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Bank of New York Mellon Corporation (BK)

Stock Price: $42.16 USD -1.26 (-2.90%)
Updated Feb 26, 2021 4:00 PM EST - Market closed
After-hours: $42.39 +0.23 (0.55%) Feb 26, 7:29 PM
Market Cap 38.50B
Revenue (ttm) 15.81B
Net Income (ttm) 3.42B
Shares Out 890.84M
EPS (ttm) 3.83
PE Ratio 11.01
Forward PE 10.59
Dividend $1.24
Dividend Yield 2.94%
Trading Day February 26
Last Price $42.16
Previous Close $43.42
Change ($) -1.26
Change (%) -2.90%
Day's Open 43.07
Day's Range 41.98 - 43.20
Day's Volume 6,967,323
52-Week Range 25.53 - 46.48

News

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GuruFocus - 19 hours ago

Hillman Capital Management recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

Other stocks mentioned: JWN, KHC, MRK, MSFT, NKE, SPY
Business Wire - 1 day ago

NEW YORK--(BUSINESS WIRE)--On February 25, 2021, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) today declared a distribution of $1.75 per share of common stock, p...

GuruFocus - 1 week ago

Tweedy Browne (Trades, Portfolio) recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

Other stocks mentioned: BABA, BAC, BIDU, CSCO, JNJ
Zacks Investment Research - 1 week ago

The Bank of New York Mellon Corporation (BK) reported earnings 30 days ago. What's next for the stock?

InvestorPlace - 1 week ago

The Bitcoin price for 2021 is getting incredibly close to $50,000 as more major companies push the cryptocurrency higher. The post Bitcoin Price 2021: 8 Big Companies Boosting BTC to $50K appe...

Other stocks mentioned: JPM, MS, SQ, TSLA
Zacks Investment Research - 2 weeks ago

BNY Mellon (BK) plans to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its institutional clients.

The Motley Fool - 2 weeks ago

Plenty of stocks are still at the lower end of their reasonable valuation spectrum, if you can look away from red-hot growth stocks long enough to notice.

Other stocks mentioned: MMM, TSN
Fox Business - 2 weeks ago

Bitcoin reached a new record-high value this week as major tech and financial companies eye virtual currencies.

Other stocks mentioned: MA
PYMNTS - 2 weeks ago

BNY Mellon is introducing a new unit focused on advancing the growth of bitcoin, cryptocurrency and other digital assets. The country's oldest bank is the first global financial institution to...

Benzinga - 2 weeks ago

America's oldest bank, Bank of New York Mellon Corp (NYSE: BK), will offer Bitcoin and digital asset custody services later this year. What Happened: According to today's announcement, BNY Mel...

The Motley Fool - 2 weeks ago

The large custody bank said it would start transacting digital assets in the same way it does for more-traditional financial instruments.

CNBC - 2 weeks ago

BNY Mellon, America's oldest bank and a major custody bank, said Thursday that it would begin financing bitcoin and other cryptocurrencies.

Reuters - 2 weeks ago

Bitcoin on Thursday jumped over 8% to an all-time high of $48,481 after Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

CNBC - 2 weeks ago

Bank of New York Mellon said Thursday that it will begin financing bitcoin and other digital currencies.

The Motley Fool - 1 month ago

Money market fee waivers took a bite out of revenue.

CNBC Television - 1 month ago

BNY Mellon's Alicia Levine on what's driving the market in 2021

Alicia Levine, Chief Strategist at BNY Mellon Investment Management, joins Worldwide Exchange to discuss the three big factors driving the market in 2021.

The Motley Fool - 1 month ago

Investors ignore earnings season at their peril.

Other stocks mentioned: USB
Seeking Alpha - 1 month ago

The Bank of New York Mellon Corporation (BK) CEO Thomas Gibbons on Q4 2020 Results - Earnings Call Transcript

Market Watch - 1 month ago

Shares of Bank of New York Mellon Corp. dropped 7.0% in midday trading Wednesday, enough to pace the S&P 500's decliners, after the bank reported fourth-quarter profit that fell more than fore...

Zacks Investment Research - 1 month ago

BNY Mellon (BK) witnesses a decline in revenues and expenses in the fourth quarter of 2020.

Benzinga - 1 month ago

Shares of Bank of New York Mellon (NYSE:BK) moved higher by 0.8% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 4.95% year over year to ...

PRNewsWire - 1 month ago

NEW YORK, Jan. 20, 2021 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors authorized dividends on its common and preferred stock as...

PRNewsWire - 1 month ago

NEW YORK, Jan. 20, 2021 /PRNewswire/ -- Revenue down 20% (a) EPS down 48% (a) ROE 7% ROTCE 13% (b) CET1 13.1% Tier 1 leverage 6.3% (a) Excluding notable items, revenue down 2% and EPS down 5%....

Benzinga - 1 month ago

On Wednesday, January 20, Bank of New York Mellon (NYSE:BK) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Zacks Investment Research - 1 month ago

Rise in asset balances is expected to have boosted BNY Mellon's (BK) performance fee in fourth-quarter 2020. Lower interest rates are likely to have hurt net interest revenues.

InvestorPlace - 1 month ago

Want to invest like Warren Buffet? Check out this list of the top 10 Warren Buffet stocks you should be adding to your portfolio.

