The Bank of New York Mellon Corporation (BK)
| Market Cap | 55.19B |
| Revenue (ttm) | 17.80B |
| Net Income (ttm) | 3.35B |
| Shares Out | 727.08M |
| EPS (ttm) | 4.43 |
| PE Ratio | 17.15 |
| Forward PE | 12.03 |
| Dividend | $1.88 (2.48%) |
| Ex-Dividend Date | Oct 21, 2024 |
| Volume | 1,820,910 |
| Open | 75.66 |
| Previous Close | 75.88 |
| Day's Range | 75.43 - 76.08 |
| 52-Week Range | 41.28 - 78.03 |
| Beta | 1.07 |
| Analysts | Buy |
| Price Target | 76.69 (+1.03%) |
| Earnings Date | Oct 11, 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, BNY Mellon's revenue was $17.38 billion, an increase of 6.40% compared to the previous year's $16.34 billion. Earnings were $3.05 billion, an increase of 29.17%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is $76.69, which is an increase of 1.03% from the latest price.
News
Bank of New York Mellon Analysts Increase Their Forecasts After Upbeat Earnings
The Bank Of New York Mellon Corporation BK posted better-than-expected third-quarter results on Friday.
BofA's Ebrahim Poonawala talks what to expect from bank earnings
Ebrahim Poonawala, Bank of America Securities senior analyst, joins 'Closing Bell Overtime' to talk bank earnings and what to expect form next week's slate of earnings.
The Bank of New York Mellon Corporation (BK) Q3 2024 Earnings Call Transcript
The Bank of New York Mellon Corporation (NYSE:BK) Q3 2024 Earnings Conference Call October 11, 2024 11:00 AM ET Company Participants Marius Merz - Head, Investor Relations Robin Vince - President & C...
BNY CEO on earnings, commercial real estate exposure, and crypto strategy
Robin Vince, BNY CEO, joins CNBC's 'The Exchange' to discuss the bank's recent earnings, where they have exposure to commercial real estate, and more.
BNY Expands Offerings as Assets Under Custody Top $50 Trillion
BNY is looking to add managed accounts and alternative and private market investment products as it looks to continue growing.
BNY clients sell UK debt at fastest pace since mini-budget crisis, bank says
Clients at the world's biggest custodian bank, BNY, sold British government bonds in September at the fastest pace since the gilts crisis in 2022, in a potential sign of investor nerves ahead of the n...
BNY Q3 profit rises as assets under custody and administration top $50 trillion
BNY's profit jumped 16% in the third quarter on higher investment services fees as assets under its custody and administration exceeded the $50 trillion mark for the first time, the world's largest cu...
BNY Declares Dividends
NEW YORK , Oct. 11, 2024 /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 Third Quarter 2024 Results
NEW YORK , Oct. 11, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, has reported financial results for the third quarter 2024. The...
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 Q3 Earnings Preview: Margins And Deposit Costs Are Key Metrics
Shares of Bank of New York Mellon have surged 75% in the past year, driven by a high-rate environment and strong equity markets. Despite solid Q2 results and strong expense discipline, BK's valuation ...
S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023
Next week, Q3 '24 earnings start and the majority of the interest on the part of investors will be Friday, October 11th's financial services earnings. For the sector as a whole, financial services is ...
Dividend Stocks With Strong Q4 Seasonality
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have bee...
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 offers ‘prolonged double-digit annual earnings per share growth': analyst
Bank of New York Mellon Corp.'s stock has drawn an upgrade to buy from Deutsche Bank on prospects for the financial giant to offer double-digit annual percentage growth in earnings per share at least ...
Stocks This Week: Buy Qualcomm And Bank Of New York
This week has historically been the most bearish one in the history of the S&P 500 and the DJIA. Since 1928.
BNY Releases The Voice of Community Banks Survey
The survey looked at the current state of community banks across the country—and the findings reveal what community banks need to stay competitive and help their communities thrive NEW YORK, Sept. 23,...
Bank of New York Mellon: Appealing Price With A Solid Moat
Bank of New York Mellon is the largest custody bank globally, with $49.5 trillion in assets under custody and diversified revenue streams. The bank's dividend has shown resilience, growing at a 12.7% ...
BNY Decreases Prime Lending Rate to 8.0%
NEW YORK , Sept. 18, 2024 /PRNewswire/ -- BNY will decrease the Prime Lending Rate by 0.50%, from 8.50% to 8.00%, effective Thursday, September 19, 2024.
BNY Announces Redemption of Floating Rate Senior Notes Due 2024
NEW YORK , Sept. 18, 2024 /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 ou...
BNY to Launch Alts Bridge Platform Broadening Investor Access to Alternative Products
Through Alts Bridge, BNY will deliver to wealth intermediaries, advisors, and investors a complete and integrated set of solutions across the alternative investment lifecycle NEW YORK , Sept. 16, 2024...
BNY to Acquire Archer, a Leading Provider of Managed Account Solutions to the Asset and Wealth Management Industry
The acquisition will enhance BNY's capabilities across the entire managed account ecosystem, including manufacturing, distribution and servicing Archer's fully integrated, cloud-based platform provide...
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution
NEW YORK--(BUSINESS WIRE)--On August 29, 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 Septem...
Bank of New York Mellon to pay $5 mln over swap reporting, supervision failures, CFTC says
The Bank of New York Mellon has agreed to pay $5 million to settle U.S. Commodity Futures Trading Commission charges for repeatedly failing to correctly report millions of swap transactions, violating...
BNY to Speak at the Barclays Global Financial Services Conference
NEW YORK , Aug. 20, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced that Dermot McDonogh, Chief Financial Office...