Bank of New York Mellon Corp Stock Research

Market Summary

USD40.78+0.40

Market Closed

0.99%

BK Stock Price

BK RSI Chart

BK Valuation

Market Cap

35.9B

Price/Earnings (Trailing)

13.95

Price/Sales (Trailing)

2.19

Price/Free Cashflow

2.62

BK Price/Sales (Trailing)

BK Profitability

Return on Equity

6.32%

Return on Assets

0.63%

Free Cashflow Yield

38.24%

BK Fundamentals

BK Revenue

Revenue (TTM)

16.8B

Revenue Y/Y

11.13%

Revenue Q/Q

11.36%

BK Earnings

Earnings (TTM)

2.8B

Earnings Y/Y

26.26%

Earnings Q/Q

79.74%

Price Action

52 Week Range

35.9052.26

(Low)(High)

Last 7 days

-0.3%

Last 30 days

-1.5%

Last 90 days

-19.2%

Trailing 12 Months

-9.1%

BK Financial Health

Debt/Equity

0.75

Debt/Cashflow

0.49

BK Investor Care

Dividend Yield

3.56%

Dividend/Share (TTM)

1.45

Buy Backs (1Y)

3.88%

Diluted EPS (TTM)

3.16

Peers (Alternatives to Bank of New York Mellon)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	110.5B	39.0B	-1.35%	5.43%	10.47	2.83	-18.28%	-43.67%
BLK	100.8B	17.4B	3.32%	6.04%	20.57	5.79	-11.48%	-20.19%
SCHW	99.6B	21.2B	6.07%	-21.09%	13.86	4.8	14.77%	27.91%
BK	35.9B	16.8B	-1.55%	-9.11%	13.95	2.19	5.51%	-23.00%
STT	23.0B	12.2B	-1.93%	-1.68%	8.47	1.89	0.08%	-2.12%
MID-CAP
IBKR	8.5B	3.5B	1.77%	31.69%	4.63	3.18	133.79%	12.59%
SEIC	7.7B	1.9B	0.40%	0.87%	19.52	4.07	-8.09%	-35.44%
SF	6.6B	4.7B	-0.28%	-9.28%	9.92	1.43	-0.66%	-21.72%
AMG	5.4B	2.3B	2.26%	7.32%	4.75	2.34	-3.43%	102.56%
JHG	4.3B	2.1B	2.95%	-1.60%	15.81	2.09	-24.19%	-55.18%
AMK	2.1B	646.6M	-7.79%	39.35%	21.45	3.26	15.54%	72.98%
SNEX	1.7B	64.5B	-14.01%	12.32%	7.79	0.03	22.22%	49.25%
SMALL-CAP
COWN	1.1B	1.5B	0.39%	32.10%	14.3	0.71	-27.22%	-74.14%
AC	879.5M	16.9M	6.91%	2.30%	-58.76	52.07	-24.32%	-161.15%
WETF	742.8M	305.0M	9.41%	-21.41%	14.66	2.47	-2.06%	216.45%

Financials for Bank of New York Mellon

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.7%	16,814	16,377	16,474	16,230	15,936
Interest Expenses	12.1%	3,504	3,125	2,840	2,661	-
Net Income	7.9%	2,776	2,573	2,893	3,452	3,605
Net Income Margin	-10.5%	0.16*	0.18*	0.21*	0.23*	-
Free Cahsflow	-1.4%	13,722	13,910	9,981	8,175	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	4.8%	425,112	405,783	427,953	452,621	473,811
Cash Equivalents	99.3%	10,023	5,030	4,707	5,185	6,143
Net PPE	-0.2%	3,248	3,256	3,311	3,354	3,359
Goodwill	0.3%	16,192	16,150	16,412	17,271	17,462
Liabilities	5.3%	384,310	364,933	388,057	411,476	431,659
Long Term Debt	0.1%	30,489	30,458	27,820	27,610	25,246
Shareholder's Equity	-0.1%	40,706	40,734	39,737	40,991	41,997
Retained Earnings	1.6%	38,465	37,864	37,660	37,644	37,088
Additional Paid-In Capital	0.5%	28,650	28,508	28,374	28,316	28,258
Shares Outstanding	0.0%	811	811	809	-	-
Minority Interest	928.6%	72.00	7.00	7.00	7.00	198

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-10.9%	13,431	15,068	15,273	11,602	9,441
Cashflow From Investing	81.3%	36,023	19,874	14,681	-8,822	-18,907
Cashflow From Financing	-46.6%	-49,336	-33,654	-31,631	-2,944	9,653
Dividend Payments	2.2%	1,191	1,165	1,140	1,133	1,127
Buy Backs	917.7%	1,262	124	1,371	3,371	3,986

Risks for BK

What is the probability of a big loss on BK?

71.9%

Probability that Bank of New York Mellon stock will be more than 20% underwater in next one year

35.4%

Probability that Bank of New York Mellon stock will be more than 30% underwater in next one year.

