Bank of New York Mellon Corp vs Paychex, Inc. — how do they compare? Bank of New York Mellon Corp trades at $161.02 (market cap $108.78B), while Paychex, Inc. trades at $120.92 (market cap $43.14B). The key difference: Bank of New York Mellon Corp is far larger — about 2.5× Paychex, Inc.'s market cap, and Paychex, Inc. pays the higher dividend (3.92%). Which is the better fit depends on your goals.
| BNY | PAYX | |
|---|---|---|
Market Cap | $108.78B | $43.14B |
Sector | Financials | Industrials |
52-Week High | $162.35 | $140.81 |
52-Week Low | $101.00 | $85.57 |
Dividend Yield | 1.38% | 3.92% |
Enterprise Value | — | $46.63B |
Trailing returns across standard periods
Latest headlines on both assets
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $41.1 trillion in under custody and administration (as of Dec. 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.2 trillion in assets.
Read more on BNY →Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
Read more on PAYX →