NYSE:BK

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

$50.35
+0.38 (+0.76 %)
(As of 07/26/2021 01:03 PM ET)
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Today's Range
$49.50
$50.47
50-Day Range
$47.58
$52.21
52-Week Range
$32.65
$52.90
Volume203,212 shs
Average Volume5.31 million shs
Market Capitalization$44.08 billion
P/E Ratio13.01
Dividend Yield2.48%
Beta1.08
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The Bank of New York Mellon logo

About The Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through three segments: Investment Services, Investment and Wealth Management, and Other. The Investment Service segment offers custody, trust and depositary, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, investment, wealth and retirement solutions, technology and enterprise data management, trading, corporate trust, depositary receipts, payments, foreign exchange, liquidity management, receivables processing and payables management, trade finance and processing, collateral management, and tri-party services. The Investment and Wealth Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.

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MarketRank

Overall MarketRank

2.14 out of 5 stars

Finance Sector

277th out of 4,068 stocks

State Commercial Banks Industry

49th out of 630 stocks

Analyst Opinion: 1.3Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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The Bank of New York Mellon (NYSE:BK) Frequently Asked Questions

Is The Bank of New York Mellon a buy right now?

12 Wall Street 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 research analysts is that investors should "buy" The Bank of New York Mellon stock.
View analyst ratings for The Bank of New York Mellon
or view top-rated stocks.

What stocks does MarketBeat like better than The Bank of New York Mellon?

Wall Street analysts have given The Bank of New York Mellon a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Bank of New York Mellon wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

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
.

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

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

How has The Bank of New York Mellon's stock price been impacted by Coronavirus (COVID-19)?

The 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 (WHO). Since then, BK shares have increased by 46.3% and is now trading at $50.05.
View which stocks have been most impacted by COVID-19
.

How often does The Bank of New York Mellon pay dividends? What is the dividend yield for The Bank of New York Mellon?

The Bank of New York Mellon declared 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 dividend yield of 2.72%. The ex-dividend date is Monday, July 26th. This is a positive change from The Bank of New York Mellon's previous quarterly dividend of $0.31.
View The Bank of New York Mellon's dividend history
.

Is The Bank of New York Mellon a good dividend stock?

The Bank of New York Mellon pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.48%. 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 30.92%. 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 27.02% 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.

How will The Bank of New York Mellon's stock buyback program work?

The Bank of New York Mellon announced that its Board of Directors has approved a stock buyback plan on Monday, June 28th 2021, which allows the company to buyback $6,000,000,000.00 in outstanding 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 plans are typically a sign that the company's board believes its stock is undervalued.

What price target have analysts set for BK?

12 equities research analysts have issued 1-year price targets for The Bank of New York Mellon's stock. Their forecasts range from $41.00 to $59.00. On average, they anticipate The Bank of New York Mellon's share price to reach $52.23 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon
or view top-rated stocks among Wall Street analysts.

Who are The Bank of New York Mellon's key executives?

The Bank of New York Mellon's management team includes the following people:
  • Mr. Thomas P. Gibbons, CEO & Director (Age 64, Pay $4.56M)
  • Ms. Emily Hope Portney, Chief Financial Officer (Age 49, Pay $2.3M)
  • Ms. Bridget E. Engle, Sr. Exec. VP and Head of Operations & Technology (Age 57, Pay $2.54M)
  • Mr. Robin Antony Vince, Chief Exec. Officer of Global Market Infrastructure (Age 49, Pay $1.45M)
  • Ms. Catherine M. Keating, Sr. EVP & CEO of BNY Mellon Wealth Management (Age 59, Pay $1.86M)
  • Mr. James S. Wiener, Sr. EVP, Chief Investment Officer and Head of Capital & Balance-Sheet Strategy (Age 53)
  • Ms. Magda Palczynska, Global Head of Investor Relations
  • Mr. Mark Musi, Chief Compliance & Ethics Officer
  • Mr. Jane Kevin McCarthy, Sr. EVP & Gen. Counsel (Age 56) (LinkedIn Profile)
  • Ms. Eva A. Radtke, Global Head of Corp. Communications

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

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.

Who are some of The Bank of New York Mellon's key competitors?

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

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).

What is The Bank of New York Mellon's stock symbol?

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

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

The Bank of New York Mellon's stock is owned by many different retail and institutional investors. Top institutional investors include Marathon Asset Management LLP (0.13%), Private Management Group Inc. (0.06%), Oregon Public Employees Retirement Fund (0.02%), State of Alaska Department of Revenue (0.02%), Raymond James Trust N.A. (0.02%) and IFM Investors Pty Ltd (0.01%). 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
.

Which major investors are selling The Bank of New York Mellon stock?

BK stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, New England Research & Management Inc., First Command Bank, Raymond James Trust N.A., Asset Management Advisors LLC, TIAA FSB, and Trust Co. of Oklahoma. 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.
View insider buying and selling activity for The Bank of New York Mellon
or view top insider-selling stocks.

Which major investors are buying The Bank of New York Mellon stock?

BK stock was acquired by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Oregon Public Employees Retirement Fund, Transform Wealth LLC, IFM Investors Pty Ltd, Brookstone Capital Management, Harel Insurance Investments & Financial Services Ltd., Loudon Investment Management LLC, and Meridian Wealth Management LLC.
View insider buying and selling activity for The Bank of New York Mellon
or or view top insider-buying stocks.

How do I buy shares of The 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of BK stock can currently be purchased for approximately $50.05.

How much money does The Bank of New York Mellon make?

The Bank of New York Mellon has a market capitalization of $43.82 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.

How many employees does The Bank of New York Mellon have?

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

Does The Bank of New York Mellon have any subsidiaries?

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.

When was The Bank of New York Mellon founded?

The Bank of New York Mellon was founded in 1784.

What is The Bank of New York Mellon's official website?

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

Where are The Bank of New York Mellon's headquarters?

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

How can I contact The Bank of New York Mellon?

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]


This page was last updated on 7/26/2021 by MarketBeat.com Staff
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