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The Bank Of New York Mellon Corporation (BK) |
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Price: $70.5300
$1.83 
2.664%
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| Day's High:
| $70.61
| Week Perf:
| 4.47 %
|
| Day's Low: |
$ 69.00 |
30 Day Perf: |
8.54 % |
| Volume (M): |
3,410 |
52 Wk High: |
$ 70.61 |
| Volume (M$): |
$ 240,500 |
52 Wk Avg: |
$55.08 |
| Open: |
$69.00 |
52 Wk Low: |
$39.66 |
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| Market Capitalization (Millions $) |
53,010 |
| Shares
Outstanding (Millions) |
752 |
| Employees |
51,700 |
| Revenues (TTM) (Millions $) |
17,695 |
| Net Income (TTM) (Millions $) |
3,441 |
| Cash Flow (TTM) (Millions $) |
-2,275 |
| Capital Exp. (TTM) (Millions $) |
1,286 |
The Bank Of New York Mellon Corporation
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing
a comprehensive array of services that enable institutions and individuals to
move and manage their financial assets in more than 100 markets worldwide. The
Company has a long tradition of collaborating with clients to deliver innovative
solutions through its core competencies: securities servicing, treasury management,
investment management, and individual & regional banking services. The Company's
extensive global client base includes a broad range of leading financial institutions,
corporations, government entities, endowments and foundations. Its principal
subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the
United States and has consistently played a prominent role in the evolution
of financial markets worldwide.
The Company has executed a consistent strategy over the past decade by focusing
on highly scalable, fee-based securities servicing and fiduciary businesses,
with top three market share in most of its major product lines. The Company
distinguishes itself competitively by offering the broadest array of products
and services around the investment lifecycle. These include: advisory and asset
management services to support the investment decision; extensive trade execution,
clearance and settlement capabilities; custody, securities lending, accounting
and administrative services for investment portfolios; and sophisticated risk
and performance measurement tools for analyzing portfolios. The Company also
provides services for issuers of both equity and debt securities. By providing
integrated solutions for clients' needs, the Company strives to be the preferred
partner in helping its clients succeed in the world's rapidly evolving financial
markets.
The Company has grown both through internal reinvestment as well as execution
of strategic acquisitions to expand product offerings and increase market share
in its scale businesses. Internal reinvestment occurs through increased technology
spending, staffing levels, marketing/branding initiatives, quality programs,
and product development. The Company consistently invests in technology to improve
the breadth and quality of its product offerings, and to increase economies
of scale. With respect to acquisitions, the Company has acquired 92 businesses
since 1995, almost exclusively in its securities servicing and fiduciary segment.
The acquisition of Pershing in 2003 for $2 billion was the largest of these
acquisitions.
As part of the transformation to a leading securities servicing provider, the
Company has also de-emphasized or exited its slower growth traditional banking
businesses over the past decade.
Company Address: 240 Greenwich Street New York 10286 NY
Company Phone Number: 495-1784 Stock Exchange / Ticker: NYSE BK
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Customers Net Income fell by |
BK's Customers Net Profit Margin fell to |
-98.57 % |
0.19 %
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| Stock Performances by Major Competitors |
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| Stocks on the Move
Published Tue, Jul 16 2024 12:41 PM UTC
Year to date, The Bank of New York Mellon Corporation (BK) has demonstrated a strong market performance, outpacing the CSIMarkets index. Several recent events have contributed to the bank's success, including positive earnings reports and a boost in dividend payouts. These factors have garnered investor confidence and propelled BK's shares to new highs.On July 12, 2024, the ...
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| The Bank Of New York Mellon Corporation
The Bank of New York Mellon Corporation (BK) has showcased remarkable progress in the past year, with shares improving by an impressive 34.05% compared to the previous year. Additionally, BK shares are currently just 3.1% short of reaching their 52-week high at $58.275. These positive market indicators, combined with the recently reported financial results, indicate a promising future for the company.
Financial Results:
During the first quarter of 2024, The Bank of New York Mellon Corporation reported highly encouraging earnings. Revenue saw a growth of 3.782%, reaching $4.50 billion, compared to $4.34 billion in the same reporting period the previous year. Earnings per share (EPS) also improved significantly, rising by 11.61% to $1.25, up from $1.12 in the prior year reporting period.
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| The Bank Of New York Mellon Corporation
The Bank of New York Mellon Corporation (BK) has recently announced its financial results for the fiscal year ending December 31, 2023, and it is certainly a reason for investors to cheer. Despite some challenges faced by the Regional Banks sector, BK managed to buck the trend and experienced a surge in both revenue and earnings per share.
