Bank of New York Mellon (BK)
Market Price (12/18/2025): $113.535 | Market Cap: $81.2 BilSector: Financials | Industry: Asset Management & Custody Banks
Bank of New York Mellon (BK)
Market Price (12/18/2025): $113.535Market Cap: $81.2 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0% | Trading close to highsDist 52W High is -4.3%, Dist 3Y High is -4.3% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 20x |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -213% | Key risksBK key risks include [1] litigation and legal liabilities from regulatory non-compliance, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 3.8 Bil, FCF LTM is 2.4 Bil | ||
| Low stock price volatilityVol 12M is 24% | ||
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Fintech & Digital Payments, and Sustainable Finance. Themes include Digital Asset Custody, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -213% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 3.8 Bil, FCF LTM is 2.4 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, Fintech & Digital Payments, and Sustainable Finance. Themes include Digital Asset Custody, Show more. |
| Trading close to highsDist 52W High is -4.3%, Dist 3Y High is -4.3% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 20x |
| Key risksBK key risks include [1] litigation and legal liabilities from regulatory non-compliance, Show more. |
Valuation, Metrics & Events
BK Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
The search results provide information up to December 17, 2025, which is "today" according to the current time. This means I can analyze the stock movement within the requested timeframe. I need to calculate the stock movement from 8/31/2025 to today (12/18/2025). The most recent stock price data I have is for December 17, 2025, from Source 10 and 16, where it states the closing price on December 17, 2025, was $113.56 or $114.35 on Dec 16, 2025. Let's use $113.56 for December 17, 2025. For August 31, 2025, I need to find the stock price. The search results show stock prices up to December 17, 2025. I need to find the price for August 31, 2025. Source 11 mentions "Insufficient new directors. Aug 31." but no stock price for that date. Source 17 lists Q3 2025 as starting around October 31, 2025. Source 12 lists historical data up to Dec 5, 2025, but doesn't go back to August 2025. Let's refine the search to get the closing price for BK on or around August 31, 2025. Given the existing search results, finding the exact closing price for August 31, 2025, is proving difficult from the initial set of searches. However, some sources provide a range and general outlook for 2025. Let's assume an initial stock price is given implicitly, or I should find it. The prompt specifies "why the stocked moved by 8.1%". This 8.1% is a given, so I don't need to calculate the movement. I need to find the *reasons* for this movement. The search results contain news and financial reports for BNY Mellon in 2025, including Q2 and Q3 earnings, analyst ratings, and company initiatives. Key points identified from the search results for the period from August 31, 2025, to December 18, 2025 (or the most recent available date in December 2025): 1. **Strong Q3 2025 Financial Results:** BNY Mellon reported strong third-quarter 2025 earnings on October 16, 2025. Total revenue increased 9% year-over-year to $5.1 billion, net income applicable to common shareholders was up 21% to $1.33 billion, and earnings per share rose 25% to $1.88. Net interest income increased 18% and non-interest expenses were up 4%. The company also returned $1.2 billion of capital to common shareholders. Management expressed optimism about strategic direction, transformation programs, and AI technology integration. 2. **Digital Assets and Platform Innovation:** In Q2 2025, BNY Mellon secured high-profile stablecoin custody mandates with Societe Generale (June 2025) and Ripple (July 2025). The bank continues to leverage early investments in digital assets, offering services from issuance to custodianship, including bitcoin custody services in 100 global markets. BNY also launched a Stablecoin Reserves Fund in November 2025, further expanding its leadership in digital assets. Additionally, WisdomTree appointed BNY for Banking-as-a-Service infrastructure for digital assets in October 2025. 3. **Positive Operating Leverage and Efficiency from Operating Model Transformation:** The company achieved approximately 500 basis points of positive operating leverage in Q2 2025, with 50% of its workforce operating within a new platform operating model. Widespread adoption of the Eliza AI platform and initial deployment of digital employees are seen as foundational for future efficiency gains. 4. **Analyst Consensus and Forecasts:** As of December 16, 2025, 14 analysts had a "Buy" consensus rating for BK, with 36% recommending a Strong Buy, 29% a Buy, and 36% a Hold. The average price target was $111.86 as of December 17, 2025, with a forecast of 0.00% increase from current stock price. Expectations included earnings per share growth of 9% in 2025 and 11% in 2026, and a near 28% return on tangible common equity. 5. **Participation in U.S. Government's Investment Initiative for Children:** On December 11, 2025, BNY Mellon announced its participation in a U.S. government investment initiative for children, where it will match the federal government's $1,000 contribution for eligible newborns of its U.S. employees. This initiative aims to expand access to savings and financial opportunities. I have 5 key points now. I need to format them in HTML as requested. I do not need to calculate the 8.1% movement, just highlight the reasons *for* an 8.1% movement, assuming it occurred. I need to make sure I don't include any disclaimers or apologies. The start date is 8/31/2025. Q3 earnings (October 16, 2025) fall within this period. Other news such as the stablecoin fund (November 2025) and the children's investment initiative (December 2025) also fall within this period. I should also ensure that the tone is factual and directly answers the request. The prompt implies that the stock *did* move by 8.1%. My task is to explain why, using the found information. I am not to confirm or deny the 8.1% movement itself. Let's double check insider selling/buying exceeding USD 5 million. I did not find any such information in the search results. So, I will not include it. Final check on formatting: - HTML formatting - Number each point using plain text rather than HTML numbered lists. - Bold each point including the number using HTML tags. - Separate points from each other using two HTML breaks. - If there is text preceding the first point, separate that from the first point using two HTML breaks. - Limit HTML tags in output used to bold and breaks only. The search results for stock price history show: - Dec 5, 2025: $114.02 - Dec 16, 2025: $114.35 - Dec 17, 2025: $113.56 There is no direct closing price for August 31, 2025. I will focus on providing the key points as requested, explaining *why* such a movement could have occurred, assuming the 8.1% movement is a given premise. I cannot confirm the exact 8.1% movement without precise historical data for August 31, 2025. However, the prompt is about highlighting *reasons* for a given movement, not confirming the movement itself. Let's use the current information.
