Bank of New York Mellon
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 $52.1 trillion in under custody or administration (as of September 2024), 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 $2.1 trillion in assets.
Employees: 52,600
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $307M | Put options by funds: $195M
34% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 102
14% more capital invested
Capital invested by funds: $38.2B [Q2] → $43.5B (+$5.3B) [Q3]
3% more funds holding
Funds holding: 1,227 [Q2] → 1,262 (+35) [Q3]
3.19% less ownership
Funds ownership: 85.25% [Q2] → 82.06% (-3.19%) [Q3]
9% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 20 (-2) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 420 | Existing positions reduced: 473
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$77
0%
upside
Avg. target
$84
9%
upside
High target
$96
25%
upside
10 analyst ratings
6 positive
60%
4 neutral
40%
0 negative
0%
Morgan Stanley Betsy Graseck 71% 1-year accuracy 34 / 48 met price target | 22%upside $94 | Overweight Upgraded | 9 Dec 2024 |
Keefe, Bruyette & Woods David Konrad 59% 1-year accuracy 17 / 29 met price target | 25%upside $96 | Outperform Maintained | 3 Dec 2024 |
Citigroup Keith Horowitz 62% 1-year accuracy 13 / 21 met price target | 7%upside $82 | Neutral Maintained | 25 Nov 2024 |
Wells Fargo Whit Mayo 59% 1-year accuracy 10 / 17 met price target | 5%upside $81 | Equal-Weight Maintained | 15 Nov 2024 |
Deutsche Bank Brian Bedell 78% 1-year accuracy 31 / 40 met price target | 10%upside $85 | Buy Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 9 articles about BK published over the past 30 days
Positive
Zacks Investment Research
3 days ago
2025 Might Be Great for Banks: 3 Stocks to Invest in Now
Bank stocks like BK, NTRS and SYBT are worth a look for lucrative returns in 2025, given interest rate cuts and expected expansionary fiscal measures.
Neutral
Business Wire
1 week ago
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Quarterly Distribution and Special Year-End Distributions
NEW YORK--(BUSINESS WIRE)--On December 18, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a quarterly distribution of $2.00 per share of common stock. In addition, the Fund declared a special year-end distribution of $5.85 per share of common stock. Each distribution will be payable on January 3, 2025 to shareholders of record at the close of business on December 27, 2024. The ex-dividend date is December 27, 2024. The previous quarterly dividend decl.
Positive
Zacks Investment Research
1 week ago
3 Financial Stocks to Secure Your Investments Before Year-End
Finance stocks are expected to reap the benefits of technology advancements, growing premiums and favorable consumer spending as they head into 2025. However, inflationary challenges might act as a partial offset.
Positive
Forbes
2 weeks ago
What's Driving BNY Mellon Stock's Outperformance?
Custody banking giant BNY Mellon stock (NYSE: BK) has had a solid year, rising by 57% since early January, almost 2x the return of the S&P 500 over the same period, aided by a surge in asset prices globally. In comparison, BNY Mellon's peer BlackRock (NYSE: BLK) is up 34% year-to-date.
Positive
Seeking Alpha
2 weeks ago
Bank of New York Mellon: Still A Buy After The Recent Surge
BNY Mellon, the world's largest custodian bank, has shown strong post-pandemic momentum, consistently beating EPS estimates and growing revenues annually since 2020. Recent strategic expansions and operational improvements have positioned the company for further growth, reflected in a rising valuation. While the stock is currently fairly valued, a projected EPS CAGR of 12% plus robust shareholder returns make a compelling case for long-term investment.
Positive
Reuters
2 weeks ago
BNY CEO optimistic on US economic growth, AI potential
BNY is bracing for a U.S. economic growth boost under the new Donald Trump U.S. presidency, CEO Robin Vince said on Wednesday during an interview at the Reuters NEXT conference in New York.
Neutral
PRNewsWire
2 weeks ago
SANCTUARY WEALTH EXPANDS AND ENHANCES ITS SANCTUARY ONE PLATFORM WITH BNY
Integration of BNY Pershing's Wove Platform Allows Sanctuary Partner Firms to Elevate Client Experience INDIANAPOLIS , Dec. 11, 2024 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), providing elite financial advisors the freedom, flexibility, control and choice to thrive in an evolving industry, has announced the expansion and enhancement of Sanctuary's multi-custodial wealth management platform. By leveraging BNY Pershing's Wove platform, Sanctuary will continue its growth momentum while offering elevated services to its partner firms and their clients.
Neutral
PRNewsWire
3 weeks ago
Rajashree Datta Joins BNY as Deputy Chief Risk Officer
NEW YORK , Dec. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the appointment of Rajashree Datta as Deputy Chief Risk Officer. Ms. Datta will join the company on December 15 and be a member of BNY's Executive Committee.
Neutral
Business Wire
3 weeks ago
BNY and Conduent to Deliver End-to-End Pension Risk Transfer Solution to Support Increasing Transactions among Corporate Pensions
NEW YORK & FLORHAM PARK, N.J.--(BUSINESS WIRE)--The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, and Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, have today announced a strategic alliance to connect insurers and pension acquirers with end-to-end pension risk transfer services in one place. The new strategic alliance combines BNY's leading global payments and cash management capabilities wit.
Neutral
Business Wire
1 month ago
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 December 31, 2024 to shareholders of record on December 13, 2024, with an ex-dividend date of December 13, 2024. Fund Ticker Monthly Distribution Pe.
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