Bank Of New York Mellon Stock Hits New 52-Week Low (BK)

NEW YORK (TheStreet) -- Bank of New York Mellon (NYSE:BK) hit a new 52-week low Thursday as it is currently trading at $23.77, below its previous 52-week low of $23.78 with 14.2 million shares traded as of 3:56 p.m. ET. Average volume has been 8.2 million shares over the past 30 days.

Bank of New York Mellon has a market cap of $30.1 billion and is part of the financial sector and financial services industry. Shares are down 18.4% year to date as of the close of trading on Wednesday.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company's Asset Management segment offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. The company has a P/E ratio of 11.3, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

• Practice your BK trading strategies and win cash in our stock game.

TheStreet Ratings rates Bank of New York Mellon as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Bank of New York Mellon Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

For more information on Bank of New York Mellon Corp click any of the following:

• Bank of New York Mellon Corp Stock Price

• Bank of New York Mellon Corp Analyst Ratings

• Bank of New York Mellon Corp Key Stats & Profile

• Bank of New York Mellon Corp Earnings

• Bank of New York Mellon Corp Ratio Comparison

• Bank of New York Mellon Corp Growth Rates

• Bank of New York Mellon Corp Balance Sheet

• Bank of New York Mellon Corp Cash Flow

• Bank of New York Mellon Corp Income Statement