by 6.4% and is now trading at $48.43. View the best growth stocks for 2023 here .

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 9,320,000 shares, an increase of 21.7% from the October 31st total of 7,660,000 shares. Based on an average trading volume of 4,750,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the shares of the company are sold short. View Bank of New York Mellon's Short Interest .

When is Bank of New York Mellon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024. View our BK earnings forecast .

How can I listen to Bank of New York Mellon's earnings call?

Bank of New York Mellon will be holding an earnings conference call on Friday, January 12th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Bank of New York Mellon's earnings last quarter?

The Bank of New York Mellon Co. (NYSE:BK) announced its quarterly earnings results on Tuesday, October, 17th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate of $1.15 by $0.12. The bank earned $4.37 billion during the quarter, compared to analyst estimates of $4.32 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 11.84% and a net margin of 11.81%. Bank of New York Mellon's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Read the conference call transcript .

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 announced a quarterly dividend on Tuesday, October 17th. Investors of record on Friday, October 27th will be given a dividend of $0.42 per share on Thursday, November 9th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, October 26th. Read our dividend analysis for BK .

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.45%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 34.01% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BK .

What ETFs hold Bank of New York Mellon's stock?

ETFs with the largest weight of Bank of New York Mellon (NYSE:BK) stock in their portfolio include Davis Select Financial ETF (DFNL) , Invesco KBW Bank ETF (KBWB) , USCF Dividend Income Fund (UDI) , Davis Select U.S. Equity ETF (DUSA) , VanEck Vectors Morningstar Global Wide Moat ETF (GOAT) , VanEck Morningstar Global Wide Moat ETF (MOTG) , American Century Focused Large Cap Value ETF (FLV) and Gabelli Financial Services Opportunities ETF (GABF) .

What is Todd Gibbons' approval rating as Bank of New York Mellon's CEO?

378 employees have rated Bank of New York Mellon Chief Executive Officer Todd Gibbons on Glassdoor.com . Todd Gibbons has an approval rating of 80% among the company's employees.

What other stocks do shareholders of Bank of New York Mellon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of New York Mellon investors own include Bank of America (BAC) , JPMorgan Chase & Co. (JPM) , Verizon Communications (VZ) , AT&T (T) , Intel (INTC) , Johnson & Johnson (JNJ) , Walt Disney (DIS) , Wells Fargo & Company (WFC) , Walmart (WMT) and Cisco Systems (CSCO) .

Who are Bank of New York Mellon's major shareholders?

Bank of New York Mellon's stock is owned by many different retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.55%), First Eagle Investment Management LLC (2.11%), Davis Selected Advisers (1.69%), FMR LLC (1.55%), American Century Companies Inc. (1.39%) and Northern Trust Corp (1.23%). Insiders that own company stock include J Kevin Mccarthy , Kurtis R Kurimsky , Salla Francis J La and Thomas P Gibbons . View institutional ownership trends .

How do I buy shares of Bank of New York Mellon?

Shares of BK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Bank of New York Mellon have any subsidiaries?

The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, Milestone Group, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited. Read More

Bank of New York Mellon Stock Price, News & Analysis (NYSE:BK)

$48.80

+0.37 (+0.76%)

(As of 10:09 AM ET)

Compare

Today's Range: $48.34
▼
$48.85
50-Day Range: $41.18
▼
$48.71
52-Week Range: $39.65
▼
$52.26

Volume: 288,230 shs
Average Volume: 5.07 million shs
Market Capitalization: $37.53 billion

P/E Ratio: 11.46
Dividend Yield: 3.44%
Price Target: $52.60

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 8.6% Upside
$52.60 Price Target
Short Interest: Healthy
1.21% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.21
Upright™ Environmental Score
News Sentiment: 0.90
Based on 17 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 1.44%
From $4.87 to $4.94 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Finance Sector

