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NYSE:BK

The Bank of New York Mellon Stock Forecast, Price & News

$35.56
-0.85 (-2.33 %)
(As of 10/27/2020 12:00 AM ET)
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Compare
Today's Range
$35.51
Now: $35.56
$36.49
50-Day Range
$33.14
MA: $35.89
$38.02
52-Week Range
$26.40
Now: $35.56
$51.60
Volume4.36 million shs
Average Volume5.85 million shs
Market Capitalization$31.50 billion
P/E Ratio7.80
Dividend Yield3.38%
Beta1.04
The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. The Investment Service segment offers custody, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, trading, investment, wealth and retirement solutions, technology and enterprise data management, corporate trust, depositary receipts, payments, receivables processing and payables management, trade finance and processing, and collateral management services. The Investment Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, and private banking services. The company also engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves asset managers, banks, broker-dealers, corporations, financial intermediaries, governments, high net worth individuals, insurance companies, non-profit organizations, pensions, and sovereign institutions. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
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The Bank of New York Mellon logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone212-495-1784
Employees48,400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.77 billion
Cash Flow$5.41 per share
Book Value$41.25 per share

Profitability

Net Income$4.44 billion

Miscellaneous

Market Cap$31.50 billion
Next Earnings Date1/21/2021 (Estimated)
OptionableOptionable
$35.56
-0.85 (-2.33 %)
(As of 10/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Bank of New York Mellon (NYSE:BK) Frequently Asked Questions

How has The Bank of New York Mellon's stock been impacted by Coronavirus?

The 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. Since then, BK stock has increased by 4.0% and is now trading at $35.56.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of The Bank of New York Mellon?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Bank of New York Mellon
.

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

The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, January 21st 2021.
View our earnings forecast for The Bank of New York Mellon
.

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

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings results on Friday, October, 16th. The bank reported $0.98 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.94 by $0.04. The bank had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.83 billion. The Bank of New York Mellon had a net margin of 23.09% and a return on equity of 9.89%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS.
View The Bank of New York Mellon's earnings history
.

How often does The Bank of New York Mellon pay dividends? What is the dividend yield for The Bank of New York Mellon?

The Bank of New York Mellon announced a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, October 28th will be paid a dividend of $0.31 per share on Tuesday, November 10th. This represents a $1.24 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, October 27th.
View The Bank of New York Mellon's dividend history
.

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

The Bank of New York Mellon announced that its board has authorized a share buyback program on Thursday, June 27th 2019, which authorizes the company to buyback $3,940,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for BK?

18 brokerages have issued 12-month price targets for The Bank of New York Mellon's shares. Their forecasts range from $39.00 to $54.00. On average, they expect The Bank of New York Mellon's share price to reach $45.16 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon
.

Are investors shorting The Bank of New York Mellon?

The Bank of New York Mellon saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,460,000 shares, an increase of 12.9% from the August 31st total of 6,610,000 shares. Based on an average daily volume of 5,070,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the shares of the stock are short sold.
View The Bank of New York Mellon's Short Interest
.

Who are some of The Bank of New York Mellon's key competitors?

What other stocks do shareholders of The Bank of New York Mellon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The 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), The Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

Who are The Bank of New York Mellon's key executives?

The Bank of New York Mellon's management team includes the following people:
  • Mr. Thomas P. Gibbons, CEO & Director (Age 63, Pay $2.47M)
  • Ms. Bridget E. Engle, Chief Operations & Technology Officer (Age 56, Pay $2M)
  • Mr. Robin Antony Vince, Vice Chairman & CEO of Global Market Infrastructure
  • Ms. Emily Hope Portney, Chief Financial Officer (Age 48)
  • Mr. James S. Wiener, Sr. EVP, Chief Investment Officer and Head of Capital & Balance-Sheet Strategy (Age 52)
  • Ms. Magda Palczynska, Global Head of Investor Relations
  • Mr. Mark Musi, Chief Compliance & Ethics Officer
  • Mr. Jane Kevin McCarthy, Sr. EVP & Gen. Counsel (Age 55)
  • Ms. Eva A. Radtke, Global Head of Corp. Communications
  • Ms. Brenda Tsai, Chief Marketing Officer

What is The Bank of New York Mellon's stock symbol?

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

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

The Bank of New York Mellon's stock is owned by a variety of retail and institutional investors. Top institutional investors include LSV Asset Management (0.55%), M&G Investment Management Ltd. (0.20%), PGGM Investments (0.15%), Hikari Power Ltd (0.06%), Wedge Capital Management L L P NC (0.06%) and State of New Jersey Common Pension Fund D (0.06%). Company insiders that own The 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 The Bank of New York Mellon
.

Which institutional investors are selling The Bank of New York Mellon stock?

BK stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Alberta Investment Management Corp, State of Alaska Department of Revenue, Standard Life Aberdeen plc, State of New Jersey Common Pension Fund D, Nissay Asset Management Corp Japan ADV, Park National Corp OH, and Redpoint Investment Management Pty Ltd. Company insiders that have sold The Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, and Mitchell E Harris.
View insider buying and selling activity for The Bank of New York Mellon
.

Which institutional investors are buying The Bank of New York Mellon stock?

BK stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, LSV Asset Management, M&G Investment Management Ltd., Wedge Capital Management L L P NC, Garland Capital Management Inc., Denali Advisors LLC, Hikari Power Ltd, and Courant Investment Management LLC.
View insider buying and selling activity for The Bank of New York Mellon
.

How do I buy shares of The 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 The Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $35.56.

How big of a company is The Bank of New York Mellon?

The Bank of New York Mellon has a market capitalization of $31.50 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. The Bank of New York Mellon employs 48,400 workers across the globe.

What is The Bank of New York Mellon's official website?

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

How can I contact The Bank of New York Mellon?

The 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]

This page was last updated on 10/27/2020 by MarketBeat.com Staff

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