DJ Bank Of New York Mellon Corp. Stock Rises Monday, Still Underperforms Market
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Shares of Bank of New York Mellon Corp. $(BK)$ inched 0.84% higher to $57.48 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.03% to 5,180.74 and the Dow Jones Industrial Average rising 0.46% to 38,852.27.
This was the stock's third consecutive day of gains.
Bank of New York Mellon Corp. closed $0.80 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 Monday, as JPMorgan Chase & Co. $(JPM)$ rose 0.78% to $192.00, Wells Fargo & Co. $(WFC)$ rose 0.42% to $60.19, and Morgan Stanley $(MS)$ rose 1.23% to $94.79.
Trading volume (2.4 M) remained 1.3 million below its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2024.
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(END) Dow Jones Newswires
May 06, 2024 16:56 ET (20:56 GMT)
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