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 Date4/16/2020 (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 Thursday, January 16th. Stockholders of record on Monday, January 27th will be given a dividend of $0.31 per share on Friday, February 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.00%. 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 has initiated a share buyback plan 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 reacquire up to 9.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management 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 results on Thursday, January, 16th. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.99 by $0.02. The bank had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.17 billion. Bank of New York Mellon had a return on equity of 10.49% and a net margin of 21.39%. Bank of New York Mellon's revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. 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 Thursday, April 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
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 stock. 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 24.5% 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?
News stories about BK stock have trended somewhat negative on Wednesday, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bank of New York Mellon earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect 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 decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,340,000 shares, a decline of 15.1% from the January 15th total of 7,470,000 shares. Based on an average daily volume of 4,350,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.7% of the shares of the stock 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), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) 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 a number of of retail and institutional investors. Top institutional shareholders include Wealth Quarterback LLC (6.95%), State Street Corp (4.08%), Massachusetts Financial Services Co. MA (3.13%), Longview Partners Guernsey LTD (2.87%), Capital International Investors (2.40%) and First Eagle Investment Management LLC (2.05%). 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 Capital International Investors, FMR LLC, Barrow Hanley Mewhinney & Strauss LLC, New England Asset Management Inc., Massachusetts Financial Services Co. MA, Golub Group LLC, Gateway Investment Advisers LLC and Bank of New York Mellon Corp. Company insiders that have sold Bank of New York Mellon company stock in the last year include 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 Wealth Quarterback LLC, Goldman Sachs Group Inc., Hotchkis & Wiley Capital Management LLC, M&G Investment Management Ltd., AJO LP, Marshall Wace North America L.P., Prudential Financial Inc. and Schroder Investment Management Group. 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 $41.37.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $38.15 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?
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.
