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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BK, but not buy additional shares or sell existing shares.
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12 analysts have issued twelve-month price objectives for Bank of New York Mellon's shares. Their BK share price forecasts range from $42.00 to $70.00. On average, they expect the company's share price to reach $50.42 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for BK or view top-rated stocks among Wall Street analysts.

Bank of New York Mellon's stock was trading at $58.08 on January 1st, 2022. Since then, BK shares have decreased by 24.3% and is now trading at $43.99.
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Bank of New York Mellon saw a increase in short interest in July. As of July 31st, there was short interest totaling 8,290,000 shares, an increase of 14.3% from the July 15th total of 7,250,000 shares. Based on an average daily volume of 4,020,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.0% of the company's stock are sold short.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our BK earnings forecast.

The Bank of New York Mellon Co. (NYSE:BK) released its quarterly earnings results on Friday, July, 15th. The bank reported $1.03 EPS for the quarter, missing the consensus estimate of $1.12 by $0.09. The bank had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.17 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 9.49% and a net margin of 20.61%. Bank of New York Mellon's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share.
Read the conference call transcript.

Bank of New York Mellon declared a quarterly dividend on Friday, July 15th. Stockholders of record on Monday, July 25th will be paid a dividend of $0.37 per share on Friday, August 5th. This represents a $1.48 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, July 22nd. This is a positive change from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for BK.

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.43%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 30.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

Bank of New York Mellon announced that its Board of Directors has initiated a stock buyback program on Monday, June 28th 2021, which authorizes the company to repurchase $6,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.

378 employees have rated Bank of New York Mellon Chief Executive Officer Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among the company's employees.

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), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

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

Bank of New York Mellon's stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (1.01%), Yacktman Asset Management LP (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), California Public Employees Retirement System (0.18%), New York State Teachers Retirement System (0.12%) and Principal Financial Group Inc. (0.12%). Insiders that own company stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Salla Francis J La and Thomas P Gibbons.
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Shares of BK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BK stock can currently be purchased for approximately $43.99.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $35.54 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.94 on an earnings per share basis.

The company employs 49,100 workers across the globe.

Bank of New York Mellon was founded in 1784.

Bank of New York Mellon's mailing address is 240 GREENWICH STREET, NEW YORK NY, 10286. The official website for the company is www.bnymellon.com. The bank can be reached via phone at (212) 495-1784, via email at shrrelations@bnymellon.com, or via fax at 302-655-5049.