QQQ   438.07 (+2.93%)
AAPL   184.37 (+1.12%)
MSFT   411.65 (+2.35%)
META   486.13 (+3.87%)
GOOGL   144.09 (+1.08%)
AMZN   174.58 (+3.55%)
TSLA   197.41 (+1.36%)
NVDA   785.38 (+16.40%)
NIO   5.85 (-2.01%)
AMD   181.86 (+10.69%)
BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
F   12.12 (-0.16%)
MU   85.91 (+5.42%)
CGC   3.37 (-2.03%)
GE   151.67 (+1.74%)
DIS   107.63 (-0.04%)
AMC   4.42 (-3.28%)
PFE   27.55 (-0.43%)
PYPL   58.35 (+1.51%)
XOM   104.76 (-0.09%)
QQQ   438.07 (+2.93%)
AAPL   184.37 (+1.12%)
MSFT   411.65 (+2.35%)
META   486.13 (+3.87%)
GOOGL   144.09 (+1.08%)
AMZN   174.58 (+3.55%)
TSLA   197.41 (+1.36%)
NVDA   785.38 (+16.40%)
NIO   5.85 (-2.01%)
AMD   181.86 (+10.69%)
BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
F   12.12 (-0.16%)
MU   85.91 (+5.42%)
CGC   3.37 (-2.03%)
GE   151.67 (+1.74%)
DIS   107.63 (-0.04%)
AMC   4.42 (-3.28%)
PFE   27.55 (-0.43%)
PYPL   58.35 (+1.51%)
XOM   104.76 (-0.09%)
QQQ   438.07 (+2.93%)
AAPL   184.37 (+1.12%)
MSFT   411.65 (+2.35%)
META   486.13 (+3.87%)
GOOGL   144.09 (+1.08%)
AMZN   174.58 (+3.55%)
TSLA   197.41 (+1.36%)
NVDA   785.38 (+16.40%)
NIO   5.85 (-2.01%)
AMD   181.86 (+10.69%)
BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
F   12.12 (-0.16%)
MU   85.91 (+5.42%)
CGC   3.37 (-2.03%)
GE   151.67 (+1.74%)
DIS   107.63 (-0.04%)
AMC   4.42 (-3.28%)
PFE   27.55 (-0.43%)
PYPL   58.35 (+1.51%)
XOM   104.76 (-0.09%)
QQQ   438.07 (+2.93%)
AAPL   184.37 (+1.12%)
MSFT   411.65 (+2.35%)
META   486.13 (+3.87%)
GOOGL   144.09 (+1.08%)
AMZN   174.58 (+3.55%)
TSLA   197.41 (+1.36%)
NVDA   785.38 (+16.40%)
NIO   5.85 (-2.01%)
AMD   181.86 (+10.69%)
BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
F   12.12 (-0.16%)
MU   85.91 (+5.42%)
CGC   3.37 (-2.03%)
GE   151.67 (+1.74%)
DIS   107.63 (-0.04%)
AMC   4.42 (-3.28%)
PFE   27.55 (-0.43%)
PYPL   58.35 (+1.51%)
XOM   104.76 (-0.09%)
NYSE:BK

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

$55.35
+0.23 (+0.42%)
(As of 02/22/2024 ET)
Today's Range
$55.04
$55.63
50-Day Range
$50.90
$56.04
52-Week Range
$39.65
$56.42
Volume
3.04 million shs
Average Volume
4.25 million shs
Market Capitalization
$42.57 billion
P/E Ratio
13.94
Dividend Yield
3.04%
Price Target
$54.75

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
1.1% Downside
$54.75 Price Target
Short Interest
Healthy
0.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
1.11mentions of Bank of New York Mellon in the last 14 days
Based on 13 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.

4.27 out of 5 stars

Finance Sector

229th out of 817 stocks

State Commercial Banks Industry

50th out of 172 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

The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
BK Mar 2024 57.500 put
Bank of New York Mellon (NYSE:BK) PT Raised to $65.00 at Citigroup
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
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
Receive BK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of New York Mellon and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
1/12/2024
Ex-Dividend for 2/2 Dividend
1/19/2024
Dividend Payable
2/02/2024
Today
2/22/2024
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
51,700
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
-1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$3.38 billion
Pretax Margin
32.04%

Debt

Sales & Book Value

Annual Sales
$17.15 billion
Cash Flow
$5.60 per share
Book Value
$47.69 per share

Miscellaneous

Free Float
768,304,000
Market Cap
$42.57 billion
Optionable
Optionable
Beta
1.12

Social Links

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

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 Monday, February 19, 2024 at 7:57 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 Corporation provides a range of financial products and services in the United States and internationally, catering to a diverse client base including corporations, institutions, local authorities, high net-worth individuals, and family offices.
  • Recent developments show that The Bank of New York Mellon Co. has a strong track record of providing financial solutions and services since its founding in 1784, indicating stability and experience in the industry.
  • Canadian Banc Corp., a close-ended equity mutual fund managed by Quadravest Capital Management Inc., has invested in The Bank of New York Mellon Co., showcasing confidence in the company's potential for growth and profitability.
  • The current stock price of The Bank of New York Mellon Co. has shown positive trends in recent periods, reflecting potential value for investors looking to capitalize on market opportunities.
  • The company's wide range of financial products and services positions it well to adapt to changing market conditions and meet the diverse needs of its clients, enhancing its long-term growth prospects.

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 that has invested in The Bank of New York Mellon Co., which may indicate a potential risk associated with market volatility and fluctuations in the financial sector.
  • While The Bank of New York Mellon Co. has a long history in the industry, investors should consider the competitive landscape and potential challenges posed by emerging technologies and regulatory changes that could impact the company's performance.
  • Market conditions and economic uncertainties may affect the financial services sector, including The Bank of New York Mellon Co., leading to fluctuations in stock prices and investment returns.
  • Investors should carefully monitor the current price of The Bank of New York Mellon Co. stock and consider factors such as market trends, economic indicators, and company performance before making investment decisions.
  • While the company offers a wide range of financial products and services, investors should assess the potential risks associated with market dynamics, regulatory changes, and global economic conditions that could impact the company's operations and financial results.














BK Stock Analysis - Frequently Asked Questions

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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year price objectives for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $65.00. On average, they predict the company's stock price to reach $54.75 in the next year. This suggests that the stock has a possible downside of 1.1%.
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 at the beginning of the year. Since then, BK shares have increased by 6.3% and is now trading at $55.35.
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 during the month of January. As of January 31st, there was short interest totaling 6,940,000 shares, an increase of 14.1% from the January 15th total of 6,080,000 shares. Based on an average daily trading volume, of 4,330,000 shares, the short-interest ratio is currently 1.6 days. Approximately 0.9% of the company's 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) announced its earnings results on Friday, January, 12th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The bank earned $4.31 billion during the quarter, compared to analysts' expectations 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 11.62%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $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. Stockholders of record on Monday, January 22nd will be given a dividend of $0.42 per share on Friday, February 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend 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 3.05%. 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 a number of institutional and retail investors. Top institutional shareholders 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 2/22/2024 by MarketBeat.com Staff