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Bank of New York Mellon Corp Stock Research

BK

40.78USD+0.40(+0.99%)Market Closed

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
110.5B
39.0B
-1.35% 5.43%
10.47
2.83
-18.28% -43.67%
100.8B
17.4B
3.32% 6.04%
20.57
5.79
-11.48% -20.19%
99.6B
21.2B
6.07% -21.09%
13.86
4.8
14.77% 27.91%
35.9B
16.8B
-1.55% -9.11%
13.95
2.19
5.51% -23.00%
23.0B
12.2B
-1.93% -1.68%
8.47
1.89
0.08% -2.12%
MID-CAP
8.5B
3.5B
1.77% 31.69%
4.63
3.18
133.79% 12.59%
7.7B
1.9B
0.40% 0.87%
19.52
4.07
-8.09% -35.44%
6.6B
4.7B
-0.28% -9.28%
9.92
1.43
-0.66% -21.72%
5.4B
2.3B
2.26% 7.32%
4.75
2.34
-3.43% 102.56%
4.3B
2.1B
2.95% -1.60%
15.81
2.09
-24.19% -55.18%
2.1B
646.6M
-7.79% 39.35%
21.45
3.26
15.54% 72.98%
1.7B
64.5B
-14.01% 12.32%
7.79
0.03
22.22% 49.25%
SMALL-CAP
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
879.5M
16.9M
6.91% 2.30%
-58.76
52.07
-24.32% -161.15%
742.8M
305.0M
9.41% -21.41%
14.66
2.47
-2.06% 216.45%

Financials for Bank of New York Mellon

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue2.7%16,81416,37716,47416,23015,936
Interest Expenses12.1%3,5043,1252,8402,661-
Net Income7.9%2,7762,5732,8933,4523,605
Net Income Margin-10.5%0.16*0.18*0.21*0.23*-
Free Cahsflow-1.4%13,72213,9109,9818,175-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets4.8%425,112405,783427,953452,621473,811
    Cash Equivalents99.3%10,0235,0304,7075,1856,143
  Net PPE-0.2%3,2483,2563,3113,3543,359
  Goodwill0.3%16,19216,15016,41217,27117,462
Liabilities5.3%384,310364,933388,057411,476431,659
  Long Term Debt0.1%30,48930,45827,82027,61025,246
Shareholder's Equity-0.1%40,70640,73439,73740,99141,997
  Retained Earnings1.6%38,46537,86437,66037,64437,088
  Additional Paid-In Capital0.5%28,65028,50828,37428,31628,258
Shares Outstanding0.0%811811809--
Minority Interest928.6%72.007.007.007.00198
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-10.9%13,43115,06815,27311,6029,441
Cashflow From Investing81.3%36,02319,87414,681-8,822-18,907
Cashflow From Financing-46.6%-49,336-33,654-31,631-2,9449,653
  Dividend Payments2.2%1,1911,1651,1401,1331,127
  Buy Backs917.7%1,2621241,3713,3713,986

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 ascendingFund NameType% 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
-
-%

1–10 of 45

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

Seeking Alpha
State Street Stock: Looks Intriguing Trading At Book Value (NYSE:STT).
Seeking Alpha,
2 hours ago

Schedule 13G FIlings of Bank of New York Mellon

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Thomas P. Gibbons
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 fees776783883
Foreign exchange revenue176190207
Financing-related fees524345
Distribution and servicing fees333330
Total fee revenue3,1563,2223,158
Investment and other revenue79(360)70
Total fee and other revenue3,2352,8623,228
Net interest revenue   
Interest revenue3,9423,197778
Interest expense2,8142,14180
Net interest revenue1,1281,056698
Total revenue4,3633,9183,926
Provision for credit losses27202
Noninterest expense   
Staff1,7911,8021,702
Software and equipment429432399
Professional, legal and other purchased services375415370
Net occupancy119143122
Sub-custodian and clearing118112118
Distribution and servicing858679
Bank assessment charges401935
Business development394530
Amortization of intangible assets141617
Other90143134
Total noninterest expense3,1003,2133,006
Income   
Income before income taxes1,236685918
Provision for income taxes260142153
Net income976543765
Net loss attributable to noncontrolling interests related to consolidated investment management funds008
Net income applicable to shareholders of The Bank of New York Mellon Corporation976543773
Preferred stock dividends(71)(34)(74)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation905509699
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 Corporation905509699
Less: Earnings allocated to participating securities000
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)803,340811,669809,469
Common stock equivalents (shares)4,4734,2754,878
Less: Participating securities (shares)(95)(98)(361)
Diluted (shares)807,718815,846813,986
Anti-dilutive securities (shares)[1]4,8722,1702,647
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 banks117,04291,655
Interest-bearing deposits with banks, net of allowance for credit losses of $28 and $4 (includes restricted of $4,459 and $6,499)15,11417,169
Federal funds sold and securities purchased under resale agreements26,89424,298
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)54,56156,194
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)84,11786,622
Total securities138,678142,816
Trading assets9,0249,908
Loans62,32366,063
Allowance for credit losses(170)(176)
Net loans62,15365,887
Premises and equipment3,2483,256
Accrued interest receivable978858
Goodwill16,19216,150
Intangible assets2,8902,901
Other assets, net of allowance for credit losses on accounts receivable of $5 and $4 (includes $1,074 and $971, at fair value)27,33525,855
Total assets425,112405,783
Deposits:  
Noninterest-bearing (principally U.S. offices)70,24678,017
Interest-bearing deposits in U.S. offices120,207108,362
Interest-bearing deposits in non-U.S. offices90,84192,591
Total deposits281,294278,970
Federal funds purchased and securities sold under repurchase agreements26,54012,335
Trading liabilities5,7055,385
Payables to customers and broker-dealers22,59823,435
Other borrowed funds2,538397
Accrued taxes and other expenses4,7325,410
Other liabilities (including allowance for credit losses on lending-related commitments of $83 and $78, also includes $314 and $221, at fair value)10,4148,543
Long-term debt30,48930,458
Total liabilities384,310364,933
Temporary equity  
Redeemable noncontrolling interests96109
Permanent equity  
Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 48,826 and 48,826 shares4,8384,838
Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,401,562,581 and 1,395,725,198 shares1414
Additional paid-in capital28,65028,508
Retained earnings38,46537,864
Accumulated other comprehensive loss, net of tax(5,543)(5,966)
Less: Treasury stock of 612,428,769 and 587,280,598 common shares, at cost(25,790)(24,524)
Total The Bank of New York Mellon Corporation shareholders’ equity40,63440,734
Nonredeemable noncontrolling interests of consolidated investment management funds727
Total permanent equity[1]40,70640,741[2]
Total liabilities, temporary equity and permanent equity$ 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.