In Friday’s Wall Street session, Bank Of New York Mellon Corp (NYSE:BK) shares traded at $88.60, down -1.24% from the previous session.
BK stock price is now 5.72% away from the 50-day moving average and 10.65% away from the 200-day moving average. The market capitalization of the company currently stands at $63.39B.
With the price target maintained at $97, Truist recently Downgraded its rating from Buy to Hold for Bank Of New York Mellon Corp (NYSE: BK). , while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, McCarthy J Kevin, SEVP & General Counsel sold 30,000 shares of the company’s stock on Apr 29 ’25. The stock was sold for $2,370,900 at an average price of $79.03. Upon completion of the transaction, the SEVP & General Counsel now directly owns 55,115 shares in the company, valued at $4.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’25, Officer McCarthy J. Kevin bought 30,000 shares of the business’s stock. A total of $2,367,300 was incurred on buying the stock at an average price of $78.91. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of New York Mellon Corp has had a low of $57.18 and a high of $90.62. According to the stock market information, the enterprise value for the company is -$29337522176, which is based on a 14.44 price-to-earnings ratio, a 1.12 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for BK is $83.8052 and a two-hundred day moving average price translates $80.0751 for the stock.
The latest earnings results from Bank Of New York Mellon Corp (NYSE: BK) was released for 2025-03-31. The net profit margin was 11.35% and return on equity was 11.29% for BK. The company reported revenue of $6.12 billion for the quarter, compared to $6.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.44 percent.
