The Bank of New York Mellon Corporation (BK) has been reviewed by experts as a solid bank stock for long-term investors, citing its stability and upward growth trajectory. Following this, notable purchases have been made by
World Investment Advisors LLC securing 36,425 shares and
Wilmington Savings Fund Society FSB. In contrast,
Geode Capital Management LLC and
Stifel Financial Corp decided to sell part of their shares. Worthy of note is BK's high institutional ownership, with 88% of the company shares being owned by institutional investors. BK saw recent stock upgrade by
Morgan Stanley and StockNews.com.
TCW Group Inc. and
Benjamin Edwards Inc. increased their stake in the company. Amidst challenges, multiple analyses indicate that BK stock is poised for growth. Significant highlights include the company's announcement of leadership transition in Risk Management,
$52.1T backing for its dividend yield, and high Q3 earnings, topping estimates by experts. However, the company was recently fined $5 million over swap reporting and supervision failures by CFTC. Subsequently, a possible insider selling of $10 million worth of stock raises questions.
Bank of New York Mellon Corporation BK News Analytics from Fri, 16 Feb 2024 17:54:52 GMT to Sat, 14 Dec 2024 12:01:43 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 3
