BK - The Bank of New York Mellon Corporation
| Previous Close | 44.36 |
| Open | 45.00 |
| Bid | 44.66 x 1200 |
| Ask | 44.67 x 900 |
| Day's Range | 44.51 - 45.67 |
| 52 Week Range | 40.52 - 54.27 |
| Volume | 4,187,748 |
| Avg. Volume | 5,154,144 |
| Market Cap | 42.099B |
| Beta (3Y Monthly) | 1.04 |
| PE Ratio (TTM) | 11.61 |
| EPS (TTM) | 3.85 |
| Earnings Date | Oct 16, 2019 |
| Forward Dividend & Yield | 1.24 (2.80%) |
| Ex-Dividend Date | 2019-07-26 |
| 1y Target Est | 46.72 |
- American City Business Journals
BNY Mellon accelerating shift to automation
The search for BNY Mellon’s next chief executive has been initiated, interim CEO Todd Gibbons told financial analysts during the custodian bank‘s third quarter earnings call on Wednesday, but don’t expect any strategic changes as the international investments giant looks to speed its shift to automation over manual processes. “Looking ahead to 2020 and the things we can accelerate ... we can increase the scalability of applying machine learning,” Gibbons said. “It doesn’t seem like a lot, but when you think about what we do, it’s a massive undertaking with huge headcounts,” Gibbons said.
- Zacks
BNY Mellon (BK) Q3 Earnings Beat Estimates as Costs Decline
BNY Mellon (BK) witnesses lower revenues in the third quarter of 2019. However, lower expenses and rise in AUM support results to quite an extent.
- Zacks
Retail Sales Miss to -0.3%, Bank Earnings Mixed: BAC & BK
-0.3% on the headline was the reverse of the consensus estimate +0.3%. This is the worst Retail Sales print since February.
- Zacks
BNY Mellon (BK) Beats on Q3 Earnings as Expenses Decline
Fall in expenses, partly offset by lower revenues aid BNY Mellon's Q3 results.
- Reuters
UPDATE 1-BNY Mellon beats profit estimates on cost controls
Bank of New York Mellon Corp reported a better-than-expected quarterly profit on Wednesday, as the world's largest custodian bank cut costs to counter weakness in its investment management business and lower interest rates. "Interest rate headwinds and deposit mix continue to challenge net interest revenue and asset management continues to be negatively impacted by prior-year outflows," Interim Chief Executive Officer Todd Gibbons said in a statement. Gibbons took the helm after Charles Scharf left to take up the top job at Wells Fargo.
- Reuters
BNY Mellon beats profit estimates on cost controls
"Interest rate headwinds and deposit mix continue to challenge net interest revenue and asset management continues to be negatively impacted by prior-year outflows," Interim Chief Executive Officer Todd Gibbons said in a statement. Gibbons took the helm after Charles Scharf left to take up the top job at Wells Fargo . The bank, which gets bulk of its revenue from managing money of clients such as big banks and hedge funds, said net interest revenue fell 18% to $730 million, hurt in part by a lease-related impairment of $70 million, higher interest-bearing deposit and funding costs.
- PR Newswire
BNY Mellon Declares Dividends
NEW YORK , Oct. 16, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors authorized dividends on its common and preferred stock as follows: ...
- PR Newswire
BNY Mellon Reports Third Quarter 2019 Earnings Of $1.0 Billion Or $1.07 Per Common Share
NEW YORK , Oct. 16, 2019 /PRNewswire/ -- Revenue down 5% EPS up 1% ROE 11% ROTCE 21% (a) CET1 11.1% SLR 6.1% The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported: ...
- ACCESSWIRE
Bank Of New York Mellon Corp to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / October 16, 2019 / Bank Of New York Mellon Corp (NYSE: BK ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 16, 2019 at ...
