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

10 Wall Street 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 5 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.
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10 brokerages have issued 12 month price targets for Bank of New York Mellon's shares. Their BK share price forecasts range from $44.00 to $62.00. On average, they expect the company's stock price to reach $53.00 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
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Bank of New York Mellon's stock was trading at $45.52 at the beginning of the year. Since then, BK shares have decreased by 5.8% and is now trading at $42.89.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our BK earnings forecast.

Bank of New York Mellon will be holding an earnings conference call on Tuesday, October 17th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings results on Tuesday, July, 18th. The bank reported $1.38 EPS for the quarter, topping the consensus estimate of $1.22 by $0.16. The bank earned $4.45 billion during the quarter, compared to analysts' expectations of $4.37 billion. Bank of New York Mellon had a net margin of 10.95% and a trailing twelve-month return on equity of 11.88%. Bank of New York Mellon's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share.
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Bank of New York Mellon announced a quarterly dividend on Tuesday, July 18th. Investors of record on Friday, July 28th will be given a dividend of $0.42 per share on Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for BK.

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 CenturyFocused Large Cap Value ETF (FLV) and Gabelli Financial Services Opportunities ETF (GABF).

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.93%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 33.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

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.

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).

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

Bank of New York Mellon's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.29%), State Street Corp (4.04%), Artisan Partners Limited Partnership (2.60%), Geode Capital Management LLC (1.99%), Longview Partners Guernsey LTD (1.64%) and Bank Julius Baer & Co. Ltd Zurich (1.37%). Insiders that own company stock include J Kevin Mccarthy, Kurtis R Kurimsky, Salla Francis J La and Thomas P Gibbons.
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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.
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One share of BK stock can currently be purchased for approximately $42.89.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $33.40 billion and generates $19.99 billion in revenue each year. The bank earns $2.57 billion in net income (profit) each year or $3.43 on an earnings per share basis.

The company employs 51,700 workers across the globe.

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