Bank Of New York Mellon Reaches New 52-Week High (BK)
Bank of New York Mellon (NYSE:BK) hit a new 52-week high Tuesday as it is currently trading at $29.38, above its previous 52-week high of $29.12 with 981,007 shares traded as of 10:05 a.m. ET. Average volume has been 5.4 million shares over the past 30 days.
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 Tuesday as it is currently trading at $29.38, above its previous 52-week high of $29.12 with 981,007 shares traded as of 10:05 a.m. ET. Average volume has been 5.4 million shares over the past 30 days. Bank of New York Mellon has a market cap of $32.83 billion and is part of the financial sector and financial services industry. Shares are up 12.1% year to date as of the close of trading on Monday. 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 22.1, 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 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.