DJ Bank Of New York Mellon Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of Bank of New York Mellon Corp. $(BK)$ inched 0.25% higher to $56.60 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
The stock's rise snapped a two-day losing streak.
Bank of New York Mellon Corp. closed $1.68 short of its 52-week high ($58.28), which the company reached on April 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as JPMorgan Chase & Co. $(JPM)$ fell 0.10% to $191.66, Wells Fargo & Co. $(WFC)$ rose 0.52% to $59.83, and Morgan Stanley $(MS)$ rose 1.21% to $92.65.
Trading volume (3.1 M) remained 570,237 below its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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(END) Dow Jones Newswires
May 02, 2024 16:56 ET (20:56 GMT)
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