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The Bank of New York Mellon (BK)

(Delayed Data from NYSE)

$66.40 USD

66.40
2,746,544

+0.91 (1.39%)

Updated Aug 23, 2024 04:00 PM ET

After-Market: $66.41 +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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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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 D 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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Top 17% (42 out of 251)

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.

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

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?

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

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

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

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

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

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

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

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

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

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

Commerce Bancshares (CBSH) Stock Up 3% Despite Q1 Earnings Lag

Commerce Bancshares (CBSH) records significantly higher provisions in the first quarter of 2020. Also, the company witnesses an increase in expenses.

CIT Group (CIT) Stock Down 7.8% on Q1 Loss, Provisions Rise

CIT Group (CIT) witnesses significantly higher provisions in the first quarter of 2020.

Northern Trust (NTRS) Q1 Earnings Top Estimates, Provisions Up

Northern Trust's (NTRS) Q1 results reflect higher fee income, partly muted by fall in net interest income, escalating expenses and provisions amid the coronavirus crisis.

M&T Bank (MTB) Q1 Earnings Beat Estimates, Provisions Rise

Although higher fee income supports M&T Bank's (MTB) Q1 earnings, a drastic increase in provisions amid the coronavirus mayhem hurts.

State Street's (STT) Q1 Earnings Beat on Higher Fee Income

Increase in fee income and lower operating costs support State Street's (STT) Q1 earnings amid coronavirus-related mayhem.

Company News for Apr 17, 2020

Companies in the news are: TSM, BK, LOVE, VNDA

Citizens (CFG) Q1 Earnings Miss on High Costs & Provisions

Although higher fee income supports Citizens' (CFG) Q1 earnings, a drastic increase in credit costs amid the coronavirus mayhem hurts.

BNY Mellon (BK) Stock Gains 5.4% as Q1 Earnings Beat Estimates (Revised)

BNY Mellon (BK) witnesses higher revenues in the first quarter of 2020. However, marginally higher expenses and a significant rise in provisions hurt results to some extent.

BNY Mellon (BK) Stock Gains 5.4% as Q1 Earnings Beat Estimates

BNY Mellon (BK) witnesses higher revenues in the first quarter of 2020. However, marginally higher expenses and a significant rise in provisions hurt results to some extent.

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Are Buyback ETFs in Troubled Waters?

With an increasing number of companies suspending buybacks and some cutting the dividend payouts too, the outlook for buyback and dividend ETFs has deteriorated.

Decline in AUM, Low Rates to Mar BNY Mellon's (BK) Q1 Earnings

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

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Major Regional Bank Stock Outlook Dim on Rate Cuts, Coronavirus

Near-zero interest rates, and coronavirus-induced lockdown and economic slowdown are likely to hurt major regional banks' financials in the next few quarters.

Cost-Control Efforts to Aid BNY Mellon (BK) Amid Low Rates

Cost-control efforts are expected to support BNY Mellon's (BK) bottom line to an extent. However, pressure on margins due to lower rates remains a woe.

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Top Analyst Reports for Eli Lilly, Charter Communications & Eaton

Today's Research Daily features new research reports on 16 major stocks, including Eli Lilly (LLY), Charter Communications (CHTR) and Eaton (ETN).