Bank of New York Mellon
BK

$66.41

2.34%

Market Cap: $49.7B

About: BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with $47.8 trillion in under custody or administration (as of Dec. 31, 2023), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.0 trillion in assets.

Employees: 52,100

Financials State Commercial Banks

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

57% more funds holding in top 10

Funds holding in top 10: 14 [Q1] → 22 (+8) [Q2]

25% more call options, than puts

Call options by funds: $204M | Put options by funds: $163M

6% more capital invested

Capital invested by funds: $35.5B [Q1] → $37.6B (+$2.04B) [Q2]

2.01% more ownership

Funds ownership: 81.85% [Q1] → 83.86% (+2.01%) [Q2]

0% less funds holding

Funds holding: 1,219 [Q1] → 1,213 (-6) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 437 | Existing positions reduced: 440

6% less first-time investments, than exits

New positions opened: 102 | Existing positions closed: 108

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$61

8%

downside

Avg. target

$68

2%

upside

High target

$75

13%

upside

10 analyst ratings

3 positive

30%

7 neutral

70%

0 negative

0%

Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target	1%downside $66	Hold Maintained	15 Aug 2024
Morgan Stanley Betsy Graseck 51% 1-year accuracy 27 / 53 met price target	8%upside $72	Equal-Weight Maintained	30 Jul 2024
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target	5%downside $63	Hold Maintained	15 Jul 2024
Evercore ISI Group Glenn Schorr 73% 1-year accuracy 16 / 22 met price target	1%downside $66	In-Line Maintained	15 Jul 2024
Keefe, Bruyette & Woods David Konrad 70% 1-year accuracy 14 / 20 met price target	13%upside $75	Outperform Reiterated	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 16 articles about BK published over the past 30 days

Zacks Investment Research

BNY Mellon Signs an Agreement to Take Over Archer Holdco

BK's acquisition of Archer, a service provider of managed account solutions, should help it enhance its enterprise platform to support retail managed accounts.

BNY Mellon Signs an Agreement to Take Over Archer Holdco

Zacks Investment Research

The Bank of New York Mellon Corporation (BK) Is Up 2.74% in One Week: What You Should Know

Does The Bank of New York Mellon Corporation (BK) have what it takes to be a top stock pick for momentum investors? Let's find out.

The Bank of New York Mellon Corporation (BK) Is Up 2.74% in One Week: What You Should Know

BNY to Acquire Archer, a Leading Provider of Managed Account Solutions to the Asset and Wealth Management Industry

The acquisition will enhance BNY's capabilities across the entire managed account ecosystem, including manufacturing, distribution and servicing Archer's fully integrated, cloud-based platform provides asset and wealth managers with a multi-product and multi-channel solution NEW YORK , Sept. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced BNY has entered into a definitive agreement to acquire Archer Holdco, LLC ("Archer"), a leading technology-enabled service provider of managed account solutions to the asset and wealth management industry.

BNY to Acquire Archer, a Leading Provider of Managed Account Solutions to the Asset and Wealth Management Industry

Zacks Investment Research

4 Stocks Trading Near 52-Week High That Can Climb Further

Investors target stocks that have been on a bullish run lately. Stocks like WWW, NCLH, CCS and BK are seeing price strength, and the momentum is likely to continue.

4 Stocks Trading Near 52-Week High That Can Climb Further

Zacks Investment Research

The Bank of New York Mellon (BK) Upgraded to Strong Buy: What Does It Mean for the Stock?

The Bank of New York Mellon (BK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

The Bank of New York Mellon (BK) Upgraded to Strong Buy: What Does It Mean for the Stock?

BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable October 1, 2024 to shareholders of record on September 16, 2024, with an ex-dividend date of September 16, 2024. Fund Ticker Monthly Distribution Pe.

BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution

NEW YORK--(BUSINESS WIRE)--On August 29, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a distribution of $2.00 per share of common stock, payable on September 27, 2024, to shareholders of record at the close of business on September 13, 2024. The ex-dividend date is September 13, 2024. The previous dividend declared in May was a quarterly distribution of $2.00 per share of common stock. The Fund intends to distribute all or a portion of its net inves.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution

Zacks Investment Research

BNY Mellon Stock Touches All-Time High: Should You Still Invest?

Driven by the Fed's rate cut decision, the BK stock has been surging, touching its all-time high. Its fundamental strength makes it an attractive pick now.

BNY Mellon Stock Touches All-Time High: Should You Still Invest?

Zacks Investment Research

BNY Mellon to Pay $5M Civil Penalty to CFTC for Swap Reporting Lapses

BK agrees to pay $5 million to settle CFTC's charges that the bank failed to report millions of swap transactions.

BNY Mellon to Pay $5M Civil Penalty to CFTC for Swap Reporting Lapses

Bank of New York Mellon to pay $5 mln over swap reporting, supervision failures, CFTC says

The Bank of New York Mellon has agreed to pay $5 million to settle U.S. Commodity Futures Trading Commission charges for repeatedly failing to correctly report millions of swap transactions, violating a previous order, the regulator said in a statement on Monday.

Bank of New York Mellon to pay $5 mln over swap reporting, supervision failures, CFTC says

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