|Bid||42.87 x 1400|
|Ask||42.88 x 900|
|Day's Range||42.67 - 43.47|
|52 Week Range||42.43 - 57.87|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||11.02|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||1.12 (2.59%)|
|1y Target Est||49.97|
Bank of New York Mellon (BK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Bank of New York Mellon Corporation (BK) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient.
Dividend paying stocks like The Bank of New York Mellon Corporation (NYSE:BK) tend to be popular with investors, and...
Delta Air Lines, The Financial Times and Bain & Co have pulled out of an event in New York honoring Brazilian President Jair Bolsonaro, the firms said on Thursday, as the South American leader faces blowback for racist and homophobic comments. Bolsonaro is due to be honored as the 2019 Person of the Year at the Brazilian-American Chamber of Commerce dinner. The gala, which already had to move from its original venue at New York's American Museum of Natural History after the museum decided not to host, is sponsored by various blue-chip firms, which have come under pressure to ditch their support of the event.
Rise in net interest income, improvement in assets under management and higher rates aid State Street's (STT) Q1 earnings while decline in fee income hurts.
A judge on Thursday ordered banks to comply with a request from Puerto Rico's federally created financial oversight board to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The ruling boosts a potential effort by the board to recover billions of dollars in payments made to bondholders should a federal court hearing Puerto Rico's bankruptcy cases choose to invalidate disputed debt issued by the government and its agencies. U.S. Magistrate Judge Judith Gail Dein's order said "good cause exists" to grant the board's motion, which seeks to compel banks to submit bondholder names and addresses along with Puerto Rico debt payments the bondholders received between 2013 and 2017.
U.S. banking regulators on Thursday proposed a rule that would allow custody banks to exclude deposits with central banks from a stringent capital requirement. When finalized, the rule would allow those banks to exclude such central bank deposits from the supplementary leverage ratio, which directs each bank to hold more capital against its assets.
Interest expense and low volatility led to issues in the first quarter, and pose a continuing threat to earnings in the months to come.
BNY Mellon (BK) witnesses lower revenues and AUM in the first quarter of 2019. However, lower expenses support results to some extent.
Investing.com - Bank of NY Mellon (NYSE:BK) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of “a+” of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.
BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Driven by loan growth and higher rates, BNY Mellon's (BK) net interest revenues are likely to be positively impacted during the first quarter.
Four banks on Friday fired back at a move by Puerto Rico's federally created financial oversight board to force them to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The board on Monday asked the U.S. District Court judge hearing the island's bankruptcy cases to compel the banks to submit bondholder names and addresses along with related payments the bondholders received between 2013 and 2017 by an April 19 deadline. The Bank of New York Mellon, Bank of America Corp , JP Morgan Chase Bank, and U.S. Bank objected, citing concerns over disclosing confidential customer information, as well as the cost and ability to produce a large amount of information within the tight deadline.