Bank of New York Mellon
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The last earnings update was 15 days ago. More info.
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BK Share Price and Events
7 Day Returns
1 Year Returns
BK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Bank of New York Mellon (BK) | -0.8% | -4.8% | -13.3% | -19.4% | 9.8% | 33.5% |
| US Capital Markets | 1.3% | -1.7% | 1.2% | -11% | 44.4% | 64.9% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- BK underperformed the Capital Markets industry which returned -11% over the past year.
- BK underperformed the Market in United States of America which returned 2.9% over the past year.
BK Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Bank of New York Mellon
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of New York Mellon.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 13 analysts.
= Stable Book Value * Return on Equity = $42.59 * 10.8% |
$4.62 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 11 analysts. | $42.59 |
| Discount Rate (Cost of Equity) | See below | 10.9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.7 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.696 (1 + (1- 21%) (157.08%)) |
1.375 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.38 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.375 * 5.96%) |
10.93% |
Discounted Cash Flow Calculation for NYSE:BK using Excess Returns Model Model
The calculations below outline how an intrinsic value for Bank of New York Mellon is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (10.8% – 10.93%) * $42.59) |
$-0.03 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.03 / (10.93% - 2.73%) |
$-0.40 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $42.59 + $-0.40 |
$42.19 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $42.19 |
| Current discount | Discount to share price of
$46.16
= -1 x ($46.16 - $42.19) / $42.19 |
-9.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Bank of New York Mellon is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Bank of New York Mellon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Bank of New York Mellon's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.89 |
| NYSE:BK Share Price ** | NYSE (2019-05-22) in USD | $46.16 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 87 Publicly-Listed Capital Markets Companies | 32.12x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Bank of New York Mellon.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:BK Share Price ÷ EPS (both in USD) = 46.16 ÷ 3.89 |
11.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of New York Mellon is good value based on earnings compared to the US Capital Markets industry average.
- Bank of New York Mellon is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Bank of New York Mellon's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts |
3%per year |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 2.25x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.87x ÷ 3% |
4.02x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of New York Mellon is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Bank of New York Mellon's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $39.35 |
| NYSE:BK Share Price * | NYSE (2019-05-22) in USD | $46.16 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 170 Publicly-Listed Capital Markets Companies | 7.85x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:BK Share Price ÷ Book Value per Share (both in USD) = 46.16 ÷ 39.35 |
1.17x |
* Primary Listing of Bank of New York Mellon.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bank of New York Mellon is good value based on assets compared to the US Capital Markets industry average.
Value checks
We assess Bank of New York Mellon's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Bank of New York Mellon has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
BK Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Bank of New York Mellon's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Bank of New York Mellon's earnings growth is positive but not above the United States of America market average.
- Bank of New York Mellon's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:BK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts | 3% |
| NYSE:BK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts | 1.7% |
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 7% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 16,529 | 4,041 | 2 | |
| 2020-12-31 | 16,302 | 3,987 | 13 | |
| 2019-12-31 | 15,953 | 3,834 | 13 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 16,112 | 5,899 | 3,848 |
| 2018-12-31 | 16,403 | 5,996 | 4,070 |
| 2018-09-30 | 16,130 | 4,077 | 4,361 |
| 2018-06-30 | 16,080 | 8,045 | 4,268 |
| 2018-03-31 | 15,902 | 5,039 | 4,133 |
| 2017-12-31 | 15,567 | 4,667 | 3,872 |
| 2017-09-30 | 15,616 | 8,065 | 3,563 |
| 2017-06-30 | 15,554 | 2,948 | 3,547 |
| 2017-03-31 | 15,376 | 3,228 | 3,446 |
| 2016-12-31 | 15,248 | 6,267 | 3,373 |
| 2016-09-30 | 15,028 | 1,699 | 3,192 |
| 2016-06-30 | 14,857 | 2,955 | 3,047 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
All data from Bank of New York Mellon Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 4.66 | 5.00 | 4.29 | 3.00 |
| 2020-12-31 | 4.41 | 4.65 | 4.10 | 19.00 |
| 2019-12-31 | 4.05 | 4.25 | 3.92 | 19.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.89 |
| 2018-12-31 | 4.06 |
| 2018-09-30 | 4.31 |
| 2018-06-30 | 4.18 |
| 2018-03-31 | 4.02 |
| 2017-12-31 | 3.74 |
| 2017-09-30 | 3.42 |
| 2017-06-30 | 3.39 |
| 2017-03-31 | 3.26 |
| 2016-12-31 | 3.16 |
| 2016-09-30 | 2.97 |
| 2016-06-30 | 2.81 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Bank of New York Mellon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Bank of New York Mellon's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Bank of New York Mellon has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
BK Past Performance
How has Bank of New York Mellon performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Bank of New York Mellon's year on year earnings growth rate has been positive over the past 5 years.
