Bank of New York Mellon Corporation (The) (BK) Dips 2.96% for October 19

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday October 19 was Bank of New York Mellon Corporation (The) (BK). The stock experienced a 2.96% decline to $52.85 with 8 million shares changing hands.

Bank of New York Mellon Corporation (The) started at an opening price of 54.01 and hit a high of $54.14 and a low of $52.24. Ultimately, the stock took a hit and finished the day at $1.61 per share. Bank of New York Mellon Corporation (The) trades an average of 3.77 million shares a day out of a total 1.03 billion shares outstanding. The current moving averages are a 50-day SMA of $52.74 and a 200-day SMA of $49.12. Bank of New York Mellon Corporation (The) hit a high of $55.29 and a low of $39.93 over the last year.

Bank of New York Mellon Corporation is an investment company. The company provides investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world.

With its headquarters located in New York, NY, Bank of New York Mellon Corporation (The) employs 52,800 people. After today’s trading, the company’s market cap has fallen to $54.6 billion, a P/S of n/a, a P/B of 1.5, and a P/FCF of 54.

To dig deeper into the fundamentals of Bank of New York Mellon Corporation (The) and perform your own analysis, visit our Stock Valuation Analysis tool for BK.

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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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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’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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