Bank of New York Mellon

BK-N

Analysis and Opinions about BK-N

Signal
Opinion
Expert
BUY
BUY
August 22, 2016

Much of what they do is transaction based. A non-interest rate sensitive stock. You can make 7-8% over time on your money.

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Much of what they do is transaction based. A non-interest rate sensitive stock. You can make 7-8% over time on your money.

PAST TOP PICK
PAST TOP PICK
September 22, 2015

(A Top Pick May 22/14. Up 14.05%.) This is like a bankers’ bank. It has a big asset service theme. Costs were always running a little bit higher, and there was a bit of a lawsuit with regards to their FX a few years ago. Those things have been settled. Earnings were up about 24% year-over-year in the last quarter, mainly on slight revenue gains, but more importantly on cost cuts. Good leverage to an improving environment. Reasonable dividend of 1.5%, and over time will probably increase this 7%-10% on a total return basis.

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(A Top Pick May 22/14. Up 14.05%.) This is like a bankers’ bank. It has a big asset service theme. Costs were always running a little bit higher, and there was a bit of a lawsuit with regards to their FX a few years ago. Those things have been settled. Earnings were up about 24% year-over-year in the last quarter, mainly on slight revenue gains, but more importantly on cost cuts. Good leverage to an improving environment. Reasonable dividend of 1.5%, and over time will probably increase this 7%-10% on a total return basis.

TOP PICK
TOP PICK
May 22, 2014

Big custodial bank in the US. On multiples on earnings, these custodian banks used to trade at 17-19 times earnings and were considered very safe businesses and had growing earnings. After the financial crisis in 2008 there was a lot of pressure. No one knew what was where and there was a lot more uncertainty than people came to believe. Has been suffering with very low interest rates. Cut some costs and increased investments in a variety of platforms and have been growing earnings. 80% of their revenues just come from fees, not margins. Trading at only 12.5X earnings. Multiple expansion, earnings growth and dividend growth would likely give a good return over the next 3-5 years. Yield of 1.98%.

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Big custodial bank in the US. On multiples on earnings, these custodian banks used to trade at 17-19 times earnings and were considered very safe businesses and had growing earnings. After the financial crisis in 2008 there was a lot of pressure. No one knew what was where and there was a lot more uncertainty than people came to believe. Has been suffering with very low interest rates. Cut some costs and increased investments in a variety of platforms and have been growing earnings. 80% of their revenues just come from fees, not margins. Trading at only 12.5X earnings. Multiple expansion, earnings growth and dividend growth would likely give a good return over the next 3-5 years. Yield of 1.98%.

DON'T BUY
DON'T BUY
July 2, 2013

Done a fantastic job outside the main stream in banking. Well run company but like so many, they have had a big run over the last year and recovered. He doesn’t see enough upside after this run. They will benefit from the rising US economy.

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Done a fantastic job outside the main stream in banking. Well run company but like so many, they have had a big run over the last year and recovered. He doesn’t see enough upside after this run. They will benefit from the rising US economy.

WEAK BUY
WEAK BUY
August 14, 2012

2.3% Dividend. US banks have been well capitalized. In Europe that is not the case. In recovering US you are seeing housing stability and job creation. Europe will benefit from these dynamics. You have to decide if you want mortgage exposure or what. All US banks are okay but you want to pick those that are not very affected by regulatory change. Prefers others.

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2.3% Dividend. US banks have been well capitalized. In Europe that is not the case. In recovering US you are seeing housing stability and job creation. Europe will benefit from these dynamics. You have to decide if you want mortgage exposure or what. All US banks are okay but you want to pick those that are not very affected by regulatory change. Prefers others.

BUY
BUY
August 10, 2012

This is more of a specialty bank. Have a big business in custody services. Have avoided the issues that many of the larger global banks have run into. Good, long-term play over the next few years.

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This is more of a specialty bank. Have a big business in custody services. Have avoided the issues that many of the larger global banks have run into. Good, long-term play over the next few years.

BUY
BUY
October 6, 2011
Great, well-run bank. Transaction oriented rather than retail bank. A legal lawsuit against them on charging clients with FX rates at onerous levels. No issues with things such as Greece, mortgages etc.
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Great, well-run bank. Transaction oriented rather than retail bank. A legal lawsuit against them on charging clients with FX rates at onerous levels. No issues with things such as Greece, mortgages etc.
WAIT
WAIT
August 31, 2011
The problem is that it doesn’t really have much of a driver. Problems in US banks have not gone away. This one is interesting because it is huge in pension fund business – safe keeping, etc. One of the few banks where there has been steady growth in their balance sheet. You would be better off if you wait for a cheaper level ($22 or $21)
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The problem is that it doesn’t really have much of a driver. Problems in US banks have not gone away. This one is interesting because it is huge in pension fund business – safe keeping, etc. One of the few banks where there has been steady growth in their balance sheet. You would be better off if you wait for a cheaper level ($22 or $21)
DON'T BUY
DON'T BUY
October 29, 2010
A stock related, equity type bank. Very big clearing, big fiduciary and big custodian operations. A lower level of volatility way to play North American financials. Prefers Canadian because of currency and taxation of dividends.
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A stock related, equity type bank. Very big clearing, big fiduciary and big custodian operations. A lower level of volatility way to play North American financials. Prefers Canadian because of currency and taxation of dividends.
TOP PICK
TOP PICK
September 24, 2004
Best value in the market is in quality names. Less sensitive to interest rates. Attractively priced.
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Best value in the market is in quality names. Less sensitive to interest rates. Attractively priced.
DON'T BUY
DON'T BUY
August 6, 2003
First-quarter had a bad set of numbers.Lending businesses have not done too well.Not cheap.
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First-quarter had a bad set of numbers.Lending businesses have not done too well.Not cheap.
BUY
BUY
Comfortable with this bank.
PAST TOP PICK
PAST TOP PICK
December 13, 2001
(Was a top pick on Sept 6 up 10%)
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(Was a top pick on Sept 6 up 10%)
TOP PICK
TOP PICK
September 6, 2001
Good assets. The move from 3 day settlement of stock payments to 1 day is forcing brokers/funds to outsource to this bank.
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Good assets. The move from 3 day settlement of stock payments to 1 day is forcing brokers/funds to outsource to this bank.
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Bank of New York Mellon(BK-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Bank of New York Mellon is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bank of New York Mellon(BK-N) Frequently Asked Questions

What is Bank of New York Mellon stock symbol?

Bank of New York Mellon is a American stock, trading under the symbol BK-N on the New York Stock Exchange (BK). It is usually referred to as NYSE:BK or BK-N

Is Bank of New York Mellon a buy or a sell?

In the last year, there was no coverage of Bank of New York Mellon published on Stockchase.

Is Bank of New York Mellon a good investment or a top pick?

Bank of New York Mellon was recommended as a Top Pick by John Burke on 2016-08-22. Read the latest stock experts ratings for Bank of New York Mellon.

Why is Bank of New York Mellon stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bank of New York Mellon worth watching?

In the last year, there was no coverage of Bank of New York Mellon published on Stockchase.

What is Bank of New York Mellon stock price?

On 2020-02-28, Bank of New York Mellon (BK-N) stock closed at a price of $39.9.