- Bank of New York Mellon's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Bank of New York Mellon's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
All data from Bank of New York Mellon Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 16,112.00 | 3,848.00 | 9,422.00 | |
| 2018-12-31 | 16,403.00 | 4,070.00 | 9,399.00 | |
| 2018-09-30 | 16,130.00 | 4,361.00 | 9,273.00 | |
| 2018-06-30 | 16,080.00 | 4,268.00 | 9,224.00 | |
| 2018-03-31 | 15,902.00 | 4,133.00 | 9,173.00 | |
| 2017-12-31 | 15,567.00 | 3,872.00 | 9,093.00 | |
| 2017-09-30 | 15,616.00 | 3,563.00 | 8,791.00 | |
| 2017-06-30 | 15,554.00 | 3,547.00 | 8,747.00 | |
| 2017-03-31 | 15,376.00 | 3,446.00 | 8,703.00 | |
| 2016-12-31 | 15,248.00 | 3,373.00 | 8,726.00 | |
| 2016-09-30 | 15,028.00 | 3,192.00 | 8,723.00 | |
| 2016-06-30 | 14,857.00 | 3,047.00 | 8,729.00 | |
| 2016-03-31 | 14,964.00 | 3,052.00 | 8,769.00 | |
| 2015-12-31 | 15,034.00 | 3,010.00 | 8,841.00 | |
| 2015-09-30 | 15,159.00 | 2,591.00 | 8,852.00 | |
| 2015-06-30 | 16,000.00 | 2,827.00 | 8,926.00 | |
| 2015-03-31 | 15,865.00 | 2,554.00 | 8,953.00 | |
| 2014-12-31 | 15,740.00 | 2,451.00 | 9,004.00 | |
| 2014-09-30 | 15,657.00 | 2,745.00 | 9,093.00 | |
| 2014-06-30 | 14,808.00 | 2,640.00 | 9,098.00 | |
| 2014-03-31 | 15,095.00 | 2,912.00 | 9,202.00 | |
| 2013-12-31 | 15,083.00 | 2,002.00 | 9,150.00 | |
| 2013-09-30 | 15,156.00 | 2,112.00 | 9,049.00 | |
| 2013-06-30 | 15,055.00 | 1,876.00 | 8,940.00 | |
| 2013-03-31 | 14,647.00 | 1,518.00 | 8,772.00 | |
| 2012-12-31 | 14,690.00 | 2,389.00 | 8,706.00 | |
| 2012-09-30 | 14,474.00 | 2,284.00 | 8,601.00 | |
| 2012-06-30 | 14,510.00 | 2,215.00 | 8,625.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Bank of New York Mellon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Bank of New York Mellon used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
- Unable to establish if Bank of New York Mellon improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Bank of New York Mellon's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Bank of New York Mellon has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
BK Health
How is Bank of New York Mellon's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Bank of New York Mellon's finances.
The net worth of a company is the difference between its assets and liabilities.
