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

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 during the month of 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 volume of 4,550,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.2% of the shares of the stock are sold short.
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) issued its quarterly earnings data on Wednesday, July, 14th. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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 (Coronavirus)?

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BK shares have increased by 50.6% and is now trading at $51.50.
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. Stockholders 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 dividend yield of 2.64%. The ex-dividend date is Monday, July 26th. This is an increase 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 2.72%. 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 of Directors has initiated a share repurchase plan on Monday, June 28th 2021, which allows the company to buyback $6,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

What price target have analysts set for BK?

13 brokers have issued 12 month price targets 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 twelve months. This suggests a possible upside of 3.5% 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?

Some companies that are related to The Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), State Street (STT), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), Ares Capital (ARCC), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
View all of BK's 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 variety of retail and institutional investors. Top institutional shareholders 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 institutional 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 institutional investors are buying The Bank of New York Mellon stock?

BK stock was purchased 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.
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What is The Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $51.50.

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

The Bank of New York Mellon has a market capitalization of $44.45 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].