The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. The company offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services. It also provides mutual funds, separate accounts, wealth management and private banking services; and broker-dealer services, registered investment advisory services, prime brokerage services, and working capital solutions. In addition, the company is involved in credit-related activities, business exits, leasing operations, and corporate treasury activities; and the provision of global markets and institutional banking services. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
The Bank of New York Mellon Corporation earnings per share showed an increasing trend of 25.6% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 346%.Analysts project EPS growth over the next 5 years at 11.51%. It has EPS annual growth over the past 5 fiscal years of 5.1% when sales declined -0.8. It reported 9.4% sales growth, and 9.1% EPS growth in the last quarter.
The stock is trading at $42.06, up 31.17% from 52-week low of $32.2. The stock trades down -6.25% from its peak of $45.45 and 5.61% above the consensus price target of $44.42. Its volume clocked up at 5.63 million shares which is higher than the average volume of 5.61 million shares. Its market capitalization currently stands at $45.53B.
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