- Investing.com
Bank of NY Mellon Earnings Beat, Revenue Misses In Q3
Investing.com - Bank of NY Mellon reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
- American City Business Journals
What's behind Wells Fargo's earnings drop — and where the bank saw improvement
Wells Fargo & Co.'s third-quarter earnings were lower than expected as the San Francisco-based bank continues to grapple with the fallout from a three-year-old fake accounts scandal.
- Zacks
Trading, Global Woes to Mar Morgan Stanley (MS) Q3 Earnings
Morgan Stanley's (MS) Q3 results are likely to reflect adverse impact from slump in trading activities, weak investment banking and lower interest rates.
- Zacks
Fee Income Growth to Support M&T Bank's (MTB) Q3 Earnings
M&T Bank's (MTB) third-quarter 2019 results, slated for release on Oct 17, are expected to reflect benefits from an improved fee income scenario.
- Zacks
Muted Lending, Lower Rates to Hurt KeyCorp (KEY) Q3 Earnings
KeyCorp's (KEY) Q3 earnings are likely to reflect dismal lending scenario, lower interest rates and higher costs. However, improvement in mortgage banking business is likely to have offered support.
- Zacks
Why Earnings Season Could Be Great for BNY Mellon (BK)
BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- Zacks
Dismal Trading, Lower Rates to Hurt BofA's (BAC) Q3 Earnings
BofA's (BAC) Q3 earnings are expected to reflect disappointing trading activities, lower interest rates, weak lending scenario and muted investment banking performance.
- Zacks
Can Modest Asset Growth Aid BNY Mellon (BK) in Q3 Earnings?
While lower rates are likely to have hurt BNY Mellon's (BK) net interest revenues in the third quarter of 2019, asset growth is likely to have positively impacted investment management and performance fees.
- PR Newswire
BNY Mellon's Pershing Unveils New, Centralized Portal for Investment Managers
The new portal enables clients to easily manage and deliver models JERSEY CITY, N.J. , Oct. 14, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today unveiled its new manager gateway, ...
- Zacks
4 Major Bank Stocks Poised to Outshine Q3 Earnings Estimates
The Q3 earnings season will most likely have been dismal for U.S. banks due to the impact of soft loan growth and decline in interest rates, along with muted trading and investment banking activities.
- Zacks
Fee Income to Support U.S. Bancorp (USB) Q3 Earnings
U.S. Bancorp's (USB) third-quarter 2019 results, slated for release on Oct 16, are expected to reflect benefits from an improved fee income scenario.
- Yahoo Finance
Trade war pause, retail sales, bank earnings – What to know in the week ahead
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
- Moody's
DBJPM 2016-C1 Mortgage Trust -- Moody's affirms seven classes of DBJPM 2016-C1
Moody's rating action reflects a base expected loss of 5.4% of the current pooled balance, compared to 5.2% at Moody's last review. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
- Moody's
NYCTL 2019-A Tax Lien Collateralized Bonds, Series 2019-A -- Moody's assigns (P)Aaa (sf) rating to NYC-sponsored tax lien collateralized bonds
Moody's Investors Service ("Moody's") has assigned a provisional rating of (P)Aaa (sf) to the Class A tax lien asset backed bonds to be issued by NYCTL 2019-A Trust, sponsored by The City of New York (NYC, Aa1 stable). The transaction is collateralized by a static pool of unpaid tax liens levied on commercial and residential properties, including unpaid real property taxes, assessments, sewer and water rents, and sewer surcharges, amongst other city infrastructure and service charges.
- Moody's
Bank of New York Mellon (The) -- Moody's affirms The Bank of New York Mellon's SQ assessment as a residential master servicer
Moody's Investors Service has affirmed the Servicer Quality ("SQ") assessment for The Bank of New York Mellon ("BNY Mellon") of SQ2+ as a Master Servicer of residential mortgage loans. The assessment is based on the company's above average reporting and remittance processes, above average compliance and monitoring capabilities, and above average servicing stability.
