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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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12 Wall Street 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 $70.00. On average, they anticipate the company's share price to reach $50.27 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
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Bank of New York Mellon's stock was trading at $58.08 at the beginning of 2022. Since then, BK stock has decreased by 28.5% and is now trading at $41.53.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
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Bank of New York Mellon will be holding an earnings conference call on Monday, October 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "5049084".

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings results on Friday, July, 15th. The bank reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by $0.09. The bank had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a net margin of 20.61% and a trailing twelve-month return on equity of 9.49%. Bank of New York Mellon's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share.
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Bank of New York Mellon declared a quarterly dividend on Friday, July 15th. Shareholders of record on Monday, July 25th will be given a dividend of $0.37 per share on Friday, August 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, July 22nd. This is an increase from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for BK.

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.73%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 31.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

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

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.

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).

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 number of institutional and retail investors. Top institutional shareholders include First Hawaiian Bank (0.01%), Park National Corp OH (0.01%), AdvisorNet Financial Inc (0.01%), Fulton Bank N.A. (0.00%), Symmetry Partners LLC (0.00%) and Wedmont Private Capital (0.00%). Insiders that own company stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Salla Francis J La and Thomas P Gibbons.
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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.
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One share of BK stock can currently be purchased for approximately $41.53.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $33.56 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.94 on an earnings per share basis.

The company employs 49,100 workers across the globe.

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.