- Bank of New York Mellon's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Bank of New York Mellon's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Bank of New York Mellon Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 41,469.00 | 69,427.00 | 125,484.00 |
| 2018-12-31 | 40,868.00 | 70,671.00 | 139,968.00 |
| 2018-09-30 | 41,861.00 | 62,809.00 | 130,105.00 |
| 2018-06-30 | 41,746.00 | 68,705.00 | 128,969.00 |
| 2018-03-31 | 42,124.00 | 77,565.00 | 147,806.00 |
| 2017-12-31 | 41,746.00 | 73,005.00 | 142,116.00 |
| 2017-09-30 | 41,104.00 | 68,974.00 | 129,090.00 |
| 2017-06-30 | 40,498.00 | 66,431.00 | 125,135.00 |
| 2017-03-31 | 39,831.00 | 64,770.00 | 112,059.00 |
| 2016-12-31 | 39,580.00 | 60,594.00 | 107,246.00 |
| 2016-09-30 | 40,373.00 | 58,866.00 | 137,935.00 |
| 2016-06-30 | 39,297.00 | 60,227.00 | 140,800.00 |
| 2016-03-31 | 39,285.00 | 65,040.00 | 148,581.00 |
| 2015-12-31 | 38,975.00 | 63,291.00 | 168,571.00 |
| 2015-09-30 | 39,199.00 | 58,012.00 | 144,085.00 |
| 2015-06-30 | 39,424.00 | 58,485.00 | 160,820.00 |
| 2015-03-31 | 38,880.00 | 58,455.00 | 162,471.00 |
| 2014-12-31 | 38,703.00 | 60,920.00 | 162,859.00 |
| 2014-09-30 | 39,598.00 | 58,768.00 | 167,656.00 |
| 2014-06-30 | 39,474.00 | 54,280.00 | 189,378.00 |
| 2014-03-31 | 38,969.00 | 53,170.00 | 165,804.00 |
| 2013-12-31 | 38,510.00 | 45,978.00 | 177,775.00 |
| 2013-09-30 | 37,983.00 | 52,821.00 | 177,417.00 |
| 2013-06-30 | 36,931.00 | 53,535.00 | 159,121.00 |
| 2013-03-31 | 36,674.00 | 50,871.00 | 154,217.00 |
| 2012-12-31 | 37,442.00 | 43,770.00 | 165,679.00 |
| 2012-09-30 | 37,139.00 | 54,803.00 | 145,622.00 |
| 2012-06-30 | 35,385.00 | 51,283.00 | 147,591.00 |
- Bank of New York Mellon's level of debt (167.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (136.5% vs 167.4% today).
- Debt is not well covered by operating cash flow (8.5%, less than 20% of total debt).
- Unable to confirm if the interest payments on Bank of New York Mellon's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Bank of New York Mellon's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Bank of New York Mellon has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
BK Dividends
What is Bank of New York Mellon's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Bank of New York Mellon
shares you are expected to receive
$49
in your first year as a dividend.
Dividend Amount
- Bank of New York Mellon's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Bank of New York Mellon's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 40 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.43 | 6.00 |
| 2020-12-31 | 1.33 | 18.00 |
| 2019-12-31 | 1.18 | 18.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-17 | 1.120 | 2.335 |
| 2019-01-16 | 1.120 | 2.150 |
| 2018-10-18 | 1.120 | 2.337 |
| 2018-08-01 | 1.120 | 2.164 |
| 2018-07-19 | 1.120 | 2.102 |
| 2018-04-19 | 0.960 | 1.726 |
| 2018-01-18 | 0.960 | 1.759 |
| 2017-10-19 | 0.960 | 1.794 |
| 2017-08-03 | 0.960 | 1.818 |
| 2017-07-20 | 0.960 | 1.796 |
| 2017-05-08 | 0.760 | 1.545 |
| 2017-04-20 | 0.760 | 1.608 |
| 2017-02-28 | 0.760 | 1.607 |
| 2017-01-19 | 0.760 | 1.660 |
| 2016-11-08 | 0.760 | 1.601 |
| 2016-10-20 | 0.760 | 1.755 |
| 2016-08-08 | 0.760 | 1.881 |
| 2016-07-21 | 0.760 | 1.927 |
| 2016-04-26 | 0.680 | 1.698 |
| 2016-04-21 | 0.680 | 1.662 |
| 2016-02-26 | 0.680 | 1.821 |
| 2016-01-21 | 0.680 | 1.959 |
| 2015-11-06 | 0.680 | 1.656 |
| 2015-10-20 | 0.680 | 1.609 |
| 2015-08-07 | 0.680 | 1.684 |
| 2015-07-21 | 0.680 | 1.546 |
| 2015-05-08 | 0.680 | 1.582 |
| 2015-04-22 | 0.680 | 1.591 |
| 2014-10-17 | 0.680 | 1.728 |
| 2014-07-18 | 0.680 | 1.755 |
| 2014-04-07 | 0.680 | 1.938 |
| 2013-10-16 | 0.600 | 1.816 |
| 2013-07-17 | 0.600 | 1.946 |
| 2013-04-09 | 0.600 | 2.075 |
| 2012-10-17 | 0.520 | 1.985 |
| 2012-07-18 | 0.520 | 2.314 |
| 2012-04-18 | 0.520 | 2.418 |
| 2012-01-18 | 0.520 | 2.321 |
| 2011-10-19 | 0.520 | 2.601 |
| 2011-07-19 | 0.520 | 2.529 |
| 2011-03-22 | 0.520 | 1.886 |
| 2011-01-19 | 0.360 | 1.175 |
| 2010-10-19 | 0.360 | 1.274 |
| 2010-07-20 | 0.360 | 1.410 |
| 2010-01-20 | 0.360 | 1.259 |
| 2009-10-20 | 0.360 | 1.307 |
