Bank of New York Mellon Corporation (BK) has consistently outperformed in the market, returning
66% in the past year, outpacing the company's earnings growth in the same period. Its stock price is seeing continuous upward revisions, hitting an all-time high of
$71.85 amidst strong growth. BK's performance has been backed by
positive analyst perspectives, supported by 11 ratings. Its high institutional ownership, strong dividends, and robust earnings, even exceeding Wall Street estimates on
higher service fees instil faith in BK as a solid investment. Despite paying a $5 million penalty over reportage and supervision failures, BK continued its positive run, also benefitting from
Fed's rate cuts. The corporation aims to enhance its alternative offerings with the rollout of
Alts Bridge. However, insiders selling off shares suggest some hesitance, leading to a neutral downgrade. BNY Mellon plans to divest its Canada Unit to
Computershare while contemplating venturing into the Indian Asset Management market.
Bank of New York Mellon Corporation BK News Analytics from Fri, 22 Dec 2023 08:00:00 GMT to Fri, 20 Sep 2024 12:00:11 GMT -
Rating 9
- Innovation 7
- Information 8
- Rumor 5
