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Bank of New York Mellon Corp — Intrinsic Value & Fair Price

BNY
NYSEFinancial ServicesInvestment - Banking & Investment ServicesCIK 0001390777bny.comAbout BNY
Last close · Oct 16, 2026143.24+1.15 (+0.81%)
Market cap$97.2B
Model value · P/TBV · justified
91.36
BNY Mellon closed at $143.24 — overvalued by 57% vs model.
79.94the model's range106.59

P/TBV · justified leads for a bank. From the justified price to tangible book.

Other models
44.70 – 159.08
Wall St. target
162.50 12% below
Above model, 1y
19 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.58%
Past 2 years
low 1.01%high 2.73%
Dividends per share, a year at a time
$1.30Oct ’21$1.42Oct ’22$1.58Oct ’23$1.78Oct ’24$2.00Oct ’25$1.74TTM
Dividends / earnings, FY2025
26.1%
Raised
15 years in a row
Growth, 5 yrs
6.0% a year
Last change
+18.9% · Jul 2026
Every payment, with ex-dates · latest $0.63, paid Aug 7, 2026

Research on BNY

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How it is valued

Valued asBank
Low/slowing growth (~7% recent)High profitability (28% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (5.3%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for banks
Price / tangible book
4.0×
Price / book
2.3×
Return on equity
12.5%
P/E
19.4×
Dividend yield, TTM
1.58%
Payout ratio
30.4%
Full financials

Analyst actions

third-party, quoted
10-16Truist Financial · target165.00
10-16Morgan Stanley · target152.00
10-16New Street · target182.00
01-07Truist Securities · “Buy” from “Hold”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just BNY. No account.

About BNY Mellon

The Bank of New York Mellon Corp. is a holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other. The Securities Services segment includes the Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data, and analytics solutions. The Market and Wealth Services segment consists of the Pershing, Clearance and Collateral Management, and Treasury Services businesses. The Investment and Wealth Management segment is involved in services to institutional and retail investors, as well as investment management, wealth, and estate planning. The Other segment refers to the leasing portfolio, corporate treasury activities, derivatives, and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

CEO
Robin Antony Vince
Headquarters
New York City, NY
Employees
46,500
IPO
2007-07-01
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.