Bank of New York Mellon
Market Cap
US$38.8b
Last Updated
2021/02/24 00:17 UTC
Data Sources
Company Financials +
Executive Summary
The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. More Details
Rewards
Risk Analysis
No risks detected for BK from our risk checks.
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Bank of New York Mellon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BK's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.5%
BK
-1.1%
US Capital Markets
-2.5%
US Market
1 Year Return
5.4%
BK
29.0%
US Capital Markets
34.1%
US Market
Return vs Industry: BK underperformed the US Capital Markets industry which returned 29% over the past year.
Return vs Market: BK underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| BK | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -1.1% | -2.5% |
| 30 Day | 4.5% | 5.3% | 0.1% |
| 90 Day | 8.6% | 16.6% | 4.5% |
| 1 Year | 9.0%5.4% | 32.4%29.0% | 37.1%34.1% |
| 3 Year | -18.1%-24.4% | 35.0%24.5% | 58.0%47.9% |
| 5 Year | 33.6%19.1% | 132.0%101.0% | 131.9%106.2% |
Long-Term Price Volatility Vs. Market
How volatile is Bank of New York Mellon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Should You Review Recent Insider Transactions At The Bank of New York Mellon Corporation (NYSE:BK)?4 weeks ago | Simply Wall St
There's A Lot To Like About Bank of New York Mellon's (NYSE:BK) Upcoming US$0.31 DividendValuation
Is Bank of New York Mellon undervalued compared to its fair value and its price relative to the market?
11.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BK ($43.83) is trading above our estimate of fair value ($40.24)
Significantly Below Fair Value: BK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BK is good value based on its PE Ratio (11.4x) compared to the US Capital Markets industry average (23.8x).
PE vs Market: BK is good value based on its PE Ratio (11.4x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: BK is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: BK is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (10.6x).
Next Steps
Future Growth
How is Bank of New York Mellon forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BK's forecast earnings growth (2.6% per year) is above the savings rate (2%).
Earnings vs Market: BK's earnings (2.6% per year) are forecast to grow slower than the US market (20.4% per year).
High Growth Earnings: BK's earnings are forecast to grow, but not significantly.
Revenue vs Market: BK's revenue (1.9% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: BK's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BK's Return on Equity is forecast to be low in 3 years time (10.3%).
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Past Performance
How has Bank of New York Mellon performed over the past 5 years?
5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BK has high quality earnings.
Growing Profit Margin: BK's current net profit margins (22.1%) are lower than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: BK's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: BK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BK had negative earnings growth (-19.5%) over the past year, making it difficult to compare to the Capital Markets industry average (7.6%).
Return on Equity
High ROE: BK's Return on Equity (7.9%) is considered low.
Next Steps
Financial Health
How is Bank of New York Mellon's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BK's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: BK has a sufficient allowance for bad loans (392%).
Low Risk Liabilities: 81% of BK's liabilities are made up of primarily low risk sources of funding.
Loan Level: BK has an appropriate level of Loans to Assets ratio (12%).
Low Risk Deposits: BK's Loans to Deposits ratio (16%) is appropriate.
Level of Bad Loans: BK has an appropriate level of bad loans (0.1%).
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Dividend
What is Bank of New York Mellon current dividend yield, its reliability and sustainability?
2.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BK's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BK's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: BK's dividends per share have been stable in the past 10 years.
Growing Dividend: BK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.3%), BK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BK's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Todd Gibbons (63 yo)
1.42yrs
Tenure
US$12,525,701
Compensation
Mr. Thomas P. Gibbons, also known as Todd, has been Chief Executive Officer of Bank of New York Mellon Corporation since March 30, 2020 and Director since September 27, 2019 and served as an Interim Chief ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD12.53M) is about average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Todd's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.42yrs | US$12.53m | 0.044% $ 17.0m | |
| Chief Operations & Technology Officer | 0.42yr | US$4.73m | 0.0026% $ 992.7k | |
| Vice Chairman & CEO of Global Market Infrastructure | 0.33yr | no data | no data | |
| Chief Financial Officer | 0.58yr | no data | 0.0095% $ 3.7m | |
| Senior EVP | 0.75yr | no data | no data | |
| Global Head of Investor Relations | 1.92yrs | no data | no data | |
| Chief Compliance & Ethics Officer | no data | no data | no data | |
| Senior EVP & General Counsel | 6.83yrs | no data | 0.0088% $ 3.4m | |
| Global Head of Corporate Communications | 3.83yrs | no data | no data | |
| Chief Marketing Officer | 2.5yrs | no data | no data | |
| Senior EVP & Global Head of Human Resources | 1.42yrs | no data | 0.00092% $ 356.8k | |
| Executive VP & Chief Operating Officer of Corporate Treasury | no data | no data | no data |
1.4yrs
Average Tenure
53.5yo
Average Age
Experienced Management: BK's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.42yrs | US$12.53m | 0.044% $ 17.0m | |
| Vice Chairman & CEO of Global Market Infrastructure | 0.33yr | no data | no data | |
| Independent Director | 13.58yrs | US$305.00k | 0.00050% $ 193.9k | |
| Independent Director | 0.83yr | no data | no data | |
| Independent Director | 13.58yrs | US$295.97k | 0.00045% $ 174.5k | |
| Independent Director | 1.83yrs | US$210.00k | no data | |
| Independent Director | 6.83yrs | US$295.00k | 0.0027% $ 1.0m | |
| Independent Director | 0.50yr | no data | 0.000090% $ 34.9k | |
| Independent Director | 4.17yrs | US$275.00k | 0% $ 0 | |
| Independent Director | 4.33yrs | US$431.25k | 0.00019% $ 73.7k | |
| Independent Chairman of the Board | 1.42yrs | US$355.00k | 0.0036% $ 1.4m | |
| Independent Director | 4.17yrs | US$275.00k | 0.00067% $ 259.8k |
3.0yrs
Average Tenure
63yo
Average Age
Experienced Board: BK's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Bank of New York Mellon Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Bank of New York Mellon Corporation
- Ticker: BK
- Exchange: NYSE
- Founded: 1784
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$38.778b
- Shares outstanding: 886.76m
- Website: https://www.bnymellon.com
Number of Employees
Location
- The Bank of New York Mellon Corporation
- 240 Greenwich Street
- New York
- New York
- 10286
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BK | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1969 |
| BN9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1969 |
| BK * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1969 |
| 0HLQ | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1969 |
| BN9 | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1969 |
| BONY | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1969 |
| BK | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REP 0.5 COM STK USD0.01 | AR | ARS | Apr 2002 | |
| A1HK20 | DB (Deutsche Boerse AG) | PERP JR D NT4.5% | DE | USD | May 2013 | |
| BONY34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Aug 2015 |
Biography
The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 00:17 |
| End of Day Share Price | 2021/02/23 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.