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

Valued at $91.8 billion by market cap, Bank of New York Mellon Corporation (BK) is one of the world’s largest financial services and asset servicing companies. Headquartered in New York City, the company specializes in investment management, custody banking, wealth management, treasury services, and financial market infrastructure for institutions, corporations, and high-net-worth individuals.

The banking giant has significantly outpaced the broader market over the past year. BNY stock has soared 53.5% over the past 52 weeks and 16.3% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 26.5% gains over the past year and 8.8% returns on a YTD basis.