Do Wall Street Analysts Like Bank of New York Mellon Stock?

With a market cap of $62 billion, The Bank of New York Mellon Corporation (BK) is a global financial services company offering investment management and investment services to institutions, corporations, and high-net-worth individuals. Based in New York, it provides solutions for custody, asset servicing, wealth management, and capital markets worldwide.

The investment bank's shares have outperformed the broader market over the past 52 weeks. BK has increased 53.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.5%. Moreover, shares of BK are up 11.1% on a YTD basis, compared to SPX’s 2.9% gain.