Other

Share Repurchase Program, Authorized, Amount

Bank of New York Mellon Share Repurchase Program, Authorized, Amount increased by 20.0% to $6.00B in Q2 2024 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryCapital Allocation
SignalHigher is better
VolatilityModerate
First reportedQ4 2020
Last reportedQ4 2020

How to read this metric

An increase suggests management believes the stock is undervalued or has excess capital to return to shareholders.

Detailed definition

This represents the total dollar amount authorized by the board of directors for the repurchase of the company's common...

Peer comparison

Commonly disclosed by mature companies with strong cash flow and capital return programs.

Metric ID: other_stock_repurchase_program_authorized_amount1

Historical Data

2 periods
 Q1 '23Q2 '24
Value$5.00B$6.00B
QoQ Change+20.0%
Range$5.00B$6.00B

Frequently Asked Questions

What is Bank of New York Mellon's share repurchase program, authorized, amount?
Bank of New York Mellon (BK) reported share repurchase program, authorized, amount of $6.00B in Q2 2024.
What does share repurchase program, authorized, amount mean?
The total dollar amount approved by the board for buying back company shares.