Stock Report for BANK OF NEW YORK MELLON CORPORATION (BK)

3 min readNov 18, 2023

Date: 18/11/2023

Executive Summary:

BANK OF NEW YORK MELLON CORPORATION (NYSE: BK) is Often referred to as BNY Mellon, this holding firm for American investment banking services is based in New York City. This report evaluates the stock’s recent performance and financial health, providing investment recommendations for potential investors.

Company Overview:

One bank holding company that offers financial services is the Bank of New York Mellon Corp. The Investment Services and Investment Management segments are how it conducts business. Broker-dealer services, corporate trust, depositary receipts, foreign exchange, institutional trust, and custody fees are all included in the Investment Services segment. The Investment Management section offers wealth and estate planning, investment management, and other services to institutional and retail investors.

Stock Performance:

Throughout the fiscal year, BK has experienced a modest increase of 2.56%, demonstrating a comparatively subdued performance in relation to its industry counterparts. Notably, a discernible uptick in insider share selling has emerged, potentially presenting an opportune moment to consider divesting from the company’s shares. Taking a glance at the charts there is the possibility of BK rising to the highs of US$ 53.

Financial Analysis:

Market cap — US$ 32.467B
Revenue — US$ 7.118B
Profit — US$ 2.865B
Earnings per share — US$ 1.42 per share

(Regarding earnings per share the amount of dividend received will depend on the performance of the company at the time of dividend payout)

News and Events:

Due to a security breach at the Industrial and Commercial Bank of China (ICBC), access to its settlement platform has been temporarily compromised. Consequently, BNY Mellon has been appointed to facilitate the settlement of ICBC trades until the security breach is effectively addressed and resolved.

Investment Recommendations:

Entering the stock market at US$44.78 with Stock BK has been a fascinating ride amidst its current bullish surge. While I strategically positioned myself for potential retracement to my entry point, the excitement lies in the prospect of even higher gains. As inflation, interest rates, and global events play their roles, the stock’s journey becomes a captivating narrative. I encourage you to delve into your own research, exploring whether Stock BK aligns with your portfolio goals. The unfolding storyline suggests a mix of volatility and opportunity that might just make this stock a compelling addition to your investment portfolio.

Charts:

Taking a look at the charts I am looking for upside towards the purpl line which is around US$ 52.

Conclusion:

BNY Mellon (NYSE: BK), a leading American investment banking services firm based in New York City, has exhibited a modest 2.56% increase in stock performance throughout the fiscal year. Amidst a bullish surge, the stock presents an intriguing investment opportunity, with potential gains and considerations for market factors like inflation and global events. Recent involvement in facilitating ICBC trades due to a security breach adds a dynamic layer. Investors are encouraged to conduct thorough research to determine alignment with their portfolio goals in light of evolving market conditions.

Disclosure:

The author of this report has no ownership or conflicts of interest in BANK OF NEW YORK MELLON CORPORATION.