The first nine months of 2024 were exceptional for the S&P 500 Index. The index rallied 21.4% during the period. The primary drivers of the steady uptrend in the index were the clarity on the path of interest rates and robust economic growth, along with persistently cooling inflation numbers. Thus, almost all sectors within the S&P 500 Index rallied in the year-to-date (YTD) period. Among the top four was Financial Services, which appreciated nearly 19.9% during the period. One of the largest constituents o ...

Photo by Michael M. Santiago/Getty ImagesGetty ImagesThis week has historically been the most bearish one in the history of the S&P 500 and the DJIA. Since 1928. This week has seen a rising price only 35 times. If this time interval has been up in the past, the next week has been flat. Almost all market indicators are in bullish mode. The average low in any year has been October 27th, and that date is not far away. The best strategy is to accumulate stocks to hold into yearend. One helpful method is to simp ...

Hey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are tilted towards both the growth and quality factors. These are stocks that have a strong growth story combined with robust financial statements to support the growing narrative. My first investment was made seven years ago, and I have passed all CFA Pr ...

Shares of The Bank of New York Mellon Corporation (BK) , popularly known as BNY Mellon, have performed well this year. The stock touched its all-time high of $71.80 during Wednesday’s trading session as the Federal Reserve announced a cut of 50 basis points (bps) in interest rates. The BK stock finally closed yesterday’s session at $71.04, soaring 36.5% year to date. It has outperformed its industry, the S&P 500 Index and its close peers —Northern Trust (NTRS) and State Street (STT) — so far this year. Year ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. The Bank of New York Mellon Corporation (BK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.The Bank of New York Mellon Corporation is one of 859 individual stocks ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Investors might want to bet on The Bank of New York Mellon Corporation (BK) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and ...

The Bank of New York Mellon Corporation (BK) stock looks like an attractive investment option now. The company’s global expansion efforts, robust assets under management (AUM) balance and a solid balance sheet are expected to aid revenues.Analysts seem optimistic regarding the company’s earnings growth prospects. Over the past 60 days, the Zacks Consensus Estimate for BK’s 2024 earnings has been revised 2.9% upward. Thus, BNY Mellon currently carries a Zacks Rank #2 (Buy).Looking at its price performance, B ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-2614959 (State or other jurisdiction of incorporation or orga ...