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NYSE:BK - Bank of New York Mellon Stock Price, Forecast & News

$46.03
-0.99 (-2.11 %)
(As of 01/24/2020 12:11 PM ET)
Today's Range
$46.02
Now: $46.03
$46.70
50-Day Range
$46.18
MA: $49.81
$51.48
52-Week Range
$40.52
Now: $46.03
$54.27
Volume1.91 million shs
Average Volume4.07 million shs
Market Capitalization$42.45 billion
P/E Ratio10.14
Dividend Yield2.65%
Beta1.14
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone212-495-1784

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.77 billion
Cash Flow$4.37 per share
Book Value$41.25 per share

Profitability

Net Income$4.44 billion

Miscellaneous

Employees51,300
Market Cap$42.45 billion
Next Earnings Date4/15/2020 (Estimated)
OptionableOptionable

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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. Stockholders 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 annualized dividend and a dividend yield of 2.69%. The ex-dividend date 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 authorized a share buyback program on Thursday, June 27th 2019, which authorizes the company to repurchase $3,940,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

How were Bank of New York Mellon's earnings last quarter?

Bank of New York Mellon Corp (NYSE:BK) released its quarterly earnings data on Thursday, January, 16th. The bank reported $1.01 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.99 by $0.02. The bank earned $3.99 billion during the quarter, compared to analyst estimates 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 company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. View Bank of New York Mellon's Earnings History.

When is Bank of New York Mellon's next earnings date?

Bank of New York Mellon is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Bank of New York Mellon.

What price target have analysts set for BK?

12 equities research analysts have issued 1-year target prices for Bank of New York Mellon's shares. Their forecasts range from $45.00 to $58.00. On average, they expect Bank of New York Mellon's stock price to reach $51.50 in the next twelve months. This suggests a possible upside of 11.8% 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?

Media stories about BK stock have been trending somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Bank of New York Mellon earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future. 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 in December. As of December 31st, there was short interest totalling 7,470,000 shares, a decline of 17.5% from the December 15th total of 9,050,000 shares. Based on an average trading volume of 4,250,000 shares, the short-interest ratio is presently 1.8 days. Approximately 0.8% of the shares of the company are sold short. View Bank of New York Mellon's Current Options Chain.

Who are some of Bank of New York Mellon's key competitors?

What other stocks do shareholders of Bank of New York Mellon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of New York Mellon investors own include Bank of America (BAC), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), Walmart (WMT), Wells Fargo & Co (WFC), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Mcdonald's (MCD) and Intel (INTC).

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 a number of of retail and institutional investors. Top institutional shareholders include Marathon Asset Management LLP (0.15%), PGGM Investments (0.15%), Cacti Asset Management LLC (0.08%), Tocqueville Asset Management L.P. (0.04%), Strs Ohio (0.04%) and Calamos Advisors LLC (0.04%). 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 Gateway Investment Advisers LLC, PGGM Investments, Marathon Asset Management LLP, Strs Ohio, Meag Munich Ergo Kapitalanlagegesellschaft MBH, CX Institutional, Commerzbank Aktiengesellschaft FI and State of Alaska Department of Revenue. Company insiders that have sold Bank of New York Mellon company stock in the last year include Bridget E Engle, Charles W Scharf, 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 Calamos Advisors LLC, Cacti Asset Management LLC, Exchange Traded Concepts LLC, Assenagon Asset Management S.A., Campbell & CO Investment Adviser LLC, Cullinan Associates Inc., Diversified Trust Co and UNIVEST FINANCIAL Corp. 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 $46.07.

How big of a company is Bank of New York Mellon?

Bank of New York Mellon has a market capitalization of $42.48 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?

The official website for Bank of New York Mellon is http://www.bnymellon.com/.

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  784 (Vote Outperform)
Underperform Votes:  646 (Vote Underperform)
Total Votes:  1,430
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.
This page was last updated on 1/24/2020 by MarketBeat.com Staff

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