On Tuesday, Bank of New York Mellon appointed Emily Portney chief financial officer.
Portney succeeds Mike Santomassimo , who stepped down to take the same position at Wells Fargo .
Portney previously led the client management, sales and service teams for BNY Mellon's asset-servicing business.
She had also been CFO for Barclays International prior to joining BNY. She worked 22 years at JPMorgan Chase , where she was global head of clearing and collateral management.
Wells Fargo said Santomassimo also will join the parent's operating committee. He will succeed John Shrewsberry, who has said he would retire after 22 years with Wells Fargo.
Tickeron's comparison: WFC vs. BK
[WFC & BK] are closely correlated.
Both companies represent the Major Banks industry
Market capitalization -- BK: $31.8B vs. WFC: $101.2B
Stock price -- (BK: $36.45 vs. WFC: $26.12)
Current volume relative to the 65-day Moving Average: BK: 66% vs. WFC: 74%
Brand notoriety: BK and WFC are both notable
Long term analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
BK’s FA Score shows that 0 FA rating(s) are green while WFC’s FA Score has 2’s green FA rating(s).
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators.
BK’s TA Score shows that 1 TA rating(s) are bullish while WFC’s TA Score has 2’s bullish TA rating(s).
WFC vs BK: Fundamental Ratings
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
WFC's Valuation (10) in the Major Banks industry is in the same range as BK (41). This means that WFC’s stock grew similarly to BK’s over the last 12 months.
WFC's Profit vs Risk Rating (100) in the Major Banks industry is in the same range as BK (100). This means that WFC’s stock grew similarly to BK’s over the last 12 months.
BK's SMR Rating (92) in the Major Banks industry is in the same range as WFC (96). This means that BK’s stock grew similarly to WFC’s over the last 12 months.
BK's Price Growth Rating (60) in the Major Banks industry is in the same range as WFC (65). This means that BK’s stock grew similarly to WFC’s over the last 12 months.
WFC's P/E Growth Rating (6) in the Major Banks industry is significantly better than the same rating for BK (85). This means that WFC’s stock grew significantly faster than BK’s over the last 12 months.
WFC ($101B) has a higher market cap than BK ($31.8B). BK has higher P/E ratio than WFC: -27.489 vs -52.906. BK YTD gains are higher at: -27.489 vs. WFC (-52.906). BK has less debt than WFC: 44.4B vs 291B. WFC has higher revenues than BK: 86.5B vs 19.7B.
On December 24, 2024, the Stochastic Oscillator for BK moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 48 instances where the indicator left the oversold zone. In of the 48 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BK's RSI Oscillator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BK advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
BK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 355 cases where BK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BK as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BK turned negative on December 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
BK moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BK crossed bearishly below the 50-day moving average on December 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows