10-May-2024
PRNewswire (Fri, 10-May 9:45 AM ET)
Mastercard's New Tech Could Change How Banks Handle Money and Securities
Benzinga (Wed, 8-May 1:05 PM ET)
BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) Declares Distribution
Business Wire (Wed, 8-May 12:02 PM ET)
BNY Mellon's Pershing Announces the Agenda for INSITE 2024
PRNewswire (Mon, 6-May 9:00 AM ET)
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
Business Wire (Thu, 2-May 5:09 PM ET)
BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
Business Wire (Mon, 29-Apr 4:15 PM ET)
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution
Business Wire (Thu, 25-Apr 5:04 PM ET)
Computershare to buy BNY Trust Company of Canada
Business Wire (Thu, 25-Apr 11:30 AM ET)
BNY Mellon High Yield Strategies Fund Declares Dividend
Business Wire (Wed, 24-Apr 5:03 PM ET)
PRNewswire (Tue, 16-Apr 6:41 AM ET)
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.
Bank Of New York Mellon trades on the NYSE stock market under the symbol BK.
As of May 10, 2024, BK stock price climbed to $58.44 with 3,098,367 million shares trading.
BK has a beta of 0.93, meaning it tends to be less sensitive to market movements. BK has a correlation of 0.33 to the broad based SPY ETF.
BK has a market cap of $43.70 billion. This is considered a Large Cap stock.
Last quarter Bank Of New York Mellon reported $5 billion in Revenue and $1.29 earnings per share. This beat revenue expectation by $147 million and exceeded earnings estimates by $.10.
In the last 3 years, BK stock traded as high as $64.63 and as low as $36.22.
The top ETF exchange traded funds that BK belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
BK has outperformed the market in the last year with a return of +46.6%, while the SPY ETF gained +27.8%. In the last 3 month period, BK beat the market returning +6.6%, while SPY returned +4.2%. However, in the most recent 2 weeks BK has underperformed the stock market by returning +2.0%, while SPY returned +2.5%.
BK support price is $57.62 and resistance is $59.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BK stock will trade within this expected range on the day.