Bank of New York Mellon Corp
🏦 Bank of New York Mellon Corp (BK) operates as a holding company with four segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other.
📅 Founded by Alexander Hamilton on June 9, 1784, the company is headquartered in New York, NY.
📊 BK is categorized as a large capitalization stock with a market cap between $10 billion and $200 billion.
📈 The stock is currently trading near the top of its 52-week range and above its 200-day simple moving average.
📉 Shares decreased by $1.02 or 0.79% since the market last closed before rising $0.44 in after-hours trading.
🏦 BNY Mellon provides global custody, fund accounting, investment management, and wealth planning services to institutional and retail clients.
💰 Total revenue stood at $40.55 billion for the trailing year and $10.11 billion for the fourth quarter, remaining flat compared to previous periods.
📈 Net income increased 22.49% year-over-year, while earnings per share rose 27.73% annually but 7.74% from the prior quarter.
🔁 Goldman Sachs and Barclays reaffirmed their Buy ratings on BK despite mixed opinions from other major financial institutions.
💰 JPMorgan raised its price target to $130.50, while Truist increased its target to $140, contrasting with Morgan Stanley lowering its target to $135.
🔒 A federal judge dismissed all claims in an Epstein victims' lawsuit against BNY Mellon, according to Bloomberg reports.
💰 The company is planning a new Series M Preferred Stock offering for investors.
🏦 Competitors operate within the Finance sector and Investment Banks/Brokers group alongside BK.
- Bank of New York Mellon (BK) is trading near the top of its 52-week range and above its 200-day simple moving average, indicating strong momentum.
- The stock has risen $0.44 in after-hours trading following a slight intraday decrease, showing resilience.
- Goldman Sachs reaffirmed their Buy Rating for Bank of New York Mellon (BK), reflecting confidence in the company's outlook.
- BNY Mellon price target was raised to $130.50 from $128.50 at JPMorgan, signaling analyst optimism about upside potential.
- Analyst lists continue to feature BNY Mellon as a top pick alongside industry leaders like KKR & Co (KKR).
- Barclays reaffirmed their Buy Rating on Bank of New York Mellon (BK), further validating its investment appeal.
- JPMorgan raised the price target for BK to $130.50 from $125, demonstrating growing conviction in its value.
- The Treasury Department designates BNY as financial agent for 'Trump Accounts', highlighting a new strategic role and growth opportunity.
- BNY Mellon establishes New Series M Preferred Stock offering, indicating active capital management and shareholder-friendly initiatives.
- Judge dismisses all claims against BNY in Epstein victims' suit, removing a significant legal overhang and potential liability risk.
- BNY Mellon, BofA win dismissal of Epstein victims' lawsuit, Bloomberg reports, further clearing path for clean operations.
- Total revenue holds flat at $40.55B (1Y) while Net Income increased 22.49% since last year, showcasing improved profitability and cost efficiency.
- Earnings per share increased 27.73% since last year to $7.40, reflecting strong operational performance and earnings growth.
- EPS increased 7.74% since last quarter to $2.02, demonstrating continued quarterly earnings expansion.
- Morgan Stanley Investment Management launches Morgan Stanley Bitcoin Trust with BNY Mellon-related institutional interest in digital asset infrastructure.
- BK is trading near the top of its 52-week range, which may indicate limited upside potential and a higher risk of price correction.
- The stock has decreased $1.02 (0.79%) since the market last closed, showing recent downward pressure despite after-hours gains.
- BNY Mellon established new Series M Preferred Stock offering, which may signal concerns about raising capital through equity rather than retaining earnings for organic growth.
- State Street was upgraded to Neutral from Underperform at BofA, highlighting potential relative weakness or sector rotation pressures that could affect BK sentiment.
- Wells Fargo reaffirmed their Hold rating on Bank of New York Mellon (BK), and RBC Capital gave it a Hold rating, indicating a lack of strong buy-side consensus among major analysts.
- Citi sticks to its Hold rating for Bank of New York Mellon (BK) while Morgan Stanley remains on a Hold rating, suggesting caution from key institutional investors.
- Total revenue has remained flat year-over-year and quarter-over-quarter at $40.55B (1Y) and $10.11B (Q4) respectively, indicating stagnant growth momentum.
- A Bloomberg report dismisses all claims against BNY in Epstein victims' suit, which could be a reputational concern even though legal exposure is being removed.
