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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BK shares. View BK analyst ratings or view top-rated stocks .

What is Bank of New York Mellon's stock price target for 2024?

9 brokerages have issued 12-month price objectives for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $68.00. On average, they predict the company's share price to reach $60.06 in the next year. This suggests a possible upside of 6.6% 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 on January 1st, 2024. Since then, BK stock has increased by 8.2% and is now trading at $56.33. View the best growth stocks for 2024 here .

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 7,070,000 shares, a decrease of 6.9% from the March 15th total of 7,590,000 shares. Based on an average daily volume of 3,960,000 shares, the short-interest ratio is presently 1.8 days. Approximately 0.9% of the shares of the stock are short sold. 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, July 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) released its quarterly earnings data on Tuesday, April, 16th. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.10. The bank earned $4.53 billion during the quarter, compared to analysts' expectations of $4.39 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 11.80% and a net margin of 9.48%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 EPS. 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 announced a quarterly dividend on Tuesday, April 16th. Investors 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 dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, April 25th. 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 3.08%. 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 40.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 28.14% 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 Morningstar Global Wide Moat ETF (MOTG) , VanEck Vectors Morningstar Global Wide Moat ETF (GOAT) , American Century Focused Large Cap Value ETF (FLV) and SPDR S&P Capital Markets ETF (KCE) .

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 many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), Miller Howard Investments Inc. NY (0.15%), Allspring Global Investments Holdings LLC (0.10%), Matrix Asset Advisors Inc. NY (0.07%), CWM LLC (0.06%) and Matthew Goff Investment Advisor LLC (0.04%). 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

NYSE:BK

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

→ Tiny Biotech Stock Wins $75 Billion Patent (From Behind the Markets) (Ad)

Free BK Stock Alerts

$56.29

+1.04 (+1.88%)

(As of 04:10 PM ET)

Compare

Today's Range: $55.42
▼
$56.41
50-Day Range: $53.89
▼
$57.66
52-Week Range: $39.65
▼
$58.28

Volume: 4.42 million shs
Average Volume: 4.01 million shs
Market Capitalization: $42.38 billion

P/E Ratio: 13.73
Dividend Yield: 2.98%
Price Target: $59.15

Get Bank of New York Mellon alerts:

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 6.6% Upside
$60.06 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: 0.72
Based on 46 Articles This Week
Insider Trading: Selling Shares
$246,535 Sold Last Quarter
Proj. Earnings Growth: 10.56%
From $5.40 to $5.97 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.

4.81 out of 5 stars

Finance Sector

83rd out of 845 stocks

State Commercial Banks Industry

25th out of 176 stocks

2.3

Analyst's Opinion

Consensus Rating
Bank of New York Mellon has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Bank of New York Mellon has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.94% of the float of Bank of New York Mellon has been sold short.
Short Interest Ratio / Days to Cover
Bank of New York Mellon has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of New York Mellon has recently decreased by 6.85%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Bank of New York Mellon pays a meaningful dividend of 3.08%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of New York Mellon has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Bank of New York Mellon is 40.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 28.14% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of New York Mellon has received a 1.59% net impact score from Upright. Bank of New York Mellon seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Securities brokerage services", "Foreign exchange services", and "Market data services" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of New York Mellon is -0.21.

3.2

News and Social Media Coverage

News Sentiment
Bank of New York Mellon has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 46 news articles for Bank of New York Mellon this week, compared to 10 articles on an average week.
Search Interest
29 people have searched for BK on MarketBeat in the last 30 days. This is an increase of 26% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Bank of New York Mellon to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of New York Mellon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $246,535.00 in company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Bank of New York Mellon is held by insiders.
Percentage Held by Institutions
85.31% of the stock of Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Bank of New York Mellon are expected to grow by 10.56% in the coming year, from $5.40 to $5.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of New York Mellon is 13.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of New York Mellon is 13.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.71.
Price to Earnings Growth Ratio
Bank of New York Mellon has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of New York Mellon has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Behind the Markets

Tiny Biotech Stock Wins $75 Billion Patent

A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.

Find out more here >>>

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

30 days | 90 days | 365 days | Advanced Chart

BK Stock News Headlines

April 19, 2024 | finance.yahoo.com

The Bank of New York Mellon Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

April 19, 2024 | americanbankingnews.com

Seaport Res Ptn Research Analysts Lower Earnings Estimates for The Bank of New York Mellon Co. (NYSE:BK)

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

April 18, 2024 | finance.yahoo.com

Bank of New York Mellon First Quarter 2024 Earnings: Beats Expectations

April 18, 2024 | americanbankingnews.com

Bank of New York Mellon (NYSE:BK) Price Target Raised to $66.00 at Bank of America

April 18, 2024 | americanbankingnews.com

Short Interest in The Bank of New York Mellon Co. (NYSE:BK) Drops By 6.9%

April 17, 2024 | seekingalpha.com

The Bank of New York Mellon Corporation (BK) Q1 2024 Earnings Call Transcript

April 17, 2024 | finance.yahoo.com

BNY Mellon’s Pershing Is Still Losing Assets. Blame the Regional Bank Crisis.

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

April 17, 2024 | finance.yahoo.com

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

April 17, 2024 | markets.businessinsider.com

Bank of New York Mellon Corporation (BK) Receives a Hold from KBW

April 17, 2024 | markets.businessinsider.com

Expert Outlook: Bank of New York Mellon Through The Eyes Of 5 Analysts

April 17, 2024 | finance.yahoo.com

Bank of New York Mellon Corp (BK) Q1 2024 Earnings Call Transcript Highlights: Strategic Growth ...

