Summary
65.35 0.54(0.83%)07/26/2024
Bank Of New York Mellon Corp (BK)
Bank Of New York Mellon Corp (BK)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.79 | 4.28 | 11.33 | 14.01 | 18.11 | 46.03 | 56.79 | 12,201.18 |
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| Trading Data | ||
| Close | 65.35 | |
| Open | 65.06 | |
| High | 65.86 | |
| Low | 64.93 | |
| Volume | 2,744,082 | |
| Change | 0.52 | |
| Change % | 0.79 | |
| Avg Volume (20 Days) | 4,061,136 | |
| Volume/Avg Volume (20 Days) Ratio | 0.68 | |
| 52 Week Range | 39.66 - 65.91 | |
| Price vs 52 Week High | -0.85% | |
| Price vs 52 Week Low | 64.78% | |
| Range | 0.45 | |
| Gap Up/Down | -0.27 | |
Fundamentals | ||
| Market Capitalization (Mln) | 48,870 | |
| EBIDTA | 0 | |
| PE Ratio | 14.6466 | |
| PEG Ratio | 0.7616 | |
| WallStreet Target Price | 64.64 | |
| Book Value | 48.4420 | |
| Earnings Per Share | 3.9900 | |
| EPS Estimate Current Quarter | 1.1900 | |
| EPS Estimate Next Quarter | 1.3800 | |
| EPS Estimate Current Year | 5.4800 | |
| EPS Estimate Next Year | 6.0700 | |
| Diluted EPS (TTM) | 3.9900 | |
| Revenues | ||
| Profit Marging | 0.1903 | |
| Operating Marging (TTM) | 0.3056 | |
| Return on asset (TTM) | 0.0078 | |
| Return on equity (TTM) | 0.0817 | |
| Revenue TTM | 17,494,999,040 | |
| Revenue per share TTM | 22.6480 | |
| Quarterly Revenue Growth (YOY) | 0.0260 | |
| Quarterly Earnings Growth (YOY) | 0.1060 | |
| Gross Profit (TTM) | 16,338,000,000 | |
| Dividends | ||
| Dividend Share | 1.6300 | |
| Dividend Yield | 0.0287 | |
| Valuations | ||
| Trailing PE | 14.6466 | |
| Forward PE | 10.5820 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.1345 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 747,816,000 | |
| Shares Float | 745,213,436 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 0.15 | |
| Institutions (%) | 88.13 | |
07/26 12:40 EST - zacks.com
WKC or BE: Which Is the Better Value Stock Right Now?
Investors interested in Alternative Energy - Other stocks are likely familiar with World Kinect (WKC) and Bloom Energy (BE). But which of these two stocks offers value investors a better bang for their buck right now?
WKC or BE: Which Is the Better Value Stock Right Now?
Investors interested in Alternative Energy - Other stocks are likely familiar with World Kinect (WKC) and Bloom Energy (BE). But which of these two stocks offers value investors a better bang for their buck right now?
07/19 12:46 EST - zacks.com
The Bank of New York Mellon Corporation (BK) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes?
The Bank of New York Mellon Corporation (BK) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes?
07/18 10:18 EST - seekingalpha.com
6 Upcoming Dividend Increases Including A King
Six new dividend increases, including Lowe's with a 4.5% increase, extending its 62-year streak. My investment strategy involves buying companies with consistent dividend growth and beating benchmarks. Data sourced from U.S. Dividend Champions and NASDAQ, companies must have at least 5 years of dividend growth history.
6 Upcoming Dividend Increases Including A King
Six new dividend increases, including Lowe's with a 4.5% increase, extending its 62-year streak. My investment strategy involves buying companies with consistent dividend growth and beating benchmarks. Data sourced from U.S. Dividend Champions and NASDAQ, companies must have at least 5 years of dividend growth history.
07/17 13:00 EST - zacks.com
The Bank of New York Mellon Corporation (BK) is a Great Momentum Stock: Should You Buy?
Does The Bank of New York Mellon Corporation (BK) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Bank of New York Mellon Corporation (BK) is a Great Momentum Stock: Should You Buy?
Does The Bank of New York Mellon Corporation (BK) have what it takes to be a top stock pick for momentum investors? Let's find out.
