Bank of New York (BK) Offering Possible 7.76% Return Over the Next 17 Calendar Days

Bank of New York's most recent trend suggests a bullish bias. One trading opportunity on Bank of New York is a Bull Put Spread using a strike $38.50 short put and a strike $33.50 long put offers a potential 7.76% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $33.50 long put strike price.

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

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

The RSI indicator is at 78.08 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

Taiwan's ground-breaking new rules around Depositary Receipts could open the door to increased foreign investment, says BNY Mellon
Thu, 06 Nov 2014 08:51:50 GMT
noodls – Move expands investor connectivity opportunities for Taiwanese companies in North America by permitting non-capital raising Level I DRs Nov 6, 2014 HONG KONG , Nov. 6, 2014 /PRNewswire/ — Taiwan's Financial …

Taiwan's ground-breaking new rules around Depositary Receipts could open the door to increased foreign investment, says BNY Mellon
Thu, 06 Nov 2014 08:14:00 GMT
PR Newswire – HONG KONG, Nov. 6, 2014 /PRNewswire/ — Taiwan's Financial Supervisory Commission's (FSC) announcement to amend its regulations to allow over-the-counter (OTC) non-capital-raising Depositary Receipt (DR) programmes could make investing in Taiwanese companies more accessible for global investors and may encourage increased foreign investment into Taiwan, says BNY Mellon. This new scheme will provide global investors with more convenient access to Taiwanese companies and will benefit these companies by broadening their shareholder base internationally without the costs associated with listing on an overseas stock exchange. Qualified issuers already listed on the Taiwan Stock Exchange (TWSE) and GreTai Securities Markets will not have increased reporting requirements in order to trade on the U.S.

Funded Status of U.S. Corporate Pensions Falls to 89.5 Percent, According to BNY Mellon ISSG
Wed, 05 Nov 2014 13:49:17 GMT
noodls – Public Plans, Foundations and Endowments All Beat Targets in October Nov 5, 2014 NEW YORK , Nov. 5, 2014 /PRNewswire/ — The funded status of the typical U.S. corporate pension plan fell 0.4 percentage …

Funded Status of U.S. Corporate Pensions Falls to 89.5 Percent, According to BNY Mellon ISSG
Wed, 05 Nov 2014 13:17:00 GMT
PR Newswire – Public defined benefit plans, endowments and foundations beat their targets in October on the strength of rising asset values, ISSG said. For the typical corporate plan in October, assets increased 1.5 percent, trailing the 1.9 percent increase in liabilities, according to the BNY Mellon Institutional Scorecard. ISSG attributed the higher assets for corporate plans in October to the improvement in U.S. The higher liabilities for corporate plans in October resulted from the Aa corporate discount rate falling 11 basis points to 4.20 percent over the month. Plan liabilities are calculated using the yields of long-term investment grade bonds. Lower yields on these bonds result in higher liabilities.

Eagle collaborates with Interactive Data to support Solvency II compliance
Wed, 05 Nov 2014 13:00:00 GMT
PR Newswire – LONDON, Nov. 5, 2014 /PRNