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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" The Bank of New York Mellon stock.
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The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for The Bank of New York Mellon.

The Bank of New York Mellon Co. (NYSE:BK) released its quarterly earnings data on Wednesday, July, 14th. The bank reported $1.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.00 by $0.13. The bank earned $3.96 billion during the quarter, compared to analyst estimates of $3.86 billion. The Bank of New York Mellon had a trailing twelve-month return on equity of 9.27% and a net margin of 22.86%. The business's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS.
View The Bank of New York Mellon's earnings history.

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 shares have increased by 52.0% and is now trading at $52.00.
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The Bank of New York Mellon announced a quarterly dividend on Thursday, July 15th. Shareholders of record on Tuesday, July 27th will be paid a dividend of $0.34 per share on Monday, August 9th. This represents a $1.36 annualized dividend and a yield of 2.62%. The ex-dividend date is Monday, July 26th. This is a boost from The Bank of New York Mellon's previous quarterly dividend of $0.31.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.65%. The Bank of New York Mellon does not yet have a strong track record of dividend growth. The dividend payout ratio of The Bank of New York Mellon is 33.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Bank of New York Mellon will have a dividend payout ratio of 29.63% next year. This indicates that The Bank of New York Mellon will be able to sustain or increase its dividend.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon declared that its Board of Directors has authorized a share repurchase program on Monday, June 28th 2021, which allows the company to buyback $6,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

12 analysts have issued 12 month price objectives for The Bank of New York Mellon's shares. Their forecasts range from $41.00 to $59.00. On average, they anticipate The Bank of New York Mellon's stock price to reach $53.00 in the next year. This suggests a possible upside of 1.9% from the stock's current price.
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378 employees have rated The Bank of New York Mellon CEO Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among The Bank of New York Mellon's employees.

Some companies that are related to The Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), Ares Capital (ARCC), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
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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).

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

The Bank of New York Mellon's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (0.66%), Yacktman Asset Management LP (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.25%), Alliancebernstein L.P. (0.14%) and Marathon Asset Management LLP (0.13%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris and Salla Francis J La.
View institutional ownership trends for The Bank of New York Mellon.

BK stock was sold by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, PGGM Investments, Sumitomo Mitsui Trust Holdings Inc., Avion Wealth, State of Alaska Department of Revenue, Yacktman Asset Management LP, New England Research & Management Inc., and Bridge Creek Capital Management LLC. Company insiders that have sold The Bank of New York Mellon company stock in the last year include J Kevin Mccarthy, Kurtis R Kurimsky, and Salla Francis J La.
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BK stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Zurcher Kantonalbank Zurich Cantonalbank , Marathon Asset Management LLP, Calamos Advisors LLC, Oregon Public Employees Retirement Fund, Fort Pitt Capital Group LLC, Matthew Goff Investment Advisor LLC, and Advisor Group Holdings Inc..
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Shares of BK 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 $52.00.

The Bank of New York Mellon has a market capitalization of $45.53 billion and generates $16.94 billion in revenue each year. The bank earns $3.62 billion in net income (profit) each year or $4.01 on an earnings per share basis.

The Bank of New York Mellon employs 48,500 workers across the globe.

The following companies are subsidiares of The Bank of New York Mellon: BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Markets Limited, BNY Mellon Capital Markets LLC, 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 EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon National Association, 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, 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, and Walter Scott & Partners Limited.

The Bank of New York Mellon was founded in 1784.

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

The Bank of New York Mellon is headquartered at 240 GREENWICH STREET, NEW YORK NY, 10286.

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]