Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Market Update (NYSE:BK): BNY Mellon’s Pershing Unveils New Technology Capabilities that Enable Firms to Define Their Own Digital Wealth Management Experience

[PR Newswire] – ORLANDO, Fla., June 7, 2016 /PRNewswire/ — Pershing LLC, a BNY Mellon company, today launched a suite of technology enhancements that provide wealth management firms with greater flexibility to digitally transform their business. Announced during Pershing’s annual INSITE 2016 conference, the new enhancements aim to make integration easier and improve investor and advisor experiences. “As emerging technologies and companies continue to change the way financial advice is delivered, firms are embracing the change and turning to us for help executing a digital strategy,” said Ram Nagappan, chief information officer at Pershing. Read more on this. The Bank of New York Mellon Corporation (BK) , with a current market cap of $45.58B, opened at $42.36. Looking at today’s trading action, the company’s one day range from $42.03 to $42.52 and has traded between $32.20 and $45.45 over the past 12 months. BK shares are currently priced at 13.72x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -63.02x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.68 per share annually in dividends, yielding 1.64%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.75 per share, which would be $0.02 worse than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.09 would be a $0.24 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.81 Billion. If reported, that would be a 1.04% decrease over the year-ago quarter. More recently, JP Morgan upgraded BK from Neutral to Overweight (Jan 7, 2016). Previously, BofA/Merrill upgraded BK from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $44.42, which is 4.86% above than it opened this morning. See more in (NYSE:BK) Similar Articles: Company Update: The Bank of New York Mellon Corporation (NYSE:BK) – BNY Mellon’s Pershing Launches Two-Part Series on Fiduciary Practices and Conflicts of Interest for Broker-Dealers and Hybrid Firms Market Update (NYSE:BK): BNY Mellon Names Mitchell Harris CEO of Investment Management Business Company Update (NYSE:BK): BNY Mellon Announces Lisa Dolly as the Next Chief Executive Officer of Pershing LLC
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.