Last $36.90 USD
Change Today -1.82 / -4.70%
Volume 7.0M
BK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

bank of new york mellon corp (BK) Snapshot

Open
$37.92
Previous Close
$38.72
Day High
$37.93
Day Low
$36.85
52 Week High
12/24/14 - $41.79
52 Week Low
02/20/14 - $30.82
Market Cap
41.5B
Average Volume 10 Days
5.3M
EPS TTM
$2.91
Shares Outstanding
1.1B
EX-Date
01/30/15
P/E TM
12.7x
Dividend
$0.68
Dividend Yield
1.79%
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 provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. This segment offers various equity, fixed income, cash, and alternative/overlay products; and investment management, wealth and estate planning, and private banking solutions to high-net-worth individuals and families, family offices, charitable gift programs, endowments, and foundations. The company’s Investment Services segment provides custody and related services, broker-dealer services, collateral services, corporate trust and depositary receipt, and clearing services, as well as payment/working capital solutions to financial institutional clients. This segment’s financial solutions include custody, fund services, securities lending, investment manager outsourcing, performance and risk analytics, alternative investment services, securities clearance, collateral management, corporate trust, depositary receipt programs, cash management solutions, payment services, liquidity services and other linked revenues, foreign exchange, clearing and execution, managed account services, and prime brokerage solutions. This segment serves corporations, public funds and government agencies, foundations, and endowments; financial institutions, including banks, broker-dealers, asset managers, insurance companies, and central banks; financial intermediaries and independent registered investment advisors; and hedge fund managers. The company is also 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.

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

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $1.0M
Vice Chairman and Chief Financial Officer
Total Annual Compensation: $650.0K
Vice Chairman and Chief Executive Officer of ...
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2013.

bank of new york mellon corp (BK) Key Developments

Bank of New York Mellon Declares Quarterly Common Stock Dividend, Payable February 13, 2015

Bank Of New York Mellon declared a quarterly common stock dividend of $0.17 per common share, consistent with the previous quarter's payout. The dividend is payable February 13, 2015 to shareholders of record February 3, 2015.

The Bank of New York Mellon Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Interest Revenue and Tax Rate Guidance for the First Quarter of 2015

The Bank of New York Mellon Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $3,689 million against $3,611 million a year ago. Non-GAAP total revenue was $3,665 million against $3,769 million a year ago. Income before income taxes was $943 million against $728 million a year ago. Net income applicable to common shareholders of the company was $807 million or $0.70 per diluted share against $513 million or $0.44 per diluted share a year ago. Return on common equity (annualized) was 8.7% against 5.7% a year ago. Non-GAAP return on common equity (annualized) was 7.7% against 7.6% a year ago. Non-GAAP return on tangible common equity (annualized) was 19.5% against 14.3% a year ago. Non-GAAP adjusted return on tangible common equity (annualized) was 16.3% against 17.2% a year ago. Tangible book value per common share was $15.23 against $13.95 a year ago. Book value per common share was $32.62 against $31.46 a year ago. Net interest revenue was $721 million against $761 million a year ago. Interest revenue was $802 million against $846 million a year ago. Net income applicable to the common shareholders of the company after required adjustments for the calculation of basic and diluted earnings per common share was $793 million against $503 million a year ago. Non-GAAP net income applicable to common shareholders of the company was $667 million or $0.58 per diluted share against $629 million or $0.54 per diluted share a year ago. For the year, the company reported interest revenue of $3,234 million against $3,352 million a year ago. Net interest revenue was $2,880 million against $3,009 million a year ago. Income before income taxes was $4,342 million against $3,777 million a year ago. Net income applicable to common shareholders of the company was $3,092 million or $2.67 per diluted share against $2,040 million or $1.73 per diluted share a year ago. Net income applicable to the common shareholders of the company after required adjustments for the calculation of basic and diluted earnings per common share was $3,038 million against $2,002 million a year ago. Non-GAAP net income applicable to common shareholders of the company was $2,766 million or $2.28 per diluted share against $2,687 million or $2.39per diluted share a year ago. Return on common equity (annualized) was 8.4%. Non-GAAP return on common equity (annualized) was 8.1%. Non-GAAP return on tangible common equity (annualized) was 19.5%. Non-GAAP adjusted return on tangible common equity (annualized) was 17.6%. The company believes the impact of all of these items, offset somewhat by expense management efforts, should result in expenses up around 1% to 2% in the first quarter of '15 against the first quarter of 2014. This is as expected and well within Investor Day guidelines. Net interest revenue should be about at the level the company saw in the third quarter. The effective tax rate should be around 26% to 27%.

Citibank, N.A Appoints the Bank of New York Mellon as Successor Depositary

Cox & Kings Ltd. has informed that The Bank of New York Mellon, has been appointed as successor depositary to Citibank, N. A by the Company for its Global Depositary Receipt (GDR) program with effect from January 20, 2015.

 

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Industry Analysis

BK

Industry Average

Valuation BK Industry Range
Price/Earnings 15.3x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 14.4x
TEV/Sales NM Not Meaningful
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