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Last $43.28 USD
Change Today +0.54 / 1.26%
Volume 4.0M
BK On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

bank of new york mellon corp (BK) Snapshot

Open
$42.77
Previous Close
$42.74
Day High
$43.35
Day Low
$42.70
52 Week High
05/4/15 - $43.35
52 Week Low
05/15/14 - $33.27
Market Cap
48.2B
Average Volume 10 Days
5.7M
EPS TTM
$2.66
Shares Outstanding
1.1B
EX-Date
04/30/15
P/E TM
16.3x
Dividend
$0.68
Dividend Yield
1.57%
Current Stock Chart for BANK OF NEW YORK MELLON CORP (BK)

bank of new york mellon corp (BK) Details

The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. The company offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services. It also provides mutual funds, separate accounts, wealth management and private banking services; and broker-dealer services, registered investment advisor services, prime brokerage services, and working capital solutions. In addition, the company is involved in credit-related activities, business exits, leasing operations, and corporate treasury activities; and the provision of global markets and institutional banking services. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

50,500 Employees
Last Reported Date: 04/22/15
Founded in 1784

bank of new york mellon corp (BK) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $1.0M
President and President of BNY Mellon NA
Total Annual Compensation: $650.0K
Vice Chairman, Chief Financial Officer, Vice ...
Total Annual Compensation: $650.0K
Vice Chairman, Vice Chairman of Bny Mellon, N...
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2014.

bank of new york mellon corp (BK) Key Developments

BNY Mellon Partners with Sustainalytics to Provide Environmental, Social and Governance Intelligence

BNY Mellon announced that it has partnered with Sustainalytics to provide environmental, social and governance (ESG) intelligence available to its depositary receipts clients. BNY Mellon is the first depositary bank to offer such services to securities issuers. Momentum is growing both from investors and companies to more carefully consider the implications of ESG factors. The number of institutional signatories participating in the United Nations-backed Principles for Responsible Investment (PRI) Initiative, an international network of investors dedicated to advancing responsible investment practices, grew by 19% last year and now includes more than 1,300 signatories representing over USD 45 trillion in assets under management. To support growing interest in ESG investing, BNY Mellon's depositary receipts business will offer its clients access to Sustainalytics' ESG research and ratings, as well as custom benchmark reports that provide a lens through which issuers are viewed by investors. Sustainalytics will also offer clients access to in-house industry analysts who can provide deeper insight on ESG issues.

Bosphorus CLO I Limited Appoints BNY Mellon as Trustee and Paying Agent

BNY Mellon, has been appointed trustee and paying agent for Bosphorus CLO I Limited. It is Commerzbank's first European CLO and is being managed by the bank's Debt Fund Management division.

The Bank of New York Mellon Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Declares Quarterly Common Stock Dividend, Payable on May 14, 2015; Declares Dividends on Preferred Stocks for the Period Ending June 2015, Payable on June 22, 2015

The Bank of New York Mellon Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest revenue of $728 million compared to $728 million a year ago. Income before income taxes was $1,149 million compared to $926 million a year ago. Net income applicable to shareholders was $779 million or $0.67 per basic and diluted share compared to $674 million or $0.57 per basic and diluted share a year ago. Net income applicable to common shareholders of the bank was $766 million compared to $661 million a year ago. Total revenue, as adjusted, non-GAAP was $3,761 million compared to $3,627 million a year ago. Return on common equity, GAAP was 8.8% compared to 7.4% a year ago. Return on common equity, non-GAAP was 9.2% compared to 7.8% a year ago. Return on tangible common equity, non-GAAP adjusted was 20.2% compared to 17.3% a year ago. Book value per common share as at March 31, 2015 was $31.89 compared to $31.94 a year ago. Tangible book value per common share as at March 31, 2015 was $14.82 compared to $14.48 a year ago. The bank declared a quarterly common stock dividend of $0.17 per common share. This cash dividend is payable on May 14, 2015 to shareholders of record as of the close of business on May 4, 2015. The bank also declared dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in June 2015, in each case, payable on June 22, 2015 to holders of record as of the close of business on June 5, 2015: $1,044.44 per share on the Series A Preferred Stock (equivalent to $10.4444 per Normal Preferred Capital Security of Mellon Capital IV, each representing 1/100th interest in a share of Series A Preferred Stock); $1,300.00 per share on the Series C Preferred Stock (equivalent to $0.3250 per depositary share, each representing a 1/4,000th interest in a share of the Series C Preferred Stock); and $2,250.00 per share on the Series D Preferred Stock (equivalent to approximately $22.50 per depositary share, each representing a 1/100th interest in a share of the Series D Preferred Stock).

 

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BK:US $43.28 USD +0.54

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Industry Analysis

BK

Industry Average

Valuation BK Industry Range
Price/Earnings 18.9x
Price/Sales 3.0x
Price/Book 1.3x
Price/Cash Flow 18.2x
TEV/Sales NM Not Meaningful
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