Bullish Options Activity on Bank of New York Mellon Corp Surges After Better Fundamentals

 Bullish Options Activity on Bank of New York Mellon Corp Surges After Better Fundamentals

In today’s session Bank of New York Mellon Corp (BK) registered an unusually high (163) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious BK increase. With 163 contracts traded and 3734 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: BK170616C00050000 closed last at: $2.19 or 6.3% up. About 700,014 shares traded hands. Bank of New York Mellon Corp (NYSE:BK) has risen 15.61% since April 22, 2016 and is uptrending. It has outperformed by 10.20% the S&P500.

Analysts await Bank of New York Mellon Corp (NYSE:BK) to report earnings on January, 19. They expect $0.77 EPS, up 13.24% or $0.09 from last year’s $0.68 per share. BK’s profit will be $817.93M for 15.39 P/E if the $0.77 EPS becomes a reality. After $0.90 actual EPS reported by Bank of New York Mellon Corp for the previous quarter, Wall Street now forecasts -14.44% negative EPS growth.

Bank of New York Mellon Corp (NYSE:BK) Ratings Coverage

Out of 15 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. The Bank Of New York Mellon Corporation has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, January 22, the company rating was maintained by UBS. The firm has “Overweight” rating by JP Morgan given on Thursday, January 7. maintained the stock with “Hold” rating in Monday, October 10 report. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Friday, January 22. Deutsche Bank maintained the shares of BK in a report on Friday, August 5 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, September 9. The stock of Bank of New York Mellon Corp (NYSE:BK) earned “Neutral” rating by Buckingham Research on Monday, November 21. On Friday, October 21 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. As per Monday, July 18, the company rating was maintained by Deutsche Bank.

According to Zacks Investment Research, “Bank of New York is a bank holding company and one of the world’s larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide. Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking.”

Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.08, from 0.82 in 2016Q1. The ratio improved, as 64 funds sold all Bank of New York Mellon Corp shares owned while 287 reduced positions. 46 funds bought stakes while 243 increased positions. They now own 852.69 million shares or 3.83% less from 886.64 million shares in 2016Q1.
Murphy Pohlad Asset Mgmt Limited holds 102,871 shares or 2.98% of its portfolio. Pictet Asset Mngmt accumulated 0.09% or 575,273 shares. Joel Isaacson And Co Lc has invested 0.11% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Cetera Advsrs Limited Com reported 5,494 shares or 0.02% of all its holdings. Brc Investment Mgmt Ltd accumulated 230,937 shares or 1.56% of the stock. Markston Limited Liability Co has 129,327 shares for 0.47% of their US portfolio. Madison Investment Inc reported 254,677 shares or 0.2% of all its holdings. Stockman Asset holds 57,467 shares or 1.75% of its portfolio. First Savings Bank Sioux Falls has 0.09% invested in the company for 763 shares. Franklin Resources holds 0.01% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 447,043 shares. Cap Advisers Lc last reported 208,491 shares in the company. Fuller & Thaler Asset Mngmt accumulated 0% or 4,500 shares. Cullen Frost Bankers, a Texas-based fund reported 105,684 shares. Louisiana State Employees Retirement Systems reported 70,700 shares or 0.14% of all its holdings. Twin Cap Management accumulated 0.25% or 85,960 shares.

The Bank of New York Mellon Corporation is an investments company. The company has a market cap of $50.34 billion. The Firm operates businesses through two divisions: Investment Management and Investment Services. It has a 16.04 P/E ratio. The Firm also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

BK Company Profile

The Bank of New York Mellon Corporation (BNY Mellon), incorporated on February 9, 2007, is an investments company. The Firm operates businesses through two divisions: Investment Management and Investment Services. The Firm also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead. The Firm has over $1.6 trillion in assets under management.

More notable recent Bank of New York Mellon Corp (NYSE:BK) news were published by: Prnewswire.com which released: “BNY Mellon’s Pershing CEO, Lisa Dolly, and COO, Lori Hardwick, Recognized by …” on November 22, 2016, also Blogs.Wsj.com with their article: “Fiserv Hires BNY Mellon Fintech Veteran as CIO” published on November 02, 2016, Prnewswire.com published: “BNY Mellon Appointed Trustee and Paying Agent on Largest Ever Local Authority …” on November 22, 2016. More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Prnewswire.com and their article: “BNY Mellon Launches Automated Medical Claims Payment Platform for Property and …” published on November 17, 2016 as well as Prnewswire.com‘s news article titled: “BNY Mellon Launches Middle Office Solutions for State of Wisconsin Investment …” with publication date: November 15, 2016.

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