Bank of New York Mellon Corporation (The) (BK) Rises 2.9% for January 04

Equities Staff  |

Among the biggest risers on the S&P 500 on Friday January 04 was Bank of New York Mellon Corporation (The) ($BK), popping some 2.9% to a price of $47.91 a share with some 4.78 million shares trading hands.

Starting the day trading at $47.38, Bank of New York Mellon Corporation (The) reached an intraday high of $47.97 and hit intraday lows of $46.91. Shares gained $1.35 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 6.15 million of its 988.78 million share total float. Today’s action puts the stock’s 50-day SMA at $47.90 and 200-day SMA at $51.74 with a 52-week range of $43.67 to $58.99.

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.

Bank of New York Mellon Corporation (The) has its corporate headquarters located in New York, NY and employs 52,000 people. Its market cap has now risen to $47.37 billion after today’s trading, its P/E ratio is now 10.9, its P/S 2.57, P/B 1.25, and P/FCF 24.1.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Bank of New York Mellon Corporation (The), check out Stock Valuation Analysis tool for BK.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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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