How to buy The Bank of New York Mellon Corporation shares

Own The Bank of New York Mellon Corporation shares in just a few minutes.

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The Bank of New York Mellon Corporation (BK) is a leading asset management business with stocks listed in the US. It opened the day at US$49.69 after a previous close of US$49.66. During the day the price has varied from a low of USD49.04 to a high of USD49.74. The latest price was USD49.44 (25 minute delay). The Bank of New York Mellon Corporation is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in The Bank of New York Mellon Corporation

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for The Bank of New York Mellon Corporation. Find the share by name or ticker symbol: BK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until The Bank of New York Mellon Corporation reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$52.21, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of The Bank of New York Mellon Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of The Bank of New York Mellon Corporation. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

The Bank of New York Mellon Corporation share price

Use our graph to track the performance of BK stocks over time.

The Bank of New York Mellon Corporation shares at a glance

Information last updated 2021-06-22.
OpenUS$49.69
HighUS$49.74
LowUS$49.04
CloseUS$49.44
Previous closeUS$49.66
Change US$-0.22
Change % -0.443%
Volume 3,753,389
Information last updated 2021-06-17.
52-week rangeUS$31.7628 - US$52.9
50-day moving average US$51.2037
200-day moving average US$45.7656
Target priceUS$52.81
PE ratio 13.2615
Dividend yield US$1.24 (2.42%)
Earnings per share (TTM) US$3.7464

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy The Bank of New York Mellon Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

The Bank of New York Mellon Corporation price performance over time

Historical closes compared with the last close of $49.44

1 week (2021-06-16) -3.49%
1 month (2021-05-21) -4.11%
3 months (2021-03-23) 11.43%
6 months (2020-12-23) 20.64%
1 year (2020-06-23) 27.69%
2 years (2019-06-21) 13.89%
3 years (2018-06-22) -12.88%
5 years (2016-06-23) 19.02%

Is The Bank of New York Mellon Corporation under- or over-valued?

Valuing The Bank of New York Mellon Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Bank of New York Mellon Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

The Bank of New York Mellon Corporation's P/E ratio

The Bank of New York Mellon Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, The Bank of New York Mellon Corporation shares trade at around 13x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

The Bank of New York Mellon Corporation's PEG ratio

The Bank of New York Mellon Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.7655. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into The Bank of New York Mellon Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

The Bank of New York Mellon Corporation financials

Revenue TTM US$15.5 billion
Operating margin TTM 28.94%
Gross profit TTM US$15.5 billion
Return on assets TTM 0.77%
Return on equity TTM 854.44%
Profit margin 22.94%
Book value 46.161
Market capitalisation US$44.9 billion

TTM: trailing 12 months

Shorting The Bank of New York Mellon Corporation shares

There are currently 8.2 million The Bank of New York Mellon Corporation shares held short by investors – that's known as The Bank of New York Mellon Corporation's "short interest". This figure is 9.2% down from 9.0 million last month.

There are a few different ways that this level of interest in shorting The Bank of New York Mellon Corporation shares can be evaluated.

The Bank of New York Mellon Corporation's "short interest ratio" (SIR)

The Bank of New York Mellon Corporation's "short interest ratio" (SIR) is the quantity of The Bank of New York Mellon Corporation shares currently shorted divided by the average quantity of The Bank of New York Mellon Corporation shares traded daily (recently around 4.7 million). The Bank of New York Mellon Corporation's SIR currently stands at 1.75. In other words for every 100,000 The Bank of New York Mellon Corporation shares traded daily on the market, roughly 1750 shares are currently held short.

However The Bank of New York Mellon Corporation's short interest can also be evaluated against the total number of The Bank of New York Mellon Corporation shares, or, against the total number of tradable The Bank of New York Mellon Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Bank of New York Mellon Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 The Bank of New York Mellon Corporation shares in existence, roughly 10 shares are currently held short) or 0.0094% of the tradable shares (for every 100,000 tradable The Bank of New York Mellon Corporation shares, roughly 9 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against The Bank of New York Mellon Corporation.

Find out more about how you can short The Bank of New York Mellon Corporation stock.

The Bank of New York Mellon Corporation's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like The Bank of New York Mellon Corporation.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

The Bank of New York Mellon Corporation's total ESG risk score

Total ESG risk: 26.6

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Bank of New York Mellon Corporation's overall score of 26.6 (as at 12/31/2018) is pretty good – landing it in it in the 36th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like The Bank of New York Mellon Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

The Bank of New York Mellon Corporation's environmental score

Environmental score: 8.02/100

The Bank of New York Mellon Corporation's environmental score of 8.02 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that The Bank of New York Mellon Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

The Bank of New York Mellon Corporation's social score

Social score: 14.83/100

The Bank of New York Mellon Corporation's social score of 14.83 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that The Bank of New York Mellon Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

The Bank of New York Mellon Corporation's governance score

Governance score: 15.75/100

The Bank of New York Mellon Corporation's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that The Bank of New York Mellon Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

The Bank of New York Mellon Corporation's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. The Bank of New York Mellon Corporation scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that The Bank of New York Mellon Corporation hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

The Bank of New York Mellon Corporation was last rated for ESG on: 2019-01-01.

Total ESG score 26.6
Total ESG percentile 35.78
Environmental score 8.02
Environmental score percentile 7
Social score 14.83
Social score percentile 7
Governance score 15.75
Governance score percentile 7
Level of controversy 3

The Bank of New York Mellon Corporation share dividends

19%

Dividend payout ratio: 19.11% of net profits

Recently The Bank of New York Mellon Corporation has paid out, on average, around 19.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.46% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Bank of New York Mellon Corporation shareholders could enjoy a 2.46% return on their shares, in the form of dividend payments. In The Bank of New York Mellon Corporation's case, that would currently equate to about $1.24 per share.

While The Bank of New York Mellon Corporation's payout ratio might seem low, this can signify that The Bank of New York Mellon Corporation is investing more in its future growth.

The Bank of New York Mellon Corporation's most recent dividend payout was on 10 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 April 2021 (the "ex-dividend date").

Have The Bank of New York Mellon Corporation's shares ever split?

The Bank of New York Mellon Corporation's shares were split on a 9434:10000 basis on 1 July 2007. So if you had owned 10000 shares the day before before the split, the next day you'd have owned 9434 shares. This wouldn't directly have changed the overall worth of your The Bank of New York Mellon Corporation shares – just the quantity. However, indirectly, the new 6% higher share price could have impacted the market appetite for The Bank of New York Mellon Corporation shares which in turn could have impacted The Bank of New York Mellon Corporation's share price.

The Bank of New York Mellon Corporation share price volatility

Over the last 12 months, The Bank of New York Mellon Corporation's shares have ranged in value from as little as US$31.7628 up to US$52.9. A popular way to gauge a stock's volatility is its "beta".

BK.US volatility(beta: 1.08)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Bank of New York Mellon Corporation's is 1.0772. This would suggest that The Bank of New York Mellon Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

The Bank of New York Mellon Corporation overview

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through three segments: Investment Services, Investment and Wealth Management, and Other. The Investment Service segment offers custody, trust and depositary, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, investment, wealth and retirement solutions, technology and enterprise data management, trading, corporate trust, depositary receipts, payments, foreign exchange, liquidity management, receivables processing and payables management, trade finance and processing, collateral management, and tri-party services. The Investment and Wealth Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.

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