NYSE:BK

59.73
0.91 (1.55%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts are very interested in US banks, particularly Bank of New York Mellon, considering the current market levels. However, they acknowledge the headwinds affecting the company, such as the impact of rapidly raising interest rates and its involvement in the regional fiasco of March. The stock is currently trading at a valuation similar to the depths of March 2020, indicating a significant potential opportunity for investors.

Consensus
Interested
Valuation
Undervalued
Similar
JPMorgan,JPM
BUY

Very interested in US banks, especially at these levels. Headwinds right now. Raising rates so quickly makes waves, which impact large financial institutions. A custodian bank. Got caught up in March's regional fiasco, and hasn't bounced back yet. Trading at depths of March 2020 valuations.

Financial Services
BUY

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

Financial Services
PAST TOP PICK

(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.

Financial Services
TOP PICK

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%.

Financial Services
DON'T BUY

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.

Financial Services
WEAK BUY

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.

Financial Services
BUY

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.

Financial Services
BUY
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.
Financial Services
WAIT
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)
Financial Services
DON'T BUY
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.
Financial Services
TOP PICK
Best value in the market is in quality names. Less sensitive to interest rates. Attractively priced.
Financial Services
DON'T BUY
First-quarter had a bad set of numbers.Lending businesses have not done too well.Not cheap.
Financial Services
BUY
Comfortable with this bank.
Financial Services
PAST TOP PICK
(Was a top pick on Sept 6 up 10%)
Financial Services
TOP PICK
Good assets. The move from 3 day settlement of stock payments to 1 day is forcing brokers/funds to outsource to this bank.
Financial Services
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Bank of New York Mellon(BK-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

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, 1 stock analyst published opinions about BK-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bank of New York Mellon.

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 on . 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?

1 stock analyst on Stockchase covered Bank of New York Mellon In the last year. It is a trending stock that is worth watching.

What is Bank of New York Mellon stock price?

On 2024-06-24, Bank of New York Mellon (BK-N) stock closed at a price of $59.73.