Bank Of New York Mellon: Optimistic FY19 Price Target [Seeking Alpha]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
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Source: Seeking Alpha
Bank Of New York Mellon: Optimistic FY19 Price Target Summary I evaluate the Bank of NYM's success growing its interest revenue in association with federal fund rate hikes and how I believe that stems to investor equity growth. The Bank of NYM has exhibited its commitment to its shareholders via favorable dividends and share repurchases. I analyze the Bank of NYM's CET1 and other metrics, and explain why I believe the Bank of NYM is financially stable. I Quantitatively analyze the Bank of NYM and give my forecasted FY19 year-end price target. Thesis The Bank of New York Mellon (NYSE: BK Image Source. Federal Rate Hikes and Interest Revenue Growth The federal funds rate chat has been about and hikes are now anticipated. Per this article The Bank of NYM's Commitment to Shareholders The Bank of NYM has, in my opinion, demonstrated its commitment to its shareholders with a fair dividend yield accommodated by six years of consistent dividend growth, and through its share repurchase program
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BK
News
- BNY Mellon (BK) Rides on High Rates Despite Expense Woes [Yahoo! Finance]Yahoo! Finance
- Europe's rush for rate cuts shifts global market power away from US [Reuters]Reuters
- The Pebble Group PLC Announces Holding(s) in Company [Yahoo! Finance]Yahoo! Finance
- US Faster Payments Council reports on Instant Recurring Payments [Yahoo! Finance]Yahoo! Finance
- BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) Declares Distribution [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/8/24 - Form 144
- BK's page on the SEC website