The Bank of New York Mellon Corporation (BK)
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]
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 StatementsAnalyst 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.
News
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.
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...
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.
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.
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...
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...
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...
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.
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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% ...
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...
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...
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...
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...