Bank of New York reports 70.23
B of total liabilities with total debt to equity ratio (D/E) of 0.57, which is normal for its line of buisiness.
What is the right price you would pay to acquire a share of Bank of New York? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Bank of New this year
Annual and quarterly reports issued by Bank of New are formal
financial statements that are published yearly and quarterly and sent to Bank stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Bank of New York often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Bank of New York Gross Profit
Bank of New York Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Bank of New York previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Bank of New York Gross Profit growth over the last 10 years. Please check Bank of New York's
gross profit and other
fundamental indicators for more details.
A Deeper Perspective On Bank of New York
Earning per share calculations of Bank of New York is based on official Zacks consensus of 6 analysts regarding Bank of New York's future annual earnings. Given the historical accuracy of 95.32%, the future earnings per share of the company is estimated to be 3.9613 with the lowest and highest values of 3.9 and 4.04, respectively. Please note that this consensus of annual earnings estimates for the firm is an estimate of EPS before non-recurring items and including employee stock options expenses.
Is Bank of New York a risky opportunity?
Let's check the volatility. Bank of New York is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Bank of New York (NYSE:BK) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. purchasing a share of a Bank of New York stock makes you a part-owner of that company.
Bank Of New Current Consensus
Here is the recent trade recommendation based on an ongoing consensus estimate among financial analysis covering Bank of New York. The Bank of New York consensus assessment is calculated by taking the average estimates from all of the analysts covering Bank of New York
| Strong Buy | 5 | 38.46 |
| Buy | 0 | 0.0 |
| Hold | 7 | 53.85 |
| Sell | 1 | 7.69 |
| Strong Sell | 0 | 0.0 |
Bank of New York recent plunge is alarming
The coefficient of variation is down to 655.54 as of today. Bank Of New currently demonstrates below-verage downside deviation. It has Information Ratio of 0.1 and Jensen Alpha of 0.14. However, we do advice investors to further question Bank Of New expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.
Although other companies in the asset management industry are either recovering or due for a correction, Bank of New York may not be performing as strong as the other in terms of long-term growth potentials. With an optimistic outlook on your 30 days horizon, it may be a good time to acquire new shares of Bank of New York or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Bank of New York.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Bank of New. Please refer to our
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