NYSE:BKBank 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BK stock has increased by 10.4% and is now trading at $37.77. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 1 sell rating, 7 hold ratings and 8 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 Wednesday, July 15th 2020. View our earnings forecast for Bank of New York Mellon.

Bank of New York Mellon will be holding an earnings conference call on Wednesday, July 15th 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) announced its quarterly earnings data on Thursday, April, 16th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.15. The bank had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.87 billion. Bank of New York Mellon had a return on equity of 10.59% and a net margin of 21.60%. Bank of New York Mellon's revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 earnings per share. View Bank of New York Mellon's earnings history.

Bank of New York Mellon announced a quarterly dividend on Thursday, April 16th. Shareholders of record on Tuesday, April 28th will be given a dividend of $0.31 per share on Monday, May 11th. This represents a $1.24 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, April 27th. View Bank of New York Mellon's dividend history.

Bank of New York Mellon declared that its Board of Directors has authorized a stock repurchase program on Thursday, June 27th 2019, which authorizes the company to buyback $3,940,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

16 analysts have issued 12 month price objectives for Bank of New York Mellon's shares. Their forecasts range from $30.00 to $54.00. On average, they anticipate Bank of New York Mellon's stock price to reach $44.04 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price. View analysts' price targets for Bank of New York Mellon.

Media headlines about BK stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bank of New York Mellon earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Bank of New York Mellon.

Bank of New York Mellon saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,250,000 shares, an increase of 6.2% from the May 31st total of 8,710,000 shares. Based on an average trading volume of 6,580,000 shares, the short-interest ratio is currently 1.4 days. Approximately 1.1% of the company's stock are sold short. 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), Ameriprise Financial (AMP), Northern Trust (NTRS), 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 Main Street Capital (MAIN). View all competitors.

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), Intel (INTC), Wells Fargo & Co (WFC), Walmart (WMT), AT&T (T), Johnson & Johnson (JNJ) and Exxon Mobil (XOM).

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 variety of institutional and retail investors. Top institutional investors include Cacti Asset Management LLC (0.04%), State of Alaska Department of Revenue (0.03%), Cullinan Associates Inc. (0.01%), Park National Corp OH (0.01%), Municipal Employees Retirement System of Michigan (0.00%) and Fulton Bank N. A. (0.00%). Company insiders that own Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons, Trian Fund Management, LP and William M Daley. View institutional ownership trends for Bank of New York Mellon.

BK stock was sold by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, Park National Corp OH, M&R Capital Management Inc., Cullinan Associates Inc., and Fulton Bank N. A.. Company insiders that have sold Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Mitchell E Harris, and Thomas P Gibbons. View insider buying and selling activity for Bank of New York Mellon.

BK stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Windsor Group LTD, Courier Capital LLC, Diversified Trust Co, Modus Advisors LLC, Ellevest Inc., and Municipal Employees Retirement System of Michigan. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of BK stock can currently be purchased for approximately $37.77.

Bank of New York Mellon has a market capitalization of $33.44 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.

The official website for Bank of New York Mellon is 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]