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S&P 500   4,282.37
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Stock market today: Asian stocks follow Wall St up after strong US jobs report
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Greek authorities rescue 91 migrants from river islet on border with Turkey
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Stock market today: Asian stocks follow Wall St up after strong US jobs report
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Greek authorities rescue 91 migrants from river islet on border with Turkey
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Stock market today: Asian stocks follow Wall St up after strong US jobs report
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Greek authorities rescue 91 migrants from river islet on border with Turkey
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Switzerland's UBS says it could complete Credit Suisse takeover on June 12
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
NYSE:BK

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

$42.74
+1.49 (+3.61%)
(As of 06/2/2023 08:48 PM ET)
Compare
Today's Range
$41.69
$43.15
50-Day Range
$39.67
$46.36
52-Week Range
$36.22
$52.26
Volume
6.90 million shs
Average Volume
5.69 million shs
Market Capitalization
$33.73 billion
P/E Ratio
13.53
Dividend Yield
3.46%
Price Target
$51.61

Bank of New York Mellon MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
20.7% Upside
$51.61 Price Target
Short Interest
Healthy
0.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.58mentions of Bank of New York Mellon in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.29%
From $4.73 to $4.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Finance Sector

434th out of 871 stocks

State Commercial Banks Industry

125th out of 181 stocks


BK stock logo

About Bank of New York Mellon (NYSE:BK) Stock

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segment. The Securities Services segment includes Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data and analytics solutions. The Market and Wealth Services segment comprises industry leaders pershing and clearance and collateral management, and treasury services business. The Investment and Wealth Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The Other segment which includes the leasing portfolio, corporate treasury activities, derivatives and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

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BK Stock News Headlines

Buffett's Latest Buys: What Stocks Is He Adding to His Portfolio? (BK)
Berkshire Hathaway buys $13.2 billion stake in Occidental Petroleum. Capital One is a new large holding, while stakes in Bank of America and Citigroup increase.
What 9 Analyst Ratings Have To Say About Bank of New York Mellon
WARNING TO ALL U.S. INVESTORS
May 16, 2023... The Day That Will Financially Paralyze 181 Million American Investors... Here are 3 steps to prepare yourself >>>
Buffett Dumped 2 Stocks to Buy This One. Should You Follow?
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Berkshire Hathaway takes up stake in Capital One
See More Headlines

BK Price History

BK Company Calendar

Last Earnings
4/18/2023
Ex-Dividend for 5/11 Dividend
4/27/2023
Dividend Payable
5/11/2023
Today
6/04/2023
Next Earnings (Confirmed)
7/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
51,700
Year Founded
1784

Price Target and Rating

Average Stock Price Forecast
$51.61
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$2.57 billion
Pretax Margin
15.74%

Debt

Sales & Book Value

Annual Sales
$19.99 billion
Cash Flow
$7.76 per share
Book Value
$45.45 per share

Miscellaneous

Free Float
788,345,000
Market Cap
$33.73 billion
Optionable
Optionable
Beta
1.07

Social Links


Key Executives

  • Robin Antony Vince
    President, Chief Executive Officer & Director
  • Bridget E. EngleBridget E. Engle
    Senior VP, Head-Operations & Technology
  • Dermot William McDonogh
    Chief Financial Officer & Senior Executive VP
  • J. Kevin McCarthyJ. Kevin McCarthy
    Senior Executive Vice President & General Counsel
  • Jolen Anderson
    Executive VP & Head-Global Human Resources













BK Stock - Frequently Asked Questions

Should I buy or sell Bank of New York Mellon stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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.
View BK analyst ratings
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2023?

12 analysts have issued 1-year price objectives for Bank of New York Mellon's stock. Their BK share price forecasts range from $41.00 to $62.00. On average, they predict the company's stock price to reach $51.61 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
View analysts price targets for BK
or view top-rated stocks among Wall Street analysts.

How have BK shares performed in 2023?

Bank of New York Mellon's stock was trading at $45.52 at the start of the year. Since then, BK shares have decreased by 6.1% and is now trading at $42.74.
View the best growth stocks for 2023 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,990,000 shares, an increase of 11.1% from the April 30th total of 5,390,000 shares. Based on an average daily volume of 5,640,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the company's shares are short sold.
View Bank of New York Mellon's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our BK earnings forecast
.

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 Tuesday, July 18th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

The Bank of New York Mellon Co. (NYSE:BK) posted its quarterly earnings data on Tuesday, April, 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.03. The bank had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.40 billion. Bank of New York Mellon had a net margin of 11.98% and a trailing twelve-month return on equity of 11.45%. Bank of New York Mellon's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS.
Read the conference call transcript
.

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 declared a quarterly dividend on Tuesday, April 18th. Shareholders of record on Friday, April 28th will be paid a dividend of $0.37 per share on Thursday, May 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, April 27th.
Read our dividend analysis for BK
.

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.46%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 29.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

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 program on Monday, June 28th 2021, which allows the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

What is Todd Gibbons' approval rating as Bank of New York Mellon's CEO?

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.

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

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).

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."

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

Bank of New York Mellon's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.36%), Dodge & Cox (7.58%), State Street Corp (3.92%), Artisan Partners Limited Partnership (2.59%), FMR LLC (2.28%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Salla Francis J La and Thomas P Gibbons.
View institutional ownership trends
.

How do I buy shares of Bank of New York Mellon?

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.
Compare Top Brokerages Here.

What is Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $42.74.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $33.73 billion and generates $19.99 billion in revenue each year. The bank earns $2.57 billion in net income (profit) each year or $3.16 on an earnings per share basis.

How many employees does Bank of New York Mellon have?

The company employs 51,700 workers across the globe.

Does Bank of New York Mellon have any subsidiaries?
The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, Milestone Group, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited.
Read More
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 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.

This page (NYSE:BK) was last updated on 6/5/2023 by MarketBeat.com Staff

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