|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||54.87 - 55.50|
|52-week range||45.12 - 58.99|
|PE ratio (TTM)||14.78|
|Earnings date||18 Apr 2018 - 23 Apr 2018|
|Forward dividend & yield||0.96 (1.75%)|
|1y target est||60.13|
Expectations were high for Charlie Scharf’s debut investor day at BNY Mellon . The former JPMorgan Chase banker, an acolyte of Jamie Dimon, had been hired as chief executive last summer from Visa , the ...
Bank of New York Mellon Corp. won a contract to be custodian for as much as 13 billion euros ($16 billion) in back taxes that Apple Inc. will pay to Ireland, according to a person familiar with the matter....
Wall Street analysts are expecting a limited upside for asset managers (VFH) as well as broader indexes in 2018, largely due to heated valuations and expected corrections. Among major asset managers, BlackRock (BLK) has 12 “buys” and “strong buys” from analysts as of February 2018 compared to 11 in December 2017. Analysts have given BlackRock a price target of $617.3 on a next-12-month basis.
Investors are looking at alternative asset classes for deploying funds and also investing in equities in Japan and Europe amid weakening US equity performances. Among the major institutions, BlackRock (BLK) is expected to post EPS (earnings per share) of $6.42 in 1Q18 and $6.85 in 2Q18, compared to $5.25 and $5.24, respectively, in the prior year’s periods. Among BlackRock’s peers, the Bank of New York Mellon (BK) is expected to post EPS of $0.95 in 1Q18 and $1.0 in 2Q18. BK expects to see a sequential rise of $0.04 in its EPS, aided by growth in equity holdings, core banking operations, and investment banking growth.
The company has declared a quarterly dividend of $2.88 in 2018 compared to $2.50 in 4Q17, forming an annualized yield of 2.1%. Asset managers (VFH) have maintained dividend yields in the range of 1.5%–2.0% aided by a rise in broader markets, wealth generation, and fund flows toward new offerings. Asset managers could see relatively low returns on equity holdings in 1H18 due to the stock market rout as well as a shift in investments, a fall in the dollar index, and a higher fiscal deficit.
BNY Mellon Asset Management North America Chief Economist Vincent Reinhart discusses Fed policy, and talks about the markets and U.S. economy. Reinhart speaks on "Bloomberg Daybreak: Australia." ...
No one person's commentary about the stock market commands quite as much attention as that of Warren Buffett. Should you be following in Buffett's footsteps by buying the same stocks? Let's take a closer look.
NEW YORK, Feb. 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Dow ...
Some of Wall Street’s biggest banks asked a federal judge to throw out an antitrust lawsuit alleging they conspired to keep the U.S. stock-loan market "in the Stone Age" to protect billions of ...
Bank of New York Mellon Corp. and State Street Corp. stand to benefit most as U.S. regulators rush to ease a key leverage rule, giving the custody-banking giants room to once again accept deposits they’ve ...
The managers with diversified offerings across product and asset classes can garner high growth rates in 2018. Among the major asset managers, BlackRock (BLK) is expected to post sequential and year-over-year growth in earnings per share (or EPS) to $6.38 in 1Q18 and $6.83 in 2Q18, compared with $5.25 and $5.24, respectively, in 1Q17 and 2Q17. Retail institutions seem to prefer debt and multi-asset options.
• Senate reaches plan to end U.S. Federal Government shutdown • Investor optimism reaches the highest level since 1986 • US manufacturing continues to defy conventional thinking, rising for a fourth straight month • US oil production set to upend global trade – Reuters • IEA sees explosive growth in US oil output as prices rally – Bloomberg • 75% of US truckers expect volume to rise in the next six months and 70% expect rates to rise