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NYSE:BK

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

$55.49
0.00 (0.00%)
(As of 03/4/2024 ET)
Today's Range
$55.16
$56.21
50-Day Range
$51.81
$56.09
52-Week Range
$39.65
$56.42
Volume
3.89 million shs
Average Volume
4.19 million shs
Market Capitalization
$41.78 billion
P/E Ratio
13.98
Dividend Yield
3.03%
Price Target
$54.75

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
1.3% Downside
$54.75 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
1.04mentions of Bank of New York Mellon in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.10 M Sold Last Quarter
Proj. Earnings Growth
12.21%
From $5.24 to $5.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.20 out of 5 stars

Finance Sector

257th out of 863 stocks

State Commercial Banks Industry

57th out of 183 stocks


BK stock logo

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

BK Stock News Headlines

Bank of New York Mellon Corp.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
BK Apr 2024 60.000 call
BK Mar 2024 57.500 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
The Bank of New York Mellon Corporation (BK)
Bank of New York Mellon Corp
Bank of New York Mellon Corp Insider Sells Shares
New Strong Buy Stocks for February 2nd
See More Headlines
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Company Calendar

Last Earnings
1/12/2024
Ex-Dividend for 2/2 Dividend
1/19/2024
Dividend Payable
2/02/2024
Today
3/04/2024
Next Earnings (Confirmed)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
CUSIP
06405810
Employees
53,400
Year Founded
1784

Price Target and Rating

Average Stock Price Target
$54.75
High Stock Price Target
$65.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$3.29 billion
Pretax Margin
12.09%

Debt

Sales & Book Value

Annual Sales
$33.81 billion
Cash Flow
$7.75 per share
Book Value
$47.56 per share

Miscellaneous

Free Float
751,817,000
Market Cap
$41.78 billion
Optionable
Optionable
Beta
1.11

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Key Executives

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 Friday, March 1, 2024 at 12:04 PM.

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 Co. has shown consistent growth in its stock price, currently trading at a favorable price level.
  • The company offers a wide range of financial products and services, catering to various client segments including institutions, local authorities, high net-worth individuals, and family offices.
  • Recent developments indicate positive market sentiment towards The Bank of New York Mellon Co., with a strong consensus rating from analysts.
  • The company has a long-standing history dating back to 1784, showcasing stability and reliability in the financial sector.
  • The Bank of New York Mellon Co. has a diverse portfolio of offerings, providing investors with exposure to different sectors and markets.

Cons

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

  • Canadian Banc Corp. is a close-ended equity mutual fund managed by Quadravest Capital Management Inc., not directly related to The Bank of New York Mellon Co.
  • The Bank of New York Mellon Corporation, while offering a range of financial products and services, may face competition in the market from other financial institutions.
  • Investors should consider the overall market conditions and economic factors that could impact the performance of The Bank of New York Mellon Co.'s stock.
  • It is important to conduct thorough research and analysis before making investment decisions in The Bank of New York Mellon Co., considering both the pros and cons.
  • While the company has a strong history, past performance is not indicative of future results, and investors should assess the current market environment.














BK Stock Analysis - Frequently Asked Questions

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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?

8 brokers have issued 12 month price objectives for Bank of New York Mellon's shares. Their BK share price targets range from $44.00 to $65.00. On average, they anticipate the company's stock price to reach $54.75 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for BK
or view top-rated stocks among Wall Street analysts.

How have BK shares performed in 2024?

Bank of New York Mellon's stock was trading at $52.05 on January 1st, 2024. Since then, BK stock has increased by 6.6% and is now trading at $55.49.
View the best growth stocks for 2024 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in February. As of February 15th, there was short interest totaling 7,570,000 shares, an increase of 9.1% from the January 31st total of 6,940,000 shares. Based on an average daily volume of 4,020,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.0% of the shares of the stock 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 Tuesday, April 16th 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 Tuesday, April 16th at 11:00 AM 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) released its earnings results on Friday, January, 12th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The bank earned $4.31 billion during the quarter, compared to analyst estimates of $4.30 billion. Bank of New York Mellon had a net margin of 10.01% and a trailing twelve-month return on equity of 11.63%. The firm's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS.
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 declared a quarterly dividend on Friday, January 12th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.42 per share on Friday, February 2nd. This represents a $1.68 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, January 19th.
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 3.03%. 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 42.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

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 investors include Vanguard Group Inc. (9.69%), Dodge & Cox (7.64%), Artisan Partners Limited Partnership (2.57%), First Eagle Investment Management LLC (2.11%), Norges Bank (2.03%) and Hotchkis & Wiley Capital Management LLC (1.24%). Insiders that own company stock include Catherine Keating, Hanneke Smits, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/4/2024 by MarketBeat.com Staff