April 17, 2024 | finance.yahoo.com

The Bank of New York Mellon Corporation (NYSE:BK) Q1 2024 Earnings Call Transcript

April 17, 2024 | gurufocus.com

Q1 2024 Bank of New York Mellon Corp Earnings Call Transcript

April 16, 2024 | msn.com

BK Earnings: BNY Mellon Surges on Strong Q1 and $6B Share Buyback

April 16, 2024 | investopedia.com

BNY Mellon Beats Earnings Estimates on Higher Fees and Announces $6B Stock Buyback

April 16, 2024 | investorplace.com

BK Stock Earnings: Bank of New York Mellon Beats EPS, Beats Revenue for Q1 2024

April 16, 2024 | uk.finance.yahoo.com

Bank of New York Mellon Corp (BK) Earnings Exceed Analyst Expectations with Strong Q1 Results

April 16, 2024 | finance.yahoo.com

Investors one-year returns in Bank of New York Mellon (NYSE:BK) have not grown faster than the company's underlying earnings growth

April 16, 2024 | wsj.com

Bank of New York Mellon First Quarter Profit Rises 5%

April 16, 2024 | msn.com

What's Going On With Bank Of New York Mellon Shares After Reporting Q1 Results?

April 16, 2024 | markets.businessinsider.com

The Bank of New York Mellon Corp. Q1 Profit Increases, beats estimates

April 16, 2024 | msn.com

BNY Mellon Q1 earnings beat as fee growth offsets lower interest income

April 16, 2024 | finance.yahoo.com

BNY Mellon Posts Highest Ever Quarterly Revenue

April 16, 2024 | prnewswire.com

BNY Mellon Declares Dividends

April 16, 2024 | prnewswire.com

BNY Mellon Reports First Quarter 2024 Results

See More Headlines

Receive BK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of New York Mellon and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/2 Dividend: 1/19/2024
Dividend Payable: 2/02/2024
Last Earnings: 4/16/2024
Today: 4/19/2024
Ex-Dividend for 5/9 Dividend: 4/25/2024
Dividend Payable: 5/09/2024
Next Earnings (Estimated): 7/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: State commercial banks
Sub-Industry: Asset Management & Custody Banks
Current Symbol: NYSE:BK
CUSIP: 06405810
CIK: 1390777
Web: www.bnymellon.com
Phone: (212) 495-1784
Fax: 302-655-5049
Employees: 53,400
Year Founded: 1784

Price Target and Rating

Average Stock Price Target: $60.06
High Stock Price Target: $68.00
Low Stock Price Target: $44.00
Potential Upside/Downside: +7.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.10
Trailing P/E Ratio: 13.47
Forward P/E Ratio: 10.32
P/E Growth: 1.15
Net Income: $3.29 billion
Net Margins: 9.48%
Pretax Margin: 11.53%
Return on Equity: 11.80%
Return on Assets: 1.02%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 0.71
Quick Ratio: 0.72

Sales & Book Value

Annual Sales: $33.81 billion
Price / Sales: 1.23
Cash Flow: $8.03 per share
Price / Cash Flow: 6.88
Book Value: $48.26 per share
Price / Book: 1.14

Miscellaneous

Outstanding Shares: 752,870,000
Free Float: 751,817,000
Market Cap: $41.58 billion
Optionable: Optionable
Beta: 1.12

Social Links

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

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 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 McCarthy (Age 59)
Senior EVP & General Counsel

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

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?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BK shares.
View BK analyst ratings or view top-rated stocks.
What is Bank of New York Mellon's stock price target for 2024?: 9 brokerages have issued 12-month price objectives for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $68.00. On average, they predict the company's share price to reach $60.06 in the next year. This suggests a possible upside of 6.6% 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 on January 1st, 2024. Since then, BK stock has increased by 8.2% and is now trading at $56.33.
View the best growth stocks for 2024 here.
Are investors shorting Bank of New York Mellon?: Bank of New York Mellon saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 7,070,000 shares, a decrease of 6.9% from the March 15th total of 7,590,000 shares. Based on an average daily volume of 3,960,000 shares, the short-interest ratio is presently 1.8 days. Approximately 0.9% of the shares of the stock are short sold.
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, July 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) released its quarterly earnings data on Tuesday, April, 16th. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.10. The bank earned $4.53 billion during the quarter, compared to analysts' expectations of $4.39 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 11.80% and a net margin of 9.48%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 EPS.
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 announced a quarterly dividend on Tuesday, April 16th. Investors 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 dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, April 25th.
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 3.08%. 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 40.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 28.14% 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 Morningstar Global Wide Moat ETF (MOTG), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), American Century Focused Large Cap Value ETF (FLV) and SPDR S&P Capital Markets ETF (KCE).
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 many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), Miller Howard Investments Inc. NY (0.15%), Allspring Global Investments Holdings LLC (0.10%), Matrix Asset Advisors Inc. NY (0.07%), CWM LLC (0.06%) and Matthew Goff Investment Advisor LLC (0.04%). 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 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Bank of New York Mellon MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bank of New York Mellon Stock (NYSE:BK)

BK Stock Price History

BK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

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

Pros

Cons

BK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™