How to Buy Bank Of New York Mellon Stock
Bank Of New York Mellon Corp
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 $45.44, up 1.2% from the previous day, and has decreased 8.44% 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 +25.46% from its 52-week low of $36.22, and -13.05% from its 52-week high of $52.26.
As of Mar 31, 2023, there are 804.2M shares of BK outstanding. The market cap of BK is $36.54B. In the last 24 hours, 4.62M 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.
Our recommended brokerage: eToro
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Open eToro AccountStep 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.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to start a new trading account.
- Submit your information by clicking the "Create Account" button.
Step 3: Fund your investment account
Now that you have finished signing up on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Check out the video below if you need help transferring funds into your new investment account.
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 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 overvalued based on its P/E ratio of 15.62x, relative to Asset Management industry P/E ratio of 1.33x
- BK could be undervalued based on its P/B ratio of 0.9x, relative to Asset Management industry P/B ratio of 1.97x
You can access additional valuation analysis on BK's stock here.
A quick look at BK Financials
Passed Financial Due Diligence Checks:
- BK's operating cash flow of $15.07B allows it to safely service it's debt of $43.19B.
- BK earnings of $3.34B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- Total BK debt is higher than 5 years ago, relative to shareholder equity.
- BK has a relatively high debt to equity ratio of 8.96.
- BK profit margin has gone down from 22.3% to 14.4% in the past year.
Do Wall Street analysts think it's a good time to buy Bank Of New York Mellon stock
Out of 8 Wall Street analysts who give recommendations on BK, the consensus analyst rating on BK is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent BK Analyst Recommendations
Gerard Cassidy, a bottom 13% analyst from RBC Capital maintains BK with a hold rating and lowers their BK price target from $49.00 to $44.00, on Mar 24, 2023.
Betsy Graseck, a bottom 8% analyst from Morgan Stanley maintains BK with a strong sell rating and raises their BK price target from $47.00 to $49.00, on Feb 1, 2023.
Ebrahim Poonawala, a bottom 25% analyst from Bank of America reinstates BK with a strong buy rating and announces their BK price target of $56.00, on Jan 12, 2023.
Alexander Blostein, a top 19% analyst from Goldman Sachs upgrades BK to a strong buy rating and announces their BK price target of $59.00, on Jan 4, 2023.
Steven Chubak, a top 14% analyst from Wolfe Research upgrades BK to a buy rating and announces their BK price target of $60.00, on Jan 4, 2023.
You can dive deeper into what analysts are forecasting on the Bank Of New York Mellon stock forecast page.
BK Technical Indicators
Is BK Making Money?
Last year, BK earnings were $2.36B. During the past 5 year, BK's earnings have gone up by -4.89% per year. This was slower than the Asset Management industry average of 3.32%.
Last year, BK revenue was $16.38B. Over the past five year, BK's revenue has gone up by 1.05% per year. This was slower than the Asset Management industry average of 13.44%.
Find out more about BK's earnings and revenue performance here.
Who is buying/selling BK?
Over the past 12 months, insiders at BK have sold more shares than they have bought.
Emily Hope Portney, Sr. Executive Vice President of BK, was the latest BK insider to sell. They sold $42,230.40 worth of BK shares on Mar 8, 2023.
Get more info about who owns BK stock here.
Does BK stock generate passive income?
Bank Of New York Mellon pays a dividend of 3.19%, compared to the Asset Management industry's average dividend yield of 6.86%. If you owned $1,000 of BK stock, you would have been paid $31.91 in the past 12 months.
Bank Of New York Mellon dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Bank Of New York Mellon dividend yield and history here.
What do other traders have to say about BK?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
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 price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in BK
Now that you own some shares in BK, you'll want to stay up-to-date on your new investment.
Add BK to a watchlist to monitor your BK stock.
BK Feed
How to Buy Stock in Bank Of New York Mellon
To reiterate, here are the 6 steps to buy stock in Bank Of New York Mellon:
- Figure out where to buy Bank Of New York Mellon stock
- Create your brokerage account
- Fund your investment account
- Analyze Bank Of New York Mellon stock
- Place your BK purchase
- Get the latest news on your investment in BK
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Bank Of New York Mellon, create a watchlist today.
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