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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:BK

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

$45.57
-0.96 (-2.06 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$45.32
Now: $45.57
$46.13
50-Day Range
$39.12
MA: $41.76
$46.56
52-Week Range
$26.40
Now: $45.57
$47.63
Volume4.33 million shs
Average Volume4.28 million shs
Market Capitalization$40.38 billion
P/E Ratio9.99
Dividend Yield2.68%
Beta1.07
The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. The Investment Service segment offers custody, 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, trading, investment, wealth and retirement solutions, technology and enterprise data management, corporate trust, depositary receipts, payments, receivables processing and payables management, trade finance and processing, and collateral management services. The Investment Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, and private banking services. The company also engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves asset managers, banks, broker-dealers, corporations, financial intermediaries, governments, high net worth individuals, insurance companies, non-profit organizations, pensions, and sovereign institutions. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
The Bank of New York Mellon logo

MarketRank

Overall MarketRank

2.20 out of 5 stars

Finance Sector

123rd out of 1,704 stocks

State Commercial Banks Industry

16th out of 273 stocks

Analyst Opinion: 2.2Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone212-495-1784
Employees48,400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.77 billion
Cash Flow$5.64 per share
Book Value$41.25 per share

Profitability

Net Income$4.44 billion

Miscellaneous

Market Cap$40.38 billion
Next Earnings Date1/20/2021 (Confirmed)
OptionableOptionable
$45.57
-0.96 (-2.06 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Bank of New York Mellon (NYSE:BK) Frequently Asked Questions

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

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BK stock has increased by 33.2% and is now trading at $45.57.
View which stocks have been most impacted by COVID-19
.

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

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 1 sell rating, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" The Bank of New York Mellon stock. 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.
View analyst ratings for The Bank of New York Mellon
or view MarketBeat's top 5 stock picks.

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 "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Bank of New York Mellon wasn't one of them. MarketBeat thinks these five stocks 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 Wednesday, January 20th 2021.
View our earnings forecast for The Bank of New York Mellon
.

How can I listen to The Bank of New York Mellon's earnings call?

The Bank of New York Mellon will be holding an earnings conference call on Wednesday, January 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

The Bank of New York Mellon Co. (NYSE:BK) issued its earnings results on Friday, October, 16th. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. The bank had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. The Bank of New York Mellon had a net margin of 23.09% and a return on equity of 9.89%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share.
View The Bank of New York Mellon's earnings history
.

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 Friday, October 16th. Investors of record on Wednesday, October 28th will be paid a dividend of $0.31 per share on Tuesday, November 10th. This represents a $1.24 annualized dividend and a yield of 2.72%. The ex-dividend date is Tuesday, October 27th.
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 2.68%. The dividend payout ratio of The Bank of New York Mellon is 30.85%. 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 30.10% 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 has authorized a share buyback plan on Thursday, June 27th 2019, which authorizes the company to buyback $3,940,000,000.00 in 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 plans are often an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for BK?

19 brokers have issued 12 month target prices for The Bank of New York Mellon's shares. Their forecasts range from $39.00 to $59.00. On average, they anticipate The Bank of New York Mellon's stock price to reach $47.71 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon
or view Wall Street analyst' top-rated stocks.

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).

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 $2.47M)
  • Ms. Bridget E. Engle, Chief Operations & Technology Officer (Age 57, Pay $2M)
  • Mr. Robin Antony Vince, Vice Chairman & CEO of Global Market Infrastructure
  • Ms. Emily Hope Portney, Chief Financial Officer (Age 49)
  • 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)
  • Ms. Eva A. Radtke, Global Head of Corp. Communications
  • Ms. Brenda Tsai, Chief Marketing Officer

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 a variety of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.06%), State of Alaska Department of Revenue (0.02%), Raymond James Trust N.A. (0.02%), Crossmark Global Holdings Inc. (0.01%), Park National Corp OH (0.01%) 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, 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 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 Cullinan Associates Inc., First Citizens Bank & Trust Co., City Holding Co., CX Institutional, State of Alaska Department of Revenue, Park National Corp OH, Gofen & Glossberg LLC IL, and 6 Meridian. Company insiders that have sold The Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, and Mitchell E Harris.
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 purchased by a variety of institutional investors in the last quarter, including Donald L. Hagan LLC, IFM Investors Pty Ltd, Wedge Capital Management L L P NC, Curbstone Financial Management Corp, Louisiana State Employees Retirement System, Butensky & Cohen Financial Security Inc., KMG Fiduciary Partners LLC, and Arden Trust Co.
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.

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

One share of BK stock can currently be purchased for approximately $45.57.

How big of a company is The Bank of New York Mellon?

The Bank of New York Mellon has a market capitalization of $40.38 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. The Bank of New York Mellon employs 48,400 workers across the globe.

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.

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 1/17/2021 by MarketBeat.com Staff

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