The Bank of New York Mellon Corporation (BK)

NYSE: BK · IEX Real-Time Price · USD
62.97
-0.51 (-0.80%)
Jul 19, 2024, 11:17 AM EDT - Market open
-0.80%
Market Cap 47.22B
Revenue (ttm) 17.71B
Net Income (ttm) 3.10B
Shares Out 747.82M
EPS (ttm) 3.98
PE Ratio 15.95
Forward PE 11.05
Dividend $1.88 (2.96%)
Ex-Dividend Date Jul 22, 2024
Volume 914,817
Open 63.78
Previous Close 63.48
Day's Range 62.93 - 63.78
52-Week Range 39.66 - 65.91
Beta 1.08
Analysts Buy
Price Target 65.23 (+3.59%)
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]

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

Financial Performance

In 2023, BNY Mellon'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 Statements

Analyst Forecast

According to 11 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is $65.23, which is an increase of 3.59% from the latest price.

Price Target
$65.23
(3.59% upside)
Analyst Consensus: Buy
Stock Forecasts

News

BNY Mellon downgraded to neutral. It's now ‘fairly valued,' analyst says.

Bank of New York Mellon Corp.'s stock was downgraded to neutral from buy on Monday by Citigroup analyst Keith Horowitz despite the bank's strong second-quarter earnings, with Horowitz citing its curre...

4 days ago - Market Watch

Top 5 Financials Stocks That May Collapse This Month

As of July 15, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: CACCHTLFNTRSROOT
4 days ago - Benzinga

Why BNY Stock Price Hit a Record High Friday While Other Bank Stocks Fell

Shares of Bank of New York Mellon, now known simply as BNY (BK), hit an all-time high Friday after the bank posted better-than-expected results and raised its dividend.

6 days ago - Investopedia

Bank of NY's stock leaps toward a record after earnings beat, raised dividend

Shares of Bank of New York Mellon Corp. ran up into record territory Friday, after the trust bank reported a second-quarter earnings beat and approved a 12% boost to its dividend.

6 days ago - Market Watch

Arete Wealth announces expansion of clearing and custody services with BNY Pershing

Leading independent broker-dealer & RIA with over $6B in assets under management expands and enhances its wealth management platform CHICAGO , July 12, 2024 /PRNewswire/ -- Arete Wealth, a full-servic...

7 days ago - PRNewsWire

BNY Declares Dividends

NEW YORK , July 12, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced that its Board of Directors declared dividen...

7 days ago - PRNewsWire

BNY Reports Second Quarter 2024 Results

NEW YORK , July 12, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, has reported financial results for the second quarter 2024. ...

7 days ago - PRNewsWire

Top Wall Street Forecasters Revamp Bank of New York Mellon Expectations Ahead Of Q2 Earnings

The Bank of New York Mellon Corporation BK will release its second quarter financial results, before the opening bell on Friday, July 12.

8 days ago - Benzinga

BNY Mellon Stock Is Up 16% YTD, What To Expect From Q2 Results?

BNY Mellon (NYSE: BK) stock gained 16% YTD, as compared to the 17% rise in the S&P500 index. In sharp contrast, BNY Mellon's peer BlackRock (NYSE: BLK) has delivered near zero return YTD.

8 days ago - Forbes

UBS recommends these options trades to sponge off rival earnings reports

One of the features of this stock-market run, which on Wednesday carried the S&P 500 SPX to its 37th record high of the year, is just how much complacency there is, as measured by low readings of impl...

Other symbols: HDLOWNVDARJFSWKS
8 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...

8 days ago - Business Wire

BNY Mellon Stock Is Up 16% YTD; Is There Room For More Growth?

BNY Mellon stock (NYSE: BK) has gained 16% YTD which is at par with the S&P500 index over the same period. In comparison, BNY Mellon's peer BlackRock (NYSE: BLK) is up 5% YTD.

11 days ago - Forbes

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...

17 days ago - PRNewsWire

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...

Other symbols: ALLYAXPBACCCFGCOFFCNCA
18 days ago - Market Watch

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...

20 days ago - PRNewsWire

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...

21 days ago - Business Wire

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...

22 days ago - Market Watch

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...

4 weeks ago - PRNewsWire

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.

5 weeks ago - PYMNTS

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...

Other symbols: BACCCOFFITBJPMNTRSPNC
5 weeks ago - Market Watch

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 ...

6 weeks ago - PRNewsWire

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 ...

6 weeks ago - Bloomberg Markets and Finance

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, ...

6 weeks ago - PRNewsWire

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 ...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire