Stocks of Bank Of New York Mellon Corp (NYSE:BK) traded higher last session on Wall Street, down -0.37% to $76.23.
BK stock price is now 10.75% away from the 50-day moving average and 26.30% away from the 200-day moving average. The market capitalization of the company currently stands at $56.25B.
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With the price target enhanced from $66 to $80, Deutsche Bank Upgraded its rating from Hold to Buy for Bank Of New York Mellon Corp (NYSE: BK). On July 15, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $65, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, McCarthy J Kevin, Officer bought 25,000 shares of the company’s stock on Oct 15 ’24. The stock was bought for $1,912,750 at an average price of $76.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Officer Smits Hanneke bought 16,475 shares of the business’s stock. A total of $1,259,868 was incurred on buying the stock at an average price of $76.47. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of New York Mellon Corp has had a low of $39.66 and a high of $76.61. According to the stock market information, the enterprise value for the company is -$38059843584, which is based on a 16.56 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for BK is $68.831 and a two-hundred day moving average price translates $60.3552 for the stock.
The latest earnings results from Bank Of New York Mellon Corp (NYSE: BK) was released for 2024-09-30. The net profit margin was 8.89% and return on equity was 8.86% for BK. The company reported revenue of $6.39 billion for the quarter, compared to $5.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.36 percent.
