Should You Invest in BK Stock as it Trades Near 52-Week High?

Shares of The Bank of New York Mellon Corporation (BK) , popularly known as BNY Mellon, have performed remarkably well this year. Last week, the stock touched a new 52-time high of $80.29 during Wednesday’s trading session, ending just 3% below this level on Friday.BK stock has soared 48% this year. It has widely outperformed its industry, the S&P 500 Index and close peers —Northern Trust (NTRS) and State Street (STT) . Year-to-Date Price Performance Image Source: Zacks Investment ResearchLast week was an i ...