BK - The Bank of New York Mellon Corporation
48.41 0.00 (0.00%)
After hours: 4:22PM EDT
| Previous Close | 48.35 |
| Open | 48.37 |
| Bid | 48.40 x 800 |
| Ask | 48.41 x 4000 |
| Day's Range | 47.89 - 48.71 |
| 52 Week Range | 43.67 - 58.22 |
| Volume | 8,302,164 |
| Avg. Volume | 4,665,687 |
| Market Cap | 46.224B |
| Beta (3Y Monthly) | 0.91 |
| PE Ratio (TTM) | 11.98 |
| EPS (TTM) | 4.04 |
| Earnings Date | Apr 17, 2019 - Apr 22, 2019 |
| Forward Dividend & Yield | 1.12 (2.22%) |
| Ex-Dividend Date | 2019-01-25 |
| 1y Target Est | 54.00 |
- Thomson Reuters StreetEvents•22 hours ago
Edited Transcript of BK earnings conference call or presentation 17-Apr-19 12:00pm GMT
Q1 2019 Bank of New York Mellon Corp Earnings Call
- Motley Fool•23 hours ago
Here's Why Bank of New York Mellon Shares Fell 9% on Wednesday
Interest expense and low volatility led to issues in the first quarter, and pose a continuing threat to earnings in the months to come.
Motley Fool•yesterdayWhy Sprint, Bank of New York Mellon, and Mallinckrodt Slumped Today
Downbeat news from several sources hurt these stocks.
- American City Business Journals•yesterday
Here's how BNY Mellon's 1Q results could impact Pittsburgh jobs
'They’ll have to take a sharper pencil to expenses' — and the biggest cost for banks is personnel.
- TheStreet.com•yesterday
Bank of New York Mellon Slides After Whiffing on First-Quarter Earnings
on Wednesday reported a drop in net income and per-share earnings from a year ago on weaker revenue from interest income and the firm's investment management business. BNY Mellon said it earned $910 million, or 94 cents a share, in the quarter ended March 31, down from $1.14 billion, or $1.10 a share, in the comparable year-earlier period. Total revenue dropped 7% to $3.9 billion from $4.18 billion a year earlier.
Reuters•yesterdayBNY Mellon expects net interest revenue to drop again, shares slide
The U.S. Federal Reserve in March did an about-turn on its campaign to raise interest rates and now sees no hikes this year on risks to the economy from a global slowdown. The bank, which gets bulk of its revenue from managing money of clients such as big banks and hedge funds, said it expects second-quarter net interest revenue to fall between 3 percent and 5 percent, from the prior quarter. Net interest revenue fell 8.5 percent to $841 million in the first quarter from a year earlier.
- Bloomberg•yesterday
BNY Mellon Tumbles Most Since 2015; CEO Warns of Yield-Curve Woe
Earlier, the bank reported earnings per share, net interest margin and revenues that missed analysts’ expectations, and Chief Executive Officer Charlie Scharf warned the yield curve would hurt revenue for several quarters to come. Weak revenue overwhelmed the bank’s management of expenses, Credit Suisse’s Susan Roth Katzke wrote in a note. Net interest income, or NII, and fees were both short of forecast, she said, adding that NII was hit by continued deposit run-off.
- Reuters•yesterday
BNY Mellon sees 3-5 percent drop in second-quarter net interest revenue, from first quarter
The company said even though there was less chance of future hikes in interest rates, there has been no decline in competition for deposits. "Competition for deposits is still high, and we expect that the rate paid on interest-bearing deposits will increase a little," BNY Chief Financial Officer Michael Santomassimo said during the bank's post-earnings conference call with analysts.
- Zacks•yesterday
BNY Mellon (BK) Q1 Earnings Lag Estimates as Revenues Fall
BNY Mellon (BK) witnesses lower revenues and AUM in the first quarter of 2019. However, lower expenses support results to some extent.
- PR Newswire•yesterday
BNY Mellon Reports First Quarter 2019 Earnings Of $910 Million Or $0.94 Per Common Share
NEW YORK , April 17, 2019 /PRNewswire/ -- Revenue down 7% EPS down 15% ROE 10% ROTCE 21% (a) CET1 11.0% SLR 6.3% The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported: ...
