|Bid||52.43 x 1200|
|Ask||53.50 x 800|
|Day's range||51.47 - 52.85|
|52-week range||49.39 - 58.99|
|PE ratio (TTM)||12.60|
|Earnings date||18 Oct 2018|
|Forward dividend & yield||1.12 (2.17%)|
|1y target est||59.69|
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of New York Mellon (BK) have what it takes? Let's find out.
Bank of New York Mellon Corp. fell the most in two years after Chief Executive Officer Charles Scharf said that investors looking for a quick improvement in the bank’s performance needed to be patient. “We are focused on increasing the rate of revenue growth,” he said on a conference call. “Given the nature of our business it takes time.” Scharf also painted a mixed picture of the business, saying there were “pockets of strength,” as well as “softness,” in the investment management unit which experienced outflows.
Microsoft earnings will be a highlight for investors on Thursday as trade stories continue to dominate the economic discussion.
Shares of BNY Mellon (BK) added 2.9% during regular hours Wednesday, the last day of trading before the company releases its latest quarterly earnings report. Here's what to expect on Thursday.
While higher rates, along with modest loan growth, is expected to positively impact BNY Mellon's (BK) net interest revenues in Q2, the expectation of a decline in fee revenues might hurt top line.
NEW YORK, June 27, 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 DXC ...
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. The Bank of New York MellonRead More...
Bank of New York Mellon Corp. plucked the new chief executive officer of its wealth management unit from the world of nonprofit investing. Catherine Keating joins BNY Mellon on July 9, the New York-based bank said Thursday in a statement. Commonfund named Mark Anson, its chief investment officer, to replace Keating, the Wilton, Connecticut firm, said Thursday in a separate statement.
One of the most difficult industry to value is capital markets, given that they adhere to different rules compared to other companies. Asset managers, for example, must hold certain levelsRead More...
BlackRock (BLK) stock has risen 12.5% over the past six months and 36.3% over the past year, helped by inflows in its iShares and Retail offerings. In comparison, the S&P 500 ETF (SPY) has risen 13.0% over the past year. BlackRock’s performance in 2018 is expected to be impacted by high equity valuations, faster rate hikes, and global issues such a potential trade wars and relations with North Korea. In 2017, the company added record new flows of $367.0 billion, or ~6.0% of its total AUM (assets under management) of $6.3 trillion.
Analysts expect subdued returns for non-diversified asset managers (XLF) in 2018 compared to 2017. This trend is primarily due to high valuations of equities, rising interest rates, and shifting of funds toward commodities that result in higher input prices.
This growth is expected to come from ETFs and its Retail segment’s offerings, partially offset by weaker performance in the Institutional segment. ETFs are expected to see subdued flows due to outflows from debt in the first quarter.
BlackRock (BLK) is giving consistent returns to shareholders in the form of dividends and repurchases backed by consistent operating performance. The company declared a quarterly dividend of $2.88 in the first quarter compared to $2.50 in the first quarter of 2017, forming an annualized yield of 2.2%. The Trump administration’s tax cuts are expected to help equities command higher premiums as well as a long-term shift toward equities rather than debt offerings.
BNY Mellon (BK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Ireland expects to have completed collecting the disputed taxes the EU is demanding from Apple (AAPL) by the end of 3Q18. The EU is demanding that Ireland recovers nearly $16 billion in alleged unpaid taxes from Apple. The EU’s tax claim is based on a 2016 ruling by the European Commission that Ireland extended unfair tax incentives to Apple.
Despite the tax dispute between Apple (AAPL) and the EU (European Union), which has received a lot of press coverage recently, Apple has been a big boost to Europe’s economy. According to a report released recently by the IMF (International Monetary Fund), iPhone sales accounted for as much as a quarter of Ireland’s economic growth in 2017. The Irish economy grew 7.8% in 2017, and it’s projected to grow 4.5% in 2018 and 4.0% in 2019.
Of the 19 analysts covering TD Ameritrade (AMTD) in April 2018, seven have recommended “strong buy,” five have recommended “buy,” six have recommended “hold,” and one has recommended “strong sell.” In March 2018, eight analysts recommended “strong buy,” three recommended “buy,” seven recommended “hold,” and one recommended “strong sell.”
Snap-On (SNA), which designs, manufactures, and markets high-end tools and equipment for professional use in the transportation industry, was the S&P 500’s second-best performer on April 19. After declining for two weeks, Snap-On started this week on a mixed note and declined as the week progressed. However, Snap-On opened higher on Thursday and surged to four-week high price levels.
The S&P 500’s top gainers on April 19 were: American Express (AXP) gained 7.6%. Snap-On (SNA) gained 6.2%. Bank of New York Mellon (BK) gained 5.7%. W.W. Grainger (GWW) gained 5.3%. KeyCorp (KEY) gained 3.6%. American Express