Show moreStock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BK Return | -13% | 41% | -19% | 19% | 52% | 52% | 171% |
| Peers Return | 18% | 39% | -11% | 10% | 31% | 30% | 171% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| BK Win Rate | 50% | 67% | 42% | 58% | 83% | 75% | |
| Peers Win Rate | 62% | 63% | 48% | 48% | 65% | 67% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| BK Max Drawdown | -45% | -6% | -34% | -11% | -0% | -4% | |
| Peers Max Drawdown | -42% | -3% | -32% | -19% | -7% | -16% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, MS, SCHW, BLK, STT. See BK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | BK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.4% | -25.4% |
| % Gain to Breakeven | 70.7% | 34.1% |
| Time to Breakeven | 639 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -46.6% | -33.9% |
| % Gain to Breakeven | 87.3% | 51.3% |
| Time to Breakeven | 409 days | 148 days |
| 2018 Correction | ||
| % Loss | -29.6% | -19.8% |
| % Gain to Breakeven | 42.1% | 24.7% |
| Time to Breakeven | 785 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.8% | -56.8% |
| % Gain to Breakeven | 176.5% | 131.3% |
| Time to Breakeven | 3021 days | 1480 days |
Compare to JPM, MS, SCHW, BLK, STT
In The Past
Bank of New York Mellon's stock fell -41.4% during the 2022 Inflation Shock from a high on 2/9/2022. A -41.4% loss requires a 70.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to BK. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.1% | 14.1% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 5.1% | 5.1% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.4% | -2.4% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.6% | 4.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -9.0% | -9.0% | -11.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.1% | 14.1% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 5.1% | 5.1% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.4% | -2.4% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.6% | 4.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -9.0% | -9.0% | -11.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Bank of New York Mellon
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 151.08 |
| Mkt Cap | 169.7 |
| Rev LTM | 22,900 |
| Op Inc LTM | 7,721 |
| FCF LTM | -4,004 |
| FCF 3Y Avg | 901 |
| CFO LTM | -2,216 |
| CFO 3Y Avg | 1,519 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.4% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 15.3% |
| QoQ Delta Rev Chg LTM | 3.6% |
| Op Mgn LTM | 33.7% |
| Op Mgn 3Y Avg | 35.3% |
| QoQ Delta Op Mgn LTM | -1.9% |
| CFO/Rev LTM | -4.5% |
| CFO/Rev 3Y Avg | 6.8% |
| FCF/Rev LTM | -8.3% |
| FCF/Rev 3Y Avg | 2.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 169.7 |
| P/S | 4.5 |
| P/EBIT | 20.6 |
| P/E | 15.5 |
| P/CFO | -6.6 |
| Total Yield | 6.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -1.2% |
| D/E | 0.5 |
| Net D/E | -0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.7% |
| 3M Rtn | 5.9% |
| 6M Rtn | 20.7% |
| 12M Rtn | 34.0% |
| 3Y Rtn | 102.1% |
| 1M Excs Rtn | 5.0% |
| 3M Excs Rtn | 3.2% |
| 6M Excs Rtn | 8.3% |
| 12M Excs Rtn | 21.3% |
| 3Y Excs Rtn | 25.6% |
Segment Financials
Revenue by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Securities Services | 8,598 | 8,032 | 7,244 | 7,375 | |
| Market and Wealth Services | 5,870 | 5,282 | 4,741 | 4,806 | |
| Investment and wealth management | 3,155 | 3,550 | 4,042 | 3,692 | 3,721 |
| Other | 72 | -474 | -108 | -74 | 728 |
| Amortization of intangible assets | -117 | ||||
| Bank assessment charges | -125 | ||||
| Investment Services | 11,987 | ||||
| Provision for credit losses | -25 | ||||
| Total | 17,695 | 16,390 | 15,919 | 15,799 | 16,169 |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/16/2025 | -2.0% | -1.7% | 2.4% |
| 7/15/2025 | -0.1% | 3.5% | 9.4% |
| 4/11/2025 | 1.4% | -0.4% | 14.4% |
| 1/15/2025 | 8.0% | 11.0% | 15.0% |
| 10/11/2024 | -0.4% | 4.4% | 4.1% |
| 7/12/2024 | 5.2% | 3.3% | 4.5% |
| 4/16/2024 | -2.0% | 3.8% | 6.7% |
| 1/12/2024 | 4.0% | 5.2% | 6.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 17 |
| # Negative | 11 | 10 | 7 |
| Median Positive | 4.0% | 3.6% | 8.6% |
| Median Negative | -2.0% | -4.4% | -7.2% |
| Max Positive | 8.0% | 11.0% | 15.0% |
| Max Negative | -7.8% | -9.8% | -9.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 5022025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8022024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2282024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11072022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |