The Bank of New York Mellon Corporation (NYSE:BK) continues to maintain its favorability among
institutional investors who own a significant majority of 88-89% of the company. Recent trading activities include various firms like
Realta Investment Advisors,
Sumitomo Mitsui Trust Group Inc., and
Swedbank AB acquiring BK shares. However, some entities like
Retirement Systems of Alabama and
State of Alaska Department of Revenue have sold their BK shares. The corporation has reported a robust Q4 performance, exceeding earnings and revenue estimates. The Q4 report revealed increases in fee income, assets under management (AUM), and net income. These promising outcomes have led institutions such as
Cibc World Market Inc. and
BOCHK Asset Management Ltd to increase their holdings in BK. But, it's important to note that some insiders have sold a considerable amount of shares, indicating potential hesitancy. Efforts toward innovation are being pursued as seen by the appointment of Carolyn Weinberg as
Chief Solutions Innovation Officer.
Bank of New York Mellon Corporation BK News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 08 Feb 2025 14:22:25 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor -6
