Bank Of New York Mellon Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Bank of New York Mellon Corp. (BK) shed 1.74% to $40.08 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.72% to 4,061.22 and Dow Jones Industrial Average falling 0.86% to 33,127.74.
This was the stock's fourth consecutive day of losses.
Bank of New York Mellon Corp. closed $12.18 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 Thursday, as JPMorgan Chase & Co. (JPM) fell 1.37% to $134.12, Wells Fargo & Co. (WFC) fell 4.25% to $36.72, and Morgan Stanley (MS) fell 2.53% to $82.61.
Trading volume (5.7 M) remained 325,795 below its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 4, 2023.
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May 04, 2023 16:41 ET (20:41 GMT)
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