|Bid||50.99 x 1800|
|Ask||53.00 x 800|
|Day's Range||52.09 - 52.99|
|52 Week Range||43.67 - 58.67|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||13.12|
|Earnings Date||Apr 17, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||1.12 (2.16%)|
|1y Target Est||53.39|
Bank stocks and sector-related exchange traded funds were leading the markets higher after recent filings revealed Warren Buffett's Berkshire Hathaway Inc. jumped in on the falling bank stocks to increase his bets on financials, hinting at the possibility of further merger and acquisition activity in the space. Among the top performing non-leveraged ETFs on Friday, the Invesco KBW Bank ETF (KBWB) increased 2.3%, First Trust NASDAQ ABA Community Bank Index Fund (QABA) advanced 2.0% and SPDR S&P Bank ETF (KBE) gained 2.1%. Meanwhile, the broader Financial Select Sector SPDR (XLF) was 1.8% higher.
Bank of New York Mellon (BK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Bank of New York Mellon Corp NYSE:BKView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for BK with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BK totaled $14.87 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Financialsis falling. The rate of decline is very significant relative to the trend shown over the past year. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. BK credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Warning! GuruFocus has detected 3 Warning Sign with SHO. During this time, coordinated action by the world's central banks kept interest rates near zero and the prices of nearly all asset classes high. Until the fourth quarter stumble, U.S. equities were 119 months into the longest-ever bull market, led mostly by growth stocks riding a global wave of technological innovation and expanding prosperity.
Moody's Investors Service ("Moody's") has withdrawn the Aa2 long term rating of the Variable Rate Muni Term Preferred Shares issued by Dreyfus Municipal Bond Infrastructure Fund, Inc. (DMB). Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity.
JERSEY CITY, N.J., Feb. 6, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today announced that it has topped the list for Brokerage Investor Statements in DALBAR's 2018 Trends & Best Practices in Investor Statementsi. Pershing landed the top spot for the first time since 2013 due to a series of improvements made to its statements over the past few years. "Investors need to quickly locate the information they need and easily understand how their assets are invested in order to engage in meaningful conversations with their advisors," said Katie Swain, director, Global Strategy and Product Management at Pershing.
NEW YORK , Feb. 5, 2019 /PRNewswire/ -- BNY Mellon announced today that Paul Camp , Chief Executive Officer, Treasury Services, has been appointed to the Executive Committee, the company's senior-most ...
DENTON, Texas, Jan. 31, 2019 /PRNewswire/ -- Presenting at the T3 Advisor Conference in Denton, Texas, BNY Mellon's Pershing ("Pershing") called on advisory firms to re-think their business models and technology platform strategy in light of the industry shift from an investment-forward to an experience-forward mindset. To support this transition, Pershing is accelerating its investment in two core areas: hiring more specialized talent and designing advisor-led experiences. "Transformation isn't easy," added Townsend.
In October, the Boston-based firm announced it would offer a range of crypto products designed for large investors like hedge funds. Bitcoin storage will be the first one available, according to employees of three firms that spoke with Fidelity in the past several weeks and asked not to be named discussing plans that are still private. Ether custody is expected to be next, they said.
JERSEY CITY, N.J., Jan. 29, 2019 /PRNewswire/ -- BNY Mellon's Pershing (Pershing) today announced that Financial Services Institute (FSI) has appointed Pershing Chief Operating Officer Jim Crowley to its Board of Directors. "Pershing was among the first firms to support the creation of FSI and we are thrilled to welcome Jim to our Board of Directors," said FSI President & CEO Dale Brown. FSI is the only organization that advocates solely on behalf of independent financial advisors and independent financial services firms.
But Pittsburgh equation is complicated as financial giant won't disclose number of local cuts — and continues to hire.
SINGAPORE, Jan. 23, 2019 /PRNewswire/ -- Eagle Investment Systems LLC, a BNY Mellon company, today announced that Great Eastern has selected Eagle ACCESSSM, Eagle's secure private cloud, as well as the Eagle Investment Book of Record (IBOR) solution. Building on its relationship with BNY Mellon Asset Servicing, Great Eastern will move its current Data Management solution to Eagle ACCESSSM and create an IBOR to help enhance its investment decision-making capabilities.
The Zacks Analyst Blog Highlights: Bank of America, Merck, Netflix, IBM and The Bank of New York Mellon