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. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:BK
Previous Symbol
CUSIP06405810
Phone212-495-1784
Debt
Debt-to-Equity Ratio0.81
Current Ratio0.69
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio13.52
Forward P/E Ratio11.70
P/E Growth1.49
Sales & Book Value
Annual Sales$16.55 billion
Price / Sales2.91
Cash Flow$5.4319 per share
Price / Cash Flow8.96
Book Value$37.52 per share
Price / Book1.30
Profitability
EPS (Most Recent Fiscal Year)$3.60
Net Income$4.09 billion
Net Margins24.92%
Return on Equity11.48%
Return on Assets1.21%
Miscellaneous
Employees52,500
Outstanding Shares988,780,000
Market Cap$47.55 billion
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 declared a quarterly dividend on Thursday, October 18th. Investors of record on Tuesday, October 30th will be given a dividend of $0.28 per share on Friday, November 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, October 29th. 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 of Directors has initiated a share repurchase program on Monday, December 10th 2018, which authorizes the company to buyback $830,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) posted its earnings results on Thursday, October, 18th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. The bank had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.15 billion. Bank of New York Mellon had a return on equity of 11.48% and a net margin of 24.92%. Bank of New York Mellon's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. View Bank of New York Mellon's Earnings History.
When is Bank of New York Mellon's next earnings date?
What price target have analysts set for BK?
13 brokerages have issued 1-year target prices for Bank of New York Mellon's stock. Their predictions range from $49.00 to $68.00. On average, they expect Bank of New York Mellon's stock price to reach $57.45 in the next twelve months. This suggests a possible upside of 18.0% 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?
13 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of New York Mellon.
What are Wall Street analysts saying about Bank of New York Mellon stock?
Here are some recent quotes from research analysts about Bank of New York Mellon stock:
- 1. According to Zacks Investment Research, "Shares of BNY Mellon have marginally underperformed the industry in the last six months. The company’s earnings have surpassed the Zacks Consensus Estimate in two and matched in two of the trailing four quarters. The company's global reach, higher interest rates and cost-saving efforts are expected to support profitability in the quarters ahead. Given a solid liquidity position, the company is expected to continue enhancing shareholder value. However, concentration risk arising from significant dependence on fee-based income remains a matter of concern and might hamper the company's financials." (9/25/2018)
- 2. Vining Sparks analysts commented, "BK currently trades at a 13x price-to-earnings multiple, and we believe its expected earnings per share growth could reduce its multiple down to below 12x. We believe this valuation is too low for a bank currently producing 25% return- on-tangible common equity. As a result of earnings growth, multiple expansion, and a 2.1% dividend yield, we are targeting over 15% total shareholder return over the next 12 months." (7/23/2018)
Has Bank of New York Mellon been receiving favorable news coverage?
News stories about BK stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of New York Mellon earned a news impact score of 1.0 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Bank of New York Mellon?
Bank of New York Mellon saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 15,154,579 shares, a decrease of 31.0% from the October 31st total of 21,961,828 shares. Based on an average daily volume of 5,190,992 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.5% of the shares of the company are sold short. 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 Itau Unibanco (ITUB), Banco Bradesco (BBD), Bank of Nova Scotia (BNS), SBERBANK RUSSIA/S (SBRCY), BANCO BRADESCO/S (BBDO), State Street (STT), M&T Bank (MTB), Northern Trust (NTRS), Deutsche Bank (DB), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH) and Signature Bank (SBNY).
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 53)
- Ms. Bridget Engle, Chief Information Officer & Sr. EVP
- Mr. Thomas P. Gibbons, Vice Chairman & CEO of Clearing, Markets and Client Management (Age 61)
- Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 63)
- Mr. Brian A. Ruane, CEO of Gov. Securities Services Corp.
Who are Bank of New York Mellon's major shareholders?
Bank of New York Mellon's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc (6.58%), Vanguard Group Inc. (6.58%), BlackRock Inc. (5.42%), Dodge & Cox (4.44%), Massachusetts Financial Services Co. MA (3.52%) and FMR LLC (2.39%). Company insiders that own Bank of New York Mellon stock include Brian T Shea, Bridget E Engle, Charles W Scharf, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. 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 BlackRock Inc., Vanguard Group Inc., Vanguard Group Inc, Capital International Investors, AQR Capital Management LLC, Mitsubishi UFJ Trust & Banking Corp, FIL Ltd and Prudential Financial Inc.. Company insiders that have sold Bank of New York Mellon company stock in the last year include Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky and Mitchell E Harris. 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 bought by a variety of institutional investors in the last quarter, including Matthew Goff Investment Advisor LLC, FMR LLC, Macquarie Group Ltd., American Century Companies Inc., AustralianSuper Pty Ltd, Morgan Stanley, Capital World Investors and First Trust Advisors LP. Company insiders that have bought Bank of New York Mellon stock in the last two years include Charles W Scharf and Trian Fund Management, LP. 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, Scottrade, 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 $48.67.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $47.55 billion and generates $16.55 billion in revenue each year. The bank earns $4.09 billion in net income (profit) each year or $3.60 on an earnings per share basis. Bank of New York Mellon employs 52,500 workers across the globe.
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.
