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Bank of New York Mellon Corp (NYSE:BK)
3-Year Average Buyback Ratio
2.40 (As of Sep. 2015)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

BK' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -17.7   Max: 3.1
Current: 2.4

-17.7
3.1

During the past 13 years, Bank of New York Mellon Corp's highest 3-Year Average Share Buyback Ratio was 3.10. The lowest was -17.70. And the median was -0.30.

BK's 3-Year Average Buyback Ratio is ranked higher than
81% of the 861 Companies
in the Global Asset Management industry.

( Industry Median: -0.60 vs. BK: 2.40 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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