The Bank of New York Mellon Corporation (BK)
| Market Cap | 60.76B |
| Revenue (ttm) | 18.55B |
| Net Income (ttm) | 4.34B |
| Shares Out | 716.32M |
| EPS (ttm) | 5.80 |
| PE Ratio | 14.63 |
| Forward PE | 12.25 |
| Dividend | $1.88 (2.22%) |
| Ex-Dividend Date | Jan 27, 2025 |
| Volume | 196,435 |
| Open | 85.15 |
| Previous Close | 84.70 |
| Day's Range | 84.67 - 85.95 |
| 52-Week Range | 52.64 - 90.34 |
| Beta | 1.05 |
| Analysts | Buy |
| Price Target | 89.71 (+5.77%) |
| Earnings Date | Apr 11, 2025 |
About BK
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It 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 segm... [Read more]
Financial Performance
In 2024, BNY Mellon's revenue was $18.55 billion, an increase of 5.52% compared to the previous year's $17.58 billion. Earnings were $4.34 billion, an increase of 41.38%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is $89.71, which is an increase of 5.77% from the latest price.
News
BNY Announces Redemption of Floating Rate Senior Notes Due 2025
NEW YORK , March 17, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it will redeem all of the issued and out...
Wall Street powerhouse BNY takes minority stake in EquiLend
EquiLend, a fintech at the heart of securities lending on Wall Street, said on Thursday it has secured a minority investment from an affiliate of U.S. banking giant BNY.
EquiLend Secures Minority Investment from BNY
Strategic investment builds on long-standing collaboration between the two organizations NEW YORK , March 13, 2025 /PRNewswire/ -- EquiLend, the global leader in technology, data and analytics solutio...
BNY Announces Pricing of Public Offering of $500,000,000 of Depositary Shares Representing Interests in Preferred Stock
NEW YORK , March 7, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it priced an underwritten public offering...
BNY Mellon Municipal Closed-End Fund Announces Proposed Reorganization With and Into a BNY Mellon Municipal Open-End Fund
NEW YORK--(BUSINESS WIRE)--The Board of Directors of BNY Mellon Municipal Income, Inc. (the "Fund"), a registered closed-end fund, approved the reorganization of the Fund with and into BNY Mellon AMT-...
BNY Announces Redemption of Floating Rate Callable Senior Bank Notes Due 2026
NEW YORK , March 5, 2025 /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 Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution
NEW YORK--(BUSINESS WIRE)--On February 27, 2025, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a distribution of $2.00 per share of common stock, payable on Apri...
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 Teams With OpenAI to Bring ‘Transformational' AI to Banking
OpenAI launched a multiyear agreement with BNY, the oldest bank in the United States. The partnership gives BNY — formerly Bank of New York Mellon — access to OpenAI artificial intelligence tools like...
Bank Of New York Mellon Upgraded To Buy As Further Upside Expected In 2025
Bank Of New York Mellon Upgraded To Buy As Further Upside Expected In 2025
BNY to Report First Quarter 2025 Results on April 11, 2025
NEW YORK , Feb. 21, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, will report financial results for the first quarter 2025 on Fr...
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% ...
Cantilever Group Strengthens Advisory Board with Financial Services Veteran Liz Robinson
NEW YORK--(BUSINESS WIRE)--Cantilever Group, an independent investment firm focused on middle-market GP stakes, is pleased to announce the appointment of Liz Robinson to its Advisory Board. Ms. Robins...
Our Top 10 Dividend High-Growth Stocks - February 2025
This monthly article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitati...
BNY to Speak at the RBC Capital Markets Global Financial Institutions Conference
NEW YORK , Feb. 13, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that Dermot McDonogh, Chief Financial Officer,...
4 Banks to Buy Ahead of Trump's Deregulatory Blitz
The Federal Reserve kept rates steady last week, citing the struggle against last-mile inflation and the potential of tariff shocks to influence prices. While Chairman Jerome Powell's news conference ...
Carolyn Weinberg Joins BNY as Chief Solutions Innovation Officer
NEW YORK , Jan. 30, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the appointment of Carolyn Weinberg as its Chi...
BNY to Speak at the BofA Securities Financial Services Conference
NEW YORK , Jan. 24, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that Robin Vince, Chief Executive Officer, wil...
BNY to Speak at the UBS Financial Services Conference
NEW YORK , Jan. 23, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that Emily Portney, Global Head of Asset Servi...
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.