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NYSE:BK

The Bank of New York Mellon Stock Forecast, Price & News

$33.88
-0.44 (-1.28 %)
(As of 10/30/2020 11:58 AM ET)
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Compare
Today's Range
$33.64
Now: $33.88▼
$34.98
50-Day Range
$33.14
MA: $35.81▼
$38.02
52-Week Range
$26.40
Now: $33.88▼
$51.60
Volume150,259 shs
Average Volume5.86 million shs
Market Capitalization$30.01 billion
P/E Ratio7.43
Dividend Yield3.64%
Beta1.04
The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. The Investment Service segment offers custody, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, trading, investment, wealth and retirement solutions, technology and enterprise data management, corporate trust, depositary receipts, payments, receivables processing and payables management, trade finance and processing, and collateral management services. The Investment Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, and private banking services. The company also engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves asset managers, banks, broker-dealers, corporations, financial intermediaries, governments, high net worth individuals, insurance companies, non-profit organizations, pensions, and sovereign institutions. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
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The Bank of New York Mellon logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.2Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.28 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:BK
Previous Symbol
CUSIP06405810
CIK1390777
Webwww.bnymellon.com
Phone212-495-1784
Employees48,400

Debt

Debt-to-Equity Ratio0.65
Current Ratio0.65
Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio7.43
Forward P/E Ratio8.60
P/E Growth1.2

Sales & Book Value

Annual Sales$20.77 billion
Price / Sales1.45
Cash Flow$5.16 per share
Price / Cash Flow6.57
Book Value$41.25 per share
Price / Book0.82

Profitability

EPS (Most Recent Fiscal Year)$4.02
Net Income$4.44 billion
Net Margins23.09%
Return on Equity9.89%
Return on Assets0.89%

Miscellaneous

Outstanding Shares885,862,000
Market Cap$30.01 billion
Next Earnings Date1/21/2021 (Estimated)
OptionableOptionable
$33.88
-0.44 (-1.28 %)
(As of 10/30/2020 11:58 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Bank of New York Mellon (NYSE:BK) Frequently Asked Questions

How has The Bank of New York Mellon's stock price been impacted by COVID-19?

The 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 0.9% and is now trading at $33.88.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of The Bank of New York Mellon?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Bank of New York Mellon.

When is The Bank of New York Mellon's next earnings date?

The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, January 21st 2021.
View our earnings forecast for The Bank of New York Mellon.

How were The Bank of New York Mellon's earnings last quarter?

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings data on Friday, October, 16th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The bank earned $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. The Bank of New York Mellon had a net margin of 23.09% and a return on equity of 9.89%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business posted $1.07 EPS.
View The Bank of New York Mellon's earnings history.

How often does The Bank of New York Mellon pay dividends? What is the dividend yield for The Bank of New York Mellon?

The Bank of New York Mellon announced a quarterly dividend on Friday, October 16th. Stockholders of record on Wednesday, October 28th will be paid a dividend of $0.31 per share on Tuesday, November 10th. This represents a $1.24 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, October 27th.
View The Bank of New York Mellon's dividend history.

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

The Bank of New York Mellon announced that its Board of Directors has initiated a stock repurchase plan 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 repurchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

What price target have analysts set for BK?

18 analysts have issued 1 year target prices for The Bank of New York Mellon's stock. Their forecasts range from $39.00 to $54.00. On average, they expect The Bank of New York Mellon's stock price to reach $45.16 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon.

Are investors shorting The Bank of New York Mellon?

The Bank of New York Mellon saw a increase in short interest in September. As of September 15th, there was short interest totaling 7,460,000 shares, an increase of 12.9% from the August 31st total of 6,610,000 shares. Based on an average trading volume of 5,070,000 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the shares of the stock are short sold.
View The Bank of New York Mellon's Short Interest.

Who are some of The Bank of New York Mellon's key competitors?

Some companies that are related to The Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Eaton Vance (EV), Invesco (IVZ), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC), Prospect Capital (PSEC) and Main Street Capital (MAIN).
View all competitors.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other The 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), The Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

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

The Bank of New York Mellon's management team includes the following people:
  • Mr. Thomas P. Gibbons, CEO & Director (Age 63, Pay $2.47M)
  • Ms. Bridget E. Engle, Chief Operations & Technology Officer (Age 56, Pay $2M)
  • Mr. Robin Antony Vince, Vice Chairman & CEO of Global Market Infrastructure
  • Ms. Emily Hope Portney, Chief Financial Officer (Age 48)
  • Mr. James S. Wiener, Sr. EVP, Chief Investment Officer and Head of Capital & Balance-Sheet Strategy (Age 52)
  • Ms. Magda Palczynska, Global Head of Investor Relations
  • Mr. Mark Musi, Chief Compliance & Ethics Officer
  • Mr. Jane Kevin McCarthy, Sr. EVP & Gen. Counsel (Age 55)
  • Ms. Eva A. Radtke, Global Head of Corp. Communications
  • Ms. Brenda Tsai, Chief Marketing Officer

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

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

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

The Bank of New York Mellon's stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (0.55%), M&G Investment Management Ltd. (0.20%), Robeco Institutional Asset Management B.V. (0.18%), PGGM Investments (0.15%), KBC Group NV (0.07%) and Hikari Power Ltd (0.06%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, 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 The Bank of New York Mellon.

Which institutional investors are selling The Bank of New York Mellon stock?

BK stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Ilmarinen Mutual Pension Insurance Co, DekaBank Deutsche Girozentrale, Alberta Investment Management Corp, State of Alaska Department of Revenue, First Quadrant L P CA, Standard Life Aberdeen plc, and State of New Jersey Common Pension Fund D. Company insiders that have sold The Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, and Mitchell E Harris.
View insider buying and selling activity for The Bank of New York Mellon.

Which institutional investors are buying The Bank of New York Mellon stock?

BK stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, LSV Asset Management, M&G Investment Management Ltd., Wedge Capital Management L L P NC, Garland Capital Management Inc., Denali Advisors LLC, Hikari Power Ltd, and Robeco Institutional Asset Management B.V..
View insider buying and selling activity for The Bank of New York Mellon.

How do I buy shares of The 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.

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

One share of BK stock can currently be purchased for approximately $33.88.

How big of a company is The Bank of New York Mellon?

The Bank of New York Mellon has a market capitalization of $30.01 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. The Bank of New York Mellon employs 48,400 workers across the globe.

What is The Bank of New York Mellon's official website?

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

How can I contact The Bank of New York Mellon?

The 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]

This page was last updated on 10/30/2020 by MarketBeat.com Staff
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