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

$45.95
-0.75 (-1.61 %)
(As of 01/26/2020 04:00 PM ET)
Today's Range
$45.54
Now: $45.95
$46.70
50-Day Range
$45.95
MA: $49.75
$51.48
52-Week Range
$40.52
Now: $45.95
$54.27
Volume6.42 million shs
Average Volume4.29 million shs
Market Capitalization$42.38 billion
P/E Ratio10.12
Dividend Yield2.64%
Beta1.14
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$20.77 billion
Cash Flow$4.33 per share
Book Value$41.25 per share

Profitability

Net Income$4.44 billion

Miscellaneous

Employees51,300
Market Cap$42.38 billion
Next Earnings Date4/15/2020 (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 Thursday, January 16th. Investors of record on Monday, January 27th will be given a dividend of $0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, January 24th. 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 has authorized a share repurchase program on Thursday, June 27th 2019, which allows the company to buyback $3,940,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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

Bank of New York Mellon Corp (NYSE:BK) released its quarterly earnings data on Thursday, January, 16th. The bank reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.99 by $0.02. The bank earned $3.99 billion during the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a return on equity of 10.49% and a net margin of 21.39%. Bank of New York Mellon's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. 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, April 15th 2020. View Earnings Estimates for Bank of New York Mellon.

What price target have analysts set for BK?

12 equities research analysts have issued 1-year target prices for Bank of New York Mellon's shares. Their forecasts range from $45.00 to $58.00. On average, they expect Bank of New York Mellon's share price to reach $51.50 in the next twelve months. This suggests a possible upside of 12.1% 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?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of New York Mellon.

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

News articles about BK stock have been trending extremely negative recently, according to InfoTrie. The research firm identifies positive and negative 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 -5 to 5, with scores nearest to five being the most favorable. Bank of New York Mellon earned a daily sentiment score of -4.5 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. 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 December. As of December 31st, there was short interest totalling 7,470,000 shares, a decline of 17.5% from the December 15th total of 9,050,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the company are sold short. 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), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), Walmart (WMT), Wells Fargo & Co (WFC), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Intel (INTC) and Mcdonald's (MCD).

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 many different of institutional and retail investors. Top institutional investors include Marathon Asset Management LLP (0.15%), New York State Teachers Retirement System (0.15%), PGGM Investments (0.15%), Cacti Asset Management LLC (0.08%), Tocqueville Asset Management L.P. (0.04%) and Strs Ohio (0.04%). Company insiders that own Bank of New York Mellon stock include 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 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 Gateway Investment Advisers LLC, PGGM Investments, Marathon Asset Management LLP, Strs Ohio, Meag Munich Ergo Kapitalanlagegesellschaft MBH, CX Institutional, Commerzbank Aktiengesellschaft FI and State of Alaska Department of Revenue. 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 purchased by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Cacti Asset Management LLC, Exchange Traded Concepts LLC, Assenagon Asset Management S.A., Campbell & CO Investment Adviser LLC, Cullinan Associates Inc., New York State Teachers Retirement System and Diversified Trust Co. 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 $45.95.

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

Bank of New York Mellon has a market capitalization of $42.38 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. 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:  2.7 out of 5 (star star)
Outperform Votes:  785 (Vote Outperform)
Underperform Votes:  646 (Vote Underperform)
Total Votes:  1,431
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 1/26/2020 by MarketBeat.com Staff

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