On a relative basis, the stock has outperformed the S&P 500 by 1.58% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.47% and the stock has fallen -2.13% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.18% and the 50-Day Moving Average is 0.05%.The 200 Day SMA reached 3.47% The Bank of New York Mellon Corporation is up 0.48% in the last 3-month period. Year-to-Date the stock performance stands at -1.46%.
Bank Of New York Mellon Corporation (The) (BK) : 10 investment research analysts covering Bank Of New York Mellon Corporation (The) (BK) have an average price target of $45.1 for the near short term. The highest target price given by the Brokerage Firm to the stock is $51 and the lowest target is $38 for the short term. Analysts expect the variance to be within $3.78 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Bank Of New York Mellon Corporation (The) (NYSE:BK): stock was range-bound between the intraday low of $40 and the intraday high of $40.56 after having opened at $40.49 on Fridays session. The stock finally closed in the red at $40.49, a loss of -1.93%. The stock remained in the red for the whole trading day. The total traded volume was 6,281,630 shares. The stock failed to cross $40.56 in Fridays trading. The stocks closing price on Thursday was $40.85.
The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses, Investment Management and Investment Services, it serves institutions, corporations and high net worth individuals. For institutions and corporations, it provides investment management, trust and custody, foreign exchange, fund administration, global collateral services, securities lending, depositary receipts, corporate trust, global payment/cash management, banking services and clearing services. For individuals, it provides mutual funds, separate accounts, wealth management and private banking services. BNY Mellons investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31, 2014.