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Bank of New York Mellon Stock Price, News & Analysis (NYSE:BK)

$46.14
+0.47 (+1.03 %)
(As of 10/23/2019 03:57 AM ET)
Today's Range
$45.33
Now: $46.14
$46.72
50-Day Range
$41.45
MA: $44.64
$47.20
52-Week Range
$40.52
Now: $46.14
$54.27
Volume5.76 million shs
Average Volume5.07 million shs
Market Capitalization$43.49 billion
P/E Ratio10.96
Dividend Yield2.72%
Beta1.12
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP06405810
Phone212-495-1784

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$19.23 billion
Cash Flow$5.77 per share
Book Value$37.62 per share

Profitability

Net Income$4.27 billion

Miscellaneous

Employees51,300
Market Cap$43.49 billion
Next Earnings Date1/15/2020 (Estimated)
OptionableOptionable

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

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."

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 declared a quarterly dividend on Wednesday, October 16th. Shareholders of record on Monday, October 28th will be given a dividend of $0.31 per share on Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, October 25th. View Bank of New York Mellon's Dividend History.

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

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

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

Bank of New York Mellon Corp (NYSE:BK) announced its quarterly earnings data on Wednesday, October, 16th. The bank reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.08. The bank had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.92 billion. Bank of New York Mellon had a net margin of 19.31% and a return on equity of 10.57%. The business's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. View Bank of New York Mellon's Earnings History.

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

Bank of New York Mellon is scheduled to release their next quarterly earnings announcement on Wednesday, January 15th 2020. View Earnings Estimates for Bank of New York Mellon.

What price target have analysts set for BK?

10 Wall Street analysts have issued 12-month target prices for Bank of New York Mellon's stock. Their forecasts range from $40.00 to $55.00. On average, they expect Bank of New York Mellon's share price to reach $47.90 in the next year. This suggests a possible upside of 3.8% from the stock's current price. View Analyst Price Targets for Bank of New York Mellon.

What is the consensus analysts' recommendation for Bank of New York Mellon?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of New York Mellon.

What are Wall Street analysts saying about Bank of New York Mellon stock?

Here are some recent quotes from research analysts about Bank of New York Mellon stock:
  • 1. According to Zacks Investment Research, "Shares of BNY Mellon have underperformed the industry in the past six months. The company has a decent earnings surprise history. The company’s earnings have surpassed the Zacks Consensus Estimate in only two of the trailing four quarters. Its first-quarter 2019 results were adversely impacted by a decline in revenues and fall in assets under management (AUM). The company’s global reach, higher interest rates and efforts to improve fee income are expected to continue supporting growth. Also, the company's steady capital deployment actions are commendable and will enhance shareholder value. However, elevated operating expenses (mainly due to rise in investment-related costs, and litigation and restructuring charges) are likely to hamper bottom-line growth to some extent. Moreover, the concentration risk, arising from significant dependence on fee-based income, remains a matter of concern and might hamper financials going forward." (5/20/2019)
  • 2. Vining Sparks analysts commented, "BK is the only one of our Large Cap U.S. Banks that we currently do not rate “Strong Buy”. Over the recent collapse in financial services valuations, BK outperformed the other two 10 percentage points, or more. Given what we believe to be temporary earnings headwinds at the other two Trust Banks we believe this investment rotation should begin to reverse through 2019, limiting BK ’s total return potential to its YOY growth in tangible book value plus its current dividend yield, about 7%." (1/23/2019)

Has Bank of New York Mellon been receiving favorable news coverage?

Media coverage about BK stock has been trending negative this week, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of New York Mellon earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Bank of New York Mellon.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 11,110,000 shares, a decline of 5.1% from the August 15th total of 11,710,000 shares. Based on an average daily volume of 4,570,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.2% of the company's stock are short sold. View Bank of New York Mellon's Current Options Chain.

Who are some of Bank of New York Mellon's key competitors?

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), Walmart (WMT), Wells Fargo & Co (WFC), Johnson & Johnson (JNJ), Citigroup (C), Walt Disney (DIS), Intel (INTC) and General Electric (GE).

Who are Bank of New York Mellon's key executives?

Bank of New York Mellon's management team includes the folowing people:
  • Mr. Charles W. Scharf, Chairman & CEO (Age 54)
  • Mr. Michael P. Santomassimo, Sr. EVP & CFO (Age 44)
  • Ms. Bridget Engle, Sr. EVP & Chief Information Officer (Age 55)
  • Mr. Thomas P. Gibbons, Vice Chairman and CEO of Clearing, Markets & Client Management (Age 62)
  • Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 64)

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

Bank of New York Mellon's stock is owned by a number of of institutional and retail investors. Top institutional investors include Cacti Asset Management LLC (0.07%), Gateway Investment Advisers LLC (0.06%), Strs Ohio (0.04%), Stewart & Patten Co. LLC (0.03%), Envestnet Asset Management Inc. (0.03%) and Robeco Institutional Asset Management B.V. (0.02%). Company insiders that own Bank of New York Mellon stock include Brian T Shea, Bridget E Engle, Charles W Scharf, Edward P Garden, Gerald L Hassell, 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 Bank of New York Mellon.

Which major investors are selling Bank of New York Mellon stock?

BK stock was sold by a variety of institutional investors in the last quarter, including M&R Capital Management Inc., Gateway Investment Advisers LLC, Park National Corp OH, Strs Ohio, Wealthfront Advisers LLC, CIBC Private Wealth Group LLC, Crossmark Global Holdings Inc. and Norman Fields Gottscho Capital Management LLC. Company insiders that have sold Bank of New York Mellon company stock in the last year include Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. View Insider Buying and Selling for Bank of New York Mellon.

Which major investors are buying Bank of New York Mellon stock?

BK stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, CX Institutional, Robeco Institutional Asset Management B.V., Cullinan Associates Inc., 6 Meridian, Fox Run Management L.L.C., Calamos Advisors LLC and Stewart & Patten Co. LLC. Company insiders that have bought Bank of New York Mellon stock in the last two years include Trian Fund Management, LP and William M Daley. View Insider Buying and Selling for Bank of New York Mellon.

How do I buy shares of 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.

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

One share of BK stock can currently be purchased for approximately $46.14.

How big of a company is Bank of New York Mellon?

Bank of New York Mellon has a market capitalization of $43.49 billion and generates $19.23 billion in revenue each year. The bank earns $4.27 billion in net income (profit) each year or $4.21 on an earnings per share basis. Bank of New York Mellon employs 51,300 workers across the globe.View Additional Information About Bank of New York Mellon.

What is Bank of New York Mellon's official website?

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

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 bank can be reached via phone at 212-495-1784 or via email at [email protected]


MarketBeat Community Rating for Bank of New York Mellon (NYSE BK)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  702 (Vote Outperform)
Underperform Votes:  625 (Vote Underperform)
Total Votes:  1,327
MarketBeat's community ratings are surveys of what our community members think about Bank of New York Mellon and other stocks. Vote "Outperform" if you believe BK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2019 by MarketBeat.com Staff

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