In the fourth quarter of 2022, BK's earnings per share stood at $0.63. However, in the same period in 2023, it dipped to $0.21. This might sound concerning at first, but when we look at the bigger picture, we see that BK's revenue actually increased by 8.44%. This indicates the bank's ability to overcome obstacles and continue to grow amidst a challenging environment.
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| The Bank Of New York Mellon Corporation
The Bank of New York Mellon Corporation has had an exceptional performance in the stock market during the fiscal third quarter of 2023. Despite slow revenue growth, the company managed to deliver impressive profits, with EPS increasing significantly by 212.82% to $1.22 per share.
In comparison to the same quarter a year ago, the bank's revenue only grew slightly by 1.439% to $4.37 billion. However, this still outperformed most of its peers in the Regional Banks industry, where the average top-line growth was only 0.67%.
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| The Bank Of New York Mellon Corporation
The Bank Of New York Mellon Corporation (BNY Mellon) has recently released its financial results for the most recent fiscal period. With notable improvements in key financial metrics, the company appears to be on a positive trajectory. Analyzing these results can shed light on how they might impact the company's future performance.
1. Strong Income Growth and Profit Margin Expansion:
BNY Mellon has showcased impressive income growth, with income per share advancing by 26.21% to $1.30 compared to $1.03 a year ago. Additionally, income per share surged by 16.07% from $1.12 in the prior reporting period. These figures are indicative of the company's ability to generate higher earnings for its shareholders.
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| Per Share |
Current |
| Earnings (TTM) |
4.2 $ |
| Revenues (TTM) |
23.54 $
|
| Cash Flow (TTM) |
- |
| Cash |
52.33 $
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| Book Value |
54.59 $
|
| Dividend (TTM) |
1.41 $ |
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| Per Share |
|
| Earnings (TTM) |
4.2 $
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| Revenues (TTM) |
23.54 $ |
| Cash Flow (TTM) |
- |
| Cash |
52.33 $
|
| Book Value |
54.59 $ |
| Dividend (TTM) |
1.41 $ |
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| Operating segments Securities Services |
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 48.73 % |
of total Revenue |
| Operating segments Market and Wealth Services |
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33.41 % |
of total Revenue |
| Operating segments Investment and Wealth Management |
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17.87 % |
of total Revenue |
| segments |
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8.05 % |
of total Revenue |
| Investment services fees segments |
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50.92 % |
of total Revenue |
| Investment management and performance fees segments |
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16.65 % |
of total Revenue |
| Financing-related fees segments |
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0.39 % |
of total Revenue |
| Distribution and servicing segments |
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0.89 % |
of total Revenue |
| Investment and other income segments |
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0.67 % |
of total Revenue |
| Securities Services segments |
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5.29 % |
of total Revenue |
| Securities Services Investment services fees segments |
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28.88 % |
of total Revenue |
| Securities Services Financing-related fees segments |
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0.26 % |
of total Revenue |
| Securities Services Investment and other income segments |
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1.35 % |
of total Revenue |
| Market and Wealth Services segments |
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1.55 % |
of total Revenue |
| Market and Wealth Services Investment services fees segments |
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21.96 % |
of total Revenue |
| Market and Wealth Services Investment management and performance fees segments |
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0.04 % |
of total Revenue |
| Market and Wealth Services Financing-related fees segments |
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0.11 % |
of total Revenue |
| Market and Wealth Services Distribution and servicing segments |
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-0.65 % |
of total Revenue |
| Market and Wealth Services Investment and other income segments |
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1.33 % |
of total Revenue |
| Investment and Wealth Management segments |
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0.24 % |
of total Revenue |
| Investment and Wealth Management Investment services fees segments |
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0.5 % |
of total Revenue |
| Investment and Wealth Management Investment management and performance fees segments |
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16.67 % |
of total Revenue |
| Investment and Wealth Management Financing-related fees segments |
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0.02 % |
of total Revenue |
| Investment and Wealth Management Distribution and servicing segments |
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1.5 % |
of total Revenue |
| Investment and Wealth Management Investment and other income segments |
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-2 % |
of total Revenue |
| Other segments |
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0.98 % |
of total Revenue |
| Other Investment services fees segments |
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-0.41 % |
of total Revenue |
| Other Investment management and performance fees segments |
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-0.07 % |
of total Revenue |
| Other Distribution and servicing segments |
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0.04 % |
of total Revenue |
| Total Segments |
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100 % |
of total Revenue |
| Securities Services |
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48.73 % |
of total Revenue |
| Market and Wealth Services |
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33.41 % |
of total Revenue |
| Investment and Wealth Management |
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17.87 % |
of total Revenue |
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1.3%