BK
Bank of New York Mellon Corp
BK—
Bank of New York Mellon Corp AI Insights
Informational only. Not investment advice.Snapshot
- Net margin TTM 27% vs industry median 25.7% with 5.2B net income - top-tier profitability for custody bank scale[Net Margin TTM]
- Goodwill 16.8B is 43% of common equity (39B) - acquisition-heavy model creates impairment exposure[Goodwill]
- FCF TTM 1.6B vs operating cash flow 3.1B - 49% conversion rate constrained by 1.5B capex[Free Cash Flow TTM]
Watch Triggers
- Goodwill: Impairment charge >1B or goodwill/equity ratio exceeds 50% — Would signal acquisition strategy destroying value; directly hits equity
- Net Margin TTM: Drops below 22% for two consecutive quarters — Fee compression from competition or rate pressure would erode moat
- ROE TTM: Falls below 10% (industry median) — Loss of return premium would eliminate valuation support
Bull Case
Dominant custody/clearing franchise with 27% net margin and 13.7% ROE TTM - scale advantages compound as AUC grows without proportional cost increases
Net Margin TTMROE TTMTotal Revenue TTM
Cash position of 119.9B (26% of assets) provides optionality for M&A, buybacks, or weathering credit stress
Cash and EquivalentsTotal Assets
Bear Case
Tangible book 16.7B vs common equity 39B - 57% of equity is intangibles, vulnerable to goodwill writedowns in downturn
Tangible Book ValueGoodwill and Other Intangible Assets
FCF of 1.6B supports limited capital return; 30.6B financing outflow TTM signals aggressive balance sheet management
Free Cash Flow TTMCash Flow from Continuing Financing Activities
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
58%
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Forward Thesis
Fee-based custody model insulates BK from rate cycle volatility better than traditional banks
1-3ymed
- Interest expense 21B reflects deposit funding, not credit risk
- Asset-light model with PPE only 3.5B on 455B assets
- ROIC 6.8% vs median 4.1% shows capital efficiency
ROE 13.7% vs median 10% despite low leverageAsset turnover 4.4% vs median 3.8%Debt/equity 0.89 conservative for sector
Valuation Context
Caveats
Public Strategies Rankings
See how Bank of New York Mellon Corp ranks across different investment strategies.
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BK Fundamentals
Finance and Insurance → Credit Intermediation and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$86.49B | — | ||
$1.56B | — | ||
17 | — | ||
$19.41B | +9.6% | — | |
$7.15 | +27.7% | — | |
0% | — | ||
27.0% | +6.9% | — | |
$1.56B | — | ||
0.14 | +4.0% | — | |
Beta 5Y (Monthly) | unknown | — |
BK Dividend History
106 dividends
2026
$0.530001/23/26$0.5300
2025
$2.000010/27/25$0.5300
07/25/25$0.5300
04/21/25$0.4700
01/27/25$0.4700
2024
$1.780010/21/24$0.4700
07/22/24$0.4700
04/25/24$0.4200
01/19/24$0.4200
2023
$1.580010/26/23$0.4200
07/27/23$0.4200
04/27/23$0.3700
01/20/23$0.3700
2022
$1.420010/26/22$0.3700
07/22/22$0.3700
04/27/22$0.3400
01/28/22$0.3400
2021
$1.300010/29/21$0.3400
07/26/21$0.3400
04/27/21$0.3100
01/29/21$0.3100
2020
$1.240010/27/20$0.3100
07/24/20$0.3100
04/27/20$0.3100
01/24/20$0.3100
2019
$1.180010/25/19$0.3100
07/26/19$0.3100
04/26/19$0.2800
01/25/19$0.2800
2018
$1.040010/29/18$0.2800
07/30/18$0.2800
04/30/18$0.2400
01/29/18$0.2400
2017
$0.860010/30/17$0.2400
07/28/17$0.2400
04/28/17$0.1900
01/27/17$0.1900
2016
$0.720010/28/16$0.1900
07/29/16$0.1900
04/29/16$0.1700
01/29/16$0.1700
2015
$0.680010/29/15$0.1700
07/30/15$0.1700
04/30/15$0.1700
01/30/15$0.1700
2014
$0.660010/24/14$0.1700
07/25/14$0.1700
04/23/14$0.1700
01/29/14$0.1500
2013
$0.580010/24/13$0.1500
07/25/13$0.1500
04/25/13$0.1500
01/24/13$0.1300
2012
$0.520010/25/12$0.1300
07/26/12$0.1300
04/26/12$0.1300
01/26/12$0.1300
2011
$0.480010/27/11$0.1300
07/27/11$0.1300
04/27/11$0.1300
01/27/11$0.0900
2010
$0.360010/27/10$0.0900
07/28/10$0.0900
04/28/10$0.0900
01/28/10$0.0900
2009
$0.510010/28/09$0.0900
07/30/09$0.0900
04/29/09$0.0900
01/21/09$0.2400
2008
