Bank Of New York Mellon Corporation (The) (BK) : The consensus on Bank Of New York Mellon Corporation (The) (BK) based on 13 analyst recommendation on the company stock is 2.13, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Bank Of New York Mellon Corporation (The) (BK).
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.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Deutsche Bank maintains its ratings on Bank Of New York Mellon Corporation (The) (NYSE:BK). In the latest research report, Deutsche Bank raises the target price from $46 per share to $47 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 5, 2016.
Bank Of New York Mellon Corporation (The) (NYSE:BK): stock was range-bound between the intraday low of $41.15 and the intraday high of $41.57 after having opened at $41.29 on Wednesdays session. The stock finally closed in the red at $41.29, a loss of -0.46%. The stock remained in the red for the whole trading day. The total traded volume was 4,372,436 shares. The stock failed to cross $41.57 in Wednesdays trading. The stocks closing price on Thursday was $41.48.
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.