NYSE:BK

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

$46.07
-1.94 (-4.04 %)
(As of 04/16/2021 12:00 AM ET)
Add
Compare
Today's Range
$45.80
Now: $46.07
$47.50
50-Day Range
$42.16
MA: $46.34
$49.09
52-Week Range
$31.24
Now: $46.07
$49.13
Volume9.96 million shs
Average Volume5.84 million shs
Market Capitalization$40.40 billion
P/E Ratio10.10
Dividend Yield2.69%
Beta1.07
The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the Investment Services and Investment Management segments. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Investment Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.
The Bank of New York Mellon logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone(212) 495-1784
Employees48,500
Year Founded1784

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.77 billion
Cash Flow$5.79 per share
Book Value$41.25 per share

Profitability

Net Income$4.44 billion

Miscellaneous

Market Cap$40.40 billion
Next Earnings Date7/21/2021 (Estimated)
OptionableOptionable

Headlines

Inclusive democracy is ‘good for the economy’
April 17, 2021 |  finance.yahoo.com
BNY Mellon CEO on new way of working, resilience
April 16, 2021 |  bizjournals.com
The Bank of New York Mellon Corp. Q1 Income Drops
April 16, 2021 |  markets.businessinsider.com
Earnings Preview for Bank of New York Mellon
April 15, 2021 |  benzinga.com
Strong big bank earnings ‘reflect the economy’
April 15, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.23 out of 5 stars

Finance Sector

79th out of 1,953 stocks

State Commercial Banks Industry

13th out of 310 stocks

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$46.07
-1.94 (-4.04 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive BK News and Ratings via Email

Sign-up to receive the latest news and ratings for BK and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











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

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

17 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 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 Wednesday, July 21st 2021.
View our earnings forecast for The Bank of New York Mellon
.

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

The Bank of New York Mellon Co. (NYSE:BK) issued its quarterly earnings results on Friday, April, 16th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.10. The bank had revenue of $3.92 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 trailing twelve-month return on equity of 9.89%. The firm's revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share.
View The Bank of New York Mellon's earnings history
.

How has The Bank of New York Mellon's stock price 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 34.7% and is now trading at $46.07.
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 announced a quarterly dividend on Friday, April 16th. Shareholders of record on Wednesday, April 28th will be given a dividend of $0.31 per share on Tuesday, May 11th. This represents a $1.24 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, April 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 2.69%. 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 announced that its Board of Directors has approved a share buyback plan on Thursday, June 27th 2019, which permits the company to repurchase $3,940,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

What price target have analysts set for BK?

17 brokers have issued 12-month price objectives for The Bank of New York Mellon's shares. Their forecasts range from $41.00 to $57.00. On average, they anticipate The Bank of New York Mellon's share price to reach $49.40 in the next twelve months. This suggests a possible upside of 7.2% 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:
  • Thomas P. Gibbons, Chief Executive Officer & Director (LinkedIn Profile)
  • Emily H. Portney, Chief Financial Officer
  • Bridget E. Engle, Chief Information Officer & Senior Executive VP
  • Sabet Elias, Chief Technology Officer
  • J. Kevin McCarthy, Senior Executive Vice President & General Counsel

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 institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.08%), Stack Financial Management Inc (0.07%), Bronte Capital Management Pty Ltd. (0.06%), Fort Pitt Capital Group LLC (0.04%), Retirement Systems of Alabama (0.03%) and Royal London Asset Management Ltd. (0.03%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, 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 CX Institutional, Retirement Systems of Alabama, Park National Corp OH, City Holding Co., State of Alaska Department of Revenue, Bridge Creek Capital Management LLC, Crossmark Global Holdings Inc., and FDx Advisors Inc.. Company insiders that have sold The Bank of New York Mellon company stock in the last year include 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 Motco, Wedge Capital Management L L P NC, Abner Herrman & Brock LLC, DnB Asset Management AS, Fort Pitt Capital Group LLC, Everence Capital Management Inc., NEXT Financial Group Inc, and Bronte Capital Management Pty Ltd..
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 $46.07.

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

The Bank of New York Mellon has a market capitalization of $40.40 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.

When was The Bank of New York Mellon founded?

The Bank of New York Mellon was founded in 1784.

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]m.


This page was last updated on 4/19/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.