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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 9 hold ratings and 3 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.
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12 Wall Street research analysts have issued twelve-month target prices for Bank of New York Mellon's stock. Their BK share price forecasts range from $41.00 to $70.00. On average, they expect the company's stock price to reach $50.27 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for BK or view top-rated stocks among Wall Street analysts.

Bank of New York Mellon's stock was trading at $58.08 at the start of the year. Since then, BK stock has decreased by 21.4% and is now trading at $45.67.
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Bank of New York Mellon saw a decrease in short interest in October. As of October 31st, there was short interest totaling 5,990,000 shares, a decrease of 9.9% from the October 15th total of 6,650,000 shares. Based on an average daily volume of 4,700,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the shares of the company are sold short.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 13th 2023.
View our BK earnings forecast.

Bank of New York Mellon will be holding an earnings conference call on Friday, January 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Bank of New York Mellon Co. (NYSE:BK) posted its quarterly earnings results on Monday, October, 17th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. The bank earned $4.28 billion during the quarter, compared to analyst estimates of $4.20 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 10.07% and a net margin of 16.07%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Read the conference call transcript.

Bank of New York Mellon announced a quarterly dividend on Monday, October 17th. Shareholders of record on Thursday, October 27th will be given a dividend of $0.37 per share on Thursday, November 10th. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, October 26th.
Read our dividend analysis for BK.

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.25%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 33.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

Bank of New York Mellon declared that its board has authorized a share buyback program on Monday, June 28th 2021, which authorizes the company to repurchase $6,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.

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).

Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the ticker symbol "BK."

Bank of New York Mellon's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.37%), BlackRock Inc. (7.79%), State Street Corp (4.01%), Artisan Partners Limited Partnership (2.71%), Davis Selected Advisers (1.68%) and Longview Partners Guernsey LTD (1.51%). 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.
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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.
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One share of BK stock can currently be purchased for approximately $45.67.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $36.91 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.29 on an earnings per share basis.

The company employs 49,100 workers across the globe.

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.