S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
NYSE:BK

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

$45.03
+0.32 (+0.72%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$44.42
$45.44
50-Day Range
$40.44
$46.34
52-Week Range
$39.78
$64.63
Volume
3.10 million shs
Average Volume
4.95 million shs
Market Capitalization
$36.39 billion
P/E Ratio
11.43
Dividend Yield
3.31%
Price Target
$50.73

Bank of New York Mellon MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
12.5% Upside
$50.73 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.06mentions of Bank of New York Mellon in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$4.54 M Sold Last Quarter
Proj. Earnings Growth
10.70%
From $4.30 to $4.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Finance Sector

100th out of 924 stocks

State Commercial Banks Industry

27th out of 192 stocks

BK stock logo

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

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, prime brokerage, 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; and clearance and collateral management 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 company was founded in 1784 and is headquartered in New York, New York.

Bank of New York Mellon Stock Down 0.2 %

Shares of Bank of New York Mellon stock traded down $0.08 during trading on Tuesday, hitting $44.63. 13,634 shares of the stock were exchanged, compared to its average volume of 2,737,319. The stock has a market cap of $36.07 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. The firm's 50-day moving average price is $42.77 and its 200 day moving average price is $47.54. Bank of New York Mellon has a 12-month low of $39.78 and a 12-month high of $64.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.67 and a quick ratio of 0.67.

Bank of New York Mellon (NYSE:BK - Get Rating) last released its quarterly earnings data on Friday, July 15th. The bank reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.09). Bank of New York Mellon had a return on equity of 9.49% and a net margin of 20.61%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.17 billion. During the same period last year, the firm posted $1.13 earnings per share. Bank of New York Mellon's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts forecast that Bank of New York Mellon will post 4.3 earnings per share for the current fiscal year.

Bank of New York Mellon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Monday, July 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 22nd. This is a boost from Bank of New York Mellon's previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 3.32%. Bank of New York Mellon's payout ratio is 37.56%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BK. Citigroup dropped their target price on shares of Bank of New York Mellon from $50.00 to $46.00 in a report on Tuesday, July 12th. Morgan Stanley decreased their price target on shares of Bank of New York Mellon from $53.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 6th. The Goldman Sachs Group decreased their price target on shares of Bank of New York Mellon from $51.50 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, June 29th. JPMorgan Chase & Co. decreased their price target on shares of Bank of New York Mellon from $51.50 to $46.50 in a research report on Monday, July 11th. Finally, Royal Bank of Canada decreased their price target on shares of Bank of New York Mellon from $56.00 to $49.00 and set a "sector perform" rating for the company in a research report on Friday, July 1st. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Bank of New York Mellon has a consensus rating of "Hold" and a consensus target price of $50.73.

Insider Activity at Bank of New York Mellon

In related news, CEO Thomas P. Gibbons sold 105,062 shares of the business's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $43.24, for a total value of $4,542,880.88. Following the completion of the sale, the chief executive officer now directly owns 221,018 shares of the company's stock, valued at $9,556,818.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

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.

BK Stock News Headlines

The Bank of New York Mellon Co. (NYSE:BK) Short Interest Update
New chair at ACG Pittsburgh
BNY Mellon sets stage for next CEO
What 10 Analyst Ratings Have To Say About Bank of New York Mellon
Bank Of New York Mellon BK Trading Advice
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.

BK Company Calendar

Last Earnings
7/15/2022
Ex-Dividend for 8/5 Dividend
7/22/2022
Dividend Payable
8/05/2022
Today
8/16/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
49,100
Year Founded
1784

Price Target and Rating

Average Stock Price Forecast
$50.73
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$3.76 billion
Pretax Margin
25.32%

Debt

Sales & Book Value

Annual Sales
$16.16 billion
Cash Flow
$6.87 per share
Book Value
$46.49 per share

Miscellaneous

Free Float
807,457,000
Market Cap
$36.39 billion
Optionable
Optionable
Beta
1.12

Social Links















BK Stock - Frequently Asked Questions

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 10 hold ratings and 2 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.
View BK analyst ratings
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2022?

12 brokers have issued 12 month target prices for Bank of New York Mellon's stock. Their BK share price forecasts range from $45.00 to $70.00. On average, they anticipate the company's share price to reach $50.73 in the next twelve months. This suggests a possible upside of 12.7% 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 2022?

Bank of New York Mellon's stock was trading at $58.08 at the start of the year. Since then, BK shares have decreased by 22.5% and is now trading at $45.03.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,290,000 shares, an increase of 14.3% from the July 15th total of 7,250,000 shares. Based on an average trading volume of 4,020,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the company's shares are sold short.
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, October 18th 2022.
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 Friday, July, 15th. The bank reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.09. The bank earned $4.25 billion during the quarter, compared to analyst estimates of $4.17 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 9.49% and a net margin of 20.61%. Bank of New York Mellon's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 Friday, July 15th. Shareholders of record on Monday, July 25th will be given a dividend of $0.37 per share on Friday, August 5th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, July 22nd. This is an increase from the stock's previous quarterly dividend of $0.34.
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 $1.48 per share and currently has a dividend yield of 3.31%. 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 37.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 31.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

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

Bank of New York Mellon announced that its Board of Directors has approved a stock repurchase plan on Monday, June 28th 2021, which permits the company to repurchase $6,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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).

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

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

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

Bank of New York Mellon's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dodge & Cox (7.27%), State Street Corp (4.04%), Artisan Partners Limited Partnership (2.71%), FMR LLC (2.11%), Wells Fargo & Company MN (1.10%) and Northern Trust Corp (1.03%). Insiders that own company stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of BK stock can currently be purchased for approximately $45.03.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $36.39 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.94 on an earnings per share basis.

How many employees does Bank of New York Mellon have?

The company employs 49,100 workers across the globe.

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
When was Bank of New York Mellon founded?

Bank of New York Mellon was founded in 1784.

How can I contact Bank of New York Mellon?

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.

This page (NYSE:BK) was last updated on 8/16/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.