|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.38 - 53.04|
|52 Week Range||49.39 - 58.99|
|PE Ratio (TTM)||13.15|
|Earnings Date||Oct 17, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||0.96 (1.77%)|
|1y Target Est||59.86|
When Charles Scharf laid out his plans earlier this year for jump-starting Bank of New York Mellon Corp.’s tepid revenue growth, the chief executive warned there was “no silver bullet here.” The question is whether investors will be patient. BNY Mellon’s shares had their worst day in more than two years Thursday after the company reported revenue that fell short of some analysts’ expectations. “Revenues were weaker than we hoped,” said Jeff Harte, an analyst with Sandler O’Neill + Partners.
Bank of New York Mellon Corp's said its second-quarter results were hurt by the loss of two clients, which will continue to have an impact over the next few quarters. Shares of the world's largest custodian bank fell about 2 percent to $54.56 in premarket trading. "We are also in the process of onboarding several large clients, which will positively impact our results, starting predominantly in the second half of next year," Chief Executive Charles Scharf said on a post-earnings conference call.
Bank of New York Mellon Corp. fell the most in two years after Chief Executive Officer Charles Scharf said that investors looking for a quick improvement in the bank’s performance needed to be patient. “We are focused on increasing the rate of revenue growth,” he said on a conference call. “Given the nature of our business it takes time.” Scharf also painted a mixed picture of the business, saying there were “pockets of strength,” as well as “softness,” in the investment management unit which experienced outflows.
Bank of New York Mellon Corp reported a 14 percent rise in second-quarter profit on Thursday, helped by higher fee revenue and lower income tax provision. The world's largest custodian bank said net income ...
NEW YORK , July 19, 2018 /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 – ...
NEW YORK , July 19, 2018 /PRNewswire/ -- Revenue up 5% EPS up 17% ROE 11% ROTCE 23% (a) CET1 11.0% SLR 6.2% The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported: ...
Microsoft earnings will be a highlight for investors on Thursday as trade stories continue to dominate the economic discussion.
Shares of BNY Mellon (BK) added 2.9% during regular hours Wednesday, the last day of trading before the company releases its latest quarterly earnings report. Here's what to expect on Thursday.
Bank of New York Mellon (NYSE: BK ) will be releasing its next round of earnings this Thursday. For all of the relevant information, here is your guide for Thursday's Q2 earnings announcement. Earnings ...
While higher rates, along with modest loan growth, is expected to positively impact BNY Mellon's (BK) net interest revenues in Q2, the expectation of a decline in fee revenues might hurt top line.
JERSEY CITY, N.J., July 16, 2018 /PRNewswire/ -- Increased volatility so far this year, along with questions as to how much longer this bull market can continue, has led to increased interest in alternative investments. Advisors exploring alternative investments need to ensure they are viewing these investment vehicles in proper context and setting the right expectations with investors, according to a new whitepaper released today by BNY Mellon's Pershing.
Moody's Investors Service ("Moody's") announced that it has assigned the following definitive rating to commercial paper ("CP") issued by Longship Funding DAC as issuer and Longship ...
Pre-market today, WallStEquities.com reviews these four Asset Management stocks: State Street Corp. (NYSE: STT), T. Rowe Price Group Inc. (NASDAQ: TROW), The Bank of New York Mellon Corp. (NYSE: BK), and The Blackstone Group L.P. (NYSE: BX). All you have to do is sign up today for this free limited time offer by clicking the link below.
PHILADELPHIA , July 12, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Olivier Khalil as senior wealth director in Philadelphia, Pennsylvania . Khalil will report to Mid-Atlantic Region Managing ...
KING OF PRUSSIA, Pa., July 11, 2018 /PRNewswire/ -- BNY Mellon's Lockwood Advisors, Inc. (Lockwood) today issued its second quarter 2018 Investment Insights, highlighting how recent market moves may impact investment decisions for the remainder of the year. "Investors are likely longing for 2017 based on how the markets have performed through the first half of this year," said Matthew Forester, chief investment officer, BNY Mellon's Lockwood Advisors.
Moody's US and EMEA ABCP activity for the period ending June 29, 2018 NO RATING IMPACT ON THE FOLLOWING ABCP PROGRAMS FROM JUNE 25, 2018 THROUGH JUNE 29, 2018: We have reviewed the following ABCP programs ...
Moody's de México, S.A. de C.V. ("Moody's") has assigned ratings of C.mx (sf) (Mexican National Scale) and C (sf) (Global Scale, Local Currency) to the BONHITO F5539 certificates. Effectively, the primary form of credit enhancement currently available for the benefit of the BONHITOs is overcollateralization in the Capital Center Trust of approximately 11.7%, including REOs.
NEW YORK, July 2, 2018 /PRNewswire/ -- BNY Mellon Investment Management ("BNY Mellon") and Amherst Holdings, LLC ("Amherst" or "Amherst Holdings"), today announced the completion of the transaction through which BNY Mellon has exchanged its majority equity interest in Amherst Capital Management LLC ("Amherst Capital") for a minority equity stake in Amherst Holdings ("Amherst"). Texas Treasury Safekeeping Trust Company1 ("TTSTC"), a founding seed investor in Amherst Capital, also completed the exchange of its economic interest in Amherst Capital for an interest in Amherst Holdings.
NEW YORK, June 28, 2018 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, today announced that the Federal Reserve did not object to the 2018 capital plan in its Comprehensive Capital Analysis and Review submission. As a result, the company's board of directors has approved the repurchase of up to $2.4 billion of its common stock starting in the third quarter of 2018 and continuing through the second quarter of 2019. The 2018 capital plan also includes an approximately 17 percent increase to BNY Mellon's quarterly cash dividend on common stock from $0.24 to $0.28 per share, commencing as early as the third quarter of 2018, subject to board approval. "Today we are announcing our intention to increase our dividend by 17% as early as the third quarter and to continue our share buyback program," said Charles Scharf, chairman and chief executive officer of BNY Mellon.
The transaction represents the fifteenth securitization transaction rated by Moody's with loans originated by Permanent tsb p.l.c. The assets supporting the Notes, which amount to around EUR 1,427 million, consist of prime mortgage loans extended to individuals with a first economic lien on properties located in Ireland. The rating take into account the credit quality of the underlying mortgage loan pool, from which Moody's determined the MILAN Credit Enhancement ("MILAN CE") and the portfolio expected loss, as well as the transaction structure and legal considerations.
NEW YORK, June 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of DXC ...
NEW YORK , June 26, 2018 /PRNewswire/ -- BNY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the future direction of FX markets ...
Jul.02 -- Chris Harvey, head of equity strategy at Wells Fargo, and Leo Grohowski, BNY Mellon Wealth Management's chief investment officer, discuss market sentiment, the U.S. economy, and the outlook for banks. They speak with Bloomberg’s Jonathan Ferro on "Bloomberg Markets: The Open"