Bank Of New York Mellon Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Bank of New York Mellon Corp. (BK) slipped 1.26% to $41.61 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.16% to 4,119.58 and Dow Jones Industrial Average falling 1.08% to 33,684.53.
This was the stock's second consecutive day of losses.
Bank of New York Mellon Corp. closed $10.65 short of its 52-week high ($52.26), which the company achieved on February 14th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) fell 1.61% to $138.92, Wells Fargo & Co. (WFC) fell 3.84% to $38.84, and Morgan Stanley (MS) fell 1.87% to $86.29.
Trading volume (6.4 M) eclipsed its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2023.
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May 02, 2023 16:41 ET (20:41 GMT)
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