Bank Of New York Mellon Corp [NYSE: BK] surged by $0.14 during the normal trading session on while it closed the day at $56.04. The company report on January 30, 2024 at 5:00 PM that BNY Mellon to Speak at the BofA Securities Financial Services Conference.
BNY Mellon (NYSE: BK) announced today that Robin Vince, President and Chief Executive Officer, will speak at the BofA Securities Financial Services Conference in Miami, Florida at 2:10 p.m. ET on Tuesday, February 20, 2024. The discussion may include forward-looking statements and other material information.
A live webcast of the audio portion of the conference will be available on the BNY Mellon website (www.bnymellon.com/investorrelations). An archived version of the audio portion will be available on the BNY Mellon website approximately 24 hours after the live webcast and will remain available until March 20, 2024.
Bank Of New York Mellon Corp stock has also gained 2.24% of its value over the past 7 days. However, BK stock has inclined by 34.61% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.54% and gained 7.67% year-on date.
The market cap for BK stock reached $43.10 billion, with 769.07 million shares outstanding and 767.26 million shares in the current float. Compared to the average trading volume of 4.49M shares, BK reached a trading volume of 3794099 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Bank Of New York Mellon Corp [BK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BK shares is $61.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BK stock is a recommendation set at 1.84. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Bank Of New York Mellon Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on Jan-31-24.
The Average True Range (ATR) for Bank Of New York Mellon Corp is set at 0.78, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 1.16. Price to Free Cash Flow for BK in the course of the last twelve months was 4.49.
BK stock trade performance evaluation
Bank Of New York Mellon Corp [BK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.24. With this latest performance, BK shares gained by 7.32% in over the last four-week period, additionally plugging by 23.54% over the last 6 months – not to mention a rise of 11.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BK stock in for the last two-week period is set at 77.41, with the RSI for the last a single of trading hit 79.98, and the three-weeks RSI is set at 75.47 for Bank Of New York Mellon Corp [BK]. The present Moving Average for the last 50 days of trading for this stock 51.27, while it was recorded at 55.50 for the last single week of trading, and 45.44 for the last 200 days.
Bank Of New York Mellon Corp [BK]: An insightful look at the core fundamentals
Bank Of New York Mellon Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 4.31.
Earnings per share (EPS) analysis for Bank Of New York Mellon Corp [BK] stock
With the latest financial reports released by the company, Bank Of New York Mellon Corp posted 1.13/share EPS, while the average EPS was predicted by analysts to be reported at 1.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bank Of New York Mellon Corp go to 11.76%.
Bank Of New York Mellon Corp [BK]: Institutional Ownership
The top three institutional holders of BK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BK stock with ownership which is approximately 5.8325%.
