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

$48.24
+0.69 (+1.45%)
(As of 03:40 PM ET)
Compare
Today's Range
$47.44
▼
$48.26
50-Day Range
$41.18
▼
$47.55
52-Week Range
$39.65
▼
$52.26
Volume
2.11 million shs
Average Volume
5.09 million shs
Market Capitalization
$37.10 billion
P/E Ratio
11.32
Dividend Yield
3.48%
Price Target
$52.40
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
9.2% Upside
$52.40 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
0.95mentions of Bank of New York Mellon in the last 14 days
Based on 11 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.

2.28 out of 5 stars

Finance Sector

240th out of 877 stocks

State Commercial Banks Industry

51st out of 186 stocks

See Top Rated MarketRank™ Stocks Here

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

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 30, 2023 | Tomorrow Investor (Ad)
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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 30, 2023 | Autonomix (Ad)
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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
November 10, 2023 | benzinga.com
(BK) - Analyzing Bank of New York Mellon's Short Interest
November 10, 2023 | finance.yahoo.com
BNY keeps ICBC off Treasury platform, waits for all-clear -sources
November 8, 2023 | finance.yahoo.com
BNY Mellon to Speak at the Goldman Sachs Financial Services Conference
October 30, 2023 | finance.yahoo.com
Here's Why The Bank of New York Mellon Corporation (BK) is a Strong Value Stock
October 30, 2023 | seekingalpha.com
BNY Mellon: Cheap But Without Growth Prospects
October 26, 2023 | bizjournals.com
BNY Mellon debuts white labeling service for its LiquidityDirect portal
October 26, 2023 | msn.com
Bank Of New York Mellon (BK) Declares $0.42 Dividend
October 26, 2023 | finance.yahoo.com
Bank of New York Mellon Corp's Dividend Analysis
October 25, 2023 | markets.businessinsider.com
BNY Mellon Launches New FX Platform
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
11/30/2023
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
$52.40
High Stock Price Target
$62.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+10.2%
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
11.16
Forward P/E Ratio
9.76
P/E Growth
1.09
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
1.83
Cash Flow
$7.85 per share
Price / Cash Flow
6.06
Book Value
$47.05 per share
Price / Book
1.01

Miscellaneous

Outstanding Shares
769,070,000
Free Float
768,304,000
Market Cap
$36.57 billion
Optionable
Optionable
Beta
1.10

Social Links

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Key Executives

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 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 brokers have issued 1 year price objectives for Bank of New York Mellon's shares. Their BK share price targets range from $44.00 to $62.00. On average, they predict the company's share price to reach $52.40 in the next twelve months. This suggests a possible upside of 8.8% 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 beginning of the year. Since then, BK shares have increased by 5.8% and is now trading at $48.18.
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 trading volume of 4,750,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% 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 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) released its earnings results on Tuesday, October, 17th. The bank reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.12. The bank had revenue of $4.37 billion for the quarter, compared to analyst estimates 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%. Bank of New York Mellon's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company 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. 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 annualized dividend and a yield of 3.49%. 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 3.57%. 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 a number of institutional and retail 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%), Northern Trust Corp (1.23%) and Victory Capital Management Inc. (1.12%). 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 11/30/2023 by MarketBeat.com Staff

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