| 2009-07-22 | 0.360 | 1.260 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Bank of New York Mellon's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.6x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
Income/ dividend checks
We assess Bank of New York Mellon's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Bank of New York Mellon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Bank of New York Mellon has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
BK Management
CEO
| COMPENSATION | $9,383,885 |
| AGE | 53 |
| TENURE AS CEO | 1.8 years |
CEO Bio
Mr. Charles W. Scharf, also known as Charlie, has been Chief Executive Officer and Director of The Bank of New York Mellon Corporation since July 17, 2017 and has been its Chairman since January 1, 2018. He is the Chairman at The Bank of New York Mellon and BNY Mellon, National Association since January 1, 2018 and its Chief Executive Officer and President since July 17, 2017. Mr. Scharf served as the Chief Executive Officer of Visa Inc. from October 2012 to December 1, 2016. Before joining Visa, Mr. Scharf served as the Managing Director and Partner of One Equity Partners LLC (OEP Capital Advisors, L.P.) from 2011 to 2012. Mr. Scharf served as the Head of Retail Financial Services at JPMorgan Chase & Co. since May, 2002. He served as the Chief Executive Officer of Retail Financial Services at JPMorgan Chase & Co. from 2004 to June 2011. He served as Regional Director at USA Region of Visa, Inc. from October 2007 to January 27, 2011. Mr. Scharf served as Head of Retail Bank for JPMorgan Chase & Co., since May 2002. He served as the Chief Financial Officer/Executive Vice President of Banc One Corporation from June 12, 2000 to 2002, Chief Executive Officer of Retail Banking from May 2002 to July 2004 and also served as its President of Retail Banking. He served as Chief Financial Officer of Retail Banking of Bank One Corp. from 2000 to 2002. Mr. Scharf served as an Executive Vice President of Bank One Corporation since June 12, 2000. He helped in rebuilding the brand, expand the branch and ATM network and develop senior talent. He served as Chief Financial Officer at Citigroup Global Markets Limited. He served as Chief Financial Officer of the Global Corporate and Investment Bank of Citigroup from 1999 to 2000. Since 1995, Mr. Scharf served as Vice President and Chief Financial Officer of Smith Barney Holdings Inc after serving in a number of senior finance roles at Travelers companies, including Smith Barney, Primerica and Commercial Credit Corporation. He served as Chief Financial Officer of Salomon Smith Barney Inc. from 1997 to 1999 and its predecessor company from 1995 to 1999. He served as the Chief Financial Officer of Smith Barney (now Citigroup Global Markets Holdings Inc.) from 1995 to 1997. He served as Chief Financial Officer of The Travelers Companies, Inc. (formerly, Travelers Property Casualty Corp.). Mr. Scharf also held various financial positions with Travelers from 1987 to 1995. He serves as the Chairman of the New York City Ballet. He has been an Independent Director of Microsoft Corporation since October 1, 2014. He has been a Director of Visa International Service Association since October 2007. He served as a Director of Visa Inc. from October 2012 to December 1, 2016 and previously served as its Director from October 2007 to January 27, 2011. He served as Member of Supervisory Board of SMARTRAC N.V from June 19, 2012 to October 22, 2012. He previously served as a Director of Visa U.S.A. Inc. from October 2007 to January 2011 and again served as its Director since October 2012. He served as a Director of The St. Paul Companies Inc. from September 2002 to September 2005. He served as a Director of The Travelers Companies, Inc. from April 1, 2004 to September 2005. He is a Member of the Financial Services Roundtable and the Economic Club of Chicago as well as a Director of The Lyric Opera and Looking glass Theater. He is on the Board of Trustees for Johns Hopkins University. Mr. Scharf holds a Master of Business Administration degree from New York University and a Bachelor of Arts degree from The John Hopkins University.
