The Bank of New York Mellon Corporation (BK)
| Market Cap | 40.03B |
| Revenue (ttm) | 17.11B |
| Net Income (ttm) | 3.40B |
| Shares Out | 769.07M |
| EPS (ttm) | 4.27 |
| PE Ratio | 12.19 |
| Forward PE | 10.60 |
| Dividend | $1.68 (3.23%) |
| Ex-Dividend Date | Oct 26, 2023 |
| Volume | 1,239,680 |
| Open | 52.20 |
| Previous Close | 52.22 |
| Day's Range | 51.88 - 52.30 |
| 52-Week Range | 39.65 - 52.32 |
| Beta | 1.10 |
| Analysts | Buy |
| Price Target | 52.71 (+1.27%) |
| Earnings Date | Jan 12, 2024 |
About 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. ... [Read more]
Financial Performance
In 2022, BK's revenue was $16.38 billion, an increase of 2.80% compared to the previous year's $15.93 billion. Earnings were $2.36 billion, a decrease of -33.50%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is $52.71, which is an increase of 1.27% from the latest price.
News
Underperforming The S&P By 10%, Where Is BNY Mellon Stock Headed?
BNY Mellon stock (NYSE: BK) has gained 12% YTD as compared to the 22% rise in the S&P500 index over the same period. Further, at its current price of $51 per share, it is trading slightly below its fa...
BNY Mellon CEO Expects New Capital Proposals to 'Evolve'
Bank of New York Mellon Corp. Chief Executive Officer Robin Vince says he expects proposals for stricter capital requirements to evolve over time. He also speaks to Bloomberg's Romaine Bostick about t...
Behavox Selected by BNY Mellon to Provide Next Generation AI Solution for Its Compliance Program
NEW YORK--(BUSINESS WIRE)--Behavox today announced that BNY Mellon (NYSE: BK), the world's largest custodian has selected Behavox to enhance its compliance program.
Rising Only Half The S&P's Gain In 2023, Where Is BNY Mellon Stock Headed?
BNY Mellon stock (NYSE: BK) currently trades at $50 per share, around 22% below (28% upside) its level of $64 on February 9, 2022 (pre-inflation shock high), and seems undervalued. BNY Mellon saw its ...
BNY Mellon to Expand Presence in Lake Mary, FL
LAKE MARY, Fla. , Dec. 12, 2023 /PRNewswire/ -- BNY Mellon (NYSE:BK) today announced it's investing significantly in its real estate footprint in Lake Mary, Florida, naming it a key location for the f...
Mortgages and small loans will be more expensive under proposed regulations, bank chiefs say
The chief executives of big U.S. banks are arguing that banking regulations aimed at strengthening the country's financial system will instead hurt the economy.
Lunate and BNY Mellon to Invest in New Wealth Technology Company
Abu Dhabi based company will meet the growing needs of wealth and asset managers in the Middle East for an end-to-end wealth management platform BNY Mellon will provide its global expertise in wealth ...
BNY Mellon Announces Redemption of 500,000 Depositary Shares, Each Representing a 1/100th Interest in a Share of its Series D Noncumulative Perpetual Preferred Stock
NEW YORK , Nov. 17, 2023 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today announced that it will redeem all outstanding shares of its Series D Noncumulative Perp...
BNY Mellon to Report Fourth Quarter 2023 Results on January 12, 2024
NEW YORK , Nov. 13, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) will report financial results for the fourth quarter 2023 on Friday, January 12, 2024. Materials will be posted to BNY Mellon's website a...
BNY keeps ICBC off Treasury platform, waits for all-clear -sources
BNY Mellon is settling trades of Treasury securities manually with the Industrial and Commercial Bank of China after the Chinese bank was hacked, two sources familiar with the matter said on Friday.
BNY Mellon to Speak at the Goldman Sachs Financial Services Conference
NEW YORK , Nov. 8, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced that Dermot McDonogh, Chief Financial Officer, will speak at the Goldman Sachs Financial Services Conference in New York a...
JPMorgan's and PNC's mixed outlook on net interest income draws attention from analyst after industry gathering
Big U.S. banks have signaled that they expect net interest income to bottom out in the next few quarters as they keep an eye on whether the cost of consumer deposits will come down, a bank analyst sai...
BNY Mellon to Speak at the BancAnalysts Association of Boston Conference
NEW YORK , Oct. 25, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced that Emily Portney, Global Head of Asset Servicing, will speak at the BancAnalysts Association of Boston Conference in Bo...
BNY Mellon Debuts ‘Universal' Foreign Exchange Platform
BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank's earlier debut of it...
BNY Mellon Launches Universal FX
New platform helps clients manage and centralize their portfolios , regardless of where they custody, prime or settle trades Builds on OneFX suite of solutions and banking capabilities for all FX tra...
BNY Mellon Launches White Labeling Service for Liquidity Management Solutions
BNY Mellon has introduced a White Labeling service for its LiquidityDirect platform. This service enables financial institutions to offer their clients liquidity management solutions, including short-...
BNY Mellon Launches White Labeling Service for LiquidityDirect® Platform
Morgan Stanley Investment Management to be first adopter NEW YORK , Oct. 23, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) announced today the launch of LiquidityDirect's new White Labeling service offer...
Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
BNY Mellon Declares Dividends
NEW YORK , Oct. 17, 2023 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors declared dividends on its common and preferred stock as follows:...
BNY Mellon Reports Third Quarter 2023 Results
NEW YORK , Oct. 17, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) has reported financial results for the third quarter 2023. The company's earnings release along with the quarterly financial highlights a...
Bank of New York Mellon Stock Jumps as Earning and Revenue Beat
Bank of New York Mellon reported earnings of $1.22 a share on revenue of $4.4 billion in the third quarter.
BNY Mellon beats profit estimates on boost from higher interest rates
Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender's income from loans.
BNY Mellon, Deloitte defeat bulk of analyst's trade secret case
A U.S. appeals court on Friday revived a single claim in an investment analyst's lawsuit accusing Bank of New York Mellon Corp of improperly sharing a valuation tool he created with Deloitte, allowing...
BNY Mellon's Pershing X Announces New Client Relationship with Integrity
Integrity will use the firm's new Wove wealth management platform to help its network of wealth management professionals manage more than $40 billion of assets. NEW YORK , Oct. 4, 2023 /PRNewswire/ --...
Dreyfus Launches SPARK Shares of Dreyfus Government Cash Management Available Exclusively through BNY Mellon
SPARKSM shares empower institutional clients to align their liquidity investments with their philanthropic goals by contributing 10% of net revenue to an eligible non-profit organization of their choi...