---
title: BNY Mellon (BNY) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/bny
ticker: BNY
as_of: 2026-10-17
sector: Financial Services
industry: Investment - Banking & Investment Services
---
# BNY Mellon (BNY)

BNY Mellon (BNY) closed at $143.24 on Oct 16, 2026, overvalued by 57% vs its model value of $91.36 (from the justified price to tangible book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $143.24 (Oct 16, 2026) |
| Model value (from the justified price to tangible book) | $91.36 |
| Price vs model | overvalued by 57% vs model |
| Range of that model | $79.94 – $106.59 |
| Market value | $97.2B |
| P/E (fiscal 2025) | 19.4 |
| Net margin (fiscal 2025) | 13.7% |
| Free cash flow (fiscal 2025) | $5.2B |
| Dividend yield (trailing twelve months) | 1.58% |
| Beta | 1.05 |
| Cost of capital (WACC) | 10.01% |
| Business classification | Mature & Stable (Low/slowing growth (~7% recent), High profitability (28% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (5.3%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.58% |
| Dividends per share, last 12 months | $1.74 |
| Dividends / earnings (fiscal 2025) | 26.1% |
| Raised | 15 years in a row |
| Growth over 5 years | 6.0% a year |
| Latest payment | $0.63, ex-date Jul 27, 2026, paid Aug 7, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 29, 2021 | $1.30 |
| To Oct 26, 2022 | $1.42 |
| To Oct 26, 2023 | $1.58 |
| To Oct 21, 2024 | $1.78 |
| To Oct 27, 2025 | $2.00 |
| Trailing twelve months (to Jul 27, 2026) | $1.74 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/TBV · justified | primary | $91.36 | $79.94 | $106.59 |
| P/E · peers | cross check | $123.48 | $111.39 | $130.01 |
| P/E · own history | cross check | $128.40 | $118.55 | $147.62 |
| PEG | sanity check | $159.08 | $159.08 | $159.08 |
| Dividend discount | cross check | $44.70 | $31.09 | $71.60 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 9 open-market sales ($6.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Robinson Elizabeth | Director | Grant / award | 73.826 | $10,625 |
| Oct 1, 2026 | O'CONNOR SANDRA | Director | Grant / award | 191.078 | $27,500 |
| Oct 1, 2026 | Goldstein Jeffrey A | Director | Grant / award | 286.618 | $41,250 |
| Oct 1, 2026 | Echevarria Joseph | Director | Grant / award | 625.347 | $90,000 |
| Sep 28, 2026 | Minaya Jose | Senior Executive VP | Open-market sell (10b5-1 plan) | 1,655 | $247,047.6 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 16, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1390777/000139077726000106/bk-20260811.htm |
| Oct 15, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1390777/000139077726000104/bk-20261015.htm |
| Sep 22, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1390777/000139077726000097/bk-20260922.htm |
| Aug 20, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1390777/000119312526358252/d417322d8k.htm |
| Aug 13, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1390777/000119312526349341/d342446d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 16,608,370 | $2.4B |
| First Eagle | 2026-06-30 | 9,266,915 | $1.3B |
| Christopher Davis | 2026-06-30 | 366,448 | $53.0M |
| David Katz | 2026-09-30 | 159,110 | $23.0M |

11 tracked managers in all.

## About

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…

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Source: https://sweetvaluelab.com/stocks/bny (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.