- Practice your BK trading strategies and win cash in our stock game.
NEW YORK ( TheStreet) -- Bank of New York Mellon (NYSE: BK) hit a new 52-week low Monday as it is currently trading at $18.18, below its previous 52-week low of $18.28 with 3.6 million shares traded as of 10:45 a.m. ET. Average volume has been 13.7 million shares over the past 30 days. Bank of New York Mellon has a market cap of $23.9 billion and is part of the financial sector and financial services industry. Shares are down 38.4% year to date as of the close of trading on Friday. 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 nine, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.