Zacks Rating on Bank Of New York Mellon Corporation (The) (BK)

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) : 10 Wall Street analysts covering Bank Of New York Mellon Corporation (The) (BK) believe that the average level the stock could reach for the short term is $44.5. The maximum price target given is $49 and the minimum target for short term is around $38, hence the standard deviation is calculated at $3.57.


Shares of The Bank of New York Mellon Corporation rose by 0.65% in the last five trading days and 3.57% for the last 4 weeks. The Bank of New York Mellon Corporation has dropped 2.97% during the last 3-month period . Year-to-Date the stock performance stands at -1%. Bank Of New York Mellon Corporation (The) (NYSE:BK): stock turned positive on Tuesday. Though the stock opened at $40.4, the bulls momentum made the stock top out at $40.52 level for the day. The stock recorded a low of $40.24 and closed the trading day at $40.25, in the green by 0.17%. The total traded volume for the day was 2,133,671. The stock had closed at $40.18 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *