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The Bank of New York Mellon (BK)

(Delayed Data from NYSE)

$56.29 USD

56.29
4,388,242

+1.04 (1.88%)

Updated Apr 19, 2024 04:00 PM ET

After-Market: $56.29 0.00 (0.00%) 7:26 PM ET

Zacks Rank:

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
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 16% (40 out of 250)

Industry: Banks - Major Regional

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Zacks News

Headquartered in New York and formed as a holding company for The Bank of New York Mellon, The Bank of New York Mellon Corporation (popularly known as BNY Mellon) is a financial services company that has been in business since 1784. The company was incorporated on Jul 1, 2007, following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation. BNY Mellon operates in 35 countries and provides various products and services to individuals and institutions in more than 100 markets worldwide. The company’s global client base consists of financial institutions, corporations, government agencies, endowments and foundations as well as high-net-worth individuals.

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

Higher fee income and solid improvement in AUM and AUC/A balances drive BNY Mellon's (BK) Q1 earnings. On the other hand, lower NIR and a rise in expenses act as spoilsports.

The Bank of New York Mellon (BK) Reports Q1 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for The Bank of New York Mellon (BK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM

An increase in fee income and solid improvement in AUM and AUC/A balances support BNY Mellon's (BK) Q1 earnings, while lower NIR and a rise in expenses act as undermining factors.

The Bank of New York Mellon Corporation (BK) Q1 Earnings and Revenues Surpass Estimates

The Bank of New York Mellon (BK) delivered earnings and revenue surprises of 8.40% and 2.91%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Why BNY Mellon (BK) Might Surprise This Earnings Season

BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid

Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the first quarter of 2024 due to higher deposit costs.

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5 U.S. Bigwigs Likely to Gain on Q1 Earnings Beat This Week

We have narrowed our search to five large-cap stocks that are poised to beat on earnings results this week. These are: BAC, JNJ, UAL, PNC, BK.

State Street (STT) Gains on Q1 Earnings Beat, Y/Y Revenue Rise

State Street (STT) records increased revenues and expenses in the first quarter of 2024.

Stay Ahead of the Game With The Bank of New York Mellon (BK) Q1 Earnings: Wall Street's Insights on Key Metrics

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The Bank of New York Mellon (BK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Earnings Preview: U.S. Bancorp (USB) Q1 Earnings Expected to Decline

U.S. Bancorp (USB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Bank of New York Mellon Corporation (BK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

The Bank of New York Mellon (BK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Bank of New York Mellon Corporation (BK) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes? Let's find out.

Will The Bank of New York Mellon (BK) Beat Estimates Again in Its Next Earnings Report?

The Bank of New York Mellon (BK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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What Will the FOMC Do in 2024?

Bond and stock traders fell in line -- with Fed consensus. For now.

WisdomTree (WT) Obtains Trust Company Charter From New York DFS

WisdomTree (WT) receives the charter from New York State DFS to operate as a limited-purpose trust company. The move aligns with its growth strategy and enables the launch of WisdomTree Prime.

Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes? Let's find out.

BNY Mellon (BK) Partners With CIFC to Boost Private Credit

BNY Mellon (BK) partners with alternative credit specialist CIFC to enhance product offerings and boost private credit presence. This initiative is in line with the company's expansion efforts.

The Zacks Analyst Blog Highlights The Bank of New York Mellon, Seven and I Holdings and Veeva Systems

The Bank of New York Mellon, Seven and I Holdings and Veeva Systems are included in this Analyst Blog.

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The "Dot Plot" Shall Land: Global Week Ahead

Wednesday's Fed meeting is all about gauging policymakers' views on the timing of rate cuts, the resilience of the U.S. economy, and the possibility of an inflationary rebound.

Northern Trust (NTRS) Rides on Loan Growth, High Costs Ail

Northern Trust (NTRS) benefits from improved loan demand and high interest rates. However, rising expenses and poor asset quality are major headwinds.

Zacks Market Edge Highlights: Bank of New York Mellon, Coinbase Global, The Gap, PACCAR and Block

Bank of New York Mellon, Coinbase Global, The Gap, PACCAR and Block are part of the Zacks Market Edge blog.

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5 Strong Buy Stocks Hitting 52-Week Highs

What top stocks are breaking out in 2024?

U.S. Bancorp (USB) Rides on Loans, Fee Income Amid High Costs

U.S. Bancorp's (USB) strong loan pipeline, stable deposits, diversified revenues and improving fee income support its top line. However, high costs and a concentrated loan portfolio remain challenges.

New York Community (NYCB) Receives $1B Equity Capital Raise

New York Community (NYCB) gets a capital injection of $1 billion that will help it absorb potential loan losses related to commercial real estate loans.

Why The Bank of New York Mellon Corporation (BK) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes? Let's find out.