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Bank of New York Mellon Corporation (BK)
NYSE:BK
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BK Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$39.66 - $71.92
Previous Close$71.72
Volume972.64K
Average Volume (3M)4.09M
Market Cap
$52.83B
Enterprise Value$84.64B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$31.53B
Price to Earnings (P/E)16.6
Beta0.94
Next Earnings
Oct 11, 2024EPS Estimate
$1.37Last Dividend Ex-Date
Jul 22, 2024Dividend Yield2.44%
Share Statistics
EPS (TTM)4.33
Shares Outstanding737,957,499
10 Day Avg. Volume3,808,609
30 Day Avg. Volume4,093,987
Standard Deviation0.08
R-Squared0.53
Alpha0.00027
Financial Highlights & Ratios
Price to Book (P/B)1.45
Price to Sales (P/S)2.98
Price to Cash Flow (P/CF)6.20
P/FCF Ratio3.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.75
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$70.57Price Target Upside-1.42% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Bank of New York Mellon Corporation News
Bulls Say, Bears Say
Bulls Say
Client BasePershing serves approximately 50% of the high net worth demographic, indicating a strong client base.
Outlook ImprovementImproved outlook across the Securities Services and Market & Wealth Services segments.
Strategic AcquisitionBK is acquiring Archer Holdco, a back and middle office provider to investment managers offering retail separately managed accounts.
Bears Say
DepositsDeposits are expected to be seasonally weaker, and NII is modeled to decline.
Earnings2024E EPS decreases 5c to $5.60.
Stock ValuationThe stock is seen as fairly valued with limited further upside potential in the near-to-medium term.
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Ownership Overview
15.94% Insiders
31.41% Mutual Funds
49.16% Other Institutional Investors
3.49% 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 $39.66 and its highest was $71.92 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 Oct 11, 2024 which is in 20 days.
How were Bank of New York Mellon Corporation’s earnings last quarter?
Bank of New York Mellon Corporation released its earnings results on Jul 12, 2024. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.423 by $0.097.
Is Bank of New York Mellon Corporation overvalued?
According to Wall Street analysts Bank of New York Mellon Corporation’s price is currently Overvalued.
Does Bank of New York Mellon Corporation pay dividends?
Bank of New York Mellon Corporation pays a Quarterly dividend of $0.47 which represents an annual dividend yield of 2.44%. 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 $1.37.
How many shares outstanding does Bank of New York Mellon Corporation have?
Bank of New York Mellon Corporation has 737,957,500 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 $1.52 in its last earnings report, beating expectations of $1.423. Following the earnings report the stock price went up 5.229%.
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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$70.57 (-1.42% Downside)
$70.57 (-1.42% Downside)
Blogger Sentiment
Bullish
BK Sentiment 83%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 5.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $961.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 2.2%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
67.94%
12-Months-Change
Fundamentals
Return on Equity
8.64%
Trailing 12-Months
Asset Growth
-0.43%
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 Company Deck
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BK Earnings Call
Q2 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 Month Forecast
Average Price Target
$70.57
▼(-1.42% Downside)
Technical Analysis
Best Analysts Covering BK
1 Year
1 Year Success Rate
14/18 ratings generated profit
1 Year Average Return
+13.91%
reiterated a buy rating 2 months ago
Copying Vivek Juneja's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +13.91% per trade.
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