Bank of New York Mellon

BNY

Market cap $95.5B

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SAN FRANCISCO--(BUSINESS WIRE)--Snapdocs, the leading digital closing platform for the U.S. mortgage industry, today announced an initiative with BNY (NYSE: BK), a global financial services platforms company, to deliver automated, end-to-end digital mortgage collateral infrastructure. The joint initiative addresses one of the mortgage industry's most persistent operational gaps: collateral delivery that still relies on numerous manual handoffs between settlement, lenders, warehouse banks, and c.

NEW YORK, May 11, 2026 /PRNewswire/ -- BNY, a global financial services company, today announced that it will change the ticker symbol for the common stock of The Bank of New York Mellon Corporation from "BK" to "BNY". The company expects its common stock to begin trading under the new ticker symbol, BNY, on the New York Stock Exchange ("NYSE") effective May 21, 2026.

Investors interested in stocks from the Banks - Major Regional sector have probably already heard of State Street Corporation (STT) and The Bank of New York Mellon Corporation (BK). But which of these two companies is the best option for those looking for undervalued stocks?

Bank of New York Mellon remains a top conviction buy, outperforming since May 2023 with a +230% return since then. BK's investment case is anchored by consistent earnings beats, robust dividend growth, and proven resilience across market cycles. Recent analyst upgrades and price target increases reinforce confidence in BK's competitive positioning and organic growth drivers.

The Bank of New York Mellon Corporation (NYSE: BK) reported better-than-expected first-quarter 2026 results Thursday.

The Bank of New York Mellon Corporation (BK) Q1 2026 Earnings Call Transcript

BNY CEO Robin Vince discusses the implementation of Anthropic's Mythos at the bank.

Bank of New York Mellon has delivered a 70% share price gain over the past year, driven by superior cost control and operational execution. BK's business model is low-risk, with minimal credit exposure, enhanced by AI-driven efficiency and robust fee-based income diversification. First-quarter results showcased 13% revenue growth, 600bps margin expansion to 37%, and a 78% increase in pre-tax profit ex-interest, outpacing custody peers.

While the top- and bottom-line numbers for The Bank of New York Mellon (BK) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.