The Bank of New York Mellon Corporation with ticker code (BK) have now 15 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $70.00 and $58.00 with the average target price sitting at $63.76. Now with the previous closing price of $55.05 this would imply there is now a potential upside of 15.8%. Also worth taking note is the 50 day moving average now sits at $55.73 and the 200 day MA is $48.88. The total market capitalization for the company now stands at 41.48B. The stock price for the company is currently $55.09 USD
The potential market cap would be $48,037,932,750 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 14.24, revenue per share of $22.17 and a 0.81% return on assets.
The Bank of New York Mellon Corporation is a global company. The Company’s businesses are divided into three business segments: Securities Services, Market and Wealth Services and Investment and Wealth Management. The Company also includes Other segment, which includes the leasing portfolio, corporate treasury activities, including its securities portfolio, derivatives and other trading activities, corporate and bank-owned life insurance, renewable energy and other corporate investments. The Company’s two principal United States banking subsidiaries include The Bank of New York Mellon, a New York state-chartered bank, which houses its Securities Services businesses, including asset servicing and issuer services and certain market and Wealth Services businesses, including treasury services and clearance and collateral management, as well as the bank-advised business of investment management and BNY Mellon, National Association, which houses its wealth management business.
