Short term view - BANK OF NEW YORK MELLON CORP : The background trend is clearly bearish.
The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant.The next support is at $44.80. The background trend would be questioned should prices rise above $53.20.
Bank of New York Mellon divides its businesses into two business segments, Investment Services and Investment Management. The company also has an Other segment, which includes the leasing portfolio, corporate treasury activities, derivatives and other trading activity, corporate and bank-owned life insurance, renewable energy investments and business exits. The company's two principal United States banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. The company has four other United States bank and/or trust company subsidiaries concentrating on trust products and services across the United States.
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