16.1%

Probability that Bank of New York Mellon stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Bank of New York Mellon was unfortunately bought at previous high price.

Drawdowns

Returns for BK

Cumulative Returns on BK

5.3%

10-Year Cumulative Returns

1.8%

7-Year Cumulative Returns

-4.1%

5-Year Cumulative Returns

6.0%

3-Year Cumulative Returns

What are the long-term rolling returns for BK?

FIve years rolling returns for Bank of New York Mellon.

Annualized Returns

Which funds bought or sold BK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Toroso Investments, LLC	reduced	-10.76	-115,000	938,000	0.02%
2023-05-23	Brookfield Corp /ON/	reduced	-11.83	-1,626,520	11,945,900	0.05%
2023-05-22	Raleigh Capital Management Inc.	added	9.58	50,653	590,567	0.29%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	966,000	0.04%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-32.6	-34,750,500	71,452,500	0.02%
2023-05-22	Arete Wealth Advisors, LLC	added	27.93	-367,835,000	470,000	0.04%
2023-05-22	PUTNAM INVESTMENTS LLC	new	-	2,773,880	2,773,880	-%
2023-05-22	American Trust	reduced	-2.98	-7,171	220,475	0.01%
2023-05-19	AMI INVESTMENT MANAGEMENT INC	reduced	-16.92	-515,887	2,506,490	1.17%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-45,474	-	-%

Latest Funds Activity

Are funds buying BK calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BK

No. of Funds

Bank of New York Mellon News

Schedule 13G FIlings of Bank of New York Mellon

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	dodge & cox	7.4%	59,815,247	SC 13G/A
Feb 14, 2023	berkshire hathaway inc	3.1%	25,069,867	SC 13G/A
Feb 09, 2023	vanguard group inc	8.68%	70,120,078	SC 13G/A
Feb 07, 2023	blackrock inc.	8.0%	64,560,326	SC 13G/A
Feb 14, 2022	dodge & cox	7.1%	58,247,004	SC 13G/A
Feb 09, 2022	vanguard group inc	7.97%	65,812,336	SC 13G/A
Feb 07, 2022	blackrock inc.	6.7%	55,439,159	SC 13G/A
Feb 16, 2021	berkshire hathaway inc	8.4%	74,346,864	SC 13G/A
Feb 11, 2021	dodge & cox	6.9%	61,388,437	SC 13G/A
Feb 10, 2021	vanguard group inc	7.23%	64,062,939	SC 13G/A

BK Fair Value

Recent SEC filings of Bank of New York Mellon

View All Filings

Date Filed	Form Type	Document
May 24, 2023	8-K	Current Report
May 09, 2023	13F-HR	Fund Holdings Report
May 09, 2023	SC 13G	Major Ownership Report
May 09, 2023	SC 13G/A	Major Ownership Report
May 05, 2023	10-Q	Quarterly Report
Apr 28, 2023	13F-HR/A	Fund Holdings Report
Apr 28, 2023	13F-HR/A	Fund Holdings Report
Apr 28, 2023	13F-HR/A	Fund Holdings Report
Apr 26, 2023	8-K	Current Report
Apr 21, 2023	424B5	Prospectus Filed

Latest Insider Trading transactions for BK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-03	Robinson Elizabeth	acquired	7,812	45.15	173	-
2023-04-03	Echevarria Joseph	acquired	76,250	45.15	1,688	-
2023-04-03	IZZO RALPH	acquired	38,750	45.15	858	-
2023-04-03	Goldstein Jeffrey A	acquired	38,750	45.15	858	-
2023-04-03	O'CONNOR SANDRA	acquired	27,500	45.15	609	-
2023-03-08	Portney Emily Hope	sold (taxes)	-42,230	49.8	-848	sr. executive vice president
2023-03-01	McDonogh Dermot	acquired	-	-	27,712	chief financial officer
2023-02-26	Kablawi Hani A.	sold (taxes)	-26,441	50.46	-524	sr. executive vice president
2023-02-24	Anderson Jolen	sold (taxes)	-230,299	50.46	-4,564	senior exec vp
2023-02-24	McCarthy J Kevin	acquired	-	-	24,848	sevp & general counsel

About Bank of New York Mellon

Thomas P. Gibbons

www.bnymellon.com

49100

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services; and clearance and collateral management services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.

