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. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
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$19.23 billion
Profitability
Miscellaneous
Employees51,300
Next Earnings Date4/17/2019 (Confirmed)
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 announced a quarterly dividend on Wednesday, January 16th. Shareholders of record on Monday, January 28th will be paid a dividend of $0.28 per share on Friday, February 8th. This represents a $1.12 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, January 25th. 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 of Directors has initiated a stock repurchase plan on Monday, December 10th 2018, which allows the company to buyback $830,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) issued its earnings results on Wednesday, January, 16th. The bank reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. The bank earned $4.01 billion during the quarter, compared to analyst estimates of $4.02 billion. Bank of New York Mellon had a net margin of 22.19% and a return on equity of 11.53%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. View Bank of New York Mellon's Earnings History.
When is Bank of New York Mellon's next earnings date?
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 Wednesday, April 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8003905696.
What price target have analysts set for BK?
9 Wall Street analysts have issued 12-month price targets for Bank of New York Mellon's stock. Their forecasts range from $49.00 to $68.00. On average, they expect Bank of New York Mellon's stock price to reach $55.7143 in the next year. This suggests a possible upside of 10.3% 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?
9 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, 4 hold ratings and 3 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. 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)
- 2. According to Zacks Investment Research, "Shares of BNY Mellon have outperformed the industry in the past year. Also, the company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Its fourth- quarter 2018 results were driven by rise in net interest income and lower costs. Higher interest rates, increase in fee income and solid assets balance will continue supporting the company’s profitability in the quarters ahead. Further, its enhanced capital deployment plan reflects a strong balance sheet position. However, elevated operating expenses are expected to continue hampering bottom-line growth to some extent. Also, the concentration risk, arising from significant dependence on fee-based income, remains a matter of concern." (1/21/2019)
Has Bank of New York Mellon been receiving favorable news coverage?
News coverage about BK stock has trended neutral this week, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 sentiment score of 0.2 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the company's share price in the next several days.
Who are some of Bank of New York Mellon's key competitors?
Some companies that are related to Bank of New York Mellon include Itau Unibanco (ITUB), Banco Bradesco (BBD), SBERBANK RUSSIA/S (SBRCY), Bank of Nova Scotia (BNS), BANCO BRADESCO/S (BBDO), State Street (STT), M&T Bank (MTB), Northern Trust (NTRS), Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Signature Bank (SBNY), East West Bancorp (EWBC) and Commerce Bancshares (CBSH).
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 a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.56%), Massachusetts Financial Services Co. MA (3.50%), FMR LLC (3.30%), Longview Partners Guernsey LTD (1.77%), Barrow Hanley Mewhinney & Strauss LLC (1.50%) and Macquarie Group Ltd. (1.47%). Company insiders that own Bank of New York Mellon stock include Brian T Shea, Bridget E Engle, Charles W Scharf, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. 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 Bessemer Group Inc., Close Asset Management Ltd, Millennium Management LLC, Massachusetts Financial Services Co. MA, Paloma Partners Management Co, State of Tennessee Treasury Department, Amundi Pioneer Asset Management Inc. and Dimensional Fund Advisors LP. 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 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Oregon Public Employees Retirement Fund, Marathon Asset Management LLP, Gateway Investment Advisers LLC, BlackRock Inc., Geode Capital Management LLC and Macquarie Group Ltd.. Company insiders that have bought Bank of New York Mellon stock in the last two years include Charles W Scharf and Trian Fund Management, LP. 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, Scottrade, 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 $50.50.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $48.22 billion and generates $19.23 billion in revenue each year. The bank earns $4.27 billion in net income (profit) each year or $4.21 on an earnings per share basis. Bank of New York Mellon employs 51,300 workers across the globe.
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.
