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Bank of New York Mellon Corp (NYSE:BK) has been upgraded to Buy in a statement by BidaskClub earlier today.

BidaskClub has upgraded Bank of New York Mellon Corp (NYSE:BK) to Buy in a statement released on Tuesday June 20, 2017.

Boasting a price of $49.86, Bank of New York Mellon Corp (NYSE:BK) traded 0.84% higher on the day. With the last stock price close up 4.09% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Bank of New York Mellon Corp has recorded a 50-day average of $52.43 and a two hundred day average of $49.53. Volume of trade was up over the average, with 5,083,264 shares of BK changing hands over the typical 4,146,640

Performance Chart

Bank of New York Mellon Corp (NYSE:BK)

With a total market value of $0, Bank of New York Mellon Corp has price-earnings ratio of 15.29 with a one year low of $38.68 and a one year high of $54.59 .

A total of 19 equity analysts have released a ratings update on BK. Four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $44.39.

Brief Synopsis About Bank of New York Mellon Corp (NYSE:BK)

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits. As of December 31, 2016, the Company had $29.9 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. The Company's Investment Management boutiques offer a range of actively managed equity, fixed income, alternative and liability-driven investments, along with passive products and cash management. The Company offers asset servicing, clearing services, issuer services and treasury services to its clients.

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