BK Income Statement

2023-03-31

Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands, $ in Millions

3 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Mar. 31, 2022

Fee and other revenue

Investment services fees

$ 2,119

$ 2,173

$ 1,993

Investment management and performance fees

776

783

883

Foreign exchange revenue

176

190

207

Financing-related fees

Distribution and servicing fees

Total fee revenue

3,156

3,222

3,158

Investment and other revenue

(360)

Total fee and other revenue

3,235

2,862

3,228

Net interest revenue

Interest revenue

3,942

3,197

778

Interest expense

2,814

2,141

Net interest revenue

1,128

1,056

698

Total revenue

4,363

3,918

3,926

Provision for credit losses

Noninterest expense

Staff

1,791

1,802

1,702

Software and equipment

429

432

399

Professional, legal and other purchased services

375

415

370

Net occupancy

119

143

122

Sub-custodian and clearing

118

112

118

Distribution and servicing

Bank assessment charges

Business development

Amortization of intangible assets

Other

143

134

Total noninterest expense

3,100

3,213

3,006

Income

Income before income taxes

1,236

685

918

Provision for income taxes

260

142

153

Net income

976

543

765

Net loss attributable to noncontrolling interests related to consolidated investment management funds

Net income applicable to shareholders of The Bank of New York Mellon Corporation

976

543

773

Preferred stock dividends

(71)

(34)

(74)

Net income applicable to common shareholders of The Bank of New York Mellon Corporation

905

509

699

Net income applicable to common shareholders of The Bank of New York Mellon Corporation used for the earnings per share calculation

Net income applicable to common shareholders of The Bank of New York Mellon Corporation

905

509

699

Less: Earnings allocated to participating securities

Net income applicable to common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share

$ 905

$ 509

$ 699

Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation

Basic (shares)

803,340

811,669

809,469

Common stock equivalents (shares)

4,473

4,275

4,878

Less: Participating securities (shares)

(95)

(98)

(361)

Diluted (shares)

807,718

815,846

813,986

Anti-dilutive securities (shares)

^[1]

4,872

2,170

2,647

Earnings per share applicable to common shareholders of The Bank of New York Mellon Corporation

Basic (usd per share)

$ 1.13

$ 0.63

$ 0.86

Diluted (usd per share)

$ 1.12

$ 0.62

$ 0.86

[1]	Represents stock options, restricted stock, restricted stock units and participating securities outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.

BK Balance Sheet

2023-03-31

Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions

Mar. 31, 2023

Dec. 31, 2022

Assets

Cash and due from banks, net of allowance for credit losses of $33 and $29

$ 5,564

$ 5,030

Interest-bearing deposits with the Federal Reserve and other central banks

117,042

91,655

Interest-bearing deposits with banks, net of allowance for credit losses of $28 and $4 (includes restricted of $4,459 and $6,499)

15,114

17,169

Federal funds sold and securities purchased under resale agreements

26,894

24,298

Securities:

Held-to-maturity, at amortized cost, net of allowance for credit losses of $1 and less than $1 (fair value of $49,067 and $49,992)

54,561

56,194

Available-for-sale, at fair value (amortized cost of $88,872 and $92,484, net of allowance for credit losses of less than $1 and $1)

84,117

86,622

Total securities

138,678

142,816

Trading assets

9,024

9,908

Loans

62,323

66,063

Allowance for credit losses

(170)

(176)

Net loans

62,153

65,887

Premises and equipment

3,248

3,256

Accrued interest receivable

978

858

Goodwill

16,192

16,150

Intangible assets

2,890

2,901

Other assets, net of allowance for credit losses on accounts receivable of $5 and $4 (includes $1,074 and $971, at fair value)

27,335

25,855

Total assets

425,112

405,783

Deposits:

Noninterest-bearing (principally U.S. offices)

70,246

78,017

Interest-bearing deposits in U.S. offices

120,207

108,362

Interest-bearing deposits in non-U.S. offices

90,841

92,591

Total deposits

281,294

278,970

Federal funds purchased and securities sold under repurchase agreements

26,540

12,335

Trading liabilities

5,705

5,385

Payables to customers and broker-dealers

22,598

23,435

Other borrowed funds

2,538

397

Accrued taxes and other expenses

4,732

5,410

Other liabilities (including allowance for credit losses on lending-related commitments of $83 and $78, also includes $314 and $221, at fair value)

10,414

8,543

Long-term debt

30,489

30,458

Total liabilities

384,310

364,933

Temporary equity

Redeemable noncontrolling interests

109

Permanent equity

Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 48,826 and 48,826 shares

4,838

Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,401,562,581 and 1,395,725,198 shares

Additional paid-in capital

28,650

28,508

Retained earnings

38,465

37,864

Accumulated other comprehensive loss, net of tax

(5,543)

(5,966)

Less: Treasury stock of 612,428,769 and 587,280,598 common shares, at cost

(25,790)

(24,524)

Total The Bank of New York Mellon Corporation shareholders’ equity

40,634

40,734

Nonredeemable noncontrolling interests of consolidated investment management funds

Total permanent equity

^[1]

40,706

40,741

^[2]

Total liabilities, temporary equity and permanent equity

$ 425,112

$ 405,783

[1]	Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $35,896 million at Dec. 31, 2022 and $35,796 million at March 31, 2023.
[2]	Includes total The Bank of New York Mellon Corporation common shareholders’ equity of $34,899 million at Sept. 30, 2022 and $35,896 million at Dec. 31, 2022.