CEO Compensation
- Charlie's compensation has been consistent with company performance over the past year, both up more than 20%.
- Charlie's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Bank of New York Mellon management team in years:
- The average tenure for the Bank of New York Mellon management team is less than 2 years, this suggests a new team.
Management Team
Charlie Scharf
Chairman & CEO
$9M
53
1.8 yrs
Mike Santomassimo
Senior EVP & CFO
$3M
43
1.3 yrs
O'Connor Engle
Senior EVP & Chief Information Officer
$6M
54
1.9 yrs
Todd Gibbons
Chief Executive Officer of Clearing
$7M
61
12.3 yrs
Mitchell Harris
Senior EVP & CEO of Investment Management
$9M
63
8 yrs
Brian Ruane
CEO of BNY Mellon Government Securities Services Corp.
1.9 yrs
Lester Owens
Senior EVP & Head of Operations
60
0.3 yrs
Sabet Elias
Chief Technology Officer
0.6 yrs
Magda Palczynska
Global Head of Investor Relations
0.2 yrs
Mark Musi
Chief Compliance & Ethics Officer
Board of Directors Tenure
Average tenure and age of the Bank of New York Mellon board of directors in years:
- The tenure for the Bank of New York Mellon board of directors is about average.
Board of Directors
Charlie Scharf
Chairman & CEO
$9M
53
1.3 yrs
Sam Scott
Independent Director
$271K
74
11.8 yrs
Ted Kelly
Independent Director
$280K
72
11.8 yrs
Jeffrey Goldstein
Independent Director
$270K
63
5.1 yrs
Ed Garden
Independent Director
$275K
57
4.4 yrs
Joe Echevarria
Lead Director
$330K
61
3.1 yrs
John Hinshaw
Independent Director
$270K
48
4.7 yrs
Liz Robinson
Independent Director
$375K
49
2.6 yrs
Linda Cook
Independent Director
$250K
60
2.4 yrs
Jennifer Morgan
Independent Director
$250K
47
2.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. May 19 | Sell | Trian Fund Management, L.P. | Company | 02. May 19 | 03. May 19 | -621,807 | $50.12 | $-31,157,377 | ||
| 02. May 19 | Sell | Jane McCarthy | Individual | 30. Apr 19 | 30. Apr 19 | -25,000 | $49.43 | $-1,235,730 | ||
| 13. Mar 19 | Sell | Trian Fund Management, L.P. | Company | 11. Mar 19 | 13. Mar 19 | -792,000 | $52.28 | $-41,262,284 | ||
| 05. Mar 19 | Sell | Kurtis Kurimsky | Individual | 01. Mar 19 | 01. Mar 19 | -5,797 | $53.00 | $-307,258 | ||
| 20. Feb 19 | Sell | Charles Scharf | Individual | 15. Feb 19 | 15. Feb 19 | -4,674 | $52.99 | $-247,675 | ||
| 20. Feb 19 | Sell | Bridget Engle | Individual | 15. Feb 19 | 15. Feb 19 | -22,670 | $52.99 | $-1,201,283 | ||
| 29. Jan 19 | Sell | Trian Fund Management, L.P. | Company | 25. Jan 19 | 28. Jan 19 | -2,107,000 | $53.64 | $-112,681,929 | ||
Management checks
We assess Bank of New York Mellon's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Bank of New York Mellon has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
BK News
Simply Wall St News
If You Had Bought Bank of New York Mellon (NYSE:BK) Stock Five Years Ago, You Could Pocket A 41% Gain Today
But The Bank of New York Mellon Corporation (NYSE:BK) has fallen short of that second goal, with a share price rise of 41% over five years, which is below the market return. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Bank of New York Mellon managed to grow its earnings per share at 8.9% a year.
