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NYSE:BK

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

$50.85
+0.05 (+0.10%)
(As of 02/2/2023 09:17 AM ET)
Add
Compare
Today's Range
$50.85
$50.85
50-Day Range
$42.84
$50.61
52-Week Range
$36.22
$64.63
Volume
1,779 shs
Average Volume
6.26 million shs
Market Capitalization
$41.10 billion
P/E Ratio
17.53
Dividend Yield
2.93%
Price Target
$52.04

Bank of New York Mellon MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
2.7% Upside
$52.19 Price Target
Short Interest
Healthy
0.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.30mentions of Bank of New York Mellon in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.72%
From $4.70 to $5.11 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Finance Sector

125th out of 895 stocks

State Commercial Banks Industry

27th out of 190 stocks


BK stock logo

About Bank of New York Mellon (NYSE:BK) Stock

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segment. The Securities Services segment includes Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data and analytics solutions. The Market and Wealth Services segment comprises industry leaders pershing and clearance and collateral management, and treasury services business. The Investment and Wealth Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The Other segment which includes the leasing portfolio, corporate treasury activities, derivatives and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

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BK Stock News Headlines

The Latest Analyst Ratings for Bank of New York Mellon
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
BNY Mellon Expands Outsourced Trading to Buy-Side Clients
BNY Mellon's (BK) Q4 Earnings Beat Despite Lower Revenues
BNY Mellon Stock Rises Amid Bank Selloff
BNY Mellon to cut 3% of workforce this year - source
See More Headlines
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BK Company Calendar

Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Last Earnings
1/13/2023
Ex-Dividend for 2/3 Dividend
1/20/2023
Today
2/02/2023
Dividend Payable
2/03/2023
Next Earnings (Estimated)
4/17/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
49,100
Year Founded
1784

Price Target and Rating

Average Stock Price Forecast
$52.19
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+2.3%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$2.57 billion
Pretax Margin
25.85%

Debt

Sales & Book Value

Annual Sales
$19.99 billion
Cash Flow
$5.84 per share
Book Value
$44.42 per share

Miscellaneous

Free Float
807,633,000
Market Cap
$41.10 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Robin Vince
    President & Chief Executive Officer
  • Bridget E. EngleBridget E. Engle
    Chief Operations & Technology Officer
  • Emily H. Portney
    Chief Financial Officer
  • J. Kevin McCarthyJ. Kevin McCarthy
    Senior Executive Vice President & General Counsel
  • Jolen Anderson
    Global Head of Human Resources & Executive VP













BK Stock - Frequently Asked Questions

Should I buy or sell Bank of New York Mellon stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 1 sell rating, 5 hold ratings and 6 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.
View BK analyst ratings
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2023?

12 equities research analysts have issued 12-month price objectives for Bank of New York Mellon's shares. Their BK share price forecasts range from $44.00 to $64.00. On average, they expect the company's stock price to reach $52.19 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for BK
or view top-rated stocks among Wall Street analysts.

How have BK shares performed in 2023?

Bank of New York Mellon's stock was trading at $45.52 on January 1st, 2023. Since then, BK shares have increased by 11.6% and is now trading at $50.80.
View the best growth stocks for 2023 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a decline in short interest in December. As of December 30th, there was short interest totaling 3,230,000 shares, a decline of 16.1% from the December 15th total of 3,850,000 shares. Based on an average trading volume of 4,960,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company's shares are sold short.
View Bank of New York Mellon's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our BK earnings forecast
.

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

The Bank of New York Mellon Co. (NYSE:BK) released its quarterly earnings results on Friday, January, 13th. The bank reported $1.30 EPS for the quarter, topping the consensus estimate of $1.22 by $0.08. The bank had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.12 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 10.78% and a net margin of 12.87%. The company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share.
Read the conference call transcript
.

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 announced a quarterly dividend on Friday, January 13th. Investors of record on Monday, January 23rd will be paid a dividend of $0.37 per share on Friday, February 3rd. This represents a $1.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, January 20th.
Read our dividend analysis for BK
.

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.93%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 28.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

How will Bank of New York Mellon's stock buyback program work?

Bank of New York Mellon announced that its board has initiated a share repurchase plan on Monday, June 28th 2021, which authorizes the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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

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.

What other stocks do shareholders of Bank of New York Mellon own?

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).

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."

Who are Bank of New York Mellon's major shareholders?

Bank of New York Mellon's stock is owned by a variety of retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), New York State Common Retirement Fund (0.17%), M&G Investment Management Ltd. (0.13%), New York State Teachers Retirement System (0.12%) and Bank of Montreal Can (0.10%). 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.
View institutional ownership trends
.

How do I buy shares of Bank of New York Mellon?

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.
Compare Top Brokerages Here.

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

One share of BK stock can currently be purchased for approximately $50.80.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $41.06 billion and generates $19.99 billion in revenue each year. The bank earns $2.57 billion in net income (profit) each year or $2.90 on an earnings per share basis.

How many employees does Bank of New York Mellon have?

The company employs 49,100 workers across the globe.

Does Bank of New York Mellon have any subsidiaries?
The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, Milestone Group, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited.
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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 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.

This page (NYSE:BK) was last updated on 2/2/2023 by MarketBeat.com Staff