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OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
The Safest Option in Trades! (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
The Safest Option in Trades! (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
The Safest Option in Trades! (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks” (Ad)pixel
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
NYSE:BK

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

$45.22
-0.54 (-1.18%)
(As of 12/2/2022 12:00 AM ET)
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Compare
Today's Range
$44.87
$45.60
50-Day Range
$37.29
$45.90
52-Week Range
$36.22
$64.63
Volume
3.02 million shs
Average Volume
4.21 million shs
Market Capitalization
$36.55 billion
P/E Ratio
13.74
Dividend Yield
3.27%
Price Target
$50.35

Bank of New York Mellon MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
11.3% Upside
$50.35 Price Target
Short Interest
Healthy
0.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.39mentions of Bank of New York Mellon in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$787,400 Sold Last Quarter
Proj. Earnings Growth
3.00%
From $4.33 to $4.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Finance Sector

397th out of 891 stocks

State Commercial Banks Industry

92nd out of 187 stocks

BK stock logo

About Bank of New York Mellon (NYSE:BK) Stock

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services; and clearance and collateral management services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.

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BK Stock News Headlines

3 Large-Cap Blend Mutual Funds to Buy for Higher Returns
German authorities search BNY Mellon bank in cum-ex probe
5 Analysts Have This to Say About Bank of New York Mellon
12 Best Bank Dividend Stocks to Buy Now
BNY Mellon launches new payment platform
3 Dividend Stocks to Recession-Proof Your Portfolio
Worried About a Recession? This Bank Is Not
Company News for Oct 18, 2022
See More Headlines
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BK Company Calendar

Last Earnings
10/17/2022
Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Today
12/04/2022
Fiscal Year End
12/31/2022
Next Earnings (Confirmed)
1/13/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
49,100
Year Founded
1784

Price Target and Rating

Average Stock Price Forecast
$50.35
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+11.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$3.76 billion
Pretax Margin
20.60%

Debt

Sales & Book Value

Annual Sales
$16.16 billion
Cash Flow
$6.85 per share
Book Value
$43.19 per share

Miscellaneous

Free Float
807,633,000
Market Cap
$36.55 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Mr. Robin Antony Vince (Age 51)
    Pres, CEO & Director
    Comp: $7.77M
  • Ms. Emily Hope Portney (Age 50)
    Sr. EVP & CFO
    Comp: $2.06M
  • Ms. Bridget E. EngleMs. Bridget E. Engle (Age 58)
    Chief Operations & Technology Officer
    Comp: $2.83M
  • Mr. Senthil S. Kumar (Age 56)
    Sr. EVP & Chief Risk Officer
    Comp: $2.5M
  • Mr. Marius Merz
    Head of Investor Relations
  • Mr. Mark Musi
    Chief Compliance & Ethics Officer
  • Mr. Jane Kevin McCarthyMr. Jane Kevin McCarthy (Age 57)
    Sr. EVP & Gen. Counsel
  • Ms. Natalie Sunderland
    Global Head of Marketing & Communications
  • Ms. Jolen Anderson (Age 43)
    Sr. EVP & Global Head of HR
  • Mr. John M. Roy
    Exec. VP & Chief Operating Officer of Corp. Treasury













BK Stock - Frequently Asked Questions

Should I buy or sell Bank of New York Mellon stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BK shares. 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.
View BK analyst ratings
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2023?

12 equities research analysts have issued 1-year target prices for Bank of New York Mellon's stock. Their BK share price forecasts range from $42.00 to $70.00. On average, they anticipate the company's stock price to reach $50.35 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for BK
or view top-rated stocks among Wall Street analysts.

How have BK shares performed in 2022?

Bank of New York Mellon's stock was trading at $58.08 at the start of the year. Since then, BK shares have decreased by 22.1% and is now trading at $45.22.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a decrease in short interest in October. As of October 31st, there was short interest totaling 5,990,000 shares, a decrease of 9.9% from the October 15th total of 6,650,000 shares. Based on an average trading volume of 4,700,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.7% of the company's stock are sold short.
View Bank of New York Mellon's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, January 13th 2023.
View our BK earnings forecast
.

How can I listen to Bank of New York Mellon's earnings call?

Bank of New York Mellon will be holding an earnings conference call on Friday, January 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings results on Monday, October, 17th. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. The bank had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.20 billion. Bank of New York Mellon had a net margin of 16.07% and a trailing twelve-month return on equity of 10.07%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.04 earnings per share.
Read the conference call transcript
.

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 announced a quarterly dividend on Monday, October 17th. Stockholders of record on Thursday, October 27th will be given a dividend of $0.37 per share on Thursday, November 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Wednesday, October 26th.
Read our dividend analysis for BK
.

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.27%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 33.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

How will Bank of New York Mellon's stock buyback program work?

Bank of New York Mellon declared that its board has authorized a stock buyback plan on Monday, June 28th 2021, which authorizes the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

What is Todd Gibbons' approval rating as Bank of New York Mellon's CEO?

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

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), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

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."

Who are Bank of New York Mellon's major shareholders?

Bank of New York Mellon's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.37%), BlackRock Inc. (7.79%), State Street Corp (4.01%), Artisan Partners Limited Partnership (2.71%), Davis Selected Advisers (1.68%) and Longview Partners Guernsey LTD (1.51%). Insiders that own company stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Salla Francis J La and Thomas P Gibbons.
View institutional ownership trends
.

How do I buy shares of Bank of New York Mellon?

Shares of BK stock 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.
Compare Top Brokerages Here.

What is Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $45.22.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $36.55 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.29 on an earnings per share basis.

How many employees does Bank of New York Mellon have?

The company employs 49,100 workers across the globe.

Does Bank of New York Mellon have any subsidiaries?
The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, 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 Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, 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, Milestone Group, 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, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited.
Read More
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 official website for the company is www.bnymellon.com. The bank can be reached via phone at (212) 495-1784, via email at shrrelations@bnymellon.com, or via fax at 302-655-5049.

This page (NYSE:BK) was last updated on 12/4/2022 by MarketBeat.com Staff