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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising

Last Price: 77.06 - Change: -0.63 - Change %: -0.8109
11/08/2024 16:24:00 EST

Bank of New York Mellon (BK)

Industry: Banks - Diversified

Price Support Resistance

In the past 20 trading days, BK has been trading in a range between $77.27 and $75.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

BK is trading below resistance at $77.75, about 1% to the upside. There is support at $68.22 -11% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Bank of New York Mellon $BK entered a Green zone 62 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $52.3, a potential down side of -32.13% from the recent price of 77.06. The stock is trading 4.19% (potential upside) below its 52 week high of $80.29 and 75.38 % (potential downside) above its 52 week low of $43.94 - based on the recent price.

Company Summary

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.

BK Website

News

BNY to Speak at the Goldman Sachs Financial Services Conference
NEW YORK , Nov. 7, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that Robin Vince, Chief Executive Officer, will speak at the Goldman Sachs Financial Services Conference in New York at 10:00 a.m. ET on Wednesday, December 11, 2024.
Source: PRNewsWire
Thu, 07 Nov 2024 08:30:00 -0500
Sentiment: Neutral
BNY Mellon Acquires Archer Holdco, Enhances Managed Account Offerings
BK acquires Archer Holdco to offer its clients an enhanced managed account service, aiding retail and institutional asset managers.
Source: Zacks Investment Research
Mon, 04 Nov 2024 10:50:21 -0500
Sentiment: Positive
BNY Closes Acquisition of Archer
NEW YORK , Nov. 1, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the successful closing of its acquisition of Archer Holdco, LLC ("Archer"), a leading technology-enabled service provider of managed account solutions to the asset and wealth management industry. The entry into the definitive agreement to acquire Archer was previously announced on September 5, 2024.
Source: PRNewsWire
Fri, 01 Nov 2024 08:30:00 -0400
Sentiment: Neutral
Are You Looking for a Top Momentum Pick? Why The Bank of New York Mellon Corporation (BK) is a Great Choice
Does The Bank of New York Mellon Corporation (BK) have what it takes to be a top stock pick for momentum investors? Let's find out.
Source: Zacks Investment Research
Thu, 24 Oct 2024 13:02:33 -0400
Sentiment: Positive
Bank of New York Mellon Analysts Increase Their Forecasts After Upbeat Earnings
The Bank Of New York Mellon Corporation BK posted better-than-expected third-quarter results on Friday.
Source: Benzinga
Mon, 14 Oct 2024 14:15:41 -0400
Sentiment: Positive
Instituions Institution %: 87.768
Last QTR Institution change: -1245162

Insiders
Insiders %: 0.183
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 192326
Insiders Net last QTR: -192326

Analyst Ratings
Target Price: 52.3
Overall Rating: 3.8824
Strong Buys (5): 6
Buys (4): 4
Holds (3): 6
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 80.29
52 Week Low: 43.9422
Beta: 1.06
50 Day MA: 72.9498
200 Day MA: 62.3992

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.22
Qtr Revenue Growth YOY: 0.047
Forward PE: 11.9474
Trailing PE: 17.2394

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