Bank Of New York Mellon Corp: (NYSE: BK)

$29.74

-0.03 (-0.10%)

Volume 1,198,286

Jun 19 11:42 AM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		29.46 - 29.80
	
		52wk Low - High
		20.13 - 30.85
	
		Previous Close
		29.77
	
		Avg. Volume
		5,435,949
	
		Industry
		BANKS-MAJOR REGIONAL
	
		Market Cap
		34.55 B
	
		Div - Yield
		0.60 - 2.02
	
		Beta
		0.90
	
		P/E (F1)
		13.22
	
		Current Year Est.
		2.25
	
		Quarterly Earnings ESP 
		1.72%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. 

                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		3
Hold

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
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The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

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		Neutral
	
		Zacks Industry Rank Which industries are set to outperform or underperform the market? You'll find the answer here. We have broken down all industries into over 200 classifications. Then ranked these industries using the most powerful indicator we know (the Zacks Rank). The higher the industry rank, the better the industry should perform in the future. Once you have found an attractive industry then check out the Rank in Industry to find the best stocks within the industry.
When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

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                                                                Zacks Industry Rank - All current industry ranks. 

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		78 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

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                Key Earnings Data
            
                            P/E (F1)
                            13.22
                        
                            PEG Ratio
                            1.24
                        
                            Current Year Est.
                            2.25
                        
                            Current Quarter Estimate
                            0.58
                        
                            Most Accurate Estimate
                            0.59
                        
                            Earnings ESP 
                            1.72%
                        
                            Next Earnings Report Date
                            07-17-2013
                        
                            EPS Last Year
                            2.30
                        
                            Expected Earnings Growth
                            10.63%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
Bank of New York is a bank holding company and one of the world's larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide.  Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking.   
Full BK Company Report

 Analyst Report on BK

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            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
BK Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Average Estimate	0.58	0.59	2.25	2.55
Number of Estimates	12	11	14	14
Low Estimate	0.54	0.53	2.15	2.40
High Estimate	0.62	0.63	2.37	NA
Year Ago EPS	0.57	0.63	2.53	2.25
EPS Growth	1.90%	-6.20%	-11.01%	13.39%

More BK Estimates

Average Earnings Estimates for BK

EPS Growth for BK

Industry Analysis

Name	Symbol	Previous Close
BANK OF NY MELL	BK	29.77
COMERICA INC	CMA	37.76
JPMORGAN CHASE	JPM	54.11
KEYCORP NEW	KEY	10.50
PNC FINL SVC CP	PNC	71.74
BANK OF AMER CP	BAC	13.27
BANKUNITED INC	BKU	25.52
CITIGROUP INC	C	50.01
FIFTH THIRD BK	FITB	18.40
M&T BANK CORP	MTB	104.13

Sector:Finance>> Industry:BANKS-MAJOR REGIONAL

COMPARE TICKER vs. Its Peers

Zacks Commentary

BNY Mellon Stays Neutral

Jun 14, 2013

S&P Outlook on U.S. Banking Giants

Jun 12, 2013

Splunk's Loss Widens in 1Q

May 31, 2013

The Zacks Analyst Blog Highlights: Bank of New York Mellon, JPMorgan Chase, Goldman Sachs Group, DDR and Blackstone Group

May 24, 2013

BNY Mellon to Boost Workforce

May 23, 2013

Wells Fargo in $105M Settlement

May 02, 2013

SunTrust Beats on Earnings, Rev Lags

Apr 19, 2013

State Street Beats Earnings, Revs In Line

Apr 19, 2013

More BK Zacks Commentary

Financials

EPS TTM	2.30
Sales	14,900
Net Income	1,573
Price/Earnings	12.94
Price/Book	0.98
Price/Cash Flow	8.17
Price/Sales	2.32

More BK Financials

News

BNY Mellon Retains Top Spot as Biggest Fund of Hedge Funds Administrator - Pr Newswire

Jun 19, 2013

Canadian Banc Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share - Marketwire Canada

Jun 19, 2013

Watch for Bank of New York Mellon to Potentially Pullback After Gaining 1.36% Yesterday - Comtex Smartrend(R)

Jun 18, 2013

Watch for Bank of New York Mellon to Potentially Pullback After Gaining 1.36% Yesterday - Comtex Smartrend(R)

Jun 18, 2013

1st LD Writethru: Dollar rises against most currencies as Fed policy meeting nears - Xinhua

Jun 17, 2013

DJ BASE METALS HIGHLIGHTS: Top Stories Of The Day - Dowjones

Jun 17, 2013

Eagle Receives Top Honor for Performance Measurement Excellence at FSOkx Awards - Cnw Group

Jun 17, 2013

Eagle Receives Top Honor for Performance Measurement Excellence at FSOkx Awards - Pr Newswire

Jun 17, 2013

See All News Stories on BK

Broker Recommendations

Current ABR	2.69
ABR (Last Week)	2.69
# of recs in ABR	17
Average Target Price	28.93
Industry Rank by ABR	78 out of 265
Rank in Industry	5 out of 16

More BK Broker Recommendations

Day Low - High	29.46 - 29.80
52wk Low - High	20.13 - 30.85
Previous Close	29.77
Avg. Volume	5,435,949
Industry	BANKS-MAJOR REGIONAL
Market Cap	34.55 B
Div - Yield	0.60 - 2.02
Beta	0.90
P/E (F1)	13.22
Current Year Est.	2.25
Quarterly Earnings ESP	1.72%

P/E (F1)	13.22
PEG Ratio	1.24
Current Year Est.	2.25
Current Quarter Estimate	0.58
Most Accurate Estimate	0.59
Earnings ESP	1.72%
Next Earnings Report Date	07-17-2013
EPS Last Year	2.30
Expected Earnings Growth	10.63%

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Bank Of New York Mellon Corp: (NYSE: BK)

$29.74

-0.03 (-0.10%)

Volume 1,198,286

Jun 19 11:42 AM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks Recommendation Long-Term: 6+ Months

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description

Earnings Estimates

Industry Analysis

Sector:Finance>> Industry:BANKS-MAJOR REGIONAL

Zacks Commentary

Financials

News

Broker Recommendations