Bank of New York Mellon Corporation (BK) shows a promising profile with several noteworthy instances of growth and progress. Over five years, the **total return surpassed the earnings growth** for its investors. The institutional ownership of BK stocks speaks volumes with an impressive 88-89% of the corporation being held by institutional owners. This, no doubt, points to the trust and confidence exhibited by the marketplace. The corporation reported positive investor activity with entities like **Callan Family Office LLC**, **Inceptionr LLC**, **Atria Investments Inc**, etc., initiating or increasing their stake in BK. Further advances were highlighted as the **stock price target was raised to $96.00** and **BK reached a new 52-week high** after an analyst upgrade. In terms of income, BNY Mellon's **DMB maintained its dividend payout** and declared a new **$500M preferred stock offering**. In the recent past, BK has also reported **favorable Q4 2024 earnings** and **record net income**, surpassing revenue expectations. Evaluating from the dividend, asset management, and recent earnings perspective, BK shows substantial upside potential.
Bank of New York Mellon Corporation BK News Analytics from Mon, 26 Aug 2024 07:00:00 GMT to Sat, 08 Mar 2025 18:37:52 GMT -
Rumor 2
