Bank Of New York Mellon Delivers Double-digit EPS Growth In Q1

Bank of New York Mellon Corp has an average rating of "Hold" and an average price target of $50.92.

12/28/2016 - Bank Of New York Mellon Corporation (The) was upgraded to " by analysts at Raymond James. They noted that the move was a valuation call. Deutsche Bank AG restated a "buy" rating on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, October 21st. The stock tapped a 52-week high of US$49.54 while the mean 12-month price target for the shares is US$51.83. Finally, Zacks Investment Research lowered shares of Bank of New York Mellon Corp from a buy rating to a hold rating in a research note on Tuesday, January 24th. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Bank Of New York Mellon Corp has made negative provision of $5 million for loan losses during the quarter, compared with a positive provision of $10 million in the same period previous year. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. The stock has a market cap of $48.72 billion, a PE ratio of 14.91 and a beta of 1.32. Finally, BlackRock Fund Advisors raised its position in shares of Bank Of New York Mellon Corporation (The) by 5.0% in the third quarter.

Shares outstanding are recorded as 1039.15 B and total shares floated are 1031.12 B. Company's distance from 20 day simple moving average is -1.26% and distance from 50-Day simple moving average is -1.25%.

Several sell side analysts reviewed their recommendations on The Bank of New York Mellon Corporation (BK) where 3 analyst have rated the stock as Strong Buy, 5 analysts said it's a Buy, 10 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell.

According to its first quarter earnings release, it estimated it achieved new custody mandates of $109 billion for the first three months of the year. Meiji Yasuda Asset Mgmt Com Limited holds 0.23% in Bank of New York Mellon Corp (NYSE:BK) or 43,163 shares. The business's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share.

The stock of Bank of New York Mellon Corp (NYSE:BK) is a huge mover today! The Relative Volume value measured for The Bank of New York Mellon Corporation (BK) is 0.63. If you are accessing this piece on another site, it was stolen and republished in violation of United States and worldwide copyright law.

09/23/2016 - Bank Of New York Mellon Corporation (The) had its " rating reiterated by analysts at CLSA.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Supplemental Annuity Collective Of Nj owns 22,781 shares or 0.51% of their USA portfolio.

Net interest margin improved 14 basis points to 1.13 percent in the quarter from 0.99 percent in the previous year period.

09/17/2015 - Bank Of New York Mellon Corporation (The) was upgraded to "buy" by analysts at Bank of America Merrill Lynch. The company's institutional ownership is monitored at 83.8 percent. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Longview Partners Guernsey LTD now owns 17,148,086 shares of the company's stock valued at $683,866,000 after buying an additional 286,271 shares in the last quarter.

07/22/2016 - Bank Of New York Mellon Corporation (The) had its " rating reiterated by analysts at Argus. The 52-Week High shows -5.01% with a 52-Week Low of 32.95%. BlackRock Group LTD now owns 8,673,475 shares of the bank's stock valued at $345,898,000 after buying an additional 398,578 shares in the last quarter. The Firm operates businesses through two divisions: Investment Management and Investment Services. Looking back over the last month, shares have performed -2.13%. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Bank of New York Mellon Corp by 101.6% in the fourth quarter.

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