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Shares of Bank of New York Mellon Corp. (BK) slipped 1.75% to $40.42 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
This was the stock's second consecutive day of losses.
Bank of New York Mellon Corp. closed $11.84 below its 52-week high ($52.26), which the company achieved on February 14th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 0.92% to $135.34, Wells Fargo & Co. (WFC) fell 0.83% to $40.87, and Morgan Stanley (MS) fell 1.72% to $81.22.
Trading volume (2.7 M) remained 2.9 million below its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 16:41 ET (20:41 GMT)
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