$0.960010/22/08$0.2400
07/21/08$0.2400
04/21/08$0.2400
01/18/08$0.2400
2007
$0.974310/22/07$0.2400
07/23/07$0.2400
04/23/07$0.2473
01/22/07$0.2470
2006
$0.966710/23/06$0.2470
07/24/06$0.2470
04/24/06$0.2364
01/23/06$0.2364
2005
$0.975210/24/05$0.2364
07/22/05$0.2364
04/22/05$0.2247
03/09/05$0.0530
01/20/05$0.2247
2004
$0.887210/21/04$0.2247
07/21/04$0.2247
04/22/04$0.2247
01/21/04$0.2131
2003
$0.852210/22/03$0.2131
07/16/03$0.2131
04/15/03$0.2131
01/22/03$0.2131
2002
$0.852210/16/02$0.2131
07/17/02$0.2131
04/17/02$0.2131
01/16/02$0.2131
2001
$0.809810/17/01$0.2025
07/18/01$0.2025
04/18/01$0.2025
01/17/01$0.2025
2000
$0.743110/18/00$0.2025
07/19/00$0.1802
04/18/00$0.1802
01/19/00$0.1802
BK Stock Splits
1 stock split
07/02/071.06:1 split
BK SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/31/25 | 09/30/25 | 10-Q | |
08/01/25 | 06/30/25 | 10-Q | |
05/02/25 | 03/31/25 | 10-Q | |
02/27/25 | 12/31/24 | Unknown | |
11/01/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
05/03/24 | 03/31/24 | 10-Q | |
02/28/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
05/05/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/07/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
05/06/22 | 12/31/21 | 10-Q | |
11/05/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
05/06/21 | 12/31/20 | 10-Q | |
11/05/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
05/07/20 | 12/31/19 | 10-Q | |
11/07/19 | 09/30/19 | 10-Q | |
08/07/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
05/08/19 | 12/31/18 | 10-Q | |
11/06/18 | 09/30/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
05/08/18 | 12/31/17 | 10-Q | |
11/07/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/08/17 | 03/31/17 | 10-Q | |
05/08/17 | 12/31/16 | 10-Q | |
11/08/16 | 09/30/16 | 10-Q | |
08/08/16 | 06/30/16 | 10-Q | |
05/10/16 | 03/31/16 | 10-Q | |
05/10/16 | 12/31/15 | 10-Q | |
11/06/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
05/08/15 | 12/31/14 | 10-Q | |
11/07/14 | 09/30/14 | 10-Q | |
08/11/14 | 06/30/14 | 10-Q | |
05/09/14 | 03/31/14 | 10-Q | |
05/09/14 | 12/31/13 | 10-Q | |
11/08/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/09/13 | 03/31/13 | 10-Q | |
05/09/13 | 12/31/12 | 10-Q | |
11/08/12 | 09/30/12 | 10-Q | |
08/08/12 | 06/30/12 | 10-Q | |
05/09/12 | 03/31/12 | 10-Q | |
02/28/12 | 12/31/11 | 10-K | |
02/28/14 | 12/31/11 | 10-K | |
11/08/11 | 09/30/11 | 10-Q | |
08/08/11 | 06/30/11 | 10-Q | |
05/09/11 | 03/31/11 | 10-Q | |
02/28/11 | 12/31/10 | 10-K | |
11/08/11 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/07/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/08/10 | 09/30/09 | 10-Q | |
11/06/09 | 09/30/09 | 10-Q | |
08/07/09 | 06/30/09 | 10-Q | |
05/08/09 | 03/31/09 | 10-Q | |
02/27/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 4 | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/31/08 | 10-Q | |
02/28/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 13F-HR | |
08/08/07 | 06/30/07 | 10-Q | |
03/31/07 | 03/31/07 | Unknown | -- |
02/23/07 | 12/31/06 | 10-K | |
09/30/06 | 09/30/06 | Unknown | -- |
06/30/06 | 06/30/06 | Unknown | -- |
03/31/06 | 03/31/06 | Unknown | -- |
12/31/05 | 12/31/05 | Unknown | -- |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/31/05 | Unknown | -- |
12/31/04 | 12/31/04 | Unknown | -- |
09/30/04 | 09/30/04 | Unknown | -- |
06/30/04 | 06/30/04 | Unknown | -- |
03/31/04 | 03/31/04 | Unknown | -- |
12/31/03 | 12/31/03 | Unknown | -- |
09/30/03 | 09/30/03 | Unknown | -- |
06/30/03 | 06/30/03 | Unknown | -- |
03/31/03 | 03/31/03 | Unknown | -- |
12/31/02 | 12/31/02 | Unknown | -- |
09/30/02 | 09/30/02 | Unknown | -- |
06/30/02 | 06/30/02 | Unknown | -- |
03/31/02 | 03/31/02 | Unknown | -- |
12/31/01 | 12/31/01 | Unknown | -- |
09/30/01 | 09/30/01 | Unknown | -- |
06/30/01 | 06/30/01 | Unknown | -- |
03/31/01 | 03/31/01 | Unknown | -- |
12/31/00 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
06/30/00 | 06/30/00 | Unknown | -- |
03/31/00 | 03/31/00 | Unknown | -- |