07/17 08:00 EST - seekingalpha.com
Bank of New York Mellon Q2 Review: Strong Earnings And Upside Potential
The Bank of New York Mellon's latest Q2 earnings shows growth across all segments. The dividend was recently increased by 12%. BK has averaged a double-digit growth rate over the last decade, making it a potential income play. A dividend discount calculation shows a potential 12.7% upside with estimated fair price of $73.33 per share. This is assuming that the business is able to grow earnings at 6%.
Bank of New York Mellon Q2 Review: Strong Earnings And Upside Potential
The Bank of New York Mellon's latest Q2 earnings shows growth across all segments. The dividend was recently increased by 12%. BK has averaged a double-digit growth rate over the last decade, making it a potential income play. A dividend discount calculation shows a potential 12.7% upside with estimated fair price of $73.33 per share. This is assuming that the business is able to grow earnings at 6%.
07/15 09:42 EST - marketwatch.com
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 current market valuation.
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 current market valuation.
07/12 15:30 EST - investopedia.com
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.
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.
07/12 14:56 EST - seekingalpha.com
The Bank of New York Mellon Corporation (BK) Q2 2024 Earnings Call Transcript
The Bank of New York Mellon Corporation (NYSE:BK ) Q2 2024 Earnings Call Transcript July 12, 2024 9:30 AM ET Company Participants Marius Merz - Head of IR Robin Vince - President and CEO Dermot McDonogh - CFO Conference Call Participants Ken Usdin - Jefferies Glenn Schorr - Evercore ISI Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research Brennan Hawken - UBS Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Alex Blostein - Goldman Sachs Gerard Cassidy - RBC Brian Bedell - Deutsche Bank Rajiv Bhatia - Morningstar Operator Good morning and welcome to the 2024 Second Quarter Earnings Conference Call hosted by BNY. At this time, all participants are in a listen-only mode.
The Bank of New York Mellon Corporation (BK) Q2 2024 Earnings Call Transcript
The Bank of New York Mellon Corporation (NYSE:BK ) Q2 2024 Earnings Call Transcript July 12, 2024 9:30 AM ET Company Participants Marius Merz - Head of IR Robin Vince - President and CEO Dermot McDonogh - CFO Conference Call Participants Ken Usdin - Jefferies Glenn Schorr - Evercore ISI Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research Brennan Hawken - UBS Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Alex Blostein - Goldman Sachs Gerard Cassidy - RBC Brian Bedell - Deutsche Bank Rajiv Bhatia - Morningstar Operator Good morning and welcome to the 2024 Second Quarter Earnings Conference Call hosted by BNY. At this time, all participants are in a listen-only mode.
07/12 12:45 EST - marketwatch.com
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.
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.
07/12 11:00 EST - prnewswire.com
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/ --Â Arete Wealth, a full-service Broker-Dealer (BD) and Registered Investment Advisory Firm (RIA), has announced the expansion of its clearing and multi-custodial wealth management platform via long-term clearing, custody, and technology agreements with BNY Pershing, a leading provider of global financial business solutions. As part of the agreement, advisors from Arete Wealth will now have access to BNY Pershing X's Wove wealth management platform, designed to help registered investment advisors, broker-dealers, and wealth management firms connect an investor's full financial picture in one place through offerings such as Wove Investor, Wove Data, and Wove Advisory's Portfolio Solutions.
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/ --Â Arete Wealth, a full-service Broker-Dealer (BD) and Registered Investment Advisory Firm (RIA), has announced the expansion of its clearing and multi-custodial wealth management platform via long-term clearing, custody, and technology agreements with BNY Pershing, a leading provider of global financial business solutions. As part of the agreement, advisors from Arete Wealth will now have access to BNY Pershing X's Wove wealth management platform, designed to help registered investment advisors, broker-dealers, and wealth management firms connect an investor's full financial picture in one place through offerings such as Wove Investor, Wove Data, and Wove Advisory's Portfolio Solutions.
