Bank Of New York Mellon Corporation (The) (BK) : Investors lapped up stocks on upticks to the tune of $72.6 million in the Wednesdays trading session. The trading value on downticks was comparatively at $29.64 million and the uptick to downtick ratio of 2.45 indicates continuous buying by the bulls. The net money flow into the stock was $42.96 million. The block trades were dominated by the bulls with a healthy 11.31, uptick to downtick ratio. Only $4.37 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $49.46 clearly indicating buying by large investors. The total money flow for block trades stood at $45.08 million, which is a positive for the stock in the long-term. Bank Of New York Mellon Corporation (The) (BK) fell $0.03 during the day at $39.47, a drop of -0.08% over the previous days close. However, for the week, the stock is -1.82%, compared to the previous week.
The Bank of New York Mellon Corporation has lost 2.52% in the last five trading days and dropped 4.27% in the last 4 weeks. The Bank of New York Mellon Corporation is up 4.45% in the last 3-month period. Year-to-Date the stock performance stands at -2.84%.
Bank Of New York Mellon Corporation (The) (BK) : 13 analysts are covering Bank Of New York Mellon Corporation (The) (BK) and their average rating on the stock is 2.13, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Bank Of New York Mellon Corporation (The) (BK) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Bank Of New York Mellon Corporation (The) (NYSE:BK): The stock was completely flat for the day, closing at $39.50 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $39.57, the stock touched an intraday high of $39.65 and a low of $39.31. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $39.50. The total trading volume on Wednesday was 8,115,856.
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.