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The Bank of New York Mellon (BK)

(Real Time Quote from BATS)

$62.78 USD

62.78
1,549,148

+0.09 (0.14%)

Updated Jul 22, 2024 12:36 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

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.

Washington Federal (WAFD) Q1 Earnings Beat, Revenues Down Y/Y

Washington Federal (WAFD) witnesses a decline in revenues and expenses in the first quarter of fiscal 2021 (ended Dec 31).

Increase in Trading Revenues to Support BofA (BAC) Q4 Earnings

Bank of America (BAC) is expected to have recorded impressive trading revenue growth in the fourth quarter of 2020 on rise in market volatility and higher client activity.

Truist (TFC) Signs Deals to Sell Institutional Retirement Business

Truist Financial (TFC) sells institutional 401(k) investment advisory services business to OneDigital, and signs deal to sell institutional 401(k) recordkeeping businesses to Ascensus and Empower.

Jefferies' (JEF) Q4 Earnings Top Estimates on Revenue Growth

Jefferies' (JEF) fourth-quarter fiscal 2020 (ended Nov 30) results reflect higher revenues, partly offset by elevated expenses.

Associated Banc-Corp (ASB) to Sell Wealth Unit to Rockefeller

Sale of the wealth management business is likely to strengthen Associated Banc-Corp's (ASB) balance sheet and liquidity position.

Deutsche Bank (DB) Rises 39.5% YTD: Can the Rally Continue?

Efforts to save costs and improve profitability through major restructuring strategies are likely to continue supporting Deutsche Bank's (DB) rally in the quarters ahead.

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Fed Unveils 2nd Stress Test Results, Eases Capital Distribution Limits

The results of the second round of stress test, following which the Fed eased restrictions on capital deployment by banks, highlight capital adequacy of the banking sector.

BNY Mellon (BK) to Sell Canada Wealth Business to Guardian

BNY Mellon's (BK) Canada-based wealth management business is being acquired by Guardian Capital.

The Zacks Analyst Blog Highlights: Oracle, Adobe, Costco, AutoZone, Regeneron Pharmaceuticals and Bank of New York Mellon

The Zacks Analyst Blog Highlights: Oracle, Adobe, Costco, AutoZone, Regeneron Pharmaceuticals and Bank of New York Mellon

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Q4 Earnings Season Update and Analyst Reports for BHP, Starbucks & Snap

We have provided an update on the Q4 earnings season in today's note, in addition to featuring new research reports on 16 major stocks, including BHP (BHP), Starbucks (SBUX) and Snap (SNAP).

Ratings of 3 Custody Banks Affirmed by Moody's, Outlook Stable

Moody's Investors Service affirms all ratings of BNY Mellon (BK), Northern Trust (NTRS) and State Street (STT). The outlook remains stable for all three banks.

UMB Financial (UMBF) Q3 Earnings Beat on Revenue Strength

UMB Financial's (UMBF) Q3 results highlight stellar revenues, partly muted by higher provisions and expenses.

TCF Financial (TCF) Q3 Earnings Top Estimates, Revenues Down

TCF Financial's (TCF) Q3 results highlight lower expenses, reduced provisions, reduction in fee income and margin pressure.

Bank OZK (OZK) Q3 Earnings Beat, Revenues & Expenses Rise

Bank OZK (OZK) records a rise in revenues along with higher expenses in the third quarter of 2020.

Huntington (HBAN) Q3 Earnings Top Estimates, Expenses Up

Higher revenues support Huntington's (HBAN) Q3 earnings, partly muted by elevated expenses and provisions.

M&T Bank (MTB) Q3 Earnings Beat Estimates, Revenues Down

M&T Bank's (MTB) Q3 results reflect lower expenses, partly offset by escalating provisions and reduction in revenues.

Northern Trust (NTRS) Q3 Earnings Miss, Fee Income Climbs

Northern Trust's (NTRS) Q3 results reflect higher fee income, mostly muted by fall in net interest income, escalating expenses and provisions.

Synovus' (SNV) Q3 Earnings Beat on Solid Mortgage Banking

Synovus' (SNV) Q3 results highlight elevated fee income, partly muted by lower net interest income, along with higher provisions and expenses.

BNY Mellon (BK) Earnings Beat in Q3, Revenues Decline Y/Y

BNY Mellon (BK) witnesses a decline in revenues and higher expenses in the third quarter of 2020.

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5 Major Bank Stocks Set to Beat on Q3 Earnings Amid Low Rates

Decent performance of fee income components including trading, underwriting and investment banking is likely to have supported major banks' Q3 earnings amid low interest rates and economic slowdown.

Asset Growth to Aid BNY Mellon (BK) Q3 Earnings Amid Low Rates

Rise in asset balances are expected to have boosted BNY Mellon's (BK) performance fee in third-quarter 2020. Lower interest rates are likely to have hurt net interest revenues.

Muted Loan Growth to Mar Truist Financial (TFC) Q3 Earnings

Truist Financial (TFC) is expected to have witnessed a decline in interest income in the third quarter because of muted loan growth as well as low interest rates.

Increased Client Activity to Aid Schwab (SCHW) Q3 Earnings

While Schwab's (SCHW) trading revenues are likely to have improved in Q3 on rise in client activity amid higher market volatility, interest revenues are not expected to have improved much.

Fee Income to Support BofA (BAC) Q3 Earnings Amid Low Rates

Fee income sources including trading, investment banking and consumer fees are expected to have supported BofA's (BAC) Q3 results. However, low interest rates and mute loan demand might have hurt it.

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Bank Stock Roundup: Citi Faces Penalty, BofA & Wells Fargo Restructure Business

Improving oversight related to risk management process and business restructuring initiatives will support major bank stocks, going forward.