322nd out of 693 stocks

State Commercial Banks Industry

59th out of 139 stocks

1.2

Analyst's Opinion

Consensus Rating
Bank of New York Mellon has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $52.60, Bank of New York Mellon has a forecasted upside of 8.6% from its current price of $48.43.
Amount of Analyst Coverage
Bank of New York Mellon has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.21% of the float of Bank of New York Mellon has been sold short.
Short Interest Ratio / Days to Cover
Bank of New York Mellon has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of New York Mellon has recently increased by 21.67%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
Bank of New York Mellon pays a meaningful dividend of 3.45%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of New York Mellon has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Bank of New York Mellon is 39.44%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 34.01% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of New York Mellon has received a 1.59% net impact score from Upright. Bank of New York Mellon seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Securities brokerage services", "Foreign exchange services", and "Market data services" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of New York Mellon is -0.21.

3.3

News and Social Media Coverage

News Sentiment
Bank of New York Mellon has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Bank of New York Mellon this week, compared to 9 articles on an average week.
Search Interest
Only 8 people have searched for BK on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
9 people have added Bank of New York Mellon to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of New York Mellon insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.10% of the stock of Bank of New York Mellon is held by insiders.
Percentage Held by Institutions
81.29% of the stock of Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Bank of New York Mellon are expected to grow by 1.44% in the coming year, from $4.87 to $4.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of New York Mellon is 11.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of New York Mellon is 11.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.06.
Price to Earnings Growth Ratio
Bank of New York Mellon has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of New York Mellon has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bank of New York Mellon Stock (NYSE:BK)

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.

BK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BK Stock News Headlines

December 8, 2023 | finance.yahoo.com

Those who invested in Bank of New York Mellon (NYSE:BK) three years ago are up 29%

December 7, 2023 | markets.businessinsider.com

Hold Rating on Bank of New York Mellon Amid Strategic Optimism and Execution Uncertainty

December 8, 2023 | DTI Trader (Ad)

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December 7, 2023 | finance.yahoo.com

3 BNY Mellon Mutual Funds to Grab Amid Market Volatility

December 6, 2023 | msn.com

CEOs of biggest U.S. banks indicate they can meet proposed capital requirements

December 6, 2023 | reuters.com

US bank bosses to be grilled by senators

December 5, 2023 | finance.yahoo.com

Top Wall Street CEOs will testify before Congress Wednesday. Here's what to expect.

December 3, 2023 | americanbankingnews.com

Bank of New York Mellon (NYSE:BK) Price Target Increased to $48.00 by Analysts at Morgan Stanley

December 8, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

December 1, 2023 | bizjournals.com

BNY Mellon ups minimum wage, expands benefits

December 1, 2023 | finance.yahoo.com

BNY Mellon to raise minimum wage, add mental health benefits

November 30, 2023 | finance.yahoo.com

Possible Bearish Signals With Bank of New York Mellon Insiders Disposing Stock

November 29, 2023 | markets.businessinsider.com

Swiss Firm Pando Asset AG Joins Bitcoin ETF Race, Seeks Nasdaq Listing For Crypto Security

November 29, 2023 | americanbankingnews.com

The Bank of New York Mellon Co. (NYSE:BK) Given Consensus Recommendation of "Hold" by Brokerages

November 26, 2023 | bizjournals.com

BNY Mellon stakes wealth tech startup in Abu Dhabi

November 23, 2023 | morningstar.com

Bank of New York Mellon Corp BK

November 22, 2023 | finance.yahoo.com

With 85% institutional ownership, The Bank of New York Mellon Corporation (NYSE:BK) is a favorite amongst the big guns

November 21, 2023 | finance.yahoo.com

Lunate and BNY Mellon to Invest in New Wealth Technology Company

November 18, 2023 | finance.yahoo.com

Mario Gabelli Stock Portfolio: 10 Top Stock Picks

November 17, 2023 | finance.yahoo.com

This Week in ETFs: ARK & 21Shares on New Crypto Funds

November 17, 2023 | msn.com

Bank of New York Mellon announces redemption of 500K depositary shares

November 17, 2023 | finance.yahoo.com

BNY Mellon Announces Redemption of 500,000 Depositary Shares, Each Representing a 1/100th Interest in a Share of its Series D Noncumulative Perpetual Preferred Stock

