In recent market activity, The Bank of New York Mellon Co. (BK) has seen noteworthy shifts in investments and holdings. New stakes in BK have been initiated by companies like Meyer Handelman Co. and Los Angeles Capital Management LLC, while others like B. Riley Wealth Advisors have decreased their positions. On the other hand Wellington Management Group has sold a significant number of BK's shares. High rates are expected to support BK's top line despite cost issues. BK is also being recognized as a top dividend stock. Its Q1 2024 earnings have exceeded analyst expectations with strong results, particularly due to higher service fees. BK's stock performance outperformed competitors on certain days despite daily losses. Plans for JPMorgan and BNY Mellon to enter the India asset management market are being discussed. New recruitments including having Leigh-Ann Russell join BK as Chief Information Officer. With the institutional ownership of BK amongst the big lastly sitting at 87% to 88%, it's clear the company is a favorite amongst larger investors.
Bank of New York Mellon Corporation BK News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 12:50:20 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor 0
