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

Bank of New York Mellon logo
$78.65 +0.36 (+0.46%)
(As of 11/18/2024 ET)

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

Key Stats

Today's Range
$77.87
$78.68
50-Day Range
$67.51
$78.71
52-Week Range
$46.71
$80.29
Volume
2.64 million shs
Average Volume
3.86 million shs
Market Capitalization
$57.18 billion
P/E Ratio
17.10
Dividend Yield
2.39%
Price Target
$77.23
Consensus Rating
Moderate Buy

Company Overview

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.

Bank of New York Mellon Stock Analysis - MarketRank™

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99th Percentile Overall Score

BK MarketRank™: 

Bank of New York Mellon scored higher than 99% of companies evaluated by MarketBeat, and ranked 10th out of 953 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Bank of New York Mellon has received a consensus rating of Moderate Buy. The company's average rating score is 2.62, and is based on 8 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Bank of New York Mellon has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Bank of New York Mellon's stock forecast and price target.
  • Earnings Growth

    Earnings for Bank of New York Mellon are expected to grow by 12.89% in the coming year, from $5.82 to $6.57 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Bank of New York Mellon is 17.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.64.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Bank of New York Mellon is 17.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.31.

  • Price to Earnings Growth Ratio

    Bank of New York Mellon has a PEG Ratio of 0.89. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Bank of New York Mellon has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Bank of New York Mellon's valuation and earnings.
  • Percentage of Shares Shorted

    1.11% of the float of Bank of New York Mellon has been sold short.
  • Short Interest Ratio / Days to Cover

    Bank of New York Mellon has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bank of New York Mellon has recently decreased by 16.51%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Bank of New York Mellon pays a meaningful dividend of 2.42%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Bank of New York Mellon has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Bank of New York Mellon is 40.87%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 28.61% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend.

  • Read more about Bank of New York Mellon's dividend.
  • Percentage of Shares Shorted

    1.11% of the float of Bank of New York Mellon has been sold short.
  • Short Interest Ratio / Days to Cover

    Bank of New York Mellon has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bank of New York Mellon has recently decreased by 16.51%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Bank of New York Mellon has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Bank of New York Mellon this week, compared to 11 articles on an average week.
  • Search Interest

    Only 8 people have searched for BK on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
  • MarketBeat Follows

    Only 14 people have added Bank of New York Mellon to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Bank of New York Mellon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,167,593.00 in company stock.

  • Percentage Held by Insiders

    Only 0.14% of the stock of Bank of New York Mellon is held by insiders.

  • Percentage Held by Institutions

    85.31% of the stock of Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Bank of New York Mellon's insider trading history.
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BK Stock News Headlines

A huge crack is forming in the US economy
Former Trump Advisor Warning: “An Economic Rupture Is Coming” The legendary financier Brad Thomas served on Trump’s advisory board for years. Now he’s stepping forward with a terrifying new warning. “Even the rich aren’t safe,” he says. “I’m taking steps to protect my family.”
BNY to Report Fourth Quarter 2024 Results on January 15, 2025
BNY Mellon price target raised to $81 from $79 at Wells Fargo
The Bank of New York Mellon Corporation (BONY34.SA)
See More Headlines

BK Stock Analysis - Frequently Asked Questions

Bank of New York Mellon's stock was trading at $52.05 on January 1st, 2024. Since then, BK stock has increased by 51.1% and is now trading at $78.65.
View the best growth stocks for 2024 here
.

The Bank of New York Mellon Co. (NYSE:BK) issued its earnings results on Friday, October, 11th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.11. The bank had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.52 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 12.06% and a net margin of 9.44%.

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

Bank of New York Mellon's top institutional shareholders include State Street Corp (4.58%), FMR LLC (2.66%), Geode Capital Management LLC (2.44%) and Victory Capital Management Inc. (0.90%). Insiders that own company stock include Thomas P Gibbons, Hanneke Smits, Senthilkumar Santhanakrishnan, Catherine Keating, J Kevin Mccarthy and Kurtis R Kurimsky.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Bank of New York Mellon investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Intel (INTC).

Company Calendar

Last Earnings
10/11/2024
Ex-Dividend for 11/1 Dividend
10/21/2024
Dividend Payable
11/01/2024
Today
11/18/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/10/2025

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
$77.23
High Stock Price Target
$86.00
Low Stock Price Target
$66.00
Potential Upside/Downside
-1.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$3.29 billion
Pretax Margin
11.45%

Debt

Sales & Book Value

Annual Sales
$17.72 billion
Cash Flow
$7.89 per share
Book Value
$52.18 per share

Miscellaneous

Free Float
726,060,000
Market Cap
$57.18 billion
Optionable
Optionable
Beta
1.07

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This page (NYSE:BK) was last updated on 11/18/2024 by MarketBeat.com Staff
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