Simply Wall St - – Full articleShould You Investigate The Bank of New York Mellon Corporation (NYSE:BK) At US$51.29?
The Bank of New York Mellon Corporation (NYSE:BK). … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Bank of New York Mellon’s outlook and valuation to see if the opportunity still exists.
Simply Wall St - – Full articleHow Do Analysts See The Bank of New York Mellon Corporation (NYSE:BK) Performing In The Year Ahead?
Looking at The Bank of New York Mellon Corporation's (NYSE:BK) earnings update on 31 December 2018, … the consensus outlook from analysts appear somewhat bearish, … the higher past 5-year average growth rate of 12%.
Simply Wall St - – Full articleHow Does The Bank of New York Mellon Corporation (NYSE:BK) Fare As A Dividend Stock?
Historically, The Bank of New York Mellon Corporation (NYSE:BK) has paid a dividend to shareholders. … Let's take a look at Bank of New York Mellon in more detail. … View our latest analysis for Bank of New York Mellon
Simply Wall St - – Full articleIs Now The Time To Look At Buying The Bank of New York Mellon Corporation (NYSE:BK)?
Today we're going to take a look at the well-established The Bank of New York Mellon Corporation (NYSE:BK). … A question to answer is whether Bank of New York Mellon's current trading price of $49.15 reflective of the actual value of the? … Let’s take a look at Bank of New York Mellon’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs The Bank of New York Mellon Corporation (NYSE:BK) Expensive For A Reason? A Look At The Intrinsic Value
One of the most difficult industry to value is capital markets, given that they adhere to different rules compared to other companies. … For instance, these businesses must hold a certain level of cash reserves on the books as a safety precaution.
Simply Wall St - – Full article2 Days Left To Cash In On The Bank of New York Mellon Corporation (NYSE:BK) Dividend, Is It Worth Buying?
On the 10 August 2018, The Bank of New York Mellon Corporation (NYSE:BK) will be paying shareholders an upcoming dividend amount of US$0.28 per share. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Bank of New York Mellon's latest financial data to analyse its dividend attributes. … Does earnings amply cover its dividend payments
Simply Wall St - – Full articleShould The Bank of New York Mellon Corporation (NYSE:BK) Be Part Of Your Portfolio?
In the past 10 years The Bank of New York Mellon Corporation (NYSE:BK) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Does Bank of New York Mellon tick all the boxes of a great dividend stock? … Check out our latest analysis for Bank of New York Mellon
Simply Wall St - – Full articleShould You Be Concerned About The Bank of New York Mellon Corporation's (NYSE:BK) Earnings Growth?
Today I will assess BK's recent performance announced on 31 March 2018 and compare these figures to its long-term trend and industry movements. … Did BK's recent earnings growth beat the long-term trend and the industry. … BK's trailing twelve-month earnings (from 31 March 2018) of US$4.13b has
Simply Wall St - – Full articleShould You Buy The Bank of New York Mellon Corporation (NYSE:BK) At US$54.20?
Today we're going to take a look at the well-established The Bank of New York Mellon Corporation (NYSE:BK). … A question to answer is whether Bank of New York Mellon's current trading price of $54.2 reflective of the actual value of the? … Let’s take a look at Bank of New York Mellon’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleBK Company Info
Description
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Details
| Name: | The Bank of New York Mellon Corporation |
| BK | |
| Exchange: | NYSE |
| Founded: | 1784 |
| $44,198,997,090 | |
| 957,517,268 | |
| Website: | http://www.bnymellon.com |
| Address: |
The Bank of New York Mellon Corporation 240 Greenwich Street, New York, New York, 10286, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | BK | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1969 | |
| DB | BN9 | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1969 | |
| LSE | 0HLQ | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1969 | |
| BMV | BK * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1969 | |
| NYSE | BK.PRC | DP1/4000 PFD-C | New York Stock Exchange | US | USD | 14. Sep 2012 | |
| BOVESPA | BONY34 | EACH BDR REPR 1 COM STK USD0.01 | Bolsa de Valores de Sao Paulo | BR | BRL | 24. Aug 2015 | |
| DB | A1HK20 | PERP JR D NT4.5% | Deutsche Boerse AG | DE | USD | 14. May 2013 |
Number of employees
Current staff
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 05:14 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/18 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
