BK - The Bank of New York Mellon Corporation
| Previous Close | 44.12 |
| Open | 0.00 |
| Bid | 42.25 x 1400 |
| Ask | 50.98 x 3200 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 5,242,256 |
| Market Cap | 42.954B |
| Beta (3Y Monthly) | 0.98 |
| PE Ratio (TTM) | 11.66 |
| EPS (TTM) | 3.85 |
| Earnings Date | Oct 16, 2019 - Oct 21, 2019 |
| Forward Dividend & Yield | 1.24 (2.76%) |
| Ex-Dividend Date | 2019-07-26 |
| 1y Target Est | 46.47 |
- Thomson Reuters StreetEvents•7 hours 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
- Kiplinger•14 hours ago
The 10 Cheapest Warren Buffett Stocks
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B), is renowned for his ability to find bargains, but with markets at record highs, cheap stocks are getting tougher and tougher to find.That's true even within Berkshire Hathaway's own portfolio.Indeed, several Buffett stocks have gained some froth of their own. Many, however, still look plenty cheap for new money. After looking at where shares trade relative to expected earnings, in comparison to their own historical valuations, and vs. the Standard & Poor's 500-stock index, numerous Berkshire Hathaway holdings still appear downright cheap.We sorted through all 48 stocks in the Berkshire portfolio to find the biggest bargains left standing after the market's amazing run so far in 2019. Here are the cheapest Warren Buffett stocks right now. SEE ALSO: The Berkshire Hathaway Portfolio: All 48 Buffett Stocks Explained
- American City Business Journals•19 hours 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 Newswire•20 hours 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.
- Reuters•2 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.
- Financial Times•2 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.
- Zacks•2 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.
- Zacks•2 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 Newswire•2 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 Newswire•2 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.com•2 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.
- Investopedia•4 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.
- Zacks•4 days ago
Low Rates, Muted Lending to Hurt BNY Mellon's (BK) Q2 Earnings
BNY Mellon's (BK) net interest revenues are likely to be hurt in the second quarter of 2019 because of dismal lending scenario.
- GuruFocus.com•4 days ago
52-Week Company Lows
Details the 52-week lows for the following companies: Bristol-Myers Squibb, Simon Property Group, Bank of New York Mellon, Carnival Corp., State Street, and Kroger. Continue reading...
- PR Newswire•8 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.
- Zacks•9 days ago
Earnings Preview: Bank of New York Mellon (BK) Q2 Earnings Expected to Decline
Bank of New York Mellon (BK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Moody's•10 days ago
Silk Road Finance Number Five PLC -- Moody's assigns definitive rating to notes issued by Silk Road Finance Number Five PLC
The portfolio backing this transaction consists of UK prime residential loans originated by The Co-operative Bank plc. B1(cr)/NP(cr)) sold the portfolio of Platform branded mortgages to Silk Road Finance Number Five PLC (the "Issuer"). The rating takes into account the credit quality of the underlying mortgage loan pool, from which Moody's determined the MILAN Credit Enhancement and the portfolio expected loss, as well as the transaction structure and legal considerations.
- Simply Wall St.•10 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...
- Markit•10 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.
- GuruFocus.com•11 days ago
3 Large-Cap Stocks With High Earnings Yields
Lloyds Banking Group tops the list
- Zacks•15 days ago
Jefferies (JEF) Stock Up 6.4% as Q2 Earnings Beat Estimates
Jefferies (JEF) witnesses higher revenues in the three months ended May 31, 2019. However, higher expenses hurt results to some extent.
- Zacks•15 days ago
Weak Data Could Hasten Rate Cut: Can Banks Cope?
Banks, which have emerged creditably from stress tests, are expected to feel the pinch since lower rates weigh on net interest margins.
- Zacks•21 days ago
3 Mutual Funds to Benefit From Stress Test Results
Fed conducts a review of these banks under hypothetically created financial crises and recessions.
- Yahoo Finance Video•21 days ago
Banks passing Fed stress test signals 'mark of confidence' in financial sector
All 18 Wall Street banks cleared the second round of the Federal Reserve's stress test. Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Rick Newman discuss how the stress test has evolved over time and what it means for banks today.
