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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone212-495-1784
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$20.77 billion
Profitability
Miscellaneous
Employees51,300
Next Earnings Date4/15/2020 (Estimated)
OptionableOptionable
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. Investors 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 yield of 2.69%. The ex-dividend date of this dividend 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 announced that its board has authorized a share repurchase plan on Thursday, June 27th 2019, which allows the company to repurchase $3,940,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase plans are typically 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) announced its quarterly earnings data on Thursday, January, 16th. The bank reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.02. The bank earned $3.99 billion during the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a return on equity of 10.49% and a net margin of 21.39%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 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?
12 analysts have issued 1-year price targets for Bank of New York Mellon's shares. Their forecasts range from $45.00 to $58.00. On average, they anticipate Bank of New York Mellon's stock price to reach $51.70 in the next year. This suggests a possible upside of 12.0% 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 2 sell ratings, 6 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.
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, "Shares of BNY Mellon have underperformed the industry in the past six months. The company has a decent earnings surprise history. The company’s earnings have surpassed the Zacks Consensus Estimate in only two of the trailing four quarters. Its first-quarter 2019 results were adversely impacted by a decline in revenues and fall in assets under management (AUM). The company’s global reach, higher interest rates and efforts to improve fee income are expected to continue supporting growth. Also, the company's steady capital deployment actions are commendable and will enhance shareholder value. However, elevated operating expenses (mainly due to rise in investment-related costs, and litigation and restructuring charges) are likely to hamper bottom-line growth to some extent. Moreover, the concentration risk, arising from significant dependence on fee-based income, remains a matter of concern and might hamper financials going forward." (5/20/2019)
- 2. Vining Sparks analysts commented, "BK is the only one of our Large Cap U.S. Banks that we currently do not rate “Strong Buy”. Over the recent collapse in financial services valuations, BK outperformed the other two 10 percentage points, or more. Given what we believe to be temporary earnings headwinds at the other two Trust Banks we believe this investment rotation should begin to reverse through 2019, limiting BK ’s total return potential to its YOY growth in tangible book value plus its current dividend yield, about 7%." (1/23/2019)
Has Bank of New York Mellon been receiving favorable news coverage?
Media stories about BK stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. 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 news impact score of 1.5 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the near term. View News Stories for Bank of New York Mellon.
Are investors shorting Bank of New York Mellon?
Bank of New York Mellon saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 7,470,000 shares, a drop of 17.5% from the December 15th total of 9,050,000 shares. Based on an average daily volume of 4,250,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the company's shares are short sold. View Bank of New York Mellon's Current Options Chain.
Who are some of Bank of New York Mellon's key competitors?
Some companies that are related to Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Ares Capital (ARCC), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM), Cohen & Steers (CNS) and Main Street Capital (MAIN).
What other stocks do shareholders of Bank of New York Mellon own?
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 many different of institutional and retail investors. Top institutional investors include PGGM Investments (0.15%), Cacti Asset Management LLC (0.08%), Tocqueville Asset Management L.P. (0.04%), Calamos Advisors LLC (0.04%), Stewart & Patten Co. LLC (0.03%) and 6 Meridian (0.02%). 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 major 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, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Commerzbank Aktiengesellschaft FI, State of Alaska Department of Revenue, Guardian Investment Management, Stewart & Patten Co. LLC and Beacon Financial Group. 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 major 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, Assenagon Asset Management S.A., Cullinan Associates Inc., Diversified Trust Co, UNIVEST FINANCIAL Corp, DNB Asset Management AS and Raymond James Trust N.A.. 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 $46.18.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $42.59 billion and generates $20.77 billion in revenue each year. The bank earns $4.27 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?
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)
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.
