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Zacks Investment Research downgraded Bank of New York Mellon Corp (NYSE:BK) to Sell in a report released today.

Yesterday Bank of New York Mellon Corp (NYSE:BK) traded 0.84% higher at $49.86. Bank of New York Mellon Corp’s 50-day average is $52.43 and its two hundred day average is $49.53. With the last stock price close up 4.09% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Volume of trade was up over the average, with 5,083,264 shares of BK changing hands over the typical 4,146,640

Zacks Investment Research has downgraded Bank of New York Mellon Corp (NYSE:BK) to Sell in a report released on 6/21/2017.

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 analysts have released a report on Bank of New York Mellon Corp. Four analysts rating the company a strong buy, seven analysts rating the company a buy, nine analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $44.39.

More 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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