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
SymbolNYSE:BK
CUSIP06405810
Phone212-495-1784
Debt
Debt-to-Equity Ratio0.82
Current Ratio0.69
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio14.43
Forward P/E Ratio12.43
P/E Growth1.59
Sales & Book Value
Annual Sales$16.55 billion
Price / Sales3.14
Cash Flow$5.4616 per share
Price / Cash9.51
Book Value$37.52 per share
Price / Book1.38
Profitability
EPS (Most Recent Fiscal Year)$3.60
Net Income$4.09 billion
Net Margins25.08%
Return on Equity11.40%
Return on Assets1.19%
Miscellaneous
Employees52,500
Outstanding Shares999,950,000
Market Cap$51.02 billion
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, July 19th. Stockholders of record on Tuesday, July 31st will be given a dividend of $0.28 per share on Friday, August 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Monday, July 30th. This is a boost from Bank of New York Mellon's previous quarterly dividend of $0.24. 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 stock buyback program on Thursday, June 28th 2018, which permits the company to repurchase $2,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.
How were Bank of New York Mellon's earnings last quarter?
Bank of New York Mellon Corp (NYSE:BK) issued its earnings results on Thursday, July, 19th. The bank reported $1.03 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.02 by $0.01. The bank had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.13 billion. Bank of New York Mellon had a return on equity of 11.40% and a net margin of 25.08%. Bank of New York Mellon's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. View Bank of New York Mellon's Earnings History.
When is Bank of New York Mellon's next earnings date?
What price target have analysts set for BK?
15 Wall Street analysts have issued 12 month price targets for Bank of New York Mellon's stock. Their forecasts range from $52.00 to $68.00. On average, they expect Bank of New York Mellon's stock price to reach $58.25 in the next twelve months. This suggests a possible upside of 12.1% 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?
15 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, 9 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 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. Its second-quarter 2018 results benefited from higher revenues and growth in assets under management (AUM). However, higher expenses acted as a headwind. While the company’s strong global reach, higher rates and cost-saving efforts are expected to support profitability in the quarters ahead, concentration risk arising from significant dependence on fee-based income remains a matter of concern. This is because, if there is any change in individual investment preferences, regulatory amendments or a slowdown in capital market activities, it might hamper the company's financials." (8/7/2018)
- 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)
Are investors shorting Bank of New York Mellon?
Bank of New York Mellon saw a increase in short interest in July. As of July 31st, there was short interest totalling 16,221,112 shares, an increase of 30.7% from the July 13th total of 12,411,076 shares. Based on an average daily trading volume, of 7,501,192 shares, the short-interest ratio is currently 2.2 days. Approximately 1.6% 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), State Street (STT), M&T Bank (MTB), Deutsche Bank (DB), Northern Trust (NTRS), BANCO BRADESCO/S (BBDO), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY) and Western Alliance Bancorporation (WAL).
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, Chief Information Officer & Sr. EVP
- 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.
Has Bank of New York Mellon been receiving favorable news coverage?
Headlines about BK stock have trended somewhat negative on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of New York Mellon earned a news and rumor sentiment score of -0.11 on Accern's scale. They also assigned news coverage about the bank an impact score of 47.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Bank of New York Mellon.
Who are Bank of New York Mellon's major shareholders?
Bank of New York Mellon's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.75%), Massachusetts Financial Services Co. MA (3.49%), FMR LLC (1.84%), Longview Partners Guernsey LTD (1.75%), Artisan Partners Limited Partnership (1.37%) and Macquarie Group Ltd. (1.28%). 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 Tocqueville Asset Management L.P., Millennium Management LLC, BlackRock Inc., State of New Jersey Common Pension Fund D, Russell Investments Group Ltd., Dimensional Fund Advisors LP, Massachusetts Financial Services Co. MA and American Century Companies Inc.. Company insiders that have sold Bank of New York Mellon company stock in the last year include Brian T Shea, Bridget E Engle, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. 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 FMR LLC, Morgan Stanley, AustralianSuper Pty Ltd, Vulcan Value Partners LLC, Sei Investments Co., United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund, Glenmede Trust Co. NA and Chicago Capital LLC. 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 $51.94.
How big of a company is Bank of New York Mellon?
Bank of New York Mellon has a market capitalization of $51.02 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.
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.
