Bank of New York Mellon Corporation (BK) has been seeing substantial action in recent news with significant stock acquisitions by Kathmere Capital Management LLC, Brookstone Capital Management, Park Avenue Securities LLC, CHICAGO TRUST Co NA, and other companies. Alongside these acquisitions, there has been a certain level of stock selling activity by BK insiders, indicating possibly funneled hesitation. Despite the sales, analyst insights note BK as a 'Buy the Bottom' stock with strong Q1 performances and potential for its top line to be supported by elevated interest rates. Recent performance compared to competitor's shows BK's stock underperforming, despite gains made on several days. They plan to increase dividend by 12%, an incentive that suggests confidence in their financial outlook. BNY Mellon's recent Q1 earnings have exceeded analyst expectations, further supported by higher service fees. Some noteworthy happenings include their change of name to 'BNY' and talks of entry into the Indian asset management market.
Bank of New York Mellon Corporation BK News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 09:34:52 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 2