07/12 10:31 EST - zacks.com
The Bank of New York Mellon (BK) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for The Bank of New York Mellon (BK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The Bank of New York Mellon (BK) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for The Bank of New York Mellon (BK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
07/12 09:54 EST - proactiveinvestors.com
BNY Mellon posts strong Q2 results, increases dividend by 12%
BNY Mellon reported strong Q2 results that surpassed analyst estimates and increased its dividend by 12%, driven by solid fee growth and increases in total deposits and assets under management. The bank posted an adjusted earnings per share (EPS) of $1.51, beating the estimated $1.43.
BNY Mellon posts strong Q2 results, increases dividend by 12%
BNY Mellon reported strong Q2 results that surpassed analyst estimates and increased its dividend by 12%, driven by solid fee growth and increases in total deposits and assets under management. The bank posted an adjusted earnings per share (EPS) of $1.51, beating the estimated $1.43.
07/12 09:01 EST - zacks.com
BNY Mellon (BK) Gains on Q2 Earnings Beat, Revenue Growth
BNY Mellon (BK) records a decline in expenses and higher revenues in the second quarter of 2024.
BNY Mellon (BK) Gains on Q2 Earnings Beat, Revenue Growth
BNY Mellon (BK) records a decline in expenses and higher revenues in the second quarter of 2024.
07/12 08:46 EST - zacks.com
The Bank of New York Mellon Corporation (BK) Surpasses Q2 Earnings and Revenue Estimates
The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.38 per share a year ago.
The Bank of New York Mellon Corporation (BK) Surpasses Q2 Earnings and Revenue Estimates
The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.38 per share a year ago.
07/12 06:39 EST - prnewswire.com
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 dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.47 per share, payable on August 2, 2024 to shareholders of record as of the close of business on July 22, 2024. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in September 2024, in each case payable on September 20, 2024 to holders of record as of the close of business on September 5, 2024: $1,577.81 per share on the Series A Preferred Stock (equivalent to $15.778051 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock); $2,312.50 per share on the Series F Preferred Stock (equivalent to $23.125000 per depositary share, each representing a 1/100th interest in a share of the Series F Preferred Stock); $2,350.00 per share on the Series G Preferred Stock (equivalent to $23.500000 per depositary share, each representing a 1/100th interest in a share of the Series G Preferred Stock); $925.00 per share on the Series H Preferred Stock (equivalent to $9.250000 per depositary share, each representing a 1/100th interest in a share of the Series H Preferred Stock); and $937.50 per share on the Series I Preferred Stock (equivalent to $9.375000 per depositary share, each representing a 1/100th interest in a share of the Series I Preferred Stock).
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 dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.47 per share, payable on August 2, 2024 to shareholders of record as of the close of business on July 22, 2024. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in September 2024, in each case payable on September 20, 2024 to holders of record as of the close of business on September 5, 2024: $1,577.81 per share on the Series A Preferred Stock (equivalent to $15.778051 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock); $2,312.50 per share on the Series F Preferred Stock (equivalent to $23.125000 per depositary share, each representing a 1/100th interest in a share of the Series F Preferred Stock); $2,350.00 per share on the Series G Preferred Stock (equivalent to $23.500000 per depositary share, each representing a 1/100th interest in a share of the Series G Preferred Stock); $925.00 per share on the Series H Preferred Stock (equivalent to $9.250000 per depositary share, each representing a 1/100th interest in a share of the Series H Preferred Stock); and $937.50 per share on the Series I Preferred Stock (equivalent to $9.375000 per depositary share, each representing a 1/100th interest in a share of the Series I Preferred Stock).
07/12 06:38 EST - prnewswire.com
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. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bny.com/investorrelations.
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. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bny.com/investorrelations.
07/11 12:01 EST - zacks.com
Higher Fee Income to Aid BNY Mellon (BK) Q2 Earnings, NII to Hurt
Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the second quarter of 2024 due to higher deposit costs.
Higher Fee Income to Aid BNY Mellon (BK) Q2 Earnings, NII to Hurt
Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the second quarter of 2024 due to higher deposit costs.
07/11 10:21 EST - zacks.com
Curious about The Bank of New York Mellon (BK) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The Bank of New York Mellon (BK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Curious about The Bank of New York Mellon (BK) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The Bank of New York Mellon (BK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
07/11 08:00 EST - forbes.com
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.
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.
07/11 06:52 EST - marketwatch.com
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 implied volatility VIX.
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 implied volatility VIX.