Here's Why The Bank of New York Mellon Corporation (BK) is a Great Momentum Stock to Buy

Core Viewpoint - The Bank of New York Mellon Corporation (BK) is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating potential for near-term gains [3][4][12]. Company Performance - BK shares have increased by 1.96% over the past week, outperforming the Zacks Banks - Major Regional industry, which declined by 0.48% during the same period [6]. - Over the last quarter, BK's shares rose by 6.63%, and over the past year, they have surged by 57.44%, significantly outperforming the S&P 500, which increased by 3.73% and 24.43% respectively [7]. - The average 20-day trading volume for BK is 3,464,292 shares, indicating a bullish trend as it reflects current market interest [8]. Earnings Outlook - In the past two months, 6 earnings estimates for BK have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $6.61 to$6.94 [10]. - For the next fiscal year, 3 estimates have moved up, with 1 downward revision, suggesting a positive earnings outlook [10].