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NYSE:BK

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

$65.35
+0.54 (+0.83%)
(As of 07/26/2024 ET)
Today's Range
$64.93
$65.86
50-Day Range
$57.76
$65.71
52-Week Range
$39.66
$65.90
Volume
3.90 million shs
Average Volume
3.84 million shs
Market Capitalization
$48.87 billion
P/E Ratio
15.13
Dividend Yield
2.88%
Price Target
$65.23

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
0.2% Downside
$65.23 Price Target
Short Interest
Healthy
0.85% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.80mentions of Bank of New York Mellon in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$2.22 M Sold Last Quarter
Proj. Earnings Growth
10.39%
From $5.58 to $6.16 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.

4.86 out of 5 stars

Finance Sector

29th out of 898 stocks

State Commercial Banks Industry

3rd out of 181 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

Financial markets news icon
AT&T, Wells Fargo fall; Fastenal, Bank of New York Mellon rise, Friday, 7/12/2024
Stocks that traded heavily or had substantial price changes on Friday: AT&T, Wells Fargo fall; Fastenal, Bank of New York Mellon rise
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
KBW Reaffirms Their Buy Rating on Bank of New York Mellon Corporation (BK)
Bank of New York Mellon Corp (BN9.HA)
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
See More Headlines
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Company Calendar

Ex-Dividend for 5/9 Dividend
4/25/2024
Dividend Payable
5/09/2024
Last Earnings
7/12/2024
Ex-Dividend for 8/2 Dividend
7/22/2024
Today
7/26/2024
Dividend Payable
8/02/2024
Next Earnings (Estimated)
10/15/2024
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
$65.23
High Stock Price Target
$75.00
Low Stock Price Target
$54.50
Potential Upside/Downside
-0.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$3.29 billion
Pretax Margin
11.47%

Debt

Sales & Book Value

Annual Sales
$33.81 billion
Cash Flow
$8.03 per share
Book Value
$49.06 per share

Miscellaneous

Free Float
746,769,000
Market Cap
$48.87 billion
Optionable
Optionable
Beta
1.09

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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 Co. had a net margin of 9.48% and a return on equity of 11.80%, indicating strong financial performance.
  • Institutional investors like Norges Bank and Vanguard Group Inc. have been increasing their positions in the company, showing confidence in its future growth potential.
  • The company's revenue for the quarter was up 3.8% compared to the same quarter last year, demonstrating positive revenue growth.
  • Analysts anticipate that The Bank of New York Mellon Co. will post 5.45 earnings per share for the current year, indicating potential profitability.
  • The recent dividend announcement of $0.42 per share represents a 2.87% yield, providing investors with a steady income stream.

Cons

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

  • Insiders have been selling company stock, with significant sales in the last ninety days, which may raise concerns about insider sentiment.
  • Ownership by insiders is relatively low at 0.14%, potentially indicating a lack of strong insider confidence in the company's future prospects.
  • While analysts have provided positive ratings for the stock, there is a mix of hold and buy ratings, suggesting some uncertainty in the market regarding the company's performance.
  • The stock price has been fluctuating, and investors should carefully consider market volatility before making investment decisions.
  • The company's payout ratio of 40.98% may limit future growth opportunities or reinvestment in the business.
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, July 5, 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

How have BK shares performed this year?

Bank of New York Mellon's stock was trading at $52.05 on January 1st, 2024. Since then, BK shares have increased by 25.6% and is now trading at $65.35.
View the best growth stocks for 2024 here
.

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 Friday, July, 12th. The bank reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.08. The business's revenue was up 2.1% on a year-over-year basis.
Read the conference call transcript
.

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.

Does Bank of New York Mellon have any subsidiaries?

Bank of New York Mellon subsidiaries include these companies: Milestone Group, DBV-X, Cutwater Asset Management, I3 Advisors, Albridge, PNC Global Investment Servicing, Insight Investment, and others.

Who are Bank of New York Mellon's major shareholders?

Top institutional investors of Bank of New York Mellon include Bank of New York Mellon Corp (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), M&G Plc (0.13%) and Allspring Global Investments Holdings LLC (0.13%). Insiders that own company stock include Thomas P Gibbons, Hanneke Smits, Senthilkumar Santhanakrishnan, J Kevin Mccarthy, Catherine Keating and Kurtis R Kurimsky.
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.

What other stocks do shareholders of Bank of New York Mellon own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Walt Disney (DIS).

This page (NYSE:BK) was last updated on 7/26/2024 by MarketBeat.com Staff

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