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The Bank of New York Mellon (BK)

(Delayed Data from NYSE)

$62.69 USD

62.69
3,569,115

-0.79 (-1.24%)

Updated Jul 19, 2024 04:00 PM ET

After-Market: $62.68 -0.01 (-0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 12% (31 out of 250)

Industry: Banks - Major Regional

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Zacks News

Headquartered in New York and formed as a holding company for The Bank of New York Mellon, The Bank of New York Mellon Corporation (popularly known as BNY Mellon) is a financial services company that has been in business since 1784. The company was incorporated on Jul 1, 2007, following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation. BNY Mellon operates in 35 countries and provides various products and services to individuals and institutions in more than 100 markets worldwide. The company’s global client base consists of financial institutions, corporations, government agencies, endowments and foundations as well as high-net-worth individuals.

The Bank of New York Mellon Corporation (BK) is a Top Dividend Stock Right Now: Should You Buy?

by Zacks Equity Research

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes? Let's find out.

The Bank of New York Mellon Corporation (BK) is a Great Momentum Stock: Should You Buy?

by Zacks Equity Research

Does The Bank of New York Mellon Corporation (BK) have what it takes to be a top stock pick for momentum investors? Let's find out.

U.S. Bancorp's (USB) Q2 Earnings Beat on Lower Expenses

by Zacks Equity Research

U.S. Bancorp's (USB) second quarter 2024 results are aided by lower expenses and higher deposits. Yet, a decline in NII is a concern.

PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income

by Zacks Equity Research

The rise in non-interest income and higher loan balance support PNC Financial's (PNC) Q2 earnings, while lower net interest income and a rise in provisions act as headwinds.

State Street (STT) Gains on Q2 Earnings Beat, Y/Y Revenue Rise

by Zacks Equity Research

State Street (STT) records increased revenues and expenses in the second quarter of 2024.

BofA (BAC) Gains on Q2 Earnings Beat, IB & Trading Fee Growth

by Zacks Equity Research

BofA (BAC) records a marginal increase in revenues in the second quarter of 2024.

Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y

by Zacks Equity Research

Strong Investment banking and FICC financing revenues support Goldman's (GS) Q2 Earnings. However, the current tough macroeconomic scenario remains a concern.

Company News for Jul 15, 2024

by Zacks Equity Research

Companies in The News Are: BK,T,CRM,TXN

The Bank of New York Mellon (BK) Reports Q2 Earnings: What Key Metrics Have to Say

by Zacks Equity Research

The headline numbers for The Bank of New York Mellon (BK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

BNY Mellon (BK) Gains on Q2 Earnings Beat, Revenue Growth

by Zacks Equity Research

BNY Mellon (BK) records a decline in expenses and higher revenues in the second quarter of 2024.

The Bank of New York Mellon Corporation (BK) Surpasses Q2 Earnings and Revenue Estimates

by Zacks Equity Research

The Bank of New York Mellon (BK) delivered earnings and revenue surprises of 5.59% and 1.25%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Higher Fee Income to Aid BNY Mellon (BK) Q2 Earnings, NII to Hurt

by Zacks Equity Research

Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the second quarter of 2024 due to higher deposit costs.

Growth in AUM Likely to Support BlackRock's (BLK) Q2 Earnings

by Zacks Equity Research

BlackRock (BLK) is expected to have witnessed AUM growth in the second quarter of 2024, supported by inflows.

Curious about The Bank of New York Mellon (BK) Q2 Performance? Explore Wall Street Estimates for Key Metrics

by Zacks Equity Research

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The Bank of New York Mellon (BK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Will The Bank of New York Mellon (BK) Beat Estimates Again in Its Next Earnings Report?

by Zacks Equity Research

The Bank of New York Mellon (BK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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Is Bank of America (BAC) Stock a Buy Before Q2 Earnings?

by Swayta Shah

High rates, impressive IB and trading businesses and modest loan demand are likely to have aided Bank of America's (BAC) Q2 earnings. But rising provisions and expenses might have been headwinds. Should investors buy the BAC stock now or wait for a better entry point?

Earnings Preview: Bank of America (BAC) Q2 Earnings Expected to Decline

by Zacks Equity Research

Bank of America (BAC) 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.

Mitsubishi UFJ (MUFG) Talks for HDBF Stake Hit a Road Block

by Zacks Equity Research

Mitsubishi UFJ's (MUFG) negotiation for a minority stake in the HDFC's consumer lending unit, HDB Financials, is delayed. The company is considering sweetening its offer to crack the deal.

Bank OZK (OZK) Announces a 2.6% Hike in Quarterly Dividend

by Zacks Equity Research

Bank OZK (OZK) raises its quarterly dividend by 2.6% to 40 cents per share. This marks the 56th consecutive quarter of a dividend hike.

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5 S&P 500 Banks That Outperformed the Index in the First Half

by Swayta Shah

Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.

BNY Mellon (BK) Intends to Hike Quarterly Dividend by 11.9%

by Zacks Equity Research

BNY Mellon (BK) plans to increase quarterly cash dividend by 11.9% to 47 cents per share following the 2024 stress test results, which reflect a robust and resilient balance sheet and capital position.

Here's How BlackBerry (BB) is Placed Ahead of Q1 Earnings

by Zacks Equity Research

BlackBerry's (BB) first-quarter Cybersecurity revenues are anticipated to have been affected due to the ongoing budget constraints by some of its leading government customers.

JPMorgan (JPM) Announces Plans to Expand in South Florida

by Zacks Equity Research

Being one of JPMorgan's (JPM) key strategic regions in the country, the bank announces plans to expand in South Florida.

Morgan Stanley (MS) Increases Investments in Latin America

by Zacks Equity Research

Morgan Stanley (MS) increases its investments in the Latin America region amid growing geopolitical tensions elsewhere in the world.

High Rates to Support BNY Mellon's (BK) Top Line Amid Cost Woes

by Zacks Equity Research

Global expansion efforts and a solid balance sheet are expected to support BNY Mellon's (BK) top line. However, elevated expenses are worrisome.