Last $37.72 USD
Change Today +0.09 / 0.24%
Volume 5.1M
BK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

bank of new york mellon corp (BK) Snapshot

Open
$37.15
Previous Close
$37.63
Day High
$37.78
Day Low
$37.12
52 Week High
07/1/14 - $38.31
52 Week Low
07/11/13 - $29.43
Market Cap
43.0B
Average Volume 10 Days
6.1M
EPS TTM
$2.50
Shares Outstanding
1.1B
EX-Date
04/23/14
P/E TM
15.1x
Dividend
$0.68
Dividend Yield
1.64%
Current Stock Chart for BANK OF NEW YORK MELLON CORP (BK)

bank of new york mellon corp (BK) Details

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. This segment offers various equity, fixed income, cash, and alternative/overlay products; and investment management, wealth and estate planning, and private banking solutions to high-net-worth individuals and families, family offices, charitable gift programs, endowments, and foundations. The company’s Investment Services segment provides custody and related services, broker-dealer services, collateral services, corporate trust and depositary receipt, and clearing services, as well as payment/working capital solutions to financial institutional clients. This segment’s financial solutions include custody, fund services, securities lending, investment manager outsourcing, performance and risk analytics, alternative investment services, securities clearance, collateral management, corporate trust, depositary receipt programs, cash management solutions, payment services, liquidity services and other linked revenues, foreign exchange, clearing and execution, managed account services, and prime brokerage solutions. This segment serves corporations, public funds and government agencies, foundations, and endowments; financial institutions, including banks, broker-dealers, asset managers, insurance companies, and central banks; financial intermediaries and independent registered investment advisors; and hedge fund managers. The company is also involved in credit-related activities, business exits, leasing operations, and corporate treasury activities; and the provision of global markets and institutional banking services. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

51,400 Employees
Last Reported Date: 05/9/14
Founded in 1784

bank of new york mellon corp (BK) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $1.0M
President and President of BNY Mellon NA
Total Annual Compensation: $550.0K
Vice Chairman and Chief Financial Officer
Total Annual Compensation: $650.0K
Vice Chairman and Chief Executive Officer of ...
Total Annual Compensation: $625.0K
Vice Chairman and Chief Executive Officer of ...
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2013.

bank of new york mellon corp (BK) Key Developments

Bank of New York Mellon Corp. Faces Legal Action by Argentinian Bondholders

The Bank of New York Mellon Corp.'s ongoing problems with Argentinian bondholders has taken a new twist as funds holding the restructured bonds have begun legal actions against the bank in a Belgian court. The funds also took action against Euroclear. For BNY Mellon, it comes down to a $539 million deposit it received late last month from the Argentine government against U.S. Judge Thomas Griesa's orders. BNY Mellon last week sought guidance from Griesa on how to handle the situation. The bank was in a delicate situation, facing a potential lawsuit by the Argentine bondholders but also dealing with a U.S. court order blocking payment. Griesa said the Argentine government had to pay bondholders that accepted two sovereign debt restructurings at the same time it paid investors that held out from the exchanges and won a court-awarded $1.33 billion plus interest. Griesa has said BNY Mellon should return the money to Argentina but did not provide instructions. If Argentina does not reach a deal with the bondholders by the end of July, the country risks another sovereign debt crisis. The funds are saying the payment made to a BNY Mellon account at Central Bank of Argentina should be sent to a Belgian entity in Frankfurt, then to investors through clearinghouses in Europe and that Griesa's orders should not disrupt the process.

BNY Mellon Announces Executive Changes

BNY Mellon has appointed Werner Taiber as new country executive for Germany in addition to his role and responsibilities as CEO of Meriten Investment Management. Taiber replaces Fred Bromberg, who is leaving Germany to take on an expanded role as a senior client executive within BNY Mellon's global client management group, based in New York and reporting to Karen Peetz, president of BNY Mellon. Bromberg will remain a member of the German management committee while he works with Taiber to ensure a seamless transition. Taiber takes up his new role effective July 1, 2014. He will continue to be based in Dusseldorf, reporting to Michael Cole-Fontayn, BNY Mellon's chairman of Europe, Middle East & Africa, and Mitchell Harris, president, BNY Mellon Investment Management. As regional executive, Werner will lead the company's local management team in executing organic growth plans, implementing client coverage and servicing model and developing strong relationships with regulators.

Brookfield Office Properties, Inc. Signs 20-Year Lease with Bank of New York Mellon in Lower Manhattan

Brookfield Office Properties Inc. has signed a 20-year lease with Bank of New York Mellon, for approximately 350,000sqft on floors 17 to 23 at 225 Liberty Street, Lower Manhattan.

 

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Industry Analysis

BK

Industry Average

Valuation BK Industry Range
Price/Earnings 14.8x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 14.1x
TEV/Sales NM Not Meaningful
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