The Bank of New York Mellon Corporation (BK)
| Market Cap | 45.24B |
| Revenue (ttm) | 17.71B |
| Net Income (ttm) | 3.10B |
| Shares Out | 747.82M |
| EPS (ttm) | 3.98 |
| PE Ratio | 15.20 |
| Forward PE | 10.56 |
| Dividend | $1.68 (2.78%) |
| Ex-Dividend Date | Apr 25, 2024 |
| Volume | 2,328,722 |
| Open | 59.99 |
| Previous Close | 60.11 |
| Day's Range | 59.89 - 60.53 |
| 52-Week Range | 39.66 - 60.87 |
| Beta | 1.07 |
| Analysts | Buy |
| Price Target | 61.05 (+0.91%) |
| Earnings Date | Jul 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 2023, BK's revenue was $17.50 billion, an increase of 6.87% compared to the previous year's $16.38 billion. Earnings were $3.05 billion, an increase of 29.17%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is $61.05, which is an increase of 0.91% from the latest price.
News
Jose Minaya Joins BNY as Global Head of BNY Investments and Wealth
NEW YORK , July 2, 2024 /PRNewswire/ -- BNY has appointed Jose Minaya as Global Head of BNY Investments and Wealth. Mr. Minaya will join the company on September 3, reporting to President and Chief E...
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
BNY Announces Intention to Increase Quarterly Common Stock Dividend by 12 Percent to $0.47 per Share
NEW YORK , June 28, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced its intention to increase its quarterly cash...
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...
This bank stock's unique combination makes it a bargain
On Wednesday, Keefe, Bruyette & Woods analyst David Konrad upgraded Bank of New York Mellon Corp.'s stock to an “Outperform” rating, citing its “scale, diversification and expectations for widening pr...
Leigh-Ann Russell to Join BNY as Chief Information Officer
NEW YORK , June 18, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced the appointment of Leigh-Ann Russell as Chie...
Bank of New York Mellon Rebrands as BNY
Say goodbye to Bank of New York Mellon and hello to BNY. The bank — America's oldest — is updating its logo and taking BNY as its new name, it announced in a Tuesday (June 11) press release.
The bank stocks that conservative investors should consider
That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year...
BNY Mellon Announces Redemption of 3.430% Fixed Rate / Floating Rate Callable Senior Notes Due 2025
NEW YORK , June 6, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced that it will redeem all of the issued ...
What to Know About BNY Mellon's Pershing Wove 2.0
Ainslie Simmonds, President of Pershing X, Head of Strategy for BNY Mellon's Pershing, and Head of Product Management for BNY Mellon, joins Bloomberg Intelligence Live at INSITE to discuss the future ...
Dreyfus Launches BOLD® Future, Bringing the Power of BOLD to Retail Investors
BOLD ® Future offers retail clients the opportunity to make a social impact through Dreyfus' flagship money fund in partnership with Howard University NEW YORK , June 5, 2024 /PRNewswire/ -- Dreyfus, ...
BNY Mellon's Pershing Launches a New Suite of Products on its Wove Platform
The added features include the wealth management platform's first tool designed for investors and a cloud-based tool created for C-suite financial executives to better manage enterprise data NEW YORK ...
BNY Mellon and Pershing Bundle Services to Deliver Comprehensive Investment Solutions to Advisors
BNY Mellon's managed accounts ecosystem brings unique value and access for advisors The bundled offering enables RIAs, broker-dealers and banks to use multiple solutions provided by BNY Mellon at a di...
BNY Mellon's Pershing COO On Using AI
Emily Schlosser, Chief Operating Officer, BNY Mellon's Pershing, joins Bloomberg Intelligence Live at INSITE to discuss themes from her Insite keynote, and how better operations result in better clien...
BNY Mellon Launches Customized Tax Solutions and Expands Precision Direct Indexing
Financial advisors, broker-dealers and RIAs can now access customized tax solutions and an expanded range of direct indexing strategies that provide a variety of market exposures NEW YORK, June 4, 202...
CDBA and NBA Launch New Program to Boost Deposits at Banks Targeting Underserved Communities
Leading Firms Commit $35 Million, More Expected Soon WASHINGTON , June 4, 2024 /PRNewswire/ -- The Community Development Bankers Association (CDBA) and National Bankers Association (NBA) are proud to ...
Advyzon Investment Management (AIM) Names Scott Smith, Former Executive at Goldman Sachs and BNY Mellon | Pershing, Chief Revenue Officer
CHICAGO--(BUSINESS WIRE)-- #CRM--Advyzon Investment Management (AIM), a turnkey asset management program (TAMP) under the umbrella of comprehensive technology platform Advyzon, announced today the hir...
Behavox Announces Strong Revenue Growth and Continued Profitability
LONDON--(BUSINESS WIRE)--Behavox, a leading provider of AI-driven compliance solutions, today announced its Q1 2024 financial results, marking the second consecutive quarter of profitability and accel...
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution
NEW YORK--(BUSINESS WIRE)--On May 23, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a distribution of $2.00 per share of common stock, payable on June 24, ...
BNY Mellon CEO on Pushing Bank's 240-Year Legacy Forward
BNY Mellon CEO Robin Vince reflects on the bank's 240-year history and how they are looking ahead to the future. He speaks with Bloomberg's Romaine Bostick.
BNY Mellon to Report Second Quarter 2024 Results on July 12, 2024
NEW YORK , May 17, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, will report financial results for the second quarter 2...
BNY Mellon to Speak at the Goldman Sachs European Financials Conference
NEW YORK, May 16, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced that Dermot McDonogh, Chief Financial O...
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% ...
BNY Mellon Collaborates with Ponce Bank through the U.S. Department of Treasury Financial Agent Mentor-Protégé Program
The announcement was made during the 25th Annual Bronx Week Bankers Breakfast sponsored by the Business Initiative Corporation of NY and Bronx Economic Development Corporation, hosted by Bronx Borough...
BNY Mellon's Pershing Announces the Agenda for INSITE 2024
This year's annual financial advisory conference will take place in Nashville and feature a keynote from four-time Grammy Award-winner Keith Urban NEW YORK , May 6, 2024 /PRNewswire/ -- The Bank of Ne...