NYSE:BK

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

$49.30
-0.29 (-0.58 %)
(As of 09/21/2021 12:00 AM ET)
Add
Compare
Today's Range
$49.13
$49.99
50-Day Range
$47.58
$56.41
52-Week Range
$32.65
$56.64
Volume4.08 million shs
Average Volume5.20 million shs
Market Capitalization$42.55 billion
P/E Ratio12.74
Dividend Yield2.74%
Beta1.1
30 days | 90 days | 365 days | Advanced Chart
Receive BK News and Ratings via Email

Sign-up to receive the latest news and ratings for The Bank of New York Mellon and its competitors with MarketBeat's FREE daily newsletter.


The Bank of New York Mellon logo

About The Bank of New York Mellon

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Services and Investment and Wealth Management. The Investment Services and Investment segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Wealth Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

2.90 out of 5 stars

Finance Sector

60th out of 1,332 stocks

State Commercial Banks Industry

9th out of 232 stocks

Analyst Opinion: 2.3Community Rank: 4.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











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

Is The Bank of New York Mellon a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" The Bank of New York Mellon stock.
View analyst ratings for The Bank of New York Mellon
or view top-rated stocks.

What stocks does MarketBeat like better than The Bank of New York Mellon?

Wall Street analysts have given The Bank of New York Mellon a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Bank of New York Mellon wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting The Bank of New York Mellon?

The Bank of New York Mellon saw a increase in short interest in August. As of August 13th, there was short interest totaling 10,040,000 shares, an increase of 17.2% from the July 29th total of 8,570,000 shares. Based on an average daily trading volume, of 4,550,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the company's shares are short sold.
View The Bank of New York Mellon's Short Interest
.

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 Tuesday, October 19th 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) announced its earnings results on Wednesday, July, 14th. The bank reported $1.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.13. The bank earned $3.96 billion during the quarter, compared to the consensus estimate of $3.86 billion. The Bank of New York Mellon had a net margin of 22.86% and a trailing twelve-month return on equity of 9.27%. The Bank of New York Mellon's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share.
View The Bank of New York Mellon's earnings history
.

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 increased by 44.2% and is now trading at $49.30.
View which stocks have been most impacted by COVID-19
.

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 declared a quarterly dividend on Thursday, July 15th. Shareholders of record on Tuesday, July 27th will be given a dividend of $0.34 per share on Monday, August 9th. This represents a $1.36 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, July 26th. This is a boost from The Bank of New York Mellon's previous quarterly dividend of $0.31.
View The Bank of New York Mellon's dividend history
.

Is The Bank of New York Mellon a good dividend stock?

The Bank of New York Mellon pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.74%. The Bank of New York Mellon does not yet have a strong track record of dividend growth. The dividend payout ratio of The Bank of New York Mellon is 33.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Bank of New York Mellon will have a dividend payout ratio of 29.44% next year. This indicates that The Bank of New York Mellon will be able to sustain or increase its dividend.
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 has initiated a stock repurchase plan on Monday, June 28th 2021, which allows the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

What price target have analysts set for BK?

13 brokers have issued 12 month price objectives for The Bank of New York Mellon's stock. Their forecasts range from $41.00 to $60.00. On average, they expect The Bank of New York Mellon's share price to reach $53.31 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon
or view top-rated stocks among Wall Street analysts.

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

The Bank of New York Mellon's management team includes the following people:
  • Thomas P. Gibbons, Chief Executive Officer & Director
  • Bridget E. Engle, Chief Operations & Technology Officer
  • Emily H. Portney, Chief Financial Officer
  • J. Kevin McCarthy, Senior Executive Vice President & General Counsel
  • Hani A. Kablawi, Senior Executive VP & Head-International

What is Todd Gibbons' approval rating as The Bank of New York Mellon's CEO?

378 employees have rated The Bank of New York Mellon CEO Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among The Bank of New York Mellon's employees.

Who are some of The Bank of New York Mellon's key 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).

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.08%), Dodge & Cox (7.15%), BlackRock Inc. (6.55%), State Street Corp (4.38%), FMR LLC (2.52%) and Artisan Partners Limited Partnership (2.37%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris and Salla Francis J La.
View institutional ownership trends for The Bank of New York Mellon
.

Which major 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 Balyasny Asset Management LLC, Man Group plc, BlackRock Inc., Longview Partners Guernsey LTD, Van ECK Associates Corp, FMR LLC, Massachusetts Financial Services Co. MA, and Marshall Wace North America L.P.. Company insiders that have sold The Bank of New York Mellon company stock in the last year include J Kevin Mccarthy, Kurtis R Kurimsky, and Salla Francis J La.
View insider buying and selling activity for The Bank of New York Mellon
or view top insider-selling stocks.

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

BK stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Amundi, LSV Asset Management, Morgan Stanley, Morgan Stanley, Natixis, Parnassus Investments CA, and Hotchkis & Wiley Capital Management LLC.
View insider buying and selling activity for The Bank of New York Mellon
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of BK stock can currently be purchased for approximately $49.30.

How much money does The Bank of New York Mellon make?

The Bank of New York Mellon has a market capitalization of $42.55 billion and generates $16.94 billion in revenue each year. The bank earns $3.62 billion in net income (profit) each year or $4.01 on an earnings per share basis.

How many employees does The Bank of New York Mellon have?

The Bank of New York Mellon employs 2,018 workers across the globe.

Does The Bank of New York Mellon have any subsidiaries?

The following companies are subsidiares of The Bank of New York Mellon: BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Markets Limited, BNY Mellon Capital Markets LLC, 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 EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon National Association, 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, 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, and Walter Scott & Partners Limited.

When was The Bank of New York Mellon founded?

The Bank of New York Mellon was founded in 1784.

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.

Where are The Bank of New York Mellon's headquarters?

The Bank of New York Mellon is headquartered at 240 GREENWICH STREET, NEW YORK NY, 10286.

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 9/21/2021 by MarketBeat.com Staff
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

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (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 | Do Not Sell My Information

© 2021 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 disclaimer. Fundamental company data provided by Zacks Investment Research.