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The Bank of New York Mellon (BK)

(Delayed Data from NYSE)

$60.50 USD

60.50
3,034,891

+0.39 (0.65%)

Updated Jul 2, 2024 04:00 PM ET

After-Market: $60.49 -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 Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

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 C Momentum F 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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Bottom 37% (156 out of 249)

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.

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

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%

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

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

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

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

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

JPMorgan, BNY Mellon Mull Entering India Asset Management Market

JPMorgan (JPM) and BNY Mellon (BK) are mulling to enter India's rapidly-growing asset management industry.

Are You Looking for a High-Growth Dividend Stock?

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.

BlackRock (BLK) Intends to Expand Overseas Offerings in Japan

BlackRock (BLK) aims to boost its overseas offerings in Japan amid the ongoing corporate governance changes and a push for decarbonization. This move aligns with the company's organic growth strategy.

BNY Mellon (BK) Expands Indexing Suite, Launches Tax Solutions

BNY Mellon (BK) expands its direct indexing suite and launches customized tax solutions.

BNY Mellon (BK) Boosts Investment Solutions via Bundle Services

BNY Mellon (BK) reveals a unified offering to its clients to offer a comprehensive investment solution at a reduced cost. This strategic move aligns with the bank's strategy to boost the client base.

Implied Volatility Surging for The Bank of New York Mellon (BK) Stock Options

Investors need to pay close attention to The Bank of New York Mellon (BK) stock based on the movements in the options market lately.

Why The Bank of New York Mellon Corporation (BK) is a Great Dividend Stock Right Now

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.

Deutsche Bank (DB) Plans to Discontinue Numis' US Operations

Deutsche Bank (DB) plans to close down Numis' U.S. operations following a reduction in the latter's estimated value.

The Bank of New York Mellon (BK) Up 8% Since Last Earnings Report: Can It Continue?

The 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.

New York Community (NYCB) to Sell Warehouse Loans To JPM

New York Community's (NYCB) sale of mortgage warehouse loans to JPMorgan (JPM) will improve the former's capital, liquidity and loan-to-deposit metrics.

Why The Bank of New York Mellon Corporation (BK) is a Top Dividend Stock for Your Portfolio

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.

BNY Mellon (BK) Rides on High Rates Despite Expense Woes

BNY Mellon (BK) remains well-placed for top-line growth, given a solid balance sheet, high rates and business transformation efforts. However, rising expenses and fee-income concentration are woes.

Mercury Systems (MRCY) Q3 Earnings & Revenues Miss Estimates

Mercury Systems' (MRCY) third-quarter fiscal 2024 top-line results suffer due to increasing operating expenses as a percentage of revenues and margin pressure.

Datadog (DDOG) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Datadog's (DDOG) first-quarter 2024 top-line results benefit from strength in customer demand for offerings in modern observability, cloud security, software delivery and cloud service management.

Is The Bank of New York Mellon (BK) Outperforming Other Finance Stocks This Year?

Here is how The Bank of New York Mellon Corporation (BK) and Brown & Brown (BRO) have performed compared to their sector so far this year.

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

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.

BNY Mellon (BK) Plans to Divest Canada Unit to Computershare

BNY Mellon (BK) signs a deal to divest its Canada business while at the same time focusing on global expansion efforts. The financial terms of the deal remain undisclosed.

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

Higher fee income and solid improvement in AUM and AUC/A balances drive BNY Mellon's (BK) Q1 earnings. On the other hand, lower NIR and a rise in expenses act as spoilsports.

The Bank of New York Mellon (BK) Reports Q1 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for The Bank of New York Mellon (BK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.