Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

NEW YORK (

TheStreet

) --

Bank of New York Mellon

(NYSE:

BK

) hit a new 52-week high Thursday as it is currently trading at $30.67, above its previous 52-week high of $30.64 with 1.7 million shares traded as of 11:40 a.m. ET. Average volume has been 5.5 million shares over the past 30 days.

Bank of New York Mellon has a market cap of $34.92 billion and is part of the financial sector and financial services industry. Shares are up 17.1% year to date as of the close of trading on Wednesday.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bank of New York Mellon as a

buy

. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Bank of New York Mellon Ratings Report

.

See all

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