The Bank of New York Mellon Corporation with ticker code (BK) now have 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 $62.00 and $45.00 suggesting an average Analsyt target price of $52.30. Given that the stocks previous close was at $42.34 this would imply there is now a potential upside of 23.5%. The 50 day moving average now sits at $43.18 and the 200 day MA is $44.86. The market cap for the company is 32.97B. The stock price is currently at: $42.34 USD
The potential market cap would be $40,725,488,967 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 9.91, revenue per share of $21.45 and a 0.87% 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.
