The Bank of New York Mellon Corporation (BK): From Top to Bottom

The Bank of New York Mellon Corporation (BK) is an interesting player in the Financial space, with a focus on Asset Management. The stock has been active on the tape, currently trading at $57.83, up from yesterday’s close by 0.92%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

The Bank of New York Mellon Corporation (BK) currently trades with a market capitalization of $59.59 Billion. That value represents a market adjusting for revenues that have been growing by 31.69 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $6.97 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.91 on a per share basis this quarter. Perhaps, that suggests something about why 0.85% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, The Bank of New York Mellon Corporation recorded a 52-week high of $57.39. It is now trading -0.44% off that level. The stock is trading $53.47 its 50-day moving average by -4.36%. The stock carved out a 52-week low down at $43.85.

In recent action, The Bank of New York Mellon Corporation (BK) has made a move of +5.20% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.45% with $1.02 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BK.

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