Bank of New York Mellon Corp (NYSE: BK) has reported E.P.S. of $1.26 for its first fiscal quarter (ending March 31) versus $1.13 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.01 versus $3.18 for the same period a year ago.
Recent Price Action
Bank of New York Mellon Corp (NYSE: BK) stock closed at $54.00 on 4/16/24 after a modest decline of -2.0%. Moreover, exceptionally high trading volume at 221% of normal accompanied the decline. The stock has declined -5.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BK is expected to continue to be an important Value Builder.
Bank of New York Mellon has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Bank of New York Mellon has a very high Appreciation Score of 91 and a very high Power Rating of 93, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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