NEW YORK ( TheStreet) -- Bank of New York Mellon (NYSE: BK) hit a new 52-week high Wednesday as it is currently trading at $31.40, above its previous 52-week high of $30.85 with 681,121 shares traded as of 9:35 a.m. ET. Average volume has been six million shares over the past 30 days.

Bank of New York Mellon has a market cap of $35.62 billion and is part of the financial sector and financial services industry. Shares are up 18.1% year to date as of the close of trading on Tuesday.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments.

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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.

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