The Bank of New York Mellon Cor with ticker code (BK) have now 16 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 54 and 39 with a mean TP of 44.25. Given that the stocks previous close was at 36.35 this would indicate that there is a potential upside of 21.7%. The day 50 moving average is 37.53 and the 200 day MA is 38.36. The company has a market capitalisation of $31,767m. Company Website: http://www.bnymellon.com
The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. The Investment Service segment offers custody, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, trading, investment, wealth and retirement solutions, technology and enterprise data management, corporate trust, depositary receipts, payments, receivables processing and payables management, trade finance and processing, and collateral management services. The Investment Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, and private banking services. The company also engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves asset managers, banks, broker-dealers, corporations, financial intermediaries, governments, high net worth individuals, insurance companies, non-profit organizations, pensions, and sovereign institutions. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.