Bank Of New York Mellon Corporation (The) (BK) : Traders are bullish on Bank Of New York Mellon Corporation (The) (BK) as it has outperformed the S&P 500 by a wide margin of 3.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.49% in the last 1 week, and is up 3.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.3% and the fifty day Moving Average is 3.93%. The Bank of New York Mellon Corporation has dropped 2.9% during the last three month period . Year-to-Date the stock performance stands at 0.48%.
Bank Of New York Mellon Corporation (The) (BK) : The highest level Bank Of New York Mellon Corporation (The) (BK) is projected to reach is $50 for the short term and the lowest estimate is at $38. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $45 and the possibility the share price can swing is $3.62.
Bank Of New York Mellon Corporation (The) (NYSE:BK): stock turned positive on Friday. Though the stock opened at $40.66, the bulls momentum made the stock top out at $41 level for the day. The stock recorded a low of $40.53 and closed the trading day at $40.85, in the green by 0.79%. The total traded volume for the day was 4,970,159. The stock had closed at $40.53 in the previous days trading.
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.