November 13, 2023 | reuters.com

Inside Wall Street's scramble after ICBC hack

November 13, 2023 | finance.yahoo.com

BNY Mellon to Report Fourth Quarter 2023 Results on January 12, 2024

November 10, 2023 | msn.com

Exclusive: ICBC puts capital into US unit, seeks cyber review after hack

November 10, 2023 | msn.com

Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources

November 10, 2023 | finance.yahoo.com

Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion - sources

See More Headlines

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Company Calendar

Last Earnings: 10/17/2023
Ex-Dividend for 11/9 Dividend: 10/26/2023
Dividend Payable: 11/09/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Confirmed): 1/12/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: State commercial banks
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NYSE:BK
CUSIP: 06405810
CIK: 1390777
Web: www.bnymellon.com
Phone: (212) 495-1784
Fax: 302-655-5049
Employees: 51,700
Year Founded: 1784

Price Target and Rating

Average Stock Price Target: $52.60
High Stock Price Target: $62.00
Low Stock Price Target: $44.00
Potential Upside/Downside: +8.6%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.26
Trailing P/E Ratio: 11.37
Forward P/E Ratio: 9.94
P/E Growth: 1.13
Net Income: $2.57 billion
Net Margins: 11.81%
Pretax Margin: 14.80%
Return on Equity: 11.84%
Return on Assets: 1.02%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 0.71
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $19.99 billion
Price / Sales: 1.86
Cash Flow: $7.71 per share
Price / Cash Flow: 6.28
Book Value: $44.42 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 769,070,000
Free Float: 768,304,000
Market Cap: $37.25 billion
Optionable: Optionable
Beta: 1.11

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Key Executives

Mr. Robin Antony Vince (Age 52)
President, CEO & Director
Comp: $4.5M
Mr. Dermot William McDonogh (Age 59)
Senior Executive VP & CFO
Comp: $2.34M
Ms. Bridget E. Engle (Age 59)
Chief Information Officer & Global Head of Engineering
Comp: $2.83M
Mr. Roman Regelman (Age 51)
Senior EVP, Global Head of Securities Services & Digital
Comp: $2.58M
Ms. Emily Hope Portney (Age 51)
Senior Executive Vice President & Global Head of Asset Servicing
Comp: $2.58M
Ms. Hanneke Smits (Age 57)
Senior EVP & Global Head of Investment Management
Mr. Alejandro Perez
Chief Administrative Officer
Mr. Marius Merz
Head of Investor Relations
Mr. Mark Musi
Chief Compliance & Ethics Officer
Mr. Jane Kevin McCarthy (Age 58)
General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Bank of New York Mellon Stock? BK Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Bank of New York Mellon was last updated on Tuesday, November 28, 2023 at 11:20 AM.

Pros

Here are some ways that investors could benefit from investing in The Bank of New York Mellon Co.:

The Bank of New York Mellon Corporation offers a range of financial products and services, providing investors with diverse investment opportunities.
The Securities Services segment of the company offers various services such as custody, trust and depositary, accounting, and exchange-traded funds, which can help investors manage their assets effectively.
The Market and Wealth Services segment provides clearing and custody, investment, wealth and retirement solutions, and prime brokerage services, offering investors comprehensive wealth management options.
The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, allowing investors to access professional investment advice and diversified portfolios.
The Bank of New York Mellon Corporation serves a wide range of clients, including central banks, financial institutions, asset managers, insurance companies, and high net-worth individuals, providing investors with exposure to a diverse client base.

