About Bank of New York Mellon (NYSE:BK)
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio15.81
Forward P/E Ratio13.21
Sales & Book Value
Annual Sales$16.55 billion
Price / Sales3.45
Cash Flow$5.3176 per share
Price / Cash10.61
Book Value$37.52 per share
Price / Book1.50
EPS (Most Recent Fiscal Year)$3.60
Net Income$4.09 billion
Return on Equity11.27%
Return on Assets1.17%
Bank of New York Mellon (NYSE:BK) Frequently Asked Questions
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."
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 declared a quarterly dividend on Thursday, April 19th. Stockholders of record on Tuesday, May 1st will be paid a dividend of $0.24 per share on Friday, May 11th. This represents a $0.96 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, April 30th. View Bank of New York Mellon's Dividend History.
How will Bank of New York Mellon's stock buyback program work?
Bank of New York Mellon declared that its board has initiated a stock buyback plan on Thursday, June 29th 2017, which authorizes the company to buyback $3,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) released its quarterly earnings results on Thursday, April, 19th. The bank reported $1.10 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.96 by $0.14. The bank had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.04 billion. Bank of New York Mellon had a net margin of 25.20% and a return on equity of 11.27%. Bank of New York Mellon's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. View Bank of New York Mellon's Earnings History.
When is Bank of New York Mellon's next earnings date?
What price target have analysts set for BK?
16 equities research analysts have issued 1 year target prices for Bank of New York Mellon's stock. Their forecasts range from $52.00 to $68.00. On average, they anticipate Bank of New York Mellon's stock price to reach $57.9063 in the next year. View Analyst Ratings for Bank of New York Mellon.
What are Wall Street analysts saying about Bank of New York Mellon stock?
Here are some recent quotes from research analysts about Bank of New York Mellon stock:
- 1. According to Zacks Investment Research, "BNY Mellon's shares have outperformed the industry in the last three months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Higher interest rates, rising loan demand and steadily improving fee income are expected to aid revenue growth. While concentration risk arising from significant dependence on fee-based income remains a matter of concern, potential lesser regulations, lower tax rates and cost-saving initiatives are likely to drive profitability in the quarters ahead." (5/22/2018)
- 2. Vining Sparks analysts commented, "BK currently trades at a 14x price-to- earnings multiple and has a short-term risk that its operating expenses could continue to move higher as management catches-up on its investment spending. As a result, we are targeting around a 6% total return through year-end 2018E. EPS ($) FY (Dec) 2016 0.73 0.74 0.87 0.76 3.09 18.7x 2017 0.79 0.88 0.94 0.91 3.53 16.4x 2018E 0.96E 1.05E 1.09E 1.10E 4.20E 13.7x Prior 1.02E 1.11E 1.16E 1.16E 4.45E 13.0x Street Est 1Q 2Q 3Q 4Q FY P/E 2018E 0.95E 1.00E 1.06E 1.04E 4.04E 14.3x TBVPS ($) 1Q 2Q 3Q 4Q FY P/TBV 2016 13.48 13.83 14.22 13.70 13.70 421% 2017 14.13 14.97 15.60 16.51 16.51 350% 2018E 16.78E 17.13E 17.43E 17.74E 17.74E 325% Prior 16.23E 16.70E 17.13E 17.57E 17.57E 329% Dividend Per Share 2016 0.17 0.17 0.19 0.19 0.72 1.2% 2017E 0.19 0.19 0.24 0.24 0.86 1.5% 2018E 0.24E 0.24E 0.27E 0.27E 1.02E 1.8% FY P/E 1Q 2Q 3Q 4Q FY Yield 4Q 1Q 2Q 3Q P/TBV (%) 350% Dividend Yield 1.7% Sources: SNL Financial & Vining Sparks, IBG LP." (1/24/2018)
Who are some of Bank of New York Mellon's key competitors?
Some companies that are related to Bank of New York Mellon include Bank of Nova Scotia (BNS), Itau Unibanco (ITUB), Banco Bradesco (BBD), State Street (STT), M&T Bank (MTB), Northern Trust (NTRS), BANCO BRADESCO/S (BBDO), Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY) and Western Alliance Bancorporation (WAL).
Who are Bank of New York Mellon's key executives?
Bank of New York Mellon's management team includes the folowing people:
- Mr. Charles W. Scharf, Chairman & CEO (Age 53)
- Ms. Bridget Engle, Chief Information Officer & Sr. EVP
- Mr. Thomas P. Gibbons, Vice Chairman & CEO of Clearing, Markets and Client Management (Age 61)
- Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 63)
- Mr. Brian A. Ruane, CEO of Gov. Securities Services Corp.
Has Bank of New York Mellon been receiving favorable news coverage?
Media stories about BK stock have trended positive recently, Accern reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of New York Mellon earned a media sentiment score of 0.28 on Accern's scale. They also assigned headlines about the bank an impact score of 45.60 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Bank of New York Mellon's major shareholders?
Bank of New York Mellon's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.80%), Massachusetts Financial Services Co. MA (3.54%), First Eagle Investment Management LLC (1.89%), Trian Fund Management L.P. (1.60%), Artisan Partners Limited Partnership (1.35%) and Northern Trust Corp (1.20%). Company insiders that own Bank of New York Mellon stock include Brian T Shea, Bridget E Engle, Charles W Scharf, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. View Institutional Ownership Trends for Bank of New York Mellon.
Which institutional investors are selling Bank of New York Mellon stock?
BK stock was sold by a variety of institutional investors in the last quarter, including Sei Investments Co., Cortland Advisers LLC, First Republic Investment Management Inc., First Eagle Investment Management LLC, FIL Ltd, Massachusetts Financial Services Co. MA, CIBC World Markets Inc. and Wells Fargo & Company MN. Company insiders that have sold Bank of New York Mellon company stock in the last year include Brian T Shea, Bridget E Engle, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. View Insider Buying and Selling for Bank of New York Mellon.
Which institutional investors are buying Bank of New York Mellon stock?
BK stock was bought by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Barrow Hanley Mewhinney & Strauss LLC, LSV Asset Management, Federated Investors Inc. PA, Natixis, Point72 Asset Management L.P., Trian Fund Management L.P. and Royal Bank of Canada. Company insiders that have bought Bank of New York Mellon stock in the last two years include Charles W Scharf and Trian Fund Management, LP. View Insider Buying and Selling for Bank of New York Mellon.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Bank of New York Mellon's stock price today?
One share of BK stock can currently be purchased for approximately $56.93.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $57.54 billion and generates $16.55 billion in revenue each year. The bank earns $4.09 billion in net income (profit) each year or $3.60 on an earnings per share basis. Bank of New York Mellon employs 52,500 workers across the globe.
How can I contact Bank of New York Mellon?
Bank of New York Mellon's mailing address is 225 LIBERTY STREET, NEW YORK NY, 10286. The bank can be reached via phone at 212-495-1784 or via email at [email protected]
MarketBeat Community Rating for Bank of New York Mellon (BK)MarketBeat's community ratings are surveys of what our community members think about Bank of New York Mellon and other stocks. Vote "Outperform" if you believe BK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BK will underperform the S&P 500 over the long term. You may vote once every thirty days.