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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-495-1784
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$20.77 billion
Profitability
Miscellaneous
Employees51,300
Next Earnings Date4/16/2020 (Confirmed)
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 Thursday, January 16th. Investors of record on Monday, January 27th will be paid a dividend of $0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, January 24th. 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 of Directors has initiated a share repurchase plan on Thursday, June 27th 2019, which permits the company to repurchase $3,940,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) released its earnings results on Thursday, January, 16th. The bank reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The bank had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a net margin of 21.39% and a return on equity of 10.49%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. View Bank of New York Mellon's Earnings History.
When is Bank of New York Mellon's next earnings date?
How can I listen to Bank of New York Mellon's earnings call?
Bank of New York Mellon will be holding an earnings conference call on Thursday, April 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What price target have analysts set for BK?
12 brokerages have issued 1 year target prices for Bank of New York Mellon's stock. Their forecasts range from $45.00 to $58.00. On average, they expect Bank of New York Mellon's share price to reach $51.50 in the next twelve months. This suggests a possible upside of 12.2% 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?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of New York Mellon.
Has Bank of New York Mellon been receiving favorable news coverage?
Press coverage about BK stock has trended very negative on Monday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bank of New York Mellon earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Bank of New York Mellon.
Are investors shorting Bank of New York Mellon?
Bank of New York Mellon saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,340,000 shares, a decline of 15.1% from the January 15th total of 7,470,000 shares. Based on an average daily volume of 4,350,000 shares, the short-interest ratio is currently 1.5 days. Currently, 0.7% of the company's shares are short sold. View Bank of New York Mellon's Current Options Chain.
Who are some of Bank of New York Mellon's key competitors?
Some companies that are related to 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), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM), Cohen & Steers (CNS) and Main Street Capital (MAIN).
What other stocks do shareholders of Bank of New York Mellon own?
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 many different of retail and institutional investors. Top institutional investors include State Street Corp (4.08%), Massachusetts Financial Services Co. MA (3.13%), Longview Partners Guernsey LTD (2.87%), First Eagle Investment Management LLC (2.05%), Artisan Partners Limited Partnership (1.56%) and New England Asset Management Inc. (1.00%). Company insiders that own Bank of New York Mellon stock include 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 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 FMR LLC, Barrow Hanley Mewhinney & Strauss LLC, New England Asset Management Inc., Massachusetts Financial Services Co. MA, Golub Group LLC, Gateway Investment Advisers LLC, Bank of New York Mellon Corp and State Street Corp. Company insiders that have sold Bank of New York Mellon company stock in the last year include Edward P Garden, 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 acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Hotchkis & Wiley Capital Management LLC, M&G Investment Management Ltd., AJO LP, Marshall Wace North America L.P., Prudential Financial Inc., Schroder Investment Management Group and Amundi Pioneer Asset Management Inc.. Company insiders that have bought Bank of New York Mellon stock in the last two years include Trian Fund Management, LP and William M Daley. 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, Robinhood, 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 $45.90.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $42.33 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. Bank of New York Mellon employs 51,300 workers across the globe.View Additional Information About Bank of New York Mellon.
What is Bank of New York Mellon's official website?
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)
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.
