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NYSE:BK

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

$53.81
-1.28 (-2.32%)
(As of 03:34 PM ET)
Today's Range
$52.64
$55.69
50-Day Range
$53.89
$57.66
52-Week Range
$39.65
$58.28
Volume
6.10 million shs
Average Volume
3.99 million shs
Market Capitalization
$40.51 billion
P/E Ratio
13.55
Dividend Yield
3.12%
Price Target
$56.72

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
5.1% Upside
$56.72 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.63mentions of Bank of New York Mellon in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$1.10 M Sold Last Quarter
Proj. Earnings Growth
11.07%
From $5.33 to $5.92 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.

4.34 out of 5 stars

Finance Sector

224th out of 852 stocks

State Commercial Banks Industry

57th out of 176 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 Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

BK Stock Price History

BK Stock News Headlines

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Trading around earnings announcements (Pre-Earnings, Into-Earnings, and Post-Earnings) provides a unique trading opportunity. That is because trading around earnings announcements presents short-term trading opportunities (these are great because they don’t tie your money up for very long).
Your eBook: Mastering Earnings Announcements Trading
Trading around earnings announcements (Pre-Earnings, Into-Earnings, and Post-Earnings) provides a unique trading opportunity. That is because trading around earnings announcements presents short-term trading opportunities (these are great because they don’t tie your money up for very long).
BNY Mellon Posts Highest Ever Quarterly Revenue
BNY Mellon Declares Dividends
BNY Mellon Reports First Quarter 2024 Results
BNY Mellon 2024 Annual Meeting of Stockholders
See More Headlines
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Company Calendar

Last Earnings
10/17/2023
Ex-Dividend for 2/2 Dividend
1/19/2024
Dividend Payable
2/02/2024
Today
4/16/2024
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
$56.72
High Stock Price Target
$65.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+3.0%
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
$17.29 billion
Cash Flow
$7.86 per share
Book Value
$48.17 per share

Miscellaneous

Free Float
751,817,000
Market Cap
$41.48 billion
Optionable
Optionable
Beta
1.12

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Key Executives

  • Mr. Robin Antony Vince (Age 52)
    President, CEO & Director
    Comp: $6.78M
  • Mr. Dermot William McDonogh (Age 60)
    Senior Executive VP & CFO
    Comp: $6.07M
  • Ms. Catherine M. Keating (Age 62)
    Senior Executive VP & Global Head of Wealth Management
    Comp: $2.48M
  • Mr. Roman Regelman (Age 52)
    Senior Executive VP and Global Head of Securities Services & Digital
    Comp: $2.65M
  • Mr. Senthil S. Kumar (Age 58)
    Senior EVP & Chief Risk Officer
    Comp: $2.75M
  • Ms. Hanneke SmitsMs. Hanneke Smits (Age 58)
    Senior EVP & Global Head of Investment Management
  • Mr. Alejandro Perez
    Chief Administrative Officer & Interim Chief People Officer
  • Mr. Marius Merz
    Head of Investor Relations
  • Mr. Mark Musi
    Chief Compliance & Ethics Officer
  • Mr. Jane Kevin McCarthyMr. Jane Kevin McCarthy (Age 59)
    Senior EVP & General Counsel

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

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 wide range of financial products and services, catering to various needs of clients, including custody, trust, accounting, and investment management services.
  • The company has a strong presence both in the United States and internationally, offering diversified solutions to a broad client base, which can potentially lead to stable revenue streams.
  • With a focus on Securities Services, Market and Wealth Services, and Investment and Wealth Management, The Bank of New York Mellon Co. covers a comprehensive spectrum of financial services, providing a one-stop solution for clients.
  • Recent developments indicate a positive trend in the stock price of The Bank of New York Mellon Co., reflecting potential growth opportunities and investor confidence in the company's performance.
  • The Bank of New York Mellon Co. serves a wide range of clients, including central banks, asset managers, corporations, and high net-worth individuals, showcasing its ability to cater to diverse financial needs and establish long-term relationships.

Cons

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

  • As an Asset Management & Custody Bank, The Bank of New York Mellon Co. may be susceptible to market fluctuations and regulatory changes that could impact its financial performance and client relationships.
  • The high percentage of institutional ownership (85.31%) in the company's stock may lead to limited trading liquidity and potential volatility in the stock price, affecting individual investors' ability to enter or exit positions easily.
  • While offering a diverse range of financial services, The Bank of New York Mellon Co. faces competition from other financial institutions and fintech companies, which could potentially impact its market share and profitability in the long run.
  • Investing in The Bank of New York Mellon Co. involves exposure to various financial instruments and services, which may carry inherent risks related to market conditions, interest rates, and regulatory changes that could affect the company's financial performance.
  • Given the dynamic nature of the financial industry, investors should carefully monitor macroeconomic trends, regulatory developments, and competitive landscape to assess the potential risks associated with investing in The Bank of New York Mellon Co. and make informed decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Bank of New York Mellon pros and cons to contact@marketbeat.com.

BK Stock Analysis - Frequently Asked Questions

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

8 Wall Street 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 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 equities research analysts have issued 1-year price targets for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $65.00. On average, they anticipate the company's stock price to reach $56.72 in the next twelve months. This suggests a possible upside of 5.1% 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 2024?

Bank of New York Mellon's stock was trading at $52.05 at the beginning of 2024. Since then, BK stock has increased by 3.7% and is now trading at $53.97.
View the best growth stocks for 2024 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 7,070,000 shares, a drop of 6.9% from the March 15th total of 7,590,000 shares. Based on an average daily trading volume, of 3,960,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 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 were Bank of New York Mellon's earnings last quarter?

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings results on Tuesday, April, 16th. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.19 by $0.10. The bank earned $4.53 billion during the quarter, compared to analyst estimates of $4.39 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 company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.13 EPS.

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, April 16th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.42 per share on Thursday, May 9th. This represents a $1.68 dividend on an annualized basis and a yield of 3.11%.
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 28.38% 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 retail and institutional investors. Top institutional investors include Miller Howard Investments Inc. NY (0.15%), Matrix Asset Advisors Inc. NY (0.07%), CWM LLC (0.06%), Matthew Goff Investment Advisor LLC (0.04%), Cacti Asset Management LLC (0.03%) and Cardinal Capital Management (0.02%). 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 4/16/2024 by MarketBeat.com Staff

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