Bank Of New York Mellon Corp. Stock Falls Friday, Underperforms Market
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Shares of Bank of New York Mellon Corp. (BK) slipped 1.30% to $40.15 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.16% to 4,124.08 and Dow Jones Industrial Average falling 0.03% to 33,300.62.
This was the stock's third consecutive day of losses.
Bank of New York Mellon Corp. closed $12.11 short of its 52-week high ($52.26), which the company reached on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co. (JPM) fell 1.43% to $134.10, Wells Fargo & Co. (WFC) fell 2.19% to $37.49, and Morgan Stanley (MS) fell 0.29% to $82.39.
Trading volume (5.7 M) remained 331,849 below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2023.
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May 12, 2023 16:41 ET (20:41 GMT)
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