QualityDipStocks / Finance · Major Banks
The Bank of York Mellon BNY
Not in a dip by our rules: 11% below its 52-week high.
A quality company trading well above our fair value estimate.
- Fair value est.
- $77.90−47%
- Market Value
- $145.06price +1%
- Off 52-wk high
- −11%
- Risk vs market
- Below marketbeta 0.76
5 bullish · 4 bearish See why
Key levels
Every level vs today’s $147.11
- Fair value est.base case$77.90−47.0%
- 52-wk lowlowest close, 1 year$106.43−27.7%
- Market Valueavg paid since Oct 15$145.06−1.4%
- PriceFri Oct 30 close$147.11you are here
- 52-wk highhighest close, 1 year$164.84+12.1%
Fair value estimate
How the range is computed
Financials model (residual income). Same residual-income model as the base: cost of equity 9.5% ±1 point and return on equity 11.8% ±2 points. Bear = 10.5% and 9.8%; bull = 8.5% and 13.8%. A model estimate from public filings, not a forecast of where the price will go.
Price is above even the bull case.
What the price implies To be worth today’s price, BNY would need a return on equity of about 23% a year; our estimate uses 12%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much BNY moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves a bit less than the market, but its own price swings are 1.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.76
- Volatility
- 22% vs 13% SPY
- Correlation SPY
- 0.45
- Correlation QQQ
- 0.33
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
Cash returnsShare count down 3.6% in a year: $4.1B of buybacks over 12 months.
GrowthDiluted EPS grew 28% to $7.40 in FY2025.
GrowthSales grew 11% to $22.0B over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityNet margin of 29%, above the 21% median for the 142 Finance companies we cover.
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
Top bearish points 4 of 5
ValuationOur residual-income fair value estimate is $77.90, 47% below the price.
ValuationP/E of 15.7×, above the 13.5× median for the 151 Finance companies we cover.
ValuationPrice / book of 2.3×, above the 1.8× median for the 143 Finance companies we cover.
GrowthSales grew 6.7% a year over the last three fiscal years, below the 9.3% median for the 144 Finance companies we cover.
Who’s talking about it
Notable investors, executives, analysts and public figures on The Bank of York Mellon in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Major Banks
All fundamentals
P/E 15.7 · ROE 14% · Sales +11%
Valuation
- P/E
- 15.7×3-yr-end avg 14.1× · Finance median 13.5×
- Price / FCF
- n/acash flow isn't a clean measure for a bank
- FCF yield
- n/acash flow isn't a clean measure for a bank
- EV / EBITDA
- n/anot meaningful for a bank
- Price / sales
- 4.51×
- Price / book
- 2.27×
- Market cap
- $99.0Bprice × diluted shares
- Enterprise value
- $132B
Growth
- Revenue, 12 months
- $22.0Bnet interest income + noninterest income
- Sales growth, 12 months
- +11.2%vs the 12 months before
- Sales growth, 3 yrs
- +6.7%/yrfrom FY2022
- Diluted EPS, 12 months
- $9.03
- EPS growth, last FY
- +27.6%
- Net income, 12 months
- $6.3B
- Net income growth
- +26%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for a bank
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 28.7%
- FCF margin
- 32.5%
- Return on equity
- 14%
- Return on invested capital
- n/anot meaningful for a bank
Balance sheet
- Cash & short-term inv.
- $6.7B
- Total debt
- $40.2B
- Net cash
- n/anot meaningful for a bank
- Debt / equity
- n/adeposits/float make debt/equity not comparable for a bank
- Interest coverage
- n/anot meaningful for a bank
Cash flow & returns
- Free cash flow, 12 months
- $7.1B
- FCF growth, 12 months
- +356%
- Dividend yield
- 1.78%$1.8B paid
- Payout ratio
- 28%
- Buybacks, 12 months
- $4.1B4.1% of market cap
- Share count, 1 year
- −3.6%diluted shares vs a year ago
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From The Bank of York Mellon’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $77.90 · MV $145.06
Financials model (residual income): book value $64.98 a share on Sep 30, 2026 (preferred stock excluded), plus the earnings above a 9.5% cost of equity. ROE 11.8%, the average of 14.6% for the trailing 12 months to Sep 30, 2026 and 8.9% over fiscal 2021–2025, on average common equity; payout 88% of earnings (dividends 24% + net buybacks 65%), so book grows by the retained rest; the return above 9.5% fades halfway toward 9.5% over 10 years, then grows at 3% (terminal value). From the 10-Q filed Oct 30, 2026.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only arm once a company is in a dip.
Momentum & 52-week range
RSI 50 · 5 days +1.3%
The business
FCF $2.4B · Sales +14%
- Free cash flow, 12 months$2.4B
- Free-cash-flow yield2.3%
- Return on equity15%
- Sales growth (latest quarter vs year-ago quarter)+14%
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
Get a text when BNY fires a reversal signal
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