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

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BK shares have increased by 16.8% and is now trading at $39.95.
View which stocks have been most impacted by COVID-19.

20 Wall Street 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, 10 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Bank of New York Mellon.

Wall Street analysts have given The Bank of New York Mellon a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year 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.

The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Wednesday, January 20th 2021.
View our earnings forecast for The Bank of New York Mellon.

The Bank of New York Mellon will be holding an earnings conference call on Wednesday, January 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

The Bank of New York Mellon Co. (NYSE:BK) posted its quarterly earnings data on Friday, October, 16th. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.94 by $0.04. The bank earned $3.85 billion during 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 return on equity of 9.89%. The Bank of New York Mellon's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS.
View The Bank of New York Mellon's earnings history.

The Bank of New York Mellon declared a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, October 28th will be given a dividend of $0.31 per share on Tuesday, November 10th. This represents a $1.24 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, October 27th.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon announced that its Board of Directors has initiated a stock buyback program on Thursday, June 27th 2019, which authorizes the company to repurchase $3,940,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

20 brokers have issued 1-year price objectives for The Bank of New York Mellon's shares. Their forecasts range from $39.00 to $54.00. On average, they expect The Bank of New York Mellon's share price to reach $45.03 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon.

The Bank of New York Mellon saw a decline in short interest during the month of October. As of October 30th, there was short interest totaling 5,610,000 shares, a decline of 20.5% from the October 15th total of 7,060,000 shares. Based on an average trading volume of 4,970,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the company's stock are short sold.
View The Bank of New York Mellon's Short Interest.

Some companies that are related to The Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Eaton Vance (EV), Invesco (IVZ), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC), Main Street Capital (MAIN) and Prospect Capital (PSEC).
View all competitors.

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).

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

The Bank of New York Mellon's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.85%), State Street Corp (3.98%), Massachusetts Financial Services Co. MA (1.39%), Nuveen Asset Management LLC (1.00%), LSV Asset Management (0.55%) and Charles Schwab Investment Management Inc. (0.54%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, 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.

BK stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, Carlson Capital L P, State of Tennessee Treasury Department, AJO LP, Arrowstreet Capital Limited Partnership, AQR Capital Management LLC, and State Street Corp. 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.

BK stock was acquired by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., Great West Life Assurance Co. Can, Voloridge Investment Management LLC, PGGM Investments, Wells Fargo & Company MN, LSV Asset Management, M&G Investment Management Ltd., and First Trust Advisors LP.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BK stock can currently be purchased for approximately $39.95.

The Bank of New York Mellon has a market capitalization of $35.40 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. The Bank of New York Mellon employs 48,400 workers across the globe.

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

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]