Bank of New York Mellon
BK

$65.35

0.83%

Market Cap: 48.2B

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: 52,100

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 14 analysts

0

News positive %

of 32 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

78% more first-time investments, than exits

New positions opened: 155 | Existing positions closed: 87

41% more call options, than puts

Call options by funds: $227M | Put options by funds: $161M

17% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 14 (+2) [Q1 2024]

6% more funds holding

Funds holding: 1,132 [Q4 2023] → 1,200 (+68) [Q1 2024]

5% more capital invested

Capital invested by funds: $33.4B [Q4 2023] → $35.1B (+$1.7B) [Q1 2024]

2.55% less ownership

Funds ownership: 83.33% [Q4 2023] → 80.78% (-2.55%) [Q1 2024]

12% less repeat investments, than reductions

Existing positions increased: 390 | Existing positions reduced: 445

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Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$58

11%

downside

Avg. target

$66

1%

upside

High target

$75

15%

upside

14 analyst ratings

6 positive

43%

8 neutral

57%

0 negative

0%

Deutsche Bank Brian Bedell	4%downside $63	Hold Maintained	15 Jul 2024
Evercore ISI Group Glenn Schorr	1%upside $66	In-Line Maintained	15 Jul 2024
Keefe, Bruyette & Woods David Konrad	15%upside $75	Outperform Reiterated	15 Jul 2024
Barclays Jason Goldberg	15%upside $75	Overweight Maintained	15 Jul 2024
Morgan Stanley Betsy Graseck	1%downside $65	Equal-Weight Maintained	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 32 articles about BK published over the past 30 days

Zacks Investment Research

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?

Zacks Investment Research

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?

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

Zacks Investment Research

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?

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

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.

Top 5 Financials Stocks That May Collapse This Month

As of July 15, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Financials Stocks That May Collapse This Month

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

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

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

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