Bank Of New York Mellon (BK) Getting Somewhat Positive Media Coverage, Report Finds
News headlines about Bank Of New York Mellon (NYSE:BK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank Of New York Mellon earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.7084104791568 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
- Hot Stock under Consideration: The Bank of New York Mellon Corporation (NYSE: BK) – Alpha Beta Stock (alphabetastock.com)
- Fed says will begin publishing new reference rates in second quarter 2018 (reuters.com)
- Bank of New York Mellon (The) — Moody’s affirms The Bank of New York Mellon’s SQ assessment as a master servicer (finance.yahoo.com)
- BNY Mellon Says Royal Park’s Proposed Class Still Lacking (law360.com)
- Bank Of New York Mellon (BK) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
Bank Of New York Mellon (BK) traded up $0.45 during mid-day trading on Friday, hitting $54.67. The stock had a trading volume of 4,470,000 shares, compared to its average volume of 4,561,581. Bank Of New York Mellon has a 1 year low of $43.85 and a 1 year high of $55.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $55,983.28, a price-to-earnings ratio of 15.76, a PEG ratio of 1.99 and a beta of 1.22.
Bank Of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts forecast that Bank Of New York Mellon will post 3.54 earnings per share for the current year.
BK has been the topic of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and set a $58.00 price objective on shares of Bank Of New York Mellon in a report on Thursday, August 31st. UBS downgraded Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a report on Friday, September 8th. Jefferies Group reissued a “hold” rating and set a $56.00 price objective on shares of Bank Of New York Mellon in a report on Friday, September 15th. Zacks Investment Research downgraded Bank Of New York Mellon from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Finally, Citigroup reissued a “neutral” rating and set a $56.00 price objective (up previously from $53.00) on shares of Bank Of New York Mellon in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.28.
In related news, Vice Chairman Brian T. Shea sold 22,228 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $51.26, for a total value of $1,139,407.28. Following the completion of the sale, the insider now directly owns 181,815 shares of the company’s stock, valued at approximately $9,319,836.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gerald L. Hassell sold 24,280 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $51.69, for a total value of $1,255,033.20. Following the completion of the sale, the chairman now directly owns 857,899 shares of the company’s stock, valued at $44,344,799.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,708,334 shares of company stock valued at $404,956,863. Corporate insiders own 3.60% of the company’s stock.
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Bank Of New York Mellon Company Profile
The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.
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