Bank Of New York Mellon is a asset management company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker BK on the NYSE exchange.
Bank Of New York Mellon stock last closed at $57.62, up 1.21% from the previous day, and has increased 31.22% in one year. It has overperformed other stocks in the Asset Management industry by 0.05 percentage points. Bank Of New York Mellon stock is currently +45.32% from its 52-week low of $39.65, and -0.46% from its 52-week high of $57.89.
As of Mar 28, 2024, there are 754.44M shares of BK outstanding. The market cap of BK is $43.47B. In the last 24 hours, 2.92M BK shares were traded.
How to Buy Bank Of New York Mellon Stock
Not sure how to invest in Bank Of New York Mellon stock? Here's how.
Figure out where to buy Bank Of New York Mellon stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Bank Of New York Mellon stock.
Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
Fund your investment account: Choose your method of payment and add your information.
Analyze Bank Of New York Mellon stock: The Bank Of New York Mellon ticker symbol is BK. Is Bank Of New York Mellon stock a good investment? Should you buy shares of BK? How do BK's underlying business fundamentals look? Do top analysts think Bank Of New York Mellon is a good buy? Why has BK's stock price moved recently? (Hint: Our stock research website can help you decide if BK is a good stock to buy).
Place your BK purchase: Decide if you will purchase BK shares at the current market price or use a limit order to buy BK shares at a given price.
Get the latest news on your investment in BK: Create a watchlist to get the latest news on your new investment in Bank Of New York Mellon stock.
Step 1: Figure out where to buy Bank Of New York Mellon stock
You will need a brokerage account in order to access the NYSE market and buy BK stock.
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Step 2: Create your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you can invest in BK stock today.
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Step 4: Analyze Bank Of New York Mellon stock
Once you have identified the best place to buy Bank Of New York Mellon stock, it's crucial to analyze their stock before you buy, so you truly wrap your head around the risk and opportunity.
Bank Of New York Mellon stock at a glance
BK Price
$57.62
1w %
0.59%
1y %
31.22%
5y %
14.35%
P/E
14.81x
P/B
1.06x
P/S
2.58x
PEG
0.67x
Revenue
$17.50B
Earnings
$3.05B
Fore. Rev. Growth
2.2%
Fore. Earn. Growth
24.71%
Market Cap
$43.47B
Next Earnings
Apr 16, 2024
Next Dividend
N/A
BK Fundamentals
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on BK's stock page.
How is BK stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge BK's fair value.
Using relative valuations ratios:
BK could be undervalued based on its P/E ratio of 14.81x, relative to Asset Management industry P/E ratio of 32.13x
BK could be undervalued based on its P/B ratio of 1.06x, relative to Asset Management industry P/B ratio of 2.46x
BK could be undervalued based on its PEG ratio of 0.67x
You can access additional valuation analysis on BK's stock here.
BK Financial Health
Passed Financial Due Diligence Checks:
BK profit margin has gone up from 14.4% to 17.4% in the past year.
BK earnings of $4.09B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
BK has a relatively high debt to equity ratio of 9.03.
BK's operating cash flow of $5.91B allows it to safely service it's debt of $46.24B.
Total BK debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Bank Of New York Mellon stock, according to Wall Street analysts?
Out of 6 Equities analysts who track BK, the consensus analyst rating on BK is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent BK Analyst Recommendations
Brian Bedell, a top 6% analyst from Deutsche Bank maintains BK with a hold rating and lowers their BK price target from $45.00 to $44.00, on Oct 11, 2023.
Last year, BK earnings were $3.05B. In the past 5 year, BK's earnings have gone up by -0.85% per year. This was slower than the Asset Management industry average of 6.92%.
Last year, BK revenue was $17.50B. In the last 5 year, BK's revenue has gone up by 1.32% per year. This was slower than the Asset Management industry average of 20.13%.
Bank Of New York Mellon pays a dividend of 2.83%, compared to the Asset Management industry's average dividend yield of 6.88%. If you owned $1,000 worth of BK stock, you would have been paid $28.29 last year.
Bank Of New York Mellon dividend payments have consistently grown over the past decade and have remained stable.
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Step 5: Place your BK purchase
You have two main options:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are mostly the easiest way to buy.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
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How much does it cost to buy one Bank Of New York Mellon share?
As of Mar 28, 2024, it costs $57.62 to buy one share of Bank Of New York Mellon stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.174 shares of BK.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.