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The Bank of New York Mellon (BK)

(Real Time Quote from BATS)

$63.08 USD

63.08
2,262,637

+0.39 (0.62%)

Updated Jul 22, 2024 02:32 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.

BNY Mellon Expands in Saudi Arabia, Partners With NCB Capital

by Zacks Equity Research

BNY Mellon (BK) partners with Saudi Arabia's largest asset manager, NCB Capital, to promote its global custody and asset-servicing activities for institutional investors in the region.

Westpac to Pay Penalty to AUSTRAC for Compliance Failure

by Zacks Equity Research

Westpac's (WBK) fine marks the largest ever civil penalty in Australia's history.

Stock Market News for Sep 22, 2020

by Zacks Equity Research

Concerns about spike in coronavirus cases raised possibilities of new lockdown measures in Europe, and a lack of progress towards another round of fiscal stimulus in America led to sharp sell-off on Monday.

Swayta Shah headshot

Bank Stocks Down as Probe Shows Large Scale Money Laundering

by Swayta Shah

The report revealing rampant money laundering shows that efforts taken by banks to fight such activities are still not enough. The disclosure hurt the banks' reputation to an extent.

Northwest Bancshares to Boost Branch Efficiency, Save Costs

by Zacks Equity Research

Northwest Bancshares (NWBI) intends to enhance branch efficiency technology upgrades. These efforts will lead to cost savings.

Swayta Shah headshot

Low Rates, Coronavirus Mar Major Regional Bank Stock Outlook

by Swayta Shah

Near-zero interest rates, worsening asset quality and coronavirus-induced economic slowdown are likely to continue hampering major regional banks' financials in the next few quarters.

M&T Bank (MTB) Q2 Earnings Miss Estimates, Provisions Up

by Zacks Equity Research

M&T Bank's (MTB) Q2 results reflect escalating provisions and lower revenues amid the coronavirus crisis, partly offset by lower expenses.

Northern Trust (NTRS) Q2 Earnings Beat Estimates, Provisions Up

by Zacks Equity Research

Northern Trust's (NTRS) Q2 results reflect higher fee income, partly muted by fall in net interest income, escalating expenses and provisions amid the coronavirus crisis.

State Street (STT) Q2 Earnings Beat on Fee Income Growth

by Zacks Equity Research

A rise in fee income and cost-saving efforts support State Street's (STT) Q2 earnings amid lower rates and coronavirus-related concerns.

BNY Mellon (BK) Q2 Earnings & Revenues Beat, Provisions Jump

by Zacks Equity Research

Rise in fee income and higher assets balance support BNY Mellon's (BK) Q2 results amid lower rates and rising provisions.

BNY Mellon (BK) Beats on Q2 Earnings as Revenues Improve

by Zacks Equity Research

BNY Mellon's Q2 results reflect higher revenues and assets growth, while lower rates hurt.

Low Interest Rates to Mar Truist Financial (TFC) Q2 Earnings

by Zacks Equity Research

Near-zero interest rates and a substantial rise in provisions are likely to hurt Truist Financial's (TFC) Q2 results.

Trading, Underwriting Businesses to Aid BofA (BAC) Q2 Earnings

by Zacks Equity Research

A substantial rise in trading and underwriting activities is likely to support BofA's (BAC) Q2 results. Lower interest rates and significantly higher credit cost may have been headwinds.

Should You Buy BNY Mellon (BK) Ahead of Earnings?

by Zacks Equity Research

BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Mortgage Banking to Support U.S. Bancorp's (USB) Q2 Earnings

by Zacks Equity Research

U.S. Bancorp's (USB) Q2 results are likely to reflect higher mortgage banking revenues, muted interest income and increased expenses.

What's in the Cards for PNC Financial (PNC) in Q2 Earnings?

by Zacks Equity Research

PNC Financial's (PNC) cost-control efforts and benefits from strong equity markets are likely to have been offset by lower interest rates in the second quarter.

Trading, Underwriting Business to Aid Goldman (GS) Q2 Earnings

by Zacks Equity Research

While a substantial rise in trading activities and solid underwriting business will likely reflect on Goldman's (GS) Q2 results, lower rates and reduced consumer banking activities may have been woes.

Growth in Assets to Support BNY Mellon's (BK) Q2 Earnings

by Zacks Equity Research

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

Trading, Mortgage Banking to Aid JPMorgan (JPM) Q2 Earnings

by Zacks Equity Research

A substantial rise in trading & refinancing activities, and solid underwriting business are likely to reflect on JPMorgan's (JPM) Q2 results. Lower rates and a rise in credit cost may have been woes.

State Street (STT) and FNZ to Offer Wealth Manager Servicing

by Zacks Equity Research

State Street's (STT) partnership with FNZ Group is likely to support its revenues in the quarters ahead.

BNY Mellon & Deutsche Bank Jointly Develop Digital FX Solution

by Zacks Equity Research

BNY Mellon (BK) and Deutsche Bank's (DB) alliance to develop a digital FX solution will likely reduce the transaction times in trading of emerging market restricted currencies.

Here's Why You Should Hold On to Bank United (BKU) Stock Now

by Zacks Equity Research

BankUnited's (BKU) decent top-line growth and steady capital-deployment activities make it attractive for investors. However, the near-zero interest rates and high debt levels are concerns.

Bank Stock Roundup: Economic Rebound Hopes High Amid Coronavirus Woes, Citi in Focus

by Zacks Equity Research

Banking stocks appreciate as upbeat economic reports perk up markets, boosting investor optimism over an expected economic rebound.

BNY Mellon to Build FX Pricing & Trading Engine in Singapore

by Zacks Equity Research

BNY Mellon's (BNY) efforts to expand in Singapore are in sync with its strategy to strengthen global FX capabilities.

Warren Buffett Cuts Stake in Bank Stocks on Coronavirus Woes

by Zacks Equity Research

Amid a challenging operating backdrop, Warren Buffett is divesting bank stocks from his investment portfolio.