The Bank of New York Mellon Corporation (BK) Is Up 0.16% in One Week: What You Should Know

Core Viewpoint - The Bank of New York Mellon Corporation (BK) is identified as a promising momentum stock, currently holding a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12]. Momentum Style Score Analysis - The Momentum Style Score incorporates price changes and earnings estimate revisions, which are critical for assessing a stock's potential [3][9]. - BK's shares have increased by 8.86% over the past quarter and 54.12% over the last year, significantly outperforming the S&P 500, which rose by 5.98% and 23.28% respectively [7]. Price Performance - Over the past week, BK's shares rose by 0.16%, while the Zacks Banks - Major Regional industry increased by 1.19% [6]. - The monthly price change for BK is 8.85%, compared to the industry's performance of 5.17% [6]. Trading Volume - BK's average 20-day trading volume is 3,746,325 shares, indicating a bullish sign as rising stocks with above-average volume are generally viewed positively [8]. Earnings Estimate Revisions - In the last two months, 5 earnings estimates for BK have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from $6.61 to$6.86 [10]. - For the next fiscal year, 3 estimates have moved upwards, with 1 downward revision during the same period [10].