Bank of New York (BK) Offering Possible 21.95% Return Over the Next 16 Calendar Days

Bank of New York's most recent trend suggests a bearish bias. One trading opportunity on Bank of New York is a Bear Call Spread using a strike $43.50 short call and a strike $48.50 long call offers a potential 21.95% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $43.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $48.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bank of New York is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Bank of New York is bearish.

The RSI indicator is at 27.97 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Bank of New York

Russia Dodges Default as Some Investors Receive Dollar Funds
Tue, 03 May 2022 09:56:17 +0000
(Bloomberg) — Russia’s closely watched dollar payments on two bonds are trickling through to investors after the country dipped into its local holdings of the U.S. currency and sidestepped its first foreign default in a century.Most Read from BloombergCiti Trader Made Error Behind Flash Crash in Europe StocksBiggest Treasury Buyer Outside U.S. Quietly Selling BillionsEnd of Easy Money Brings a $410 Billion Global Financial ShockUkraine Latest: Johnson to Evoke Wartime History in SpeechAlibaba R

8.4% earnings growth over 1 year has not materialized into gains for Bank of New York Mellon (NYSE:BK) shareholders over that period
Fri, 29 Apr 2022 19:16:02 +0000
It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners…

Check this: BNY Mellon taking payment push from paper to digital
Tue, 26 Apr 2022 16:23:21 +0000
One of the largest check processors in the country which happens to rank among Pittsburgh’s biggest financial institutions, on Tuesday said it is leveraging a series of digital innovations and financial benefits to support clients’ transition from paper to electronic transactions. BNY Mellon said initiatives include the exploration of carbon-tracking tools that could show clients the true environmental cost of their paper payments, as well as price discounts on certain digital payment solutions and waivers of some upfront implementation fees for select clients that commit to the digital journey. BNY Mellon said its clients have already reduced the amount of checks sent to the New York-based financial giant for processing by 3% in 2020 and by 8.5% from 2019 levels, with those check volumes falling to 291 million in 2021.

BNY Mellon Drives Industry Reduction in Paper Checks as Sustainability Goals Ramp Up
Tue, 26 Apr 2022 12:00:00 +0000
BNY Mellon — one of the largest check processors in the U.S. — is leading efforts to reduce check-based payments as sustainability goals and environmental concerns take root across the globe. To support U.S. clients' transition from paper to electronic transactions, the bank is leveraging a series of digital innovations and financial benefits.

BNY Mellon Names Roman Regelman CEO of Securities Services and Digital
Mon, 25 Apr 2022 14:30:00 +0000
The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) announced today that Roman Regelman, Chief Executive Officer of Asset Servicing, will also assume leadership of the Issuer Services business, effective immediately. Mr. Regelman, a member of the Executive Committee, will continue to lead Digital for BNY Mellon. Current Issuer Services CEO Francis (Frank) J. La Salla will join The Depository Trust & Clearing Corporation (DTCC) in June and become the President and CEO later this yea

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.