At the end of the latest market close, The Bank of New York Mellon Corporation (BK) was valued at $40.79. In that particular session, Stock kicked-off at the price of $40.33 while reaching the peak value of $40.91 and lowest value recorded on the day was $40.23. The stock current value is $40.82.
Recently in News on December 18, 2020, BNY Mellon Statement on the Results of the Second Round of 2020 Stress Tests. On December 18, 2020, the Federal Reserve released the results of the second round of bank holding company stress tests during 2020, further demonstrating the resiliency and strength of BNY Mellon’s business model and capital position in times of stress. The restriction on open market common share repurchases applicable to BNY Mellon during the third and fourth quarters of 2020 will be modified for the first quarter of 2021. You can read further details here
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The Bank of New York Mellon Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $51.60 on 01/09/20, with the lowest value was $26.40 for the same time period, recorded on 03/18/20.
The Bank of New York Mellon Corporation (BK) full year performance was -19.78%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, The Bank of New York Mellon Corporation shares are logging -20.89% during the 52-week period from high price, and 54.62% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $26.40 and $51.60.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 2676427 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the The Bank of New York Mellon Corporation (BK) recorded performance in the market was -18.95%, having the revenues showcasing 20.08% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 35.81B, as it employees total of 48600 workers.
Specialists analysis on The Bank of New York Mellon Corporation (BK)
During the last month, 9 analysts gave the The Bank of New York Mellon Corporation a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 37.18, with a change in the price was noted +4.67. In a similar fashion, The Bank of New York Mellon Corporation posted a movement of +13.02% for the period of last 100 days, recording 5,017,606 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BK is recording 0.66 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.66.
Trends and Technical analysis: The Bank of New York Mellon Corporation (BK)
Raw Stochastic average of The Bank of New York Mellon Corporation in the period of last 50 days is set at 82.01%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 59.95%. In the last 20 days, the company’s Stochastic %K was 71.51% and its Stochastic %D was recorded 72.85%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -18.95%. Additionally, trading for the stock in the period of the last six months notably improved by 5.87%, alongside a downfall of -19.78% for the period of the last 12 months. The shares increased approximately by 1.37% in the 7-day charts and went down by 5.29% in the period of the last 30 days. Common stock shares were driven by 20.08% during last recorded quarter.