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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Day of Financial Reckoning Is Near (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
The Day of Financial Reckoning Is Near (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Day of Financial Reckoning Is Near (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
The Day of Financial Reckoning Is Near (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Day of Financial Reckoning Is Near (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
The Day of Financial Reckoning Is Near (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Day of Financial Reckoning Is Near (Ad)
NYSE:BK

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

$44.81
-0.22 (-0.49%)
(As of 08/17/2022 12:00 AM ET)
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Compare
Today's Range
$44.29
$45.11
50-Day Range
$40.44
$45.03
52-Week Range
$39.78
$64.63
Volume
2.31 million shs
Average Volume
4.93 million shs
Market Capitalization
$36.21 billion
P/E Ratio
11.37
Dividend Yield
3.29%
Price Target
$50.73

Bank of New York Mellon MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
13.2% Upside
$50.73 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.29mentions of Bank of New York Mellon in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$4.54 M Sold Last Quarter
Proj. Earnings Growth
12.26%
From $4.24 to $4.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Finance Sector

134th out of 932 stocks

State Commercial Banks Industry

28th out of 194 stocks

BK stock logo

About Bank of New York Mellon (NYSE:BK) Stock

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 Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services; and clearance and collateral management services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers 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 provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. 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.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada cut their price objective on Bank of New York Mellon from $56.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Friday, July 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Bank of New York Mellon from $42.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, August 12th. Piper Sandler dropped their target price on shares of Bank of New York Mellon from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Friday, June 24th. JPMorgan Chase & Co. reduced their price objective on Bank of New York Mellon from $51.50 to $46.50 in a research report on Monday, July 11th. Finally, The Goldman Sachs Group cut their price target on Bank of New York Mellon from $51.50 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, June 29th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $50.73.

Bank of New York Mellon Stock Performance

Shares of BK Stock opened at $45.03 on Wednesday. The firm has a market cap of $36.39 billion, a PE ratio of 11.43, a P/E/G ratio of 1.76 and a beta of 1.12. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.78. Bank of New York Mellon has a 12 month low of $39.78 and a 12 month high of $64.63. The company's fifty day simple moving average is $42.74 and its 200-day simple moving average is $47.52.

Bank of New York Mellon (NYSE:BK - Get Rating) last released its earnings results on Friday, July 15th. The bank reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.09). The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.17 billion. Bank of New York Mellon had a return on equity of 9.49% and a net margin of 20.61%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. Equities research analysts expect that Bank of New York Mellon will post 4.24 EPS for the current fiscal year.

Bank of New York Mellon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Monday, July 25th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, July 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.29%. This is an increase from Bank of New York Mellon's previous quarterly dividend of $0.34. Bank of New York Mellon's payout ratio is 37.56%.

Insiders Place Their Bets

In other Bank of New York Mellon news, CEO Thomas P. Gibbons sold 105,062 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $43.24, for a total value of $4,542,880.88. Following the sale, the chief executive officer now directly owns 221,018 shares in the company, valued at approximately $9,556,818.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company's stock.

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BK Stock News Headlines

The Bank of New York Mellon Co. (NYSE:BK) Short Interest Update
New chair at ACG Pittsburgh
BNY Mellon sets stage for next CEO
What 10 Analyst Ratings Have To Say About Bank of New York Mellon
Bank Of New York Mellon BK Trading Advice
Bank of New York Earnings Misses Estimates
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BK Company Calendar

Last Earnings
7/15/2022
Ex-Dividend for 8/5 Dividend
7/22/2022
Dividend Payable
8/05/2022
Today
8/17/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
49,100
Year Founded
1784

Price Target and Rating

Average Stock Price Forecast
$50.73
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$3.76 billion
Pretax Margin
25.32%

Debt

Sales & Book Value

Annual Sales
$16.16 billion
Cash Flow
$6.87 per share
Book Value
$44.74 per share

Miscellaneous

Free Float
807,457,000
Market Cap
$36.21 billion
Optionable
Optionable
Beta
1.12

Social Links















BK Stock - Frequently Asked Questions

Should I buy or sell Bank of New York Mellon stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
View BK analyst ratings
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2022?

12 equities research analysts have issued 1-year target prices for Bank of New York Mellon's shares. Their BK share price forecasts range from $45.00 to $70.00. On average, they predict the company's share price to reach $50.73 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for BK
or view top-rated stocks among Wall Street analysts.

How have BK shares performed in 2022?

Bank of New York Mellon's stock was trading at $58.08 at the beginning of the year. Since then, BK shares have decreased by 22.8% and is now trading at $44.81.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,290,000 shares, an increase of 14.3% from the July 15th total of 7,250,000 shares. Based on an average trading volume of 4,020,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.0% of the shares of the company are short sold.
View Bank of New York Mellon's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our BK earnings forecast
.

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

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings data on Friday, July, 15th. The bank reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 9.49% and a net margin of 20.61%. Bank of New York Mellon's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS.
Read the conference call transcript
.

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 announced a quarterly dividend on Friday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, July 22nd. This is an increase from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for BK
.

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.29%. The company has been increasing its dividend for 12 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 31.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

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

Bank of New York Mellon declared that its board has authorized a stock repurchase plan on Monday, June 28th 2021, which authorizes the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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

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.

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

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).

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."

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

Bank of New York Mellon's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dodge & Cox (7.27%), State Street Corp (4.04%), Artisan Partners Limited Partnership (2.71%), FMR LLC (2.11%), Wells Fargo & Company MN (1.10%) and Northern Trust Corp (1.03%). 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.
View institutional ownership trends
.

How do I buy shares of Bank of New York Mellon?

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.
Compare Top Brokerages Here.

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

One share of BK stock can currently be purchased for approximately $44.81.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $36.21 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.

How many employees does Bank of New York Mellon have?

The company employs 49,100 workers across the globe.

Does Bank of New York Mellon have any subsidiaries?
The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, 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 Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, 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, Milestone Group, 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, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited.
Read More
When was Bank of New York Mellon founded?

Bank of New York Mellon was founded in 1784.

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 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.

This page (NYSE:BK) was last updated on 8/18/2022 by MarketBeat.com Staff

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