NYSE:BK - Bank of New York Mellon Stock Price, Forecast & News

Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BK stock has decreased by 1.6% and is now trading at $33.64. View which stocks have been mosted impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 3 sell ratings, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bank of New York Mellon.

Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. View our earnings forecast for Bank of New York Mellon.

Bank of New York Mellon will be holding an earnings conference call on Thursday, April 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Bank of New York Mellon Corp (NYSE:BK) posted its quarterly earnings results on Thursday, January, 16th. The bank reported $1.01 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.99 by $0.02. The bank had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a net margin of 21.39% and a return on equity of 10.49%. Bank of New York Mellon's revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. View Bank of New York Mellon's earnings history.

Bank of New York Mellon declared a quarterly dividend on Thursday, January 16th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, January 24th. View Bank of New York Mellon's dividend history.

Bank of New York Mellon announced that its board has approved a stock repurchase program on Thursday, June 27th 2019, which allows the company to repurchase $3,940,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

15 equities research analysts have issued 12-month price targets for Bank of New York Mellon's shares. Their forecasts range from $30.00 to $58.00. On average, they anticipate Bank of New York Mellon's share price to reach $44.85 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price. View analysts' price targets for Bank of New York Mellon.

Media coverage about BK stock has been trending very negative on Friday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Bank of New York Mellon earned a news impact score of -3.3 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutBank of New York Mellon.

Bank of New York Mellon saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 10,674,800 shares, an increase of 14.8% from the February 27th total of 9,300,000 shares. Based on an average daily trading volume, of 5,490,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.2% of the shares of the company are short sold. View Bank of New York Mellon's Current Options Chain.

Some companies that are related to Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Legg Mason (LM), Invesco (IVZ), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Prospect Capital (PSEC).

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), Walt Disney (DIS), Exxon Mobil (XOM), Wells Fargo & Co (WFC), Walmart (WMT), Intel (INTC), Johnson & Johnson (JNJ) and Chevron (CVX).

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 many different institutional and retail investors. Top institutional shareholders include Cacti Asset Management LLC (0.07%), Park National Corp OH (0.01%), Cullinan Associates Inc. (0.01%), Neville Rodie & Shaw Inc. (0.00%) and M&R Capital Management Inc. (0.00%). Company insiders that own Bank of New York Mellon stock include Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons, Trian Fund Management, LP and William M Daley. View institutional ownership trends for Bank of New York Mellon.

BK stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Park National Corp OH, Neville Rodie & Shaw Inc., and M&R Capital Management Inc.. Company insiders that have sold Bank of New York Mellon company stock in the last year include J Kevin Mccarthy, Mitchell E Harris, Thomas P Gibbons, and Trian Fund Management, LP. View insider buying and selling activity for Bank of New York Mellon.

BK stock was bought by a variety of institutional investors in the last quarter, including Cullinan Associates Inc.. View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BK stock can currently be purchased for approximately $33.64.

Bank of New York Mellon has a market capitalization of $29.77 billion and generates $20.77 billion in revenue each year. The bank earns $4.44 billion in net income (profit) each year or $4.02 on an earnings per share basis. Bank of New York Mellon employs 48,400 workers across the globe. View additional information about Bank of New York Mellon.

The official website for Bank of New York Mellon is http://www.bnymellon.com/.

Bank of New York Mellon's mailing address is 240 GREENWICH STREET, NEW YORK NY, 10286. The bank can be reached via phone at 212-495-1784 or via email at [email protected]