Bank Of New York Mellon Corporation (The) s in-depth stock price analysis indicates that the stock price has dropped -3.96% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 11.53% . Looking at the past 52 week period, the stock price is up at 34.67% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Bank Of New York Mellon Corporation (The) has a positive value of 28.65 compared to overall market. Bank Of New York Mellon Corporation (The) (NYSE:BK) has tumbled 0.24% during the past week and has dropped 4.57% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.05%. Bank Of New York Mellon Corporation (The) (NYSE:BK) has underperformed the index by 6.27% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bank Of New York Mellon Corporation (The) (NYSE:BK) : On Friday heightened volatility was witnessed in Bank Of New York Mellon Corporation (The) (NYSE:BK) which led to swings in the share price. The stock opened for trading at $45.55 and hit $45.715 on the upside , eventually ending the session at $45.56, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 3,975,182 shares. The 52-week high of the share price is $49.54 and the company has a market cap of $47,724 million. The 52-week low of the share price is at $32.2 .
Bank of New York Mellon Corp Last issued its quarterly earnings results on Jan 19, 2017. The company reported $0.77 EPS for the quarter. Analyst had a consensus estimate of $0.77. The company had revenue of $3790.00 million for the quarter, compared to analysts expectations of $3859.29 million. The companys revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Bank of New York Mellon Corp was Downgraded by Keefe Bruyette to Mkt Perform on Jan 20, 2017. Bank of New York Mellon Corp was Downgraded by JP Morgan to Neutral on Jan 6, 2017. Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 55 from a previous price target of $48 .Bank of New York Mellon Corp was Upgraded by Raymond James to Strong Buy on Dec 28, 2016. Bank of New York Mellon Corp was Downgraded by Buckingham Research to Neutral on Nov 21, 2016.
Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Michelle M. Neal (Managing Director) sold 4,278 shares at 48.43 per share price.On Dec 13, 2016, Thomas P Gibbons (Vice Chairman & CFO) sold 69,220 shares at 48.56 per share price.On Dec 13, 2016, Gerald L Hassell (Chairman & CEO) sold 593,776 shares at 48.44 per share price.
Bank of New York is a bank holding company and one of the worlds larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide. Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking.