Bank of New York Mellon
BK
Market cap $54.9B

74.45 USD

+0.43

0.58%

At close Oct 10, 4:00 PM EDT

Pre-market

75.75

+1.30

1.75%

1 day

0.58%

5 days

4.07%

1 month

10.28%

3 months

22.65%

6 months

33.71%

Year to date

42.13%

1 year

76.00%

5 years

71.15%

About: BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with $47.8 trillion in under custody or administration (as of Dec. 31, 2023), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.0 trillion in assets.

Employees: 52,000

Financials State Commercial Banks

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 14 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

57% more funds holding in top 10

Funds holding in top 10: 14 [Q1] → 22 (+8) [Q2]

25% more call options, than puts

Call options by funds: $205M | Put options by funds: $164M

6% more capital invested

Capital invested by funds: $35.5B [Q1] → $37.6B (+$2.04B) [Q2]

2.03% more ownership

Funds ownership: 81.85% [Q1] → 83.88% (+2.03%) [Q2]

0% more funds holding

Funds holding: 1,222 [Q1] → 1,222 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 104

1% less repeat investments, than reductions

Existing positions increased: 439 | Existing positions reduced: 442

See Fund Rankings

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$63

15%

downside

Avg. target

$72

3%

downside

High target

$82

10%

upside

14 analyst ratings

6 positive

43%

8 neutral

57%

0 negative

0%

UBS Brennan Hawken 79% 1-year accuracy 26 / 33 met price target	10%upside $82	Buy Maintained	8 Oct 2024
JP Morgan Vivek Juneja 100% 1-year accuracy 6 / 6 met price target	3%upside $77	Overweight Maintained	7 Oct 2024
Morgan Stanley Betsy Graseck 54% 1-year accuracy 26 / 48 met price target	5%upside $78	Equal-Weight Maintained	30 Sept 2024
Goldman Sachs Alexander Blostein 69% 1-year accuracy 24 / 35 met price target	7%upside $80	Buy Maintained	26 Sept 2024
Deutsche Bank Brian Bedell 77% 1-year accuracy 17 / 22 met price target	7%upside $80	Buy Upgraded	23 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 25 articles about BK published over the past 30 days

Zacks Investment Research

2 Finance Stocks to Buy as Q3 Earnings Approach: BK & PGR

Let's see why now is a good time to invest in The Bank of New York Melon (BK) and The Progressive Corporation (PGR) ahead of their third quarter results on Friday, October, 11.

2 Finance Stocks to Buy as Q3 Earnings Approach: BK & PGR

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (the "Tender Offer") with the following terms: Number of Shares 2.5% of the Fund's outstanding shares as of September 30, 2024 Commencement Date October 16, 2024 Expiration Date and Time November 13, 2024 at 5:00 p.m. Eastern Time, unless otherwise extended Price Net asset value per share determine.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer

Bank of New York Mellon Q3 Earnings Preview: Margins And Deposit Costs Are Key Metrics

Shares of Bank of New York Mellon have surged 75% in the past year, driven by a high-rate environment and strong equity markets. Despite solid Q2 results and strong expense discipline, BK's valuation appears expensive versus peers, raising concerns about further multiple expansion. Key focus areas for Q3 earnings include margin expansion, deposit cost trends, investment management strategy, and capital returns via dividends and buybacks.

Bank of New York Mellon Q3 Earnings Preview: Margins And Deposit Costs Are Key Metrics

Zacks Investment Research

Zacks Industry Outlook JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon

JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon have been highlighted in this Industry Outlook article.

Zacks Industry Outlook JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon

Zacks Investment Research

Higher Fee Income to Aid BNY Mellon's Q3 Earnings, Subdued NIR to Hurt

BK's fee revenues are likely to have aided third-quarter 2024 earnings, while a fall in net interest revenues is likely to have hurt the same.

Higher Fee Income to Aid BNY Mellon's Q3 Earnings, Subdued NIR to Hurt

Zacks Investment Research

The Bank of New York Mellon Corporation (BK) Is Up 0.39% in One Week: What You Should Know

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 Up 0.39% in One Week: What You Should Know

Zacks Investment Research

Stay Ahead of the Game With The Bank of New York Mellon (BK) Q3 Earnings: Wall Street's Insights on Key Metrics

Evaluate the expected performance of The Bank of New York Mellon (BK) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Stay Ahead of the Game With The Bank of New York Mellon (BK) Q3 Earnings: Wall Street's Insights on Key Metrics

Zacks Investment Research

4 Major Regional Bank Stocks to Watch as Fed Cuts Interest Rates

High funding costs and poor asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPM, USB, TFC and BK.

4 Major Regional Bank Stocks to Watch as Fed Cuts Interest Rates

S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023

Next week, Q3 '24 earnings start and the majority of the interest on the part of investors will be Friday, October 11th's financial services earnings. For the sector as a whole, financial services is presently looking for just +1.8% EPS growth in Q3 '24. Surprising to me was that the financial sector was expecting just +4.8% EPS growth in Q1 '24, and the actual was more than double that amount at +13.1%.

S&P 500 Earnings: Financials Face A Tough Compare With Q3 2023

Zacks Investment Research

The Bank of New York Mellon Corporation (BK) Earnings Expected to Grow: Should You Buy?

The Bank of New York Mellon (BK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Bank of New York Mellon Corporation (BK) Earnings Expected to Grow: Should You Buy?

See News Rankings

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