Chicago Partners Investment Group LLC, Westpac Banking Corp, Trillium Asset Management LLC, Azimuth Capital Investment Management LLC and many more organizations have been on a buying and selling spree with Bank of New York Mellon Corporation (BK) which has witnessed changes in its stake shares. BK's performance has evoked mixed responses. Jim Cramer is bullish about BK due to positive earnings results and the bank's CEO's tech proficiency. BK has seen a 6.7% growth since its last earning report making it a high-quality dividend play. BK is also being considered a top dividend stock. Price targets for the stock have been increased alongside robust revenue growth in Q2. A notable feature is the bank's tech proficiency. Despite this, shares were also reduced or sold by certain firms showing a bearish trend on Wall Street. The strengthening Q2 earnings have boosted its stock while drawing attention to rising yearly expenses. Nonetheless, investing in BK five years ago would've resulted in a 227% gain. With its upcoming larger dividend than last year's, and potential takeover discussions with Northern Trust, BK is eyed by investors as a safe bet in uncertain times.
Bank of New York Mellon Corporation BK News Analytics from Wed, 11 Dec 2024 08:00:00 GMT to Sat, 16 Aug 2025 22:14:29 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