Other stocks mentioned: AAPL, AXP, BAC, GM, KHC, KO, SIRI, USB, WFC
Forbes - 1 month ago

After almost a 50% gain since the March 23 lows of this year, at the current price of $42 per share we believe BNY Mellon Stock has more to go. BNY Mellon, the custody banking giant, has seen ...

Seeking Alpha - 1 month ago

Our three-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.

Other stocks mentioned: BIIB, BTI, GSK, IMBBY, INTC, LMT, MO, MRK, RHHBY, SNY
Seeking Alpha - 1 month ago

BK is trading at decade lows for Price/Earnings despite showing resilience this year. BK has steadily absorbed the major headwind of lower interest rates in 2020. EPS should bottom around $4/s...

Zacks Investment Research - 2 months ago

The results of the second round of stress test, following which the Fed eased restrictions on capital deployment by banks, highlight capital adequacy of the banking sector.

Other stocks mentioned: C, GS, JPM, MS, STT, WFC
Zacks Investment Research - 2 months ago

BNY Mellon's (BK) Canada-based wealth management business is being acquired by Guardian Capital.

CNBC Television - 2 months ago

Final Trades: GM, CVS, BNY Mellon & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: CVS, GM, DKNG, TSM
GuruFocus - 2 months ago

As investors continue searching for Christmas bargains, five undervalued, predictable companies in Warren Buffett (Trades, Portfolio)'s third-quarter equity portfolio are Biogen Inc. (NASDAQ:B...

Other stocks mentioned: BIIB, GL, KR, MTB
PRNewsWire - 2 months ago

NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Todd Gibbons, Chief Executive Officer, and Emily Portney, Chief Financial Officer, will speak at the Goldman Sachs 2020 US Financial Services Conference,...

The Motley Fool - 2 months ago

These stocks are somewhat defensive, but will participate in a recovery

Other stocks mentioned: NLY, WY
Forbes - 3 months ago

Despite a 38% gain since the March bottom, BNY Mellon stock is still down 24% YTD. Trefis estimates BNY Mellon's valuation to be around $43 per share - around 15% above the current market pric...

GuruFocus - 3 months ago

Third-quarter 13-F filings of major investment management companies have been hitting the market over the last couple of weeks. Investors monitor these regulatory filings not only to find lucr...

Other stocks mentioned: AMTD, BAC, GS, JPM, MTB, WFC
Market Watch - 3 months ago

Share of Bank of New York Mellon Corp. fell 1.7% in morning trading Friday, to underperform the its financial-sector peers, after BofA Securities analyst Michael Carrier turned bearish on the ...

Market Watch - 3 months ago

Shares of the big banks have lagged behind the broader market. But the group could soar during a sustained economic recovery.

Other stocks mentioned: BAC, C, COF, GS, JPM, KBWB, MS, STT, WFC
Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced the final results of its initial quarterly tender offer (the "Tender Offer")...

Zacks Investment Research - 3 months ago

Moody's Investors Service affirms all ratings of BNY Mellon (BK), Northern Trust (NTRS) and State Street (STT). The outlook remains stable for all three banks.

Other stocks mentioned: NTRS, STT
GuruFocus - 3 months ago

Value focused investors may want to consider the following stocks, since their share prices are trading at a discount to the intrinsic value calculated by GuruFocus' earnings-based discounted ...

Other stocks mentioned: BIO, GLIBA
Seeking Alpha - 3 months ago

This article is part of our monthly series where we highlight five companies that are large cap, relatively safe, dividend paying, and are offering large discounts to their historical norms. I...

Other stocks mentioned: CSCO, GD, INTC, JNJ, MO, PRU, TD, TSN, VLO
PRNewsWire - 3 months ago

NEW YORK, Nov. 5, 2020 /PRNewswire/ -- BNY Mellon will report financial results for the fourth quarter 2020 on Wednesday, January 20, 2021. Materials will be posted to BNY Mellon's website at ...

PRNewsWire - 3 months ago

NEW YORK, Nov. 4, 2020 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced that it will redeem all outstanding shares of its Series C Noncumulative Perpetual Preferred Stock (the "Series C P...

The Motley Fool - 3 months ago

One of the world's most successful investors put some of his billions to work last quarter.

Other stocks mentioned: BAC, GOLD, KR, SNOW
Insider Monkey - 3 months ago

First Eagle Investment Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 5.64% for the th...

The Motley Fool - 3 months ago

Its fee model is more resilient than the standard commercial bank model in today's crisis conditions, but it's not bulletproof.

PRNewsWire - 4 months ago

NEW YORK, Oct. 26, 2020 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced that it priced an underwritten public offering of 582,500 depositary shares, each representing a 1/100th interest ...

Insider Monkey - 4 months ago

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking ...

About BK

The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. The Investment Service segment offers custody, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, trading, investment, wealth and r... [Read more...]

Industry
Asset Management
Founded
1784
CEO
Thomas Gibbons
Employees
48,500
Stock Exchange
NYSE
Ticker Symbol
BK
Full Company Profile

Financial Performance

In 2020, BK's revenue was $15.81 billion, a decrease of -3.97% compared to the previous year's $16.46 billion. Earnings were $3.62 billion, a decrease of -18.55%.

Financial Statements

Analyst Forecasts

According to 19 analysts, the average rating for BK stock is "Buy." The 12-month stock price forecast is 48.81, which is an increase of 15.77% from the latest price.

Price Target
$48.81
(15.77% upside)
Analyst Consensus: Buy