JPMorgan Chase – Bank of New York Mellon Corp. stock rises Wednesday, still underperforms market
Shares of Bank of New York Mellon Corp.
inched 0.13% higher to $47.84 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
rising 0.05% to 33,446.26. Bank of New York Mellon Corp. closed $0.66 short of its 52-week high ($48.50), which the company reached on April 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co.
rose 1.57% to $154.93, Citigroup Inc.
rose 0.12% to $72.69, and Wells Fargo & Co.
rose 0.35% to $39.99. Trading volume (3.3 M) remained 2.5 million below its 50-day average volume of 5.9 M.