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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
New CBOE “special perk” helps traders target income every weekend (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
New CBOE “special perk” helps traders target income every weekend (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
New CBOE “special perk” helps traders target income every weekend (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
New CBOE “special perk” helps traders target income every weekend (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
New CBOE “special perk” helps traders target income every weekend (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
New CBOE “special perk” helps traders target income every weekend (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

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

$48.71
+0.39 (+0.81%)
(As of 12/1/2023 ET)
Compare
Today's Range
$48.05
$48.98
50-Day Range
$41.18
$48.71
52-Week Range
$39.65
$52.26
Volume
3.27 million shs
Average Volume
4.49 million shs
Market Capitalization
$37.46 billion
P/E Ratio
11.43
Dividend Yield
3.45%
Price Target
$52.60

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
8.0% 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
1.01mentions of Bank of New York Mellon in the last 14 days
Based on 14 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.

2.20 out of 5 stars

Financial Services Sector

12th out of 39 stocks

Asset Management Industry

1st out of 7 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

BNY Mellon ups minimum wage, expands benefits
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
BNY Mellon stakes wealth tech startup in Abu Dhabi
Bank of New York Mellon Corp BK
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.
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This Week in ETFs: ARK & 21Shares on New Crypto Funds
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BNY Mellon: Cheap But Without Growth Prospects
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
12/02/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
1/12/2024

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
Asset Management & Custody Banks
CUSIP
06405810
Employees
53,600
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
+8.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$2.57 billion
Pretax Margin
14.80%

Debt

Sales & Book Value

Annual Sales
$19.99 billion
Cash Flow
$7.82 per share
Book Value
$47.05 per share

Miscellaneous

Free Float
768,304,000
Market Cap
$37.46 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 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 equities research 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 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?

9 equities research analysts have issued 12-month 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 predict the company's stock price to reach $52.60 in the next year. This suggests a possible upside of 8.0% 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 7.0% and is now trading at $48.71.
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 during 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 daily volume of 4,750,000 shares, the short-interest ratio is currently 2.0 days. Approximately 1.2% of the company's stock are short sold.
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) posted its quarterly earnings data on Tuesday, October, 17th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.12. The bank earned $4.37 billion during the quarter, compared to the consensus estimate of $4.32 billion. Bank of New York Mellon had a net margin of 11.81% and a trailing twelve-month return on equity of 11.84%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior 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 declared a quarterly dividend on Tuesday, October 17th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.42 per share on Thursday, November 9th. This represents a $1.68 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date 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 3.48%. 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 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 a variety of retail and institutional investors. Top institutional investors 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 12/3/2023 by MarketBeat.com Staff

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