- PR Newswire•yesterday
BNY Mellon Declares Dividends
NEW YORK , April 17, 2019 /PRNewswire/ -- The Bank of New York Mellon Corporation today announced that its Board of Directors authorized dividends on its common and preferred stock as follows: Common – ...
- Financial Times•yesterday
Wall Street lower as healthcare slide overshadows China data
Wall Street finished lower on Wednesday as healthcare stocks came under fire and weighed on sentiment that had been supported by largely positive earnings news in the US and robust economic data from China. Wall Street’s S&P 500 was down 0.2 per cent with the decline led by a 2.85 per cent fall in healthcare stocks. The moves come after UnitedHealth’s chief executive on Tuesday said during the company’s earnings call that proposals like “Medicare for all” and “wholesale disruption” of the health system being pushed by certain lawmakers, could “destabilise the nation’s healthcare system and limit the ability of clinicians to practice medicine at their best”.
- Investing.com•2 days ago
Bank of NY Mellon Earnings, Revenue Miss in Q1
Investing.com - Bank of NY Mellon (NYSE:BK) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
- ETF.com•2 days ago
New Marijuana ETF On The Way
Actively managed AdvisorShares Pure Cannabis ETF set to launch Thursday.
- Business Wire•2 days ago
AM Best Affirms Credit Ratings of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of “a+” of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
- Zacks•2 days ago
Higher Rates, Fee Income to Support BB&T's (BBT) Q1 Earnings
Slight growth in fee income and relatively higher interest rates are likely to aid BB&T's (BBT) Q1 earnings.
- Zacks•2 days ago
Higher Loans, Fee Income to Aid SunTrust (STI) Q1 Earnings
Decent loan growth, higher rates and stable fee income are expected to support SunTrust's (STI) Q1 earnings.
- Zacks•2 days ago
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•2 days ago
Will Muted Trading Income Hurt E*TRADE's (ETFC) Q1 Earnings?
Muted trading revenues likely to mar E*TRADE's (ETFC) first-quarter 2019 earnings to be reported on Apr 17.
- PR Newswire•3 days ago
BNY Mellon Named Depositary Bank by Jumia Technologies AG, the Leading Pan-African E-commerce Platform, for its Initial Public Offering in the United States
NEW YORK , April 15, 2019 /PRNewswire/ -- BNY Mellon announced that it has been appointed by Jumia Technologies AG (Jumia), the leading pan-African e-commerce platform, for its American Depositary Receipt ...
- Zacks•3 days ago
Trading, Underwriting to Mar Morgan Stanley (MS) Q1 Earnings
Disappointing trading and underwriting performance is expected to hamper Morgan Stanley's (MS) Q1 earnings growth.
- PR Newswire•3 days ago
Majority of U.S. Investors Unfamiliar With Social Investment According to National Research Study from Newton Investment Management
NEW YORK, April 15, 2019 /PRNewswire/ -- A major new research study released today from Newton Investment Management, a BNY Mellon Investment Management firm, revealed that more than half (55%) of American investors are unfamiliar with the concept of "Social Investment," defined here as the collective term for investments that seek to achieve some combination of economic, social, and environmental goals (ESG, responsible investing, etc.). "The study results make us ask why social investment isn't more widely understood and why it's not been more widely adopted in the U.S.," said Julian Lyne, Chief Commercial Officer of Newton Investment Management.
- PR Newswire•3 days ago
Institutions Rank Technology and Regulatory Revision as the Two Most Effective Ways of Helping to Reduce the Trade Finance Gap, According to BNY Mellon Global Survey
NEW YORK, April 15, 2019 /PRNewswire/ -- BNY Mellon today released its "Overcoming the Trade Finance Gap: Root Causes and Remedies" report, which finds that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, specialist trade providers and other market participants responding to its survey. The $1.5 trillion global trade finance gap is affecting development and investment flows and financial inclusion, and businesses appear to be facing an increasingly uphill struggle in accessing the resources and support needed to fulfil their trade needs.
- Zacks•3 days ago
Is an Earnings Beat in Store for BNY Mellon (BK) in Q1?
Driven by loan growth and higher rates, BNY Mellon's (BK) net interest revenues are likely to be positively impacted during the first quarter.
