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NYSE:BK

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

$66.41
-1.59 (-2.34%)
(As of 09/6/2024 ET)
Today's Range
$66.22
â–Ľ
$68.60
50-Day Range
$59.53
â–Ľ
$68.22
52-Week Range
$39.66
â–Ľ
$68.60
Volume
4.11 million shs
Average Volume
3.80 million shs
Market Capitalization
$49.66 billion
P/E Ratio
15.37
Dividend Yield
2.83%
Price Target
$66.14

Bank of New York Mellon MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
0.4% Downside
$66.14 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.83mentions of Bank of New York Mellon in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$961,650 Sold Last Quarter
Proj. Earnings Growth
11.55%
From $5.63 to $6.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.56 out of 5 stars

Finance Sector

96th out of 871 stocks

State Commercial Banks Industry

18th out of 177 stocks

BK stock logo

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

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

BK Stock Price History

BK Stock News Headlines

FED The Federal Reserve System, the central banking system of the United States of America.
Decoding Jackson Hole: The Fed's Impact on Your Stock Portfolio (BK)
The Federal Reserve's upcoming policy announcements at Jackson Hole will shape investor expectations and influence market direction for the rest of the year.
Bank of New York Mellon (NYSE:BK) Sets New 12-Month High at $68.54
Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
Bank Of New York Mellon To Acquire Archer Holdco - Quick Facts
Bank of New York Mellon Corporation (BK) Gets a Hold from Morgan Stanley
Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
See More Headlines
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Company Calendar

Last Earnings
7/12/2024
Ex-Dividend for 8/2 Dividend
7/22/2024
Dividend Payable
8/02/2024
Today
9/07/2024
Next Earnings (Confirmed)
10/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
CUSIP
06405810
Employees
53,400
Year Founded
1784

Price Target and Rating

Average Stock Price Target
$66.14
High Stock Price Target
$75.00
Low Stock Price Target
$54.50
Potential Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$3.29 billion
Pretax Margin
11.34%

Debt

Sales & Book Value

Annual Sales
$17.49 billion
Cash Flow
$7.64 per share
Book Value
$49.71 per share

Miscellaneous

Free Float
746,769,000
Market Cap
$49.66 billion
Optionable
Optionable
Beta
1.09

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Should I Buy Bank of New York Mellon Stock? BK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Bank of New York Mellon Co.:

  • The Bank of New York Mellon recently reported a strong quarterly earnings per share of $1.51, surpassing analysts' expectations by $0.08. This indicates the company's financial health and potential for growth.
  • The company has a dividend yield of 2.81%, with a dividend payout ratio of 43.52%. This suggests that investors can benefit from a steady income stream through dividends.
  • Bank of New York Mellon has a market capitalization of $50.10 billion, reflecting its size and stability in the market.
  • Insider buying and selling activities can provide insights into the company's performance. For example, VP Hanneke Smits recently sold shares at $64.11, indicating confidence in the company's future prospects.
  • The company's P/E ratio of 15.51 and PEG ratio of 1.14 suggest that the stock may be undervalued compared to its growth potential, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in The Bank of New York Mellon Co. for these reasons:

  • While the company has shown positive earnings growth, there may be risks associated with economic downturns or market volatility that could impact its financial performance.
  • The beta of 1.09 indicates that the stock's price movements are slightly more volatile than the market average, which could lead to higher risk for investors.
  • Despite the recent dividend increase, the dividend yield of 2.81% may not be as attractive to income-focused investors compared to other higher-yielding stocks in the market.
  • Market conditions and regulatory changes in the financial sector could pose challenges for Bank of New York Mellon's operations and profitability in the future.
  • Investors should consider conducting further research on the company's competitive positioning and growth strategies to assess its long-term investment potential.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 26, 2024. Please send any questions or comments about these Bank of New York Mellon pros and cons to contact@marketbeat.com.

BK Stock Analysis - Frequently Asked Questions

How have BK shares performed this year?

Bank of New York Mellon's stock was trading at $52.05 at the beginning of 2024. Since then, BK shares have increased by 27.6% and is now trading at $66.41.
View the best growth stocks for 2024 here
.

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

The Bank of New York Mellon Co. (NYSE:BK) posted its quarterly earnings data on Friday, July, 12th. The bank reported $1.51 EPS for the quarter, beating the consensus estimate of $1.43 by $0.08. The company's revenue for the quarter was up 2.1% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does Bank of New York Mellon have any subsidiaries?

Bank of New York Mellon subsidiaries include Milestone Group, DBV-X, Cutwater Asset Management, I3 Advisors, Albridge, PNC Global Investment Servicing, Insight Investment, and more.

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

Top institutional investors of Bank of New York Mellon include First Eagle Investment Management LLC (2.10%), Ameriprise Financial Inc. (1.39%), American Century Companies Inc. (1.14%) and Victory Capital Management Inc. (1.10%). Insiders that own company stock include Thomas P Gibbons, Hanneke Smits, Senthilkumar Santhanakrishnan, J Kevin Mccarthy, Catherine Keating and Kurtis R Kurimsky.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Walt Disney (DIS).

This page (NYSE:BK) was last updated on 9/7/2024 by MarketBeat.com Staff

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