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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 $55.49, down 1.07% from the previous day, and has increased 9.84% in one year. It has underperformed other stocks in the Asset Management industry by 0.01 percentage points. Bank Of New York Mellon stock is currently +39.95% from its 52-week low of $39.65, and -1.66% from its 52-week high of $56.43.

As of Mar 1, 2024, there are 754.44M shares of BK outstanding. The market cap of BK is $41.86B. In the last 24 hours, 2.83M 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.
  1. 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.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Choose your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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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 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.

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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
$55.49
1w %
-0.27%
1y %
9.84%
5y %
5.31%
P/E
14.26x
P/B
1.02x
P/S
2.49x
PEG
0.64x
Revenue
$17.50B
Earnings
$3.05B
Fore. Rev. Growth
2.25%
Fore. Earn. Growth
24.71%
Market Cap
$41.86B
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 14.26x, relative to Asset Management industry P/E ratio of -128.89x
  • BK could be undervalued based on its P/B ratio of 1.02x, relative to Asset Management industry P/B ratio of 2.38x
  • BK could be undervalued based on its PEG ratio of 0.64x

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 5 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.

You can dive deeper into what analysts are forecasting on the Bank Of New York Mellon stock forecast page.

Metrics for Advanced BK Traders

SMA10
55.42
SMA20
55.24
SMA50
54.22
SMA100
49.9
SMA200
46.85
MACD
0.41
MACD Signal
0.46
MACD Histogram
-0.04
RSI
55.26
Stochastic %K
82.76
Stochastic %D
80.68
StochRSI %K
65.71
StochRSI %D
64.88

How are BK Revenues/Earnings doing?

Last year, BK earnings were $3.05B. In the last 5 year, BK's earnings have grown by -0.85% per year. This was slower than the Asset Management industry average of 8.67%.

Last year, BK revenue was $17.50B. Over the past 5 year, BK's revenue has increased by 1.32% per year. This was slower than the Asset Management industry average of 20.42%.

Dive into BK's earnings and revenue performance here.

Are BK executives and large shareholders buying or selling the stock?

Over the last 12 months, insiders at BK have sold more shares than they have bought.

Jayee Koffey, Sr. Exec. Vice President of BK, was the latest BK insider to sell. They sold $72,610.20 worth of BK stock on Feb 28, 2024.

Dig into more about who owns BK shares here.

Does BK stock generate passive income?

Bank Of New York Mellon pays a dividend of 2.94%, compared to the Asset Management industry's average dividend yield of 6.74%. If you owned $1,000 worth of BK stock, you would have received $29.37 in the past 12 months.

Bank Of New York Mellon dividend payments have consistently grown over the past decade and have remained stable.

Dig into more info about Bank Of New York Mellon dividend yield and history here.

What do other traders have to say about BK?

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Place your BK purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.

Press the Open button and your broker will execute your order.

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Step 6: Get the latest news on your investment in BK

Now that you own some BK shares, you'll want to stay up-to-date on your new investment.

Start a watchlist to get notified of the latest news about your BK stock.

BK Feed

How to Buy Stock in Bank Of New York Mellon

To reiterate, here are the 6 steps you need to take to buy Bank Of New York Mellon stock right now:

  1. Figure out where to buy Bank Of New York Mellon stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Analyze Bank Of New York Mellon stock
  5. Place your BK purchase
  6. Get the latest news on your investment in BK

If you require a brokerage, eToro is our recommended venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Bank Of New York Mellon, click the button below.

NYSE: BK
$55.49-0.60 (-1.07%)
Updated Mar 1, 2024
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NYSE: BK
$55.49-0.60 (-1.07%)
Updated Mar 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Bank Of New York Mellon share?

As of Mar 1, 2024, it costs $55.49 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 0.18 shares of BK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Bank Of New York Mellon stock?

According to 5 Wall Street analysts who monitor Bank Of New York Mellon, their consensus recommendation is to buy Bank Of New York Mellon stock.

What is the best way to buy Bank Of New York Mellon stock?

One way to place an order for Bank Of New York Mellon stock is with a brokerage account.
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.