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The Bank of New York Mellon (BK)

(Delayed Data from NYSE)

$65.35 USD

65.35
3,898,661

+0.54 (0.83%)

Updated Jul 26, 2024 04:00 PM ET

After-Market: $65.35 0.00 (0.00%) 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 Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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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 B 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 8% (19 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.

Signature Bank's (SBNY) Loans & Deposit Balances Decline QTD

Signature Bank's (SBNY) balance sheet shrinks, with the company witnessing a decline in spot deposits and loans since the start of the year through Mar 1, 2023.

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Driven by strong fundamentals and impressive growth prospects, State Street (STT) looks like a promising pick right now.

The Bank of New York Mellon Corporation (BK) Gains As Market Dips: What You Should Know

The Bank of New York Mellon Corporation (BK) closed the most recent trading day at $50.88, moving +0.08% from the previous trading session.

Citi (C) to Incur $190M Charges on Exit From Russia Operations

Citigroup's (C) plans of winding down consumer and institutional banking business in Russia are expected to result in $190 million in charges through 2024.

Loan Growth Supports M&T Bank (MTB) Despite Rising Costs

M&T Bank's (MTB) top line gets support from increasing loans and deposit balances from acquisitions. However, continued cost increases and deteriorating credit quality are concerning.

Retail Loan Growth to Aid Ally Financial (ALLY) Amid Cost Woes

Ally Financial's (ALLY) efforts to diversify the revenue base and the rise in consumer loans will likely aid profits. Elevated costs due to inorganic growth efforts might hurt the bottom line.

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Buffett's company Berkshire Hathaway's latest 13-F filing showed that Berkshire's portfolio was invested in 49 companies in the fourth quarter of 2022.

The Bank of New York Mellon Corporation (BK) Dips More Than Broader Markets: What You Should Know

The Bank of New York Mellon Corporation (BK) closed at $50.16 in the latest trading session, marking a -0.54% move from the prior day.

Higher Rates to Aid Hilltop Holdings (HTH) Amid Cost Woes

Hilltop Holdings' (HTH) restructuring efforts to diversify business as a profitable banking operation are commendable. Yet, elevated costs might hurt the bottom line.

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.

Is Axis Capital Holdings (AXS) Stock Outpacing Its Finance Peers This Year?

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

Restructuring, Higher Rates Aid KeyCorp (KEY) Amid Cost Woes

Higher interest rates, decent loan demand and business expansion efforts will keep supporting Key Corp's (KEY) financials.

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.

Valley National (VLY) Gains Despite Q4 Earnings Miss, Cost Hike

Valley National (VLY) records a rise in revenues in the fourth quarter of 2022.

Hilltop Holdings (HTH) Q4 Earnings Beat, Revenues Decline Y/Y

Hilltop Holdings (HTH) records a decline in expenses in the fourth quarter of 2022.

ICICI Bank (IBN) Q3 Earnings Rise on Higher Loan Demand

ICICI Bank (IBN) records a rise in net interest income and fee income in the third quarter of fiscal 2023 (ended Dec 31, 2022).

State Street (STT) Stock Up as Q4 Earnings Beat on Higher NIR

Higher NIR on rising rates, solid new business wins and a marginal decline in expenses support State Street's (STT) Q4 earnings.

Discover Financial (DFS) Q4 Earnings Beat on Record Loan Growth

Discover Financial's (DFS) Q4 results indicate a strong contribution from the Payment Services segment and an expanded net interest margin, partly offset by rising operating expenses.

M&T Bank (MTB) Q4 Earnings Beat Estimates on Higher Revenues

Increase in revenues, solid loan and deposit balance and higher rates support M&T Bank's (MTB) Q4 earnings, while higher provisions and expenses pose as undermining factors.

Comerica (CMA) Q4 Earnings Beat, Revenues & Costs Rise Y/Y

Comerica (CMA) records a rise in revenues in the fourth quarter of 2022. However, higher expenses and provisions hurt the results to some extent.

Truist Financial (TFC) Q4 Earnings Beat, Revenues Rise Y/Y

Truist Financial (TFC) records a rise in revenues and marginally higher expenses in the fourth quarter of 2022.

Earnings Estimates Rising for The Bank of New York Mellon Corporation (BK): Will It Gain?

The Bank of New York Mellon Corporation (BK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

PNC Financial (PNC) Down on Q4 Earnings Miss, Costs Dip Y/Y

PNC Financial (PNC) records a rise in revenues and lower expenses in the fourth quarter of 2022.

Company News for Jan 17, 2023

Companies in The News Are: C, WFC, SJR, BK

Morgan Stanley (MS) Gains on Q4 Earnings Beat, Revenues Dip Y/Y

Morgan Stanley (MS) records a decline in revenues in the fourth quarter of 2022. Provisions witness a y/y rise.