Cons

Investors should be bearish about investing in The Bank of New York Mellon Co. for these reasons:

Recent developments or financial performance of The Bank of New York Mellon Co. have not been provided, making it difficult to assess the current stock price and investment potential.
Investors should carefully consider the risks associated with the State commercial banks industry and the Asset Management & Custody Banks subindustry in which The Bank of New York Mellon Co. operates.
It is important for investors to conduct thorough research and analysis of the company's financial statements, market conditions, and competitive landscape before making investment decisions.
Investors should be aware of any regulatory or legal challenges that The Bank of New York Mellon Co. may face, as these factors can impact the company's financial performance and stock price.
Investors should also consider their own investment goals, risk tolerance, and time horizon before investing in The Bank of New York Mellon Co. or any other financial institution.

BK Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of New York Mellon stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BK, but not buy additional shares or sell existing shares.
View BK analyst ratings or view top-rated stocks.
What is Bank of New York Mellon's stock price target for 2024?: 9 brokers have issued 1-year price targets for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $62.00. On average, they expect the company's stock price to reach $52.60 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
View analysts price targets for BK or view top-rated stocks among Wall Street analysts.
How have BK shares performed in 2023?: Bank of New York Mellon's stock was trading at $45.52 at the start of the year. Since then, BK stock has increased by 6.4% and is now trading at $48.43.
View the best growth stocks for 2023 here.
Are investors shorting Bank of New York Mellon?: Bank of New York Mellon saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 9,320,000 shares, an increase of 21.7% from the October 31st total of 7,660,000 shares. Based on an average trading volume of 4,750,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the shares of the company are sold short.
View Bank of New York Mellon's Short Interest.
When is Bank of New York Mellon's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024.
View our BK earnings forecast.
How can I listen to Bank of New York Mellon's earnings call?: Bank of New York Mellon will be holding an earnings conference call on Friday, January 12th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Bank of New York Mellon's earnings last quarter?: The Bank of New York Mellon Co. (NYSE:BK) announced its quarterly earnings results on Tuesday, October, 17th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate of $1.15 by $0.12. The bank earned $4.37 billion during the quarter, compared to analyst estimates of $4.32 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 11.84% and a net margin of 11.81%. Bank of New York Mellon's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share.
Read the conference call transcript.
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 announced a quarterly dividend on Tuesday, October 17th. Investors of record on Friday, October 27th will be given a dividend of $0.42 per share on Thursday, November 9th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, October 26th.
Read our dividend analysis for BK.

Is Bank of New York Mellon a good dividend stock?: Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.45%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 34.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.
What ETFs hold Bank of New York Mellon's stock?: ETFs with the largest weight of Bank of New York Mellon (NYSE:BK) stock in their portfolio include Davis Select Financial ETF (DFNL), Invesco KBW Bank ETF (KBWB), USCF Dividend Income Fund (UDI), Davis Select U.S. Equity ETF (DUSA), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), VanEck Morningstar Global Wide Moat ETF (MOTG), American Century Focused Large Cap Value ETF (FLV) and Gabelli Financial Services Opportunities ETF (GABF).
What is Todd Gibbons' approval rating as Bank of New York Mellon's CEO?: 378 employees have rated Bank of New York Mellon Chief Executive Officer Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among the company's employees.
What other stocks do shareholders of Bank of New York Mellon own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of New York Mellon investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).
Who are Bank of New York Mellon's major shareholders?: Bank of New York Mellon's stock is owned by many different retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.55%), First Eagle Investment Management LLC (2.11%), Davis Selected Advisers (1.69%), FMR LLC (1.55%), American Century Companies Inc. (1.39%) and Northern Trust Corp (1.23%). Insiders that own company stock include J Kevin Mccarthy, Kurtis R Kurimsky, Salla Francis J La and Thomas P Gibbons.
View institutional ownership trends.
How do I buy shares of Bank of New York Mellon?: Shares of BK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Bank of New York Mellon have any subsidiaries?: The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, Milestone Group, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited.
Read More

This page (NYSE:BK) was last updated on 12/8/2023 by MarketBeat.com Staff

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View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
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Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

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