|Bid||44.89 x 4000|
|Ask||45.51 x 800|
|Day's Range||44.98 - 45.38|
|52 Week Range||43.67 - 58.22|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||11.64|
|Forward Dividend & Yield||1.12 (2.26%)|
|1y Target Est||N/A|
Staff cuts continue at BNY Mellon’s Pittsburgh operations, historically home to the largest concentration of employees across the financial giant’s international footprint. BNY Mellon (NYSE:BK), which is based in New York, declined to divulge numbers.
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 $12.12 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. 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.
British regulators have called for KPMG to be fined at least a record £12.5m for misconduct in its work for Bank of New York Mellon, dealing another heavy blow to the reputation of the Big Four accounting firm. The UK Financial Reporting Council, the audit industry’s watchdog, said at a London hearing on Tuesday the penalty would be justified because of the size of the US bank’s operations and the “truly exceptional” seriousness of the abuses.
rose sharply in its trading debut Friday on Nasdaq, well above the initial public offering price of $17. During trading Friday, the stock jumped 25.1% to $21.27 -- with the first trade for Luckin Coffee at $25 -- and then it closed up nearly 20% at $20.38. Established in 2017 and dubbed the "Starbucks of China," Luckin is the second-biggest coffee chain in China after Starbucks.
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.
The Bank of New York Mellon Corporation (BK) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient.
Dividend paying stocks like The Bank of New York Mellon Corporation (NYSE:BK) tend to be popular with investors, and...
Moody's Investors Service has withdrawn the ratings on Hospital for Special Surgery's (NY) GNMA Collateralized Taxable Revenue Bonds, Series 2011 and Series 2015. GNMA Collateralized Taxable Revenue Bonds (Hospital for Special Surgery Project), Series 2011, maturing January 20, 2023, were defeased and will be optionally redeemed on July 20, 2021 (withdrawn on 11/02/2018). GNMA Collateralized Taxable Revenue Bonds, Series 2015, maturing December 20, 2031, were defeased and will be optionally redeemed on June 20, 2022 (withdrawn on 05/03/2019).
Delta Air Lines, The Financial Times and Bain & Co have pulled out of an event in New York honoring Brazilian President Jair Bolsonaro, the firms said on Thursday, as the South American leader faces blowback for racist and homophobic comments. Bolsonaro is due to be honored as the 2019 Person of the Year at the Brazilian-American Chamber of Commerce dinner. The gala, which already had to move from its original venue at New York's American Museum of Natural History after the museum decided not to host, is sponsored by various blue-chip firms, which have come under pressure to ditch their support of the event.
Now that the nation’s largest custodial bank is backing a marijuana exchange-traded fund, the trickle-down implications are huge, local money managers say. BNY Mellon is serving as custodian, administrator and transfer agent for AdvisorShares Pure Cannabis ETF. Major financial institutions in the U.S. are struggling to balance the demand of institutional and mom-and-pop investors alike while federal laws still categorize cannabis as an illegal drug.
Despite last year's plunge in prices for bitcoin, big investors are pumping money into hedge funds and venture-capital firms that specialize in the fledgling market for so-called cryptocurrencies. In just the past 12 months, investments in cryptocurrency-related assets have nearly tripled to $14.4 billion, in more than 700 companies and funds, according to industry tracker Crypto Fund Research. Regulators in New York state describe the market as "thriving," and they've granted virtual-currency trading approvals known as "BitLicenses" to at least 18 companies.
Today's rating assignment reflects the transaction's structure as a revolving cash securitisation of agreements entered into for the purpose of financing vehicles predominantly to private obligors in Germany by Bank11 fuer Privatkunden und Handel GmbH ("Bank11") (NR). This is the sixth public securitisation transaction of Bank11 in Germany rated by Moody's. The originator will also act as the servicer of the portfolio during the life of the transaction.
Rise in net interest income, improvement in assets under management and higher rates aid State Street's (STT) Q1 earnings while decline in fee income hurts.
"One hundred percent, we will continue to grow here," WeWork exec tells the Business Journal. "I still feel like in Nashville, we are just scratching the surface." (The company has racked up 224,000 square feet of Nashville office space)
Interest expense and low volatility led to issues in the first quarter, and pose a continuing threat to earnings in the months to come.
'They’ll have to take a sharper pencil to expenses' — and the biggest cost for banks is personnel.