BK - The Bank of New York Mellon Corporation

NYSE - NYSE Delayed Price. Currency in USD
45.27
+0.41 (+0.91%)
At close: 4:00PM EDT
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Previous Close44.86
Open45.06
Bid0.00 x 900
Ask0.00 x 2200
Day's Range44.97 - 45.77
52 Week Range42.13 - 54.47
Volume7,744,214
Avg. Volume5,281,969
Market Cap43.347B
Beta (3Y Monthly)0.98
PE Ratio (TTM)11.77
EPS (TTM)3.85
Earnings DateOct 16, 2019 - Oct 21, 2019
Forward Dividend & Yield1.24 (2.76%)
Ex-Dividend Date2019-07-26
1y Target Est46.47
Trade prices are not sourced from all markets
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  • Thomson Reuters StreetEvents3 days ago

    Edited Transcript of BK earnings conference call or presentation 17-Jul-19 12:00pm GMT

    Q2 2019 Bank of New York Mellon Corp Earnings Call

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  • BNY Mellon eliminating 'unnecessary management layers' across staff, sales, operations
    American City Business Journals4 days ago

    BNY Mellon eliminating 'unnecessary management layers' across staff, sales, operations

    BNY Mellon is staying the course with its drive for increased efficiency and that means job cuts remain part of the strategy to offset technology and product investments. “This includes eliminating unnecessary management layers across every area of the firm, from staff to sales to operations, automating processes which are today manual and rethinking the flow of activity between us and our clients,” chairman and CEO Charlie Scharf told financial analysts during BNY Mellon’s second-quarter earnings call on Wednesday. BNY Mellon (NYSE:BK) reported net income applicable to common shareholders of $969 million, down 8% from a year ago, and diluted earnings per common share of $1.01, down 2% from the second quarter of 2018.

  • PR Newswire4 days ago

    Markets Looking Past June Performance to Clarity on Economic Data, Fed's Next Move

    KING OF PRUSSIA, Pa., July 18, 2019 /PRNewswire/ -- Markets recorded their best June performance in decades and welcomed a recent change in tone from the Federal Reserve ("Fed"), but investors could be disappointed by strengthening economic data if the U.S. central bank chooses a less accommodative policy, according to the Investment Insights by BNY Mellon's Lockwood Advisors, Inc. ("Lockwood"). "Markets now expect that global central banks are on a path for a coordinated global easing cycle, but that expectation has also become a risk for investors," said Matthew Forester, chief investment officer at BNY Mellon's Lockwood Advisors and the author of the report.

  • Reuters5 days ago

    BNY Mellon vows to stem billions in outflows from index products

    BNY Mellon Corp's push to reinvigorate its money management business has yet to stem a continuous outflow of client cash from its $322 billion complex of index-based investment products. BNY Mellon executives delivered more bad news on Wednesday when they detailed $22 billion in net withdrawals from index portfolios during the second quarter. Most of that outflow came from a single, unnamed client that took assets in-house, BNY Mellon Chief Financial Officer Michael Santomassimo said on a conference call.

  • Companies to Watch: Amazon under investigation, Bank of NY Mellon tops earnings, CSX falls short in Q2
    Yahoo Finance5 days ago

    Companies to Watch: Amazon under investigation, Bank of NY Mellon tops earnings, CSX falls short in Q2

    Amazon, Bank of New York Mellon, CSX, Qualcomm and Neuralink are the companies to watch.

  • Financial Times5 days ago

    BNY Mellon results hit by tepid markets and negative yield curve

    Bank of New York Mellon continued to battle a “difficult operating environment” in its second quarter, characterised by a negative yield curve, low levels of market volatility and a stronger dollar. The tough conditions combined to see revenue and earnings at the world’s biggest custodian bank fall compared with a year ago, although its assets under custody increased. “The impact of the level and shape of the yield curve, as well as continued low levels of volatility and muted market activity, negatively impacted our results”, Charlie Scharf, chief executive, said.

  • BNY Mellon (BK) Q2 Earnings Beat Estimates as Costs Decline
    Zacks5 days ago

    BNY Mellon (BK) Q2 Earnings Beat Estimates as Costs Decline

    BNY Mellon (BK) witnesses lower revenues in the second quarter of 2019. However, lower expenses and rise in AUM support results to quite an extent.

  • BNY Mellon (BK) Beats on Q2 Earnings, Revenues Decline
    Zacks5 days ago

    BNY Mellon (BK) Beats on Q2 Earnings, Revenues Decline

    Fall in expenses, partly offset by lower revenues aid BNY Mellon's Q2 results.

  • PR Newswire5 days ago

    BNY Mellon Reports Second Quarter 2019 Earnings Of $969 Million Or $1.01 Per Common Share

    NEW YORK , July 17, 2019 /PRNewswire/ -- Revenue down 5% EPS down 2% ROE  10% ROTCE  21% (a) CET1  11.2% SLR  6.3% The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported: ...

  • PR Newswire5 days ago

    BNY Mellon Declares Dividends

    NEW YORK , July 17, 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: ...

  • Investing.com5 days ago

    Bank of NY Mellon Earnings Beat, Revenue Inline In Q2

    Investing.com - Bank of NY Mellon (NYSE:BK) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.

  • How Bank of New York Mellon Makes Money: Investment Services and Management
    Investopedia7 days ago

    How Bank of New York Mellon Makes Money: Investment Services and Management

    With a centuries old history, BNY Mellon can still attract and retain its clients the old fashioned way while growing this company to gigantic proportions.

  • Low Rates, Muted Lending to Hurt BNY Mellon's (BK) Q2 Earnings
    Zacks7 days ago

    Low Rates, Muted Lending to Hurt BNY Mellon's (BK) Q2 Earnings

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  • GuruFocus.com7 days ago

    52-Week Company Lows

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  • PR Newswire11 days ago

    Jolen Anderson Joins BNY Mellon as Global Head of Human Resources

    NEW YORK, July 11, 2019 /PRNewswire/ -- BNY Mellon has appointed Jolen Anderson as Global Head of Human Resources.  Ms. Anderson will join the company on September 2, 2019, reporting to Chairman and Chief Executive Officer, Charles W. Scharf, and will be a member of the firm's Executive Committee. "I have known and worked closely with Jolen for several years and am thrilled to attract someone with her incredible experience to BNY Mellon.  She is a versatile leader who has demonstrated a commitment and passion for building talent in a global organization.  Her experience with developing a high-performance culture linked to business success will serve our organization well as we continue to grow and evolve our business," said Mr. Scharf.

  • Earnings Preview: Bank of New York Mellon (BK) Q2 Earnings Expected to Decline
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    Earnings Preview: Bank of New York Mellon (BK) Q2 Earnings Expected to Decline

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  • Can We See Significant Institutional Ownership On The The Bank of New York Mellon Corporation (NYSE:BK) Share Register?
    Simply Wall St.13 days ago

    Can We See Significant Institutional Ownership On The The Bank of New York Mellon Corporation (NYSE:BK) Share Register?

    If you want to know who really controls The Bank of New York Mellon Corporation (NYSE:BK), then you'll have to look at...

  • Markit13 days ago

    See what the IHS Markit Score report has to say about Bank of New York Mellon Corp.

    Bank of New York Mellon Corp NYSE:BKView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for BK with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BK. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.93 billion over the last one-month into ETFs that hold BK are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. BK credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.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.

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