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

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$48.40 -0.01 (-0.02 %)
(As of 04/22/2019 02:02 PM ET)
Previous Close$48.41
Today's Range$47.90 - $48.57
52-Week Range$43.67 - $58.22
Volume258,970 shs
Average Volume5.20 million shs
Market Capitalization$46.21 billion
P/E Ratio11.50
Dividend Yield2.31%
Beta1.03
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.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone212-495-1784

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$19.23 billion
Cash Flow$5.6674 per share
Book Value$39.59 per share

Profitability

Net Income$4.27 billion

Miscellaneous

Employees51,300
Market Cap$46.21 billion
Next Earnings Date7/18/2019 (Estimated)
OptionableOptionable

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 Wednesday, April 17th. Investors of record on Monday, April 29th will be given a dividend of $0.28 per share on Friday, May 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, April 26th. 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 announced that its Board of Directors has initiated a stock buyback plan on Monday, December 10th 2018, which permits the company to buyback $830,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors 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 data on Wednesday, April, 17th. The bank reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.96 by $0.02. The bank had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $4.01 billion. Bank of New York Mellon had a return on equity of 10.98% and a net margin of 20.69%. The business's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. View Bank of New York Mellon's Earnings History.

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

Bank of New York Mellon is scheduled to release their next quarterly earnings announcement on Thursday, July 18th 2019. View Earnings Estimates for Bank of New York Mellon.

What price target have analysts set for BK?

10 analysts have issued 1 year target prices for Bank of New York Mellon's stock. Their predictions range from $49.00 to $58.00. On average, they anticipate Bank of New York Mellon's share price to reach $53.2857 in the next year. This suggests a possible upside of 10.1% from the stock's current price. View Analyst Price Targets for Bank of New York Mellon.

What is the consensus analysts' recommendation for Bank of New York Mellon?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. Vining Sparks analysts commented, "BK is the only one of our Large Cap U.S. Banks that we currently do not rate “Strong Buy”. Over the recent collapse in financial services valuations, BK outperformed the other two 10 percentage points, or more. Given what we believe to be temporary earnings headwinds at the other two Trust Banks we believe this investment rotation should begin to reverse through 2019, limiting BK ’s total return potential to its YOY growth in tangible book value plus its current dividend yield, about 7%." (1/23/2019)
  • 2. According to Zacks Investment Research, "Shares of BNY Mellon have outperformed the industry in the past year. Also, the company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Its fourth- quarter 2018 results were driven by rise in net interest income and lower costs. Higher interest rates, increase in fee income and solid assets balance will continue supporting the company’s profitability in the quarters ahead. Further, its enhanced capital deployment plan reflects a strong balance sheet position. However, elevated operating expenses are expected to continue hampering bottom-line growth to some extent. Also, the concentration risk, arising from significant dependence on fee-based income, remains a matter of concern." (1/21/2019)

Has Bank of New York Mellon been receiving favorable news coverage?

Media coverage about BK stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bank of New York Mellon earned a news sentiment score of 1.2 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.

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

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), Wells Fargo & Co (WFC), Walmart (WMT), General Electric (GE), Intel (INTC), Citigroup (C), Johnson & Johnson (JNJ) and Mcdonald's (MCD).

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 54)
  • Mr. Michael P. Santomassimo, Sr. EVP & CFO (Age 44)
  • Ms. Bridget Engle, Sr. EVP & Chief Information Officer (Age 55)
  • Mr. Thomas P. Gibbons, Vice Chairman and CEO of Clearing, Markets & Client Management (Age 62)
  • Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 64)

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

Bank of New York Mellon's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Ronna Sue Cohen (0.23%), PGGM Investments (0.15%), Gateway Investment Advisers LLC (0.07%), Cacti Asset Management LLC (0.07%), Strs Ohio (0.05%) and Retirement Systems of Alabama (0.04%). 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 Gateway Investment Advisers LLC, Carroll Financial Associates Inc., Cacti Asset Management LLC, Park National Corp OH, Baltimore Washington Financial Advisors Inc., Hudson Valley Investment Advisors Inc. ADV, State of Alaska Department of Revenue and Strs Ohio. Company insiders that have sold Bank of New York Mellon company stock in the last year include Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris 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 acquired by a variety of institutional investors in the last quarter, including Ronna Sue Cohen, PGGM Investments, Sabal Trust CO, Isthmus Partners LLC, Pacer Advisors Inc., Tibra Equities Europe Ltd, Sciencast Management LP and Mercer Global Advisors Inc. ADV. 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 $48.38.

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

Bank of New York Mellon has a market capitalization of $46.20 billion and generates $19.23 billion in revenue each year. The bank earns $4.27 billion in net income (profit) each year or $4.21 on an earnings per share basis. Bank of New York Mellon employs 51,300 workers across the globe.

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

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

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 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 (NYSE BK)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  605 (Vote Outperform)
Underperform Votes:  577 (Vote Underperform)
Total Votes:  1,182
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.
This page was last updated on 4/22/2019 by MarketBeat.com Staff

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