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Is Bank of New York Mellon Stock Outperforming the Nasdaq?![]() With a market cap of $64.4 billion, The Bank of New York Mellon Corporation (BK) is a leading global financial services company. It provides a comprehensive range of investment and wealth management, securities services, and market solutions to institutions, corporations, and high-net-worth individuals worldwide. Companies worth more than $10 billion are generally labeled as “large-cap” stocks and BNY Mellon fits this criterion perfectly. Operating through multiple business segments, BNY Mellon serves as a critical partner for clients managing and servicing investments across diverse markets. Shares of the Cleveland, OhioNew York-based company pulled back marginally from its 52-week high of $90.63. BNY Mellon’s shares have risen 7.1% over the past three months, lagging behind the Nasdaq Composite’s ($NASX) 12.2% return over the same time frame. ![]() In the longer term, BK stock is up 17.4% on a YTD basis, exceeding NASX’s 1.5% rise. Moreover, shares of BNY Mellon have surged 48.6% over the past 52 weeks, outperforming the nearly 14% return of the NASX over the same time frame. Despite few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since last year. ![]() Shares of BK rose 1.4% on Apr. 11 after the company reported stronger-than-expected Q1 2025 results, including a 6% year-over-year revenue increase to $4.8 billion, beating the Street estimate. Adjusted EPS came in at $1.58, surpassing the consensus, while adjusted profit jumped 17% to $1.2 billion. Investor sentiment was further boosted by an 11% rise in net interest income to $1.2 billion and a 9% increase in assets under custody/administration to $53.1 trillion. In addition, BK has outperformed its rival, JPMorgan Chase & Co. (JPM). JPM stock has soared 34.1% over the past 52 weeks and 11.7% on a YTD basis. Despite the stock’s strong performance over the past year, analysts remain cautiously optimistic on BK. The stock has a consensus rating of “Moderate Buy” from the 17 analysts covering the stock, and as of writing, it is trading below the mean price target of $93.19. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. |
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