NYSE:BK - Bank of New York Mellon Stock Price, News, & Analysis

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$50.24 +0.83 (+1.68 %)
(As of 01/16/2019 11:02 AM ET)
Previous Close$49.41
Today's Range$48.80 - $51.05
52-Week Range$43.67 - $58.99
Volume149,885 shs
Average Volume6.43 million shs
Market Capitalization$47.88 billion
P/E Ratio13.93
Dividend Yield2.31%
Beta1.02
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.

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Industry, Sector and Symbol

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

Debt

Current Ratio0.69
Quick Ratio0.69

Price-To-Earnings

Sales & Book Value

Annual Sales$16.55 billion
Price / Sales3.00
Cash Flow$5.5698 per share
Price / Cash Flow9.02
Book Value$37.52 per share
Price / Book1.34

Profitability

Net Income$4.09 billion
Net Margins24.92%
Return on Assets1.21%

Miscellaneous

Employees52,500
Market Cap$47.88 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 Wednesday, January 16th. Stockholders of record on Monday, January 28th will be given a dividend of $0.28 per share on Friday, February 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.22%. 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 of Directors has initiated a stock buyback program on Monday, December 10th 2018, which authorizes the company to buyback $830,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

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

Bank of New York Mellon Corp (NYSE:BK) posted its quarterly earnings data on Wednesday, January, 16th. The bank reported $0.99 EPS for the quarter, topping the Zacks' consensus estimate of $0.92 by $0.07. The bank had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.02 billion. Bank of New York Mellon had a net margin of 24.92% and a return on equity of 11.48%. Bank of New York Mellon's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. View Bank of New York Mellon's Earnings History.

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

Bank of New York Mellon is scheduled to release their next quarterly earnings announcement on Wednesday, January 16th 2019. View Earnings Estimates for Bank of New York Mellon.

What price target have analysts set for BK?

13 brokerages have issued 12 month 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 stock price to reach $55.6111 in the next year. This suggests a possible upside of 10.2% 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, 6 hold ratings and 4 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, "BNY Mellon’s earnings surpassed the Zacks Consensus Estimate in only two of the trailing four quarters. Further, the earnings estimates have been going downward ahead of the company’s fourth quarter results. The shares of the company have outperformed the industry in the past year. However, elevated operating expenses are expected to continue to hamper bottom line growth to some extent. Although higher interest rates, increase in fee income and strong balance sheet position will support profitability, the concentration risk, arising from significant dependence on fee-based income, remains a matter of concern and might hamper the company's financials." (1/10/2019)
  • 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?

News headlines about BK stock have trended positive on Wednesday, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 media sentiment score of 2.8 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the immediate future.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in December. As of December 14th, there was short interest totalling 19,883,628 shares, an increase of 20.7% from the November 30th total of 16,471,035 shares. Based on an average trading volume of 8,137,420 shares, the short-interest ratio is presently 2.4 days. Currently, 2.0% of the company's shares 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?

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 54)
  • Ms. Bridget Engle, Sr. EVP & Chief Information Officer (Age 55)
  • Mr. Thomas P. Gibbons, Vice Chairman & CEO of Clearing, Markets and Client Management (Age 62)
  • Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 64)
  • 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 institutional and retail investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.13%), Gulf International Bank UK Ltd (0.02%), Park National Corp OH (0.02%), Abner Herrman & Brock LLC (0.02%), Moody National Bank Trust Division (0.02%) and Greystone Investment Management LLC (0.02%). 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 Gulf International Bank UK Ltd, Park National Corp OH, First Citizens Bank & Trust Co., 6 Meridian, State of Alaska Department of Revenue, Louisiana State Employees Retirement System, DNB Asset Management AS and Cullinan Associates 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 purchased by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, New England Research & Management Inc., Norman Fields Gottscho Capital Management LLC, CX Institutional, Global Trust Asset Management LLC, Townsend & Associates Inc, Ipswich Investment Management Co. Inc. and Moody National Bank Trust Division. 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 $50.47.

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

Bank of New York Mellon has a market capitalization of $47.88 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?

The official website for Bank of New York Mellon is http://www.bnymellon.com.

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  557 (Vote Outperform)
Underperform Votes:  562 (Vote Underperform)
Total Votes:  1,119
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.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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