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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:BK

Bank of New York Mellon Stock Forecast, Price & News

$43.60
+1.60 (+3.81%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$42.03
$43.79
50-Day Range
$40.60
$47.02
52-Week Range
$40.26
$64.63
Volume
15.20 million shs
Average Volume
4.15 million shs
Market Capitalization
$35.22 billion
P/E Ratio
10.79
Dividend Yield
3.12%
Price Target
$56.38
30 days | 90 days | 365 days | Advanced Chart

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BK Stock Forecast (MarketRank)

Overall MarketRank

3.67 out of 5 stars

Finance Sector

16th out of 1,364 stocks

State Commercial Banks Industry

4th out of 239 stocks

Analyst Opinion: 4.1Community Rank: 4.7Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -
Bank of New York Mellon logo

About Bank of New York Mellon (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, prime brokerage, 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; and clearance and collateral management 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 News Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
49,100
Year Founded
1784

Company Calendar

Last Earnings
4/18/2022
Ex-Dividend for 5/11 Dividend
4/27/2022
Dividend Payable
5/11/2022
Today
6/26/2022
Next Earnings (Confirmed)
7/15/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$55.79
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+29.3%
Consensus Rating
Hold
Rating Score (0-4)
2.23076923076923
Research Coverage
14 Analysts

Profitability

Net Income
$3.76 billion
Pretax Margin
27.31%

Debt

Sales & Book Value

Annual Sales
$16.16 billion
Cash Flow
$6.86 per share
Book Value
$46.49 per share

Miscellaneous

Free Float
807,152,000
Market Cap
$35.22 billion
Optionable
Optionable
Beta
1.14

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Bank of New York Mellon Frequently Asked Questions

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

14 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 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Bank of New York Mellon stock. 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 analyst ratings for Bank of New York Mellon
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2022?

14 Wall Street research analysts have issued 12-month target prices for Bank of New York Mellon's shares. Their BK stock forecasts range from $45.00 to $70.00. On average, they expect Bank of New York Mellon's share price to reach $55.79 in the next twelve months. This suggests a possible upside of 27.9% from the stock's current price.
View analysts' price targets for Bank of New York Mellon
or view top-rated stocks among Wall Street analysts.

How has Bank of New York Mellon's stock performed in 2022?

Bank of New York Mellon's stock was trading at $58.08 on January 1st, 2022. Since then, BK stock has decreased by 24.9% and is now trading at $43.60.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a drop in short interest in May. As of May 15th, there was short interest totaling 6,650,000 shares, a drop of 23.3% from the April 30th total of 8,670,000 shares. Based on an average daily volume of 5,920,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% 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?

Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Friday, July 15th 2022.
View our earnings forecast for Bank of New York Mellon
.

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, July 15th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "5049084".

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 Monday, April, 18th. The bank reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The bank earned $3.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Bank of New York Mellon had a net margin of 22.31% and a trailing twelve-month return on equity of 9.33%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share.
View Bank of New York Mellon's earnings history
.

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 Monday, April 18th. Stockholders of record on Thursday, April 28th will be paid a dividend of $0.34 per share on Wednesday, May 11th. This represents a $1.36 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, April 27th.
View Bank of New York Mellon's dividend history
.

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon(NYSE:BK) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.12%. Bank of New York Mellon has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Bank of New York Mellon is 33.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 26.00% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend.
View Bank of New York Mellon's dividend history.

How will Bank of New York Mellon's stock buyback program work?

Bank of New York Mellon declared that its Board of Directors has approved a share buyback plan on Monday, June 28th 2021, which allows the company to repurchase $6,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Who are Bank of New York Mellon's key executives?

Bank of New York Mellon's management team includes the following people:
  • Mr. Thomas P. Gibbons, CEO & Director (Age 65, Pay $4.99M)
  • Mr. Robin Antony Vince, Pres (Age 50, Pay $7.77M)
  • Ms. Emily Hope Portney, Sr. EVP & CFO (Age 50, Pay $2.06M)
  • Ms. Bridget E. Engle, Chief Operations & Technology Officer (Age 58, Pay $2.83M) (LinkedIn Profile)
  • Mr. Senthil S. Kumar, Sr. EVP & Chief Risk Officer (Age 56, Pay $2.5M)
  • Mr. Marius Merz, Head of Investor Relations
  • Mr. Mark Musi, Chief Compliance & Ethics Officer
  • Mr. Jane Kevin McCarthy, Sr. EVP & Gen. Counsel (Age 57) (LinkedIn Profile)
  • Ms. Natalie Sunderland, Global Head of Marketing & Communications
  • Ms. Jolen Anderson, Sr. EVP & Global Head of HR (Age 43)

What is Todd Gibbons' approval rating as Bank of New York Mellon's CEO?

378 employees have rated Bank of New York Mellon CEO Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among Bank of New York Mellon'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 (WFC), Walmart (WMT) and Cisco Systems (CSCO).

What is Bank of New York Mellon's stock symbol?

Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the ticker symbol "BK."

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 shareholders include Vanguard Group Inc. (8.07%), BlackRock Inc. (6.88%), State Street Corp (4.40%), First Eagle Investment Management LLC (1.96%), American Century Companies Inc. (1.79%) and Northern Trust Corp (1.05%). Company insiders that own Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Salla Francis J La, Thomas P Gibbons and William M Daley.
View institutional ownership trends for Bank of New York Mellon
.

Which major investors are selling Bank of New York Mellon stock?

BK stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., First Trust Advisors LP, State Street Corp, Royal Bank of Canada, UBS Group AG, Vanguard Group Inc., Bank of America Corp DE, and Bronte Capital Management Pty Ltd.. Company insiders that have sold Bank of New York Mellon company stock in the last two years include J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, and Salla Francis J La.
View insider buying and selling activity for Bank of New York Mellon
or view top insider-selling stocks.

Which major investors are buying Bank of New York Mellon stock?

BK stock was bought by a variety of institutional investors in the last quarter, including AGF Investments Inc., American Century Companies Inc., Qube Research & Technologies Ltd, Gillson Capital LP, Prana Capital Management LP, Robeco Institutional Asset Management B.V., Victory Capital Management Inc., and Canada Pension Plan Investment Board.
View insider buying and selling activity for Bank of New York Mellon
or or view top insider-buying stocks.

How do I buy shares of Bank of New York Mellon?

Shares of BK 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.

What is Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $43.60.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $35.22 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $4.039990 on an earnings per share basis.

How many employees does Bank of New York Mellon have?

Bank of New York Mellon employs 49,100 workers across the globe.

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

When was Bank of New York Mellon founded?

Bank of New York Mellon was founded in 1784.

How can I contact Bank of New York Mellon?

Bank of New York Mellon's mailing address is 240 GREENWICH STREET, NEW YORK NY, 10286. The official website for Bank of New York Mellon is www.bnymellon.com. The bank can be reached via phone at (212) 495-1784, via email at [email protected], or via fax at 302-655-5049.

This page (NYSE:BK) was last updated on 6/26/2022 by MarketBeat.com Staff

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