Stock Update: The Bank of New York Mellon Corporation (NYSE:BK) – With Rising Allocations to Alternatives, BNY Mellon White Paper Examines the Increasing Challenges and Potential False Sense of Security around Enterprise Risk Data Assumptions

[PR Newswire] – NEW YORK, Jan. 19, 2016 /PRNewswire/ — As investors continue to boost their allocations to alternatives, how they address the issue of enterprise risk can have important consequences for the perceived risk within their portfolios, according to a new white paper from BNY Mellon. Enterprise risk analysis, including stress testing and scenario assessment, has become increasingly popular with institutional investors. Authored by BNY Mellon and its affiliate HedgeMark, the paper, Considering the Alternatives: A Practical Look at Enterprise Risk Analysis and Alternative Investments, explores the impact of incorporating illiquid or non-transparent investments into enterprise risk analysis. Read more on this. The Bank of New York Mellon Corporation (BK) , currently valued at $39.40B, began trading this morning at $36.38. Looking at the stock, its one day range is $35.85 to $36.38 and has traded between $35.34 and $45.45 over the past 12 months. BK shares are currently priced at 12.64x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.09x forward p/e ratio. The company pays shareholders $0.68 per share annually in dividends, yielding 1.83%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.64 per share, which would be $0.05 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.83 which would be a $0.44 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.75 Billion. If realized, that would be a 2.46% increase over the year-ago quarter. Recently, JP Morgan upgraded BK from Neutral to Overweight (Jan 7, 2016). Previously, BofA/Merrill upgraded BK from Neutral to Buy. The average price target for BK shares is $46.16, which is 26.88% above where the stock opened this morning. See more in (NYSE:BK) Similar Articles: Company Update: The Bank of New York Mellon Corporation (NYSE:BK) – BNY Mellon Launches New U.S. Government Securities Clearing Platform Powered by Innovative Technology Capabilities Stock Update: The Bank of New York Mellon Corporation (NYSE:BK) – BNY Mellon still having problems with fund pricing system Company Update: The Bank of New York Mellon Corporation (NYSE:BK) – BNY Mellon cuts costs, but CEO Hassell keeps lid on expectations
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