Bank of New York Mellon Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Bank of New York Mellon stock. 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.
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14 Wall Street research analysts have issued 1 year price targets for Bank of New York Mellon's shares. Their BK stock forecasts range from $43.00 to $70.00. On average, they anticipate Bank of New York Mellon's share price to reach $55.18 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
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Bank of New York Mellon's stock was trading at $58.08 at the start of the year. Since then, BK stock has decreased by 27.0% and is now trading at $42.41.
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Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Friday, July 15th 2022.
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Bank of New York Mellon will be holding an earnings conference call on Friday, July 15th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "5049084".

The Bank of New York Mellon Co. (NYSE:BK) released its quarterly earnings results on Monday, April, 18th. The bank reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86. The bank earned $3.93 billion during the quarter, compared to the consensus estimate of $3.94 billion. Bank of New York Mellon had a net margin of 22.31% and a trailing twelve-month return on equity of 9.33%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share.
View Bank of New York Mellon's earnings history.

Bank of New York Mellon announced a quarterly dividend on Monday, April 18th. Investors of record on Thursday, April 28th will be paid a dividend of $0.34 per share on Wednesday, May 11th. This represents a $1.36 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, April 27th.
View Bank of New York Mellon's dividend history.

Bank of New York Mellon(NYSE:BK) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.17%. Bank of New York Mellon has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Bank of New York Mellon is 33.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 26.00% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend.
View Bank of New York Mellon's dividend history.

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

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

Some companies that are related to Bank of New York Mellon include BlackRock (BLK), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Franklin Resources (BEN), Ares Capital (ARCC), Invesco (IVZ), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Main Street Capital (MAIN), Prospect Capital (PSEC), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
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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 (WFC), Walmart (WMT) and Cisco Systems (CSCO).

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

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.
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One share of BK stock can currently be purchased for approximately $42.41.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $34.26 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $4.039990 on an earnings per share basis.

Bank of New York Mellon employs 49,100 workers across the globe.

Bank of New York Mellon was founded in 1784.

Bank of New York Mellon's mailing address is 240 GREENWICH STREET, NEW YORK NY, 10286. The official website for Bank of New York Mellon is www.bnymellon.com. The bank can be reached via phone at (212) 495-1784, via email at [email protected], or via fax at 302-655-5049.