Last Updated: 08 Nov 2024
Executive Summary
Bank of New York Mellon (BK) is a multinational investment banking services holding company with a strong market capitalization of $564.87 billion. The company has a solid financial performance, with a trailing PE ratio of 17.38, a forward PE ratio of 12.05, and a dividend yield of 0.024%. Analysts are bullish on BK, with a consensus rating of "Buy" and an average target price of $81.31.
Company Overview
BNY Mellon provides a wide range of financial services, including asset management, investment banking, and wealth management. The company has a global presence, with operations in over 35 countries. BK is known for its strong track record of innovation and its commitment to customer service.
Fundamental Analysis
Revenue: BK's revenue has grown steadily in recent years, reaching $178.01 billion in the trailing twelve months (TTM). The company's revenue is well-diversified across its various business lines.
Earnings: BK's earnings per share (EPS) has also grown in recent years, reaching $4.47 in the TTM. The company's profit margin is 0.2%, and its operating margin is 0.332%.
Valuation: BK's trailing PE ratio of 17.38 is in line with the industry average. However, the company's forward PE ratio of 12.05 is attractive, suggesting that the stock is undervalued.
Technical Analysis
Trend: BK's stock price has been in an uptrend since March 2023. The stock is currently trading above its 50-day and 200-day moving averages.
Support and Resistance: The stock has support at $75 and resistance at $80.
Momentum: BK's stock has strong momentum, with a relative strength index (RSI) of 65.
Short Term Outlook
In the short term, BK's stock is expected to continue its uptrend. The stock is trading above its key moving averages and has strong momentum. The stock is likely to test resistance at $80 in the coming weeks.
Long Term Outlook
In the long term, BK's stock is expected to perform well. The company has a strong financial foundation and is well-positioned to benefit from the growing demand for financial services. The stock is likely to appreciate in value over the next several years.
Analyst Recommendations
Analysts are bullish on BK, with a consensus rating of "Buy." The average target price for the stock is $81.31, which represents a potential upside of 5.3% from the current price of $77.11.
