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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$51.33 - $82.72
Previous Close$77.62
Volume13.08M
Average Volume (3M)4.01M
Market Cap
$55.56B
Enterprise Value$89.75B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$33.90B
Price to Earnings (P/E)16.6
Beta0.87
Next Earnings
Jan 15, 2025EPS Estimate
$1.51Last Dividend Ex-Date
Oct 21, 2024Dividend Yield2.33%
Share Statistics
EPS (TTM)4.60
Shares Outstanding727,078,320
10 Day Avg. Volume4,264,135
30 Day Avg. Volume4,007,688
Standard Deviation0.08
R-Squared0.53
Alpha0.00093
Financial Highlights & Ratios
Price to Book (P/B)1.50
Price to Sales (P/S)3.11
Price to Cash Flow (P/CF)-44.50
P/FCF Ratio16.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.96
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$84.04Price Target Upside8.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Bank of New York Mellon Corporation News
PremiumCompany Announcements
BNY Mellon Appoints New Deputy Chief Risk Officer
Bulls Say, Bears Say
Bulls Say
EarningsBNY is positioned to return approximately 100% of net income per year, which should drive a moderate decline in the firm's annual share count going forward.
Financial PerformanceProlonged double-digit annual EPS growth likely: containing expense growth to a low single-digit pace combined with healthy capital return should enable BK to produce double-digit EPS growth for at least four straight years.
Strategic InitiativesThe firm is positioning itself to develop a durable EPS growth algorithm through the cycle, which is becoming increasingly evident via management's solid execution on organic growth initiatives, balance sheet management, operating leverage and capital return.
Bears Say
Earnings2024E EPS decreases 5c to $5.60.
Financial PerformanceEstimates for 2026 are moving down due to changes in net interest income, primarily from revised assumptions on swaps.
Growth PotentialThe expected share price return is relatively modest at 2.3%, suggesting limited growth potential.
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Ownership Overview
0.21% Insiders
29.86% Mutual Funds
25.17% Other Institutional Investors
21.66% 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 $51.33 and its highest was $82.72 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 Jan 15, 2025 which is in 24 days.
How were Bank of New York Mellon Corporation’s earnings last quarter?
Bank of New York Mellon Corporation released its earnings results on Oct 11, 2024. The company reported $1.5 earnings per share for the quarter, beating the consensus estimate of $1.412 by $0.088.
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 $0.469 which represents an annual dividend yield of 2.33%. 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 $1.51.
How many shares outstanding does Bank of New York Mellon Corporation have?
Bank of New York Mellon Corporation has 727,078,300 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 $1.5 in its last earnings report, beating expectations of $1.412. Following the earnings report the stock price went down -0.392%.
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$84.04 (8.27% Upside)
$84.04 (8.27% Upside)
Blogger Sentiment
Bullish
BK Sentiment 81%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 10.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
56.93%
12-Months-Change
Fundamentals
Return on Equity
8.86%
Trailing 12-Months
Asset Growth
5.48%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
Overall, the earnings call highlighted strong financial performance with record earnings per share growth and strategic expansion efforts. However, challenges such as net outflows in certain investment management strategies and negative net new assets in Pershing were noted. The company's strategic priorities and investments indicate a positive outlook despite some ongoing challenges.Read More>---
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
$84.04
▲(8.27% Upside)
Technical Analysis
Best Analysts Covering BK
1 Year
1 Year Success Rate
15/19 ratings generated profit
1 Year Average Return
+16.91%
reiterated a buy rating 2 months ago
Copying Vivek Juneja's trades and holding each position for 1 Year would result in 78.95% of your transactions generating a profit, with an average return of +16.91% per trade.
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