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Bank of New York Mellon Corp BK Stock Quote

| Rating as of

NYSE: BK

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 50.06
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Large Value
  • Day Range 50.05  –  50.67
  • Year Range 36.22  –  64.63
  • Market Cap 40.4708 Bil
  • Volume / Avg 7.5 Mil /  4.5 Mil
  • Price / Sales 2.54
  • Price / Book 1.13
  • Forward Div Yield 3.03%
  • Trailing Div Yield 3.58%

Morningstar‘s Stock Analysis BK

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Higher Interest Rates Boosting Profits at BNY Mellon

Rajiv Bhatia Equity Analyst

Analyst Note

| Rajiv Bhatia |

Wide-moat-rated Bank of New York Mellon finished 2022 on a high note. Adjusted revenue of $4.38 billion and adjusted earnings per share of $1.30 for the fourth quarter topped the FactSet consensus estimates of $4.20 billion and $1.01, respectively. The bank is benefiting from higher interest rates as net interest margin expanded from 1.05% in the prior quarter to 1.19%, resulting in net interest income increasing 14% sequentially and 56% from the year-ago period. Monetary tightening is affecting average deposits, which were down 2% sequentially and 12% from the year-ago period. As we update our model, we anticipate raising our $55 fair value estimate by a single-digit percentage.

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Key Statistics BK

Company Profile BK

Business Description

BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $41.1 trillion in under custody and administration (as of Dec. 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon’s asset-management division manages about $2.2 trillion in assets.

Contact
240 Greenwich Street
New York, NY, 10286
Industry Asset Management
Employees 51,100

Related Articles BK

FAQs for Bank of New York Mellon Corp Stock

Yes. BK has a forward dividend yield of 3.03%. See BK’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

BK’s market cap is 40.47 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

BK’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

BK’s price/sales is 2.54.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

BK’s price/forward earnings is 9.93.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

BK’s price/book is 1.13.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See BK’s valuation ratios compared to the Market Index.

BK’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare BK’s historical performance against its industry peers and the overall market.