NYSE:BKBank of New York Mellon Stock Price, Forecast & News

Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BK shares have increased by 12.1% and is now trading at $38.33. View which stocks have been most impacted by Coronavirus.

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, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bank of New York Mellon.

Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Bank of New York Mellon.

Bank of New York Mellon will be holding an earnings conference call on Wednesday, July 15th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Bank of New York Mellon Corp (NYSE:BK) issued its quarterly earnings data on Thursday, April, 16th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.15. The bank had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.87 billion. Bank of New York Mellon had a return on equity of 10.59% and a net margin of 21.60%. Bank of New York Mellon's revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. View Bank of New York Mellon's earnings history.

Bank of New York Mellon declared a quarterly dividend on Thursday, April 16th. Stockholders of record on Tuesday, April 28th will be given a dividend of $0.31 per share on Monday, May 11th. This represents a $1.24 annualized dividend and a yield of 3.24%. The ex-dividend date is Monday, April 27th. View Bank of New York Mellon's dividend history.

Bank of New York Mellon declared that its board has authorized a share repurchase program on Thursday, June 27th 2019, which allows the company to buyback $3,940,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

16 equities research analysts have issued 12 month price targets for Bank of New York Mellon's shares. Their forecasts range from $30.00 to $54.00. On average, they expect Bank of New York Mellon's share price to reach $43.54 in the next year. This suggests a possible upside of 13.6% from the stock's current price. View analysts' price targets for Bank of New York Mellon.

Media stories about BK stock have trended very negative on Wednesday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of New York Mellon earned a coverage optimism score of -3.8 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 effect on the company's share price in the next few days. View the latest news aboutBank of New York Mellon.

Bank of New York Mellon saw a drop in short interest in April. As of April 30th, there was short interest totaling 7,350,000 shares, a drop of 17.4% from the April 15th total of 8,900,000 shares. Based on an average daily trading volume, of 7,180,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the company's stock are sold short. View Bank of New York Mellon's Current Options Chain.

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), Eaton Vance (EV), Legg Mason (LM), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Main Street Capital (MAIN). View all competitors.

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), Walt Disney (DIS), Intel (INTC), Wells Fargo & Co (WFC), Walmart (WMT), AT&T (T), Johnson & Johnson (JNJ) and Exxon Mobil (XOM).

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

Bank of New York Mellon's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.96%), State Street Corp (4.17%), Longview Partners Guernsey LTD (3.14%), First Eagle Investment Management LLC (2.08%), Capital International Investors (1.84%) and Massachusetts Financial Services Co. MA (1.76%). Company insiders that own Bank of New York Mellon stock include Berkshire Hathaway Inc, 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.

BK stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Capital International Investors, AJO LP, State Street Corp, Squarepoint Ops LLC, Capital Bank & Trust Co, Sather Financial Group Inc, and First Eagle Investment Management LLC. Company insiders that have sold Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Mitchell E Harris, and Thomas P Gibbons. View insider buying and selling activity for Bank of New York Mellon.

BK stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Longview Partners Guernsey LTD, Eaton Vance Management, Alyeska Investment Group L.P., Samlyn Capital LLC, Deprince Race & Zollo Inc., Deutsche Bank AG, and Prana Capital Management LP. View insider buying and selling activity for 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.

One share of BK stock can currently be purchased for approximately $38.33.

Bank of New York Mellon has a market capitalization of $33.94 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 48,400 workers across the globe.

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

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]