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

Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BK stock has decreased by 1.5% and is now trading at $33.68. View which stocks have been mosted impacted by Coronavirus.

15 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, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bank of New York Mellon.

Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. View our earnings forecast for Bank of New York Mellon.

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.

Bank of New York Mellon Corp (NYSE:BK) released its earnings results on Thursday, January, 16th. The bank reported $1.01 EPS for the quarter, topping the Zacks' consensus estimate of $0.99 by $0.02. The bank had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a net margin of 21.39% and a return on equity of 10.49%. Bank of New York Mellon's revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.99 earnings per share. View Bank of New York Mellon's earnings history.

Bank of New York Mellon declared a quarterly dividend on Thursday, January 16th. Investors 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 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Friday, January 24th. View Bank of New York Mellon's dividend history.

Bank of New York Mellon announced that its board has authorized a share repurchase plan 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 reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

15 brokerages have issued 1-year target prices for Bank of New York Mellon's stock. Their forecasts range from $30.00 to $58.00. On average, they expect Bank of New York Mellon's share price to reach $44.69 in the next year. This suggests a possible upside of 32.7% from the stock's current price. View analysts' price targets for Bank of New York Mellon.

Headlines about BK stock have trended positive on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Bank of New York Mellon earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutBank of New York Mellon.

Bank of New York Mellon saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 10,674,800 shares, an increase of 14.8% from the February 27th total of 9,300,000 shares. Based on an average daily volume of 5,490,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.2% of the company's shares are short sold. View Bank of New York Mellon's Current Options Chain.

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), Ares Capital (ARCC), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Golub Capital BDC (GBDC).

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), Walt Disney (DIS), Wells Fargo & Co (WFC), Walmart (WMT), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Intel (INTC) and Mcdonald's (MCD).

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

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.

One share of BK stock can currently be purchased for approximately $33.68.

Bank of New York Mellon has a market capitalization of $29.81 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 48,400 workers across the globe. View additional information about Bank of New York Mellon.

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

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]