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Last $43.47 USD
Change Today -0.17 / -0.39%
Volume 3.0M
BK On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

bank of new york mellon corp (BK) Snapshot

Open
$43.60
Previous Close
$43.64
Day High
$43.66
Day Low
$43.45
52 Week High
05/20/15 - $43.84
52 Week Low
05/23/14 - $34.13
Market Cap
48.8B
Average Volume 10 Days
5.0M
EPS TTM
$2.66
Shares Outstanding
1.1B
EX-Date
04/30/15
P/E TM
16.3x
Dividend
$0.68
Dividend Yield
1.56%
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: 05/8/15
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

The Bank of New York Mellon Corporation Reaches Settlement in Principle on Foreign Exchange-Related Putative Class Action Lawsuit

On May 21, 2015, The Bank of New York Mellon Corporation reached a settlement in principle on a previously disclosed pending foreign exchange-related putative class action lawsuit asserting securities law violations. Under the terms of the settlement, BNY Mellon will make a payment of $180 million, resulting in a pre-tax charge of $50 million in the second quarter of 2015, and will receive a full and complete release of all foreign exchange-related securities law claims brought against it or its affiliates by members of the alleged class. This settlement effectively resolves virtually all of the currently pending foreign exchange-related actions, with the exception of several lawsuits brought by individual customers. The settlement is subject to court approval.

BNY Mellon Announces Management Changes

BNY Mellon appointed Donald J. Heberle to be the new Chief Executive Officer of BNY Mellon Wealth Management, succeeding current CEO Lawrence Hughes. After 24 years with the company, Hughes has decided to retire from his role as of June 30, 2015, and will continue with BNY Mellon in an advisory role within BNY Mellon Investment Management. Heberle will be based in New York where he will continue to direct the long-term growth and expansion strategy that the Wealth Management leadership team has been driving for the past two years. In previous roles Heberle served as Executive Director for the Family Office and International Wealth Management businesses; was Director of Investment Strategy for Mellon's Private Wealth Management group; and developed and implemented the firm's tax-managed equity investment process.

BNY Mellon Expands Analytical Services for Treasury Services Clients

BNY Mellon has expanded its analytical support for treasury services clients with the launch of Payment Analytics. Designed for institutional clients with high levels of wire transfer utilisation, Payment Analytics provides real-time updates on straight-through processing success rates, information on the type and number of payment queries, and trend data that clients can use to improve the efficiency of payment processing. Available to select global clients on a pilot basis for the past several months, Payment Analytics complements BNY Mellon's Intraday Liquidity Analytics service. Provided via BNY Mellon's TreasuryEdge portal, the two analytical services are claimed to reflect BNY Mellon's commitment to providing 'big data'-based analytical insights, in addition to the usual processing and transaction support, that clients can use to better manage their treasury function.

 

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Industry Analysis

BK

Industry Average

Valuation BK Industry Range
Price/Earnings 19.3x
Price/Sales 3.1x
Price/Book 1.4x
Price/Cash Flow 18.3x
TEV/Sales NM Not Meaningful
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