Company Overview - The Bank of New York Mellon Corporation (BK) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a history of outperformance in the market [4] Price Performance - BK shares have increased by 1.4% over the past week, while the Zacks Banks - Major Regional industry has decreased by 0.62% during the same period [6] - Over the last quarter, BK shares have risen by 24.7%, and over the past year, they have increased by 46.35%, significantly outperforming the S&P 500, which moved 16.04% and 12.11% respectively [7] Trading Volume - The average 20-day trading volume for BK is 4,679,774 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Estimates - In the past two months, 6 earnings estimates for BK have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.72 to $6.86 [10] - For the next fiscal year, 6 estimates have also moved upwards without any downward revisions [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, BK is positioned as a promising investment opportunity [12]
What Makes The Bank of New York Mellon Corporation (BK) a Strong Momentum Stock: Buy Now?