Bk of NY Mellon saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Bk of NY Mellon is now out of buy range after clearing the 90.34 buy point in a consolidation.
The stock earns a 93 EPS Rating, which means its recent quarterly and annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 28% EPS growth. Sales growth increased 9%, up from 6% in the prior report. That marks one quarter of rising revenue increases.
Bk of NY Mellon holds the No. 3 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR is the top-ranked stock within the group.
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