Here's Why The Bank of New York Mellon Corporation (BK) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
The Bank of New York Mellon Corporation (BK)
Headquartered in New York and formed as a holding company for The Bank of New York Mellon, The Bank of New York Mellon Corporation (popularly known as BNY Mellon) is a financial services company that has been in business since 1784. The company was incorporated on Jul 1, 2007, following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation.
BK is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 8.6X for the current fiscal year compared to the Banks - Major Regional industry's P/E of 7.4X. Additionally, BK has a PEG Ratio of 1 and a Price/Cash Flow ratio of 5.4X. Value investors should also note BK's Price/Sales ratio of 1.1X.
A company's earnings performance is important for value investors as well. For fiscal 2023, three analysts revised their earnings estimate higher in the last 60 days for BK, while the Zacks Consensus Estimate has increased $0.02 to $4.87 per share. BK also holds an average earnings surprise of 8.7%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding BK to their portfolios.
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The Bank of New York Mellon Corporation (BK) : Free Stock Analysis Report
