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
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:BK
CUSIP06405810
Phone212-495-1784
Debt
Debt-to-Equity Ratio0.82
Current Ratio0.69
Quick Ratio0.71
Price-To-Earnings
Trailing P/E Ratio14.57
Forward P/E Ratio12.34
P/E Growth1.6
Sales & Book Value
Annual Sales$16.55 billion
Price / Sales3.20
Cash Flow$5.3422 per share
Price / Cash9.82
Book Value$37.61 per share
Price / Book1.39
Profitability
EPS (Most Recent Fiscal Year)$3.60
Net Income$4.09 billion
Net Margins25.08%
Return on Equity11.40%
Return on Assets1.19%
Miscellaneous
Employees52,500
Outstanding Shares1,010,680,000
Market Cap$53,292.95
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, July 19th. Shareholders of record on Tuesday, July 31st will be given a dividend of $0.28 per share on Friday, August 10th. This represents a $1.12 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Monday, July 30th. This is a boost from Bank of New York Mellon's previous quarterly dividend of $0.24. 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 authorized a share repurchase plan on Thursday, June 28th 2018, which allows the company to buyback $2,400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) posted its quarterly earnings results on Thursday, July, 19th. The bank reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. The bank earned $4.14 billion during the quarter, compared to analysts' expectations of $4.13 billion. Bank of New York Mellon had a net margin of 25.08% and a return on equity of 11.40%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. 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 analysts have issued 1 year target prices for Bank of New York Mellon's shares. Their forecasts range from $52.00 to $68.00. On average, they expect Bank of New York Mellon's stock price to reach $57.90 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Ratings for Bank of New York Mellon.
What is the consensus analysts' recommendation for Bank of New York Mellon?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 1 sell rating, 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Bank of New York Mellon stock?
Here are some recent quotes from research analysts about Bank of New York Mellon stock:
- 1. According to Zacks Investment Research, "BNY Mellon's shares have outperformed the industry in the last three months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Higher interest rates, rising loan demand and steadily improving fee income are expected to aid revenue growth. Also, potential lesser regulations, lower tax rates and cost-saving initiatives are likely to drive profitability in the quarters ahead. However, concentration risk arising from significant dependence on fee-based income remains a matter of concern. If there is any change in individual investment preferences, regulatory amendments or a slowdown in capital market activities, it might hamper the company's financials." (6/20/2018)
- 2. Vining Sparks analysts commented, "BK currently trades at a 14x price-to- earnings multiple and has a short-term risk that its operating expenses could continue to move higher as management catches-up on its investment spending. As a result, we are targeting around a 6% total return through year-end 2018E. EPS ($) 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 Itau Unibanco (ITUB), Bank of Nova Scotia (BNS), Banco Bradesco (BBD), State Street (STT), M&T Bank (MTB), Deutsche Bank (DB), Northern Trust (NTRS), BANCO BRADESCO/S (BBDO), Citizens Financial Group (CFG), Fifth Third Bancorp (FITB), 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?
News stories about BK stock have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of New York Mellon earned a coverage optimism score of 0.06 on Accern's scale. They also gave headlines about the bank an impact score of 45.86 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Bank of New York Mellon's major shareholders?
Bank of New York Mellon's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.11%), Westpac Banking Corp (0.05%), Retirement Systems of Alabama (0.05%), Montrusco Bolton Investments Inc. (0.05%), Chicago Capital LLC (0.03%) and Park National Corp OH (0.03%). 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 Bank of Montreal Can, Howard Capital Management Inc., Hartford Investment Management Co., Ronna Sue Cohen, Fjarde AP Fonden Fourth Swedish National Pension Fund, Carroll Financial Associates Inc., Retirement Systems of Alabama and Westpac Banking Corp. 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 purchased by a variety of institutional investors in the last quarter, including Chicago Capital LLC, Stralem & Co. Inc., NN Investment Partners Holdings N.V., State of Alaska Department of Revenue, Montrusco Bolton Investments Inc., Cullinan Associates Inc., Raymond James Trust N.A. and Norman Fields Gottscho Capital Management LLC. 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 $52.46.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $53.29 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 (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.
