The Latest Breaking News from Bank of New York Mellon

Bank of New York Mellon's (NYSE:BK) short percent of float has risen 6.02% since its last report. The company recently reported that it has 7.10 million shares sold short, which is 0.88% of all regular shares that are available for trading.

Over the past 3 months, 12 analysts have published their opinion on Bank of New York Mellon (NYSE:BK) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

 

Bank of New York Mellon (NYSE:BK) has observed the following analyst ratings within the last quarter:

The old Charming Shoppes headquarters in Bensalem — a township bordering northeast Philadelphia — is now an Amazon warehouse. A former Bank of New York Mellon back office in King of Prussia is making a similar transition. And the building housing Oldies.com, a pop-music shrine viewable from the Blue Route…

The stock market rally has run out of steam so far in 2022 as investors grow increasingly concerned about elevated inflation and the potential for aggressive Federal Reserve interest rate hikes. The U.S. economic outlook is uncertain, the war in Ukraine is uncertain and the valuation of growth stocks is…

If history is any guide, there may be trouble ahead for shares of Bank of New York Mellon (NYSE:BK). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

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