The Bank of New York Mellon Corporation (BK)

NYSE: BK · Real-Time Price · USD
84.93
+1.64 (1.97%)
Jan 21, 2025, 4:00 PM EST - Market closed
1.97%
Market Cap 60.95B
Revenue (ttm) 18.55B
Net Income (ttm) 4.34B
Shares Out 717.68M
EPS (ttm) 5.80
PE Ratio 14.64
Forward PE 12.36
Dividend $1.88 (2.21%)
Ex-Dividend Date Oct 21, 2024
Volume 4,816,555
Open 83.34
Previous Close 83.29
Day's Range 83.34 - 85.00
52-Week Range 52.64 - 85.00
Beta 1.07
Analysts Buy
Price Target 88.00 (+3.62%)
Earnings Date Jan 15, 2025

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]

Sector Financials
Founded 1784
Employees 53,400
Stock Exchange NYSE
Ticker Symbol BK
Full Company Profile

Financial Performance

In 2024, BNY Mellon's revenue was $18.55 billion, an increase of 6.71% compared to the previous year's $17.38 billion. Earnings were $4.34 billion, an increase of 42.12%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is $88.0, which is an increase of 3.62% from the latest price.

Price Target
$88.0
(3.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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Other symbols: ALLBLKBXGSHASIHIGMET
4 days ago - Kiplinger

Bank Of New York Mellon's Differentiated Business Mix And NII Growth Signal Upside: Goldman Sachs

The Bank of New York Mellon Corporation BK shares are trading slightly lower on Thursday.

5 days ago - Benzinga

The Bank of New York Mellon Corporation (BK) Q4 2024 Earnings Call Transcript

The Bank of New York Mellon Corporation (NYSE:BK) Q4 2024 Earnings Call Transcript January 15, 2025 12:00 PM ET Company Participants Marius Merz - Head of IR Robin Vince - President and CEO Dermot Mc...

6 days ago - Seeking Alpha

Bank of New York Mellon Profit Climbs on Higher Fee Revenue, Lower Costs

Bank of New York Mellon said quarterly earnings leapt higher as fee and interest revenue climbed and costs came down from a year earlier.

6 days ago - WSJ

BNY Stock Soars on Higher Fee Revenue, Lower Expenses

Bank of New York Mellon (BK), or BNY, shares advanced 6% Wednesday morning as the financial firm posted better-than-expected results on higher fee revenue and lower costs.

6 days ago - Investopedia

BNY Declares Dividends

NEW YORK , Jan. 15, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that its Board of Directors declared dividends...

6 days ago - PRNewsWire

BNY Reports Fourth Quarter 2024 Results

NEW YORK , Jan. 15, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, has reported financial results for the fourth quarter 2024. Th...

6 days ago - PRNewsWire

These two-dozen value stocks are poised to lead the stock market

Investors are realizing that they no longer can count on lower interest rates and inflation to support higher stock and bond prices.

Other symbols: ADMALLCECFGCMACMCSACMI
7 days ago - Market Watch

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (t...

11 days ago - Business Wire

Bank of New York Mellon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Bank of New York Mellon Corporation BK will release earnings results for its fourth quarter, before the opening bell on Wednesday, Jan. 15, 2025.

14 days ago - Benzinga

BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipal...

22 days ago - Business Wire

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Quarterly Distribution and Special Year-End Distributions

NEW YORK--(BUSINESS WIRE)--On December 18, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a quarterly distribution of $2.00 per share of common stock. In ad...

4 weeks ago - Business Wire

What's Driving BNY Mellon Stock's Outperformance?

Custody banking giant BNY Mellon stock (NYSE: BK) has had a solid year, rising by 57% since early January, almost 2x the return of the S&P 500 over the same period, aided by a surge in asset prices gl...

5 weeks ago - Forbes

Bank of New York Mellon: Still A Buy After The Recent Surge

BNY Mellon, the world's largest custodian bank, has shown strong post-pandemic momentum, consistently beating EPS estimates and growing revenues annually since 2020. Recent strategic expansions and op...

5 weeks ago - Seeking Alpha

BNY CEO optimistic on US economic growth, AI potential

BNY is bracing for a U.S. economic growth boost under the new Donald Trump U.S. presidency, CEO Robin Vince said on Wednesday during an interview at the Reuters NEXT conference in New York.

5 weeks ago - Reuters

SANCTUARY WEALTH EXPANDS AND ENHANCES ITS SANCTUARY ONE PLATFORM WITH BNY

Integration of BNY Pershing's Wove Platform Allows Sanctuary Partner Firms to Elevate Client Experience INDIANAPOLIS , Dec. 11, 2024 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), providing elite finan...

5 weeks ago - PRNewsWire

Rajashree Datta Joins BNY as Deputy Chief Risk Officer

NEW YORK , Dec. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the appointment of Rajashree Datta as Deputy Ch...

6 weeks ago - PRNewsWire

BNY and Conduent to Deliver End-to-End Pension Risk Transfer Solution to Support Increasing Transactions among Corporate Pensions

NEW YORK & FLORHAM PARK, N.J.--(BUSINESS WIRE)--The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, and Conduent Incorporated (Nasdaq: CNDT), a global tech...

Other symbols: CNDT
6 weeks ago - Business Wire

BNY to Manage U.S. Department of the Treasury's Largest Prepaid Debit Card Program for Federal Benefits - Direct Express®

NEW YORK , Nov. 21, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, has been selected by the U.S. Department of the Treasury's Bur...

2 months ago - PRNewsWire

BNY to Report Fourth Quarter 2024 Results on January 15, 2025

NEW YORK , Nov. 15, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, will report financial results for the fourth quarter 2024 on W...

2 months ago - PRNewsWire

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Final Results of Quarterly Tender Offer

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced the final results of its quarterly tender offer (the "Tender Offer") for up to 2.5% ...

2 months ago - Business Wire

Bridgewater increased bets on banks before election-driven rally, filing shows

Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities filings showed, ahead of a rally that followed Donald Trump's victory in the U.S. presidential electi...

Other symbols: BACCGSMSWFC
2 months ago - Reuters

BNY Announces Redemption of 5.224% Fixed Rate / Floating Rate Callable Senior Bank Notes Due 2025

NEW YORK , Nov. 13, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that The Bank of New York Mellon, its wholly-o...

2 months ago - PRNewsWire

BNY to Speak at the Goldman Sachs Financial Services Conference

NEW YORK , Nov. 7, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that Robin Vince, Chief Executive Officer, will...

2 months ago - PRNewsWire

BNY Closes Acquisition of Archer

NEW YORK , Nov. 1, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the successful closing of its acquisition of Ar...

2 months ago - PRNewsWire