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NYSE:BK

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

$43.60
-0.08 (-0.18 %)
(As of 03/2/2021 05:14 PM ET)
Add
Compare
Today's Range
$43.58
Now: $43.60
$44.32
50-Day Range
$39.82
MA: $42.69
$46.56
52-Week Range
$26.40
Now: $43.60
$46.84
Volume4.49 million shs
Average Volume6.31 million shs
Market Capitalization$38.31 billion
P/E Ratio9.56
Dividend Yield2.84%
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

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone212-495-1784
Employees48,500
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.77 billion
Cash Flow$5.48 per share
Book Value$41.25 per share

Profitability

Net Income$4.44 billion

Miscellaneous

Market Cap$38.31 billion
Next Earnings Date4/16/2021 (Confirmed)
OptionableOptionable

MarketRank

Overall MarketRank

2.20 out of 5 stars

Finance Sector

123rd out of 1,940 stocks

State Commercial Banks Industry

21st out of 310 stocks

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$43.60
-0.08 (-0.18 %)
(As of 03/2/2021 05:14 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

18 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, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" The Bank of New York Mellon stock.
View analyst ratings for The Bank of New York Mellon
or view top-rated stocks.

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 "Buy" 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 Friday, April 16th 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 Friday, April 16th 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) posted its quarterly earnings results on Tuesday, January, 19th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.05. The bank earned $3.84 billion during the quarter, compared to the consensus estimate of $3.84 billion. The Bank of New York Mellon had a net margin of 23.09% and a trailing twelve-month return on equity of 9.89%. The company's revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share.
View The Bank of New York Mellon's earnings history
.

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

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BK stock has increased by 27.5% and is now trading at $43.61.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, January 20th. Stockholders of record on Monday, February 1st will be paid a dividend of $0.31 per share on Friday, February 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, January 29th.
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 2.94%. The Bank of New York Mellon does not yet have a strock track record of dividend growth. 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 declared that its Board of Directors has authorized a share buyback plan on Thursday, June 27th 2019, which allows the company to buyback $3,940,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

What price target have analysts set for BK?

18 analysts have issued 1-year price objectives for The Bank of New York Mellon's shares. Their forecasts range from $39.00 to $59.00. On average, they expect The Bank of New York Mellon's share price to reach $47.62 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon
or view top-rated stocks among Wall Street analysts.

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

378 employees have rated The Bank of New York Mellon CEO Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among The Bank of New York Mellon's employees.

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).

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 many different retail and institutional investors. Top institutional investors include Dodge & Cox (6.93%), BlackRock Inc. (6.37%), Longview Partners Guernsey LTD (2.65%), FMR LLC (2.53%), Artisan Partners Limited Partnership (2.10%) and Davis Selected Advisers (1.74%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, Edward P Garden, J Kevin Mccarthy, 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 Longview Partners Guernsey LTD, AJO LP, Barrow Hanley Mewhinney & Strauss LLC, Carlson Capital L P, Jupiter Asset Management Ltd., Dodge & Cox, Tweedy Browne Co LLC, and PGGM Investments. 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., FMR LLC, Artisan Partners Limited Partnership, Principal Financial Group Inc., Van ECK Associates Corp, Renaissance Technologies LLC, and Prana Capital Management LP.
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.
Compare Top Brokerages Here.

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

One share of BK stock can currently be purchased for approximately $43.61.

How much money does The Bank of New York Mellon make?

The Bank of New York Mellon has a market capitalization of $38.64 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.

How many employees does The Bank of New York Mellon have?

The Bank of New York Mellon employs 48,500 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.

Where are The Bank of New York Mellon's headquarters?

The Bank of New York Mellon is headquartered at 240 GREENWICH STREET, NEW YORK NY, 10286.

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 3/2/2021 by MarketBeat.com Staff

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