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Bank of New York Mellon Corporation (BK)
NYSE:BK
RESEARCH TOOLSreports
Bank of New York Mellon Corporation (BK) Stock Price & Analysis
1,443 Followers
BK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$38.59 - $58.28
Previous Close$57.16
Volume2.86M
Average Volume (3M)3.80M
Market Cap
$42.75B
Enterprise Value$72.73B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$29.93B
Price to Earnings (P/E)13.9
Beta0.92
Next Earnings
Jul 17, 2024EPS Estimate
$1.41Next Dividend Ex-Date
Apr 25, 2024Dividend Yield2.9%
Share Statistics
EPS (TTM)4.11
Shares Outstanding754,437,391
10 Day Avg. Volume4,419,030
30 Day Avg. Volume3,799,453
Standard Deviation0.08
R-Squared0.55
Alpha-0.00516
Financial Highlights & Ratios
Price to Book (P/B)2.44
Price to Sales (P/S)11.01
Price to Cash Flow (P/CF)-5.10
P/FCF Ratio3.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.27
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$64.09Price Target Upside11.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Bank of New York Mellon Corporation News
PremiumPress Releases
BNY Mellon Reports First Quarter 2024 Results
PremiumPress Releases
BNY Mellon Declares Dividends
PremiumCompany Announcements
BNY Mellon Q1 Financial Performance and Outlook WebcastBulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst reports highlight a significant earnings beat with EPS surpassing consensus estimates, indicating robust financial performance.
Innovation And GrowthWith a focus on innovation, the potential for AI to significantly increase productivity and the strategic growth of the Pershing division are key drivers for the company's future success.
Strategic Business MovesCompany management is taking proactive steps to enhance growth by leveraging the firm's comprehensive services and improving operational efficiency.
Bears Say
Financial PerformanceNet Interest Income (NII) is expected to decline, reflecting pressures from the changing mix of deposits.
Operational EfficiencyThere is still significant work to be done regarding expense management and operational efficiency.
Strategic DirectionBK seemed less interested in bigger M&A activity, indicating a potential slowdown in large-scale acquisitions.
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Ownership Overview
15.73% Insiders
31.66% Mutual Funds
22.54% Other Institutional Investors
30.07% Public Companies and Individual Investors
BK FAQ
What was Bank of New York Mellon Corporation’s price range in the past 12 months?
Bank of New York Mellon Corporation lowest stock price was $38.59 and its highest was $58.27 in the past 12 months.
What is Bank of New York Mellon Corporation’s market cap?
Currently, no data Available
When is Bank of New York Mellon Corporation’s upcoming earnings report date?
Bank of New York Mellon Corporation’s upcoming earnings report date is Jul 17, 2024 which is in 84 days.
How were Bank of New York Mellon Corporation’s earnings last quarter?
Bank of New York Mellon Corporation released its earnings results on Apr 16, 2024. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.187 by $0.063.
Is Bank of New York Mellon Corporation overvalued?
According to Wall Street analysts Bank of New York Mellon Corporation’s price is currently Undervalued.
Does Bank of New York Mellon Corporation pay dividends?
Bank of New York Mellon Corporation pays a Quarterly dividend of $0.42 which represents an annual dividend yield of 2.9%. See more information on Bank of New York Mellon Corporation dividends here
What is Bank of New York Mellon Corporation’s EPS estimate?
Bank of New York Mellon Corporation’s EPS estimate is $1.41.
How many shares outstanding does Bank of New York Mellon Corporation have?
Bank of New York Mellon Corporation has 747,816,000 shares outstanding.
What happened to Bank of New York Mellon Corporation’s price movement after its last earnings report?
Bank of New York Mellon Corporation reported an EPS of $1.25 in its last earnings report, beating expectations of $1.187. Following the earnings report the stock price went down -1.979%.
Which hedge fund is a major shareholder of Bank of New York Mellon Corporation?
Among the largest hedge funds holding Bank of New York Mellon Corporation’s share is Dodge & Cox. It holds Bank of New York Mellon Corporation’s shares valued at 3B.
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Bank of New York Mellon Corporation Stock Smart Score
Outperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$64.09 (11.58% Upside)
$64.09 (11.58% Upside)
Blogger Sentiment
Neutral
BK Sentiment 54%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 2.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.7%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
34.51%
12-Months-Change
Fundamentals
Return on Equity
8.45%
Trailing 12-Months
Asset Growth
2.26%
Trailing 12-Months
Company Description
Bank of New York Mellon Corporation
The Bank of New York Mellon Corp. is a bank holding company, which provides a range of financial services. It was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It operates through two segments: Investment Services and Investment Management.
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BK Earnings Call
Q1 2024
0:00 / 0:00
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BK Revenue Breakdown
64.08% Domestic
23.49% Europe, the Middle East and Africa
7.32% Asia-Pacific region
5.10% Other
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BK Stock 12 Months Forecast
Average Price Target
$64.09
▲(11.58% Upside)
Technical Analysis
Best Analysts Covering BK
1 Year
1 Year Success Rate
23/32 ratings generated profit
1 Year Average Return
+9.64%
reiterated a buy rating 8 days ago
Copying Jason Goldberg's trades and holding each position for 1 Year would result in 71.88% of your transactions generating a profit, with an average return of +9.64% per trade.
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