Bank Of New York Mellon Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Bank of New York Mellon Corp. (BK) slid 1.97% to $40.79 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.70% to 4,090.75 and Dow Jones Industrial Average falling 0.80% to 33,414.24.
This was the stock's third consecutive day of losses.
Bank of New York Mellon Corp. closed $11.47 below its 52-week high ($52.26), which the company achieved on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 2.12% to $135.98, Wells Fargo & Co. (WFC) fell 0.49% to $38.65, and Morgan Stanley (MS) fell 1.78% to $84.75.
Trading volume (4.7 M) remained 1.3 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2023.
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May 03, 2023 16:41 ET (20:41 GMT)
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