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BK
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$42.46
Change
+$0.76 (+1.82%)
Capitalization
34.27B

BK Price Prediction, Bank of New York Mellon Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

BK's RSI Indicator ascends from oversold territory

The RSI Indicator for BK moved out of oversold territory on June 15, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 35 similar instances when the indicator left oversold territory. In 25 of the 35 cases the stock moved higher. This puts the odds of a move higher at 71%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 01, 2022. You may want to consider a long position or call options on BK as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BK just turned positive on June 27, 2022. Looking at past instances where BK's MACD turned positive, the stock continued to rise in of 43 cases over the following month. 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 341 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 213 cases where BK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where BK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

BK moved below its 50-day moving average on June 08, 2022 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 June 14, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.927) is normal, around the industry mean (1.967). P/E Ratio (10.526) is within average values for comparable stocks, (13.140). Projected Growth (PEG Ratio) (1.063) is also within normal values, averaging (4.956). Dividend Yield (0.032) settles around the average of (0.075) among similar stocks. P/S Ratio (2.275) is also within normal values, averaging (31.068).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.

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published price charts
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published Earnings

BK is expected to report earnings to rise 32.56% to $1.14 per share on July 15

Bank of New York Mellon Corp BK Stock Earnings Reports
Q2'22
Est.
$1.14
Q1'22
Beat
by $0.01
Q4'21
Est.
$1.01
Q3'21
Beat
by $0.03
Q2'21
Beat
by $0.13
The last earnings report on April 18 showed earnings per share of 86 cents, beating the estimate of 84 cents. With 2.89M shares outstanding, the current market capitalization sits at 34.27B.
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A.I.Advisor
published Dividends

BK paid dividends on May 11, 2022

Bank of New York Mellon Corp BK Stock Dividends
А dividend of $0.34 per share was paid with a record date of May 11, 2022, and an ex-dividend date of April 27, 2022. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Bank of New York Mellon Corp (NYSE:BK), Ares Capital Corp (NASDAQ:ARCC), WisdomTree Investments (NASDAQ:WETF).

Industry description

Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.

Market Cap

The average market capitalization across the Investment Managers Industry is 3.87B. The market cap for tickers in the group ranges from 372 to 93.43B. BLK holds the highest valuation in this group at 93.43B. The lowest valued company is NVPLF at 372.

High and low price notable news

The average weekly price growth across all stocks in the Investment Managers Industry was -1%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was 30%. BLGVF experienced the highest price growth at 21%, while BAMGF experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Investment Managers Industry was -46%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was 52%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 35
P/E Growth Rating: 54
Price Growth Rating: 68
SMR Rating: 65
Profit Risk Rating: 81
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

a major bank

Industry InvestmentManagers

Profile
Fundamentals
Details
Industry
Major Banks
Address
240 Greenwich Street
Phone
+1 212 495-1784
Employees
43000
Web
https://www.bnymellon.com

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BK and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, BK has been closely correlated with STT. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if BK jumps, then STT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BK
1D Price
Change %
BK100%
+1.70%
STT - BK
89%
Closely correlated
+2.81%
NTRS - BK
87%
Closely correlated
+1.29%
AMP - BK
80%
Closely correlated
+0.12%
IVZ - BK
73%
Closely correlated
+1.80%
SEIC - BK
71%
Closely correlated
+0.54%
More