Bank of New York Mellon Corporation (The) (BK) Dips 2.84% for October 02

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 02 was Bank of New York Mellon Corporation (The) (BK). The stock experienced a 2.84% decline to $42.49 with 7.54 million shares changing hands.

Bank of New York Mellon Corporation (The) started at an opening price of 43.40 and hit a high of $43.50 and a low of $42.43. Ultimately, the stock took a hit and finished the day at $1.24 per share. Bank of New York Mellon Corporation (The) trades an average of n/a shares a day out of a total 942.66 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Bank of New York Mellon Corporation (The) hit a high of $54.27 and a low of $40.52 over the last year.

BNY Mellon is a global investment company involved in the management and servicing of financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors, and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with over $32 trillion in under custody and administration, and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investment.

With its headquarters located in New York, NY, Bank of New York Mellon Corporation (The) employs 49,100 people. After today’s trading, the company’s market cap has fallen to $40.05 billion, a P/S of n/a, a P/B of 1.05, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Bank of New York Mellon Corporation (The) and to follow the company’s latest updates, you can visit the company’s profile page here: BK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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