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 Ratio13.61
Forward P/E Ratio11.77
P/E Growth1.51
Sales & Book Value
Annual Sales$16.55 billion
Price / Sales2.93
Cash Flow$5.4002 per share
Price / Cash Flow9.07
Book Value$37.52 per share
Price / Book1.31
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$48.12 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. Shareholders 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 annualized dividend and a yield of 2.29%. 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 has approved a share repurchase program on Monday, December 10th 2018, which allows the company to buyback $830,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock 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 quarterly earnings results on Thursday, October, 18th. The bank reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. The bank earned $4.07 billion during 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%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter 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?
How can I listen to Bank of New York Mellon's earnings call?
Bank of New York Mellon will be holding an earnings conference call on Wednesday, January 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8003905696.
What price target have analysts set for BK?
13 analysts have issued 1 year target prices for Bank of New York Mellon's stock. Their forecasts range from $49.00 to $68.00. On average, they expect Bank of New York Mellon's share price to reach $57.45 in the next twelve months. This suggests a possible upside of 17.3% 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?
Media stories about BK stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 news impact score of -2.4 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the next several days.
Are investors shorting Bank of New York Mellon?
Bank of New York Mellon saw a decrease in short interest in 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 short-interest ratio is presently 2.9 days. Approximately 1.5% of the shares of the stock 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), Bank of Nova Scotia (BNS), Banco Bradesco (BBD), 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), Commerce Bancshares (CBSH), East West Bancorp (EWBC) 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, Sr. EVP & Chief Information Officer (Age 54)
- 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 retail and institutional 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 major 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 major investors are buying Bank of New York Mellon stock?
BK stock was acquired 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 $48.98.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $48.12 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.
