Bank of New York Mellon Stock: Is Wall Street Bullish or Bearish?

New York-based The Bank of New York Mellon Corporation (BK) provides a range of financial products and services, including investment and wealth management, asset servicing, and treasury solutions. Valued at a market cap of $73.1 billion, the company's global client base consists of financial institutions, corporations, government agencies, endowments and foundations, as well as high-net-worth individuals. 

This bank has considerably outpaced the broader market over the past 52 weeks. Shares of BK have soared 63.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.6%. Moreover, on a YTD basis, the stock is up 34.9%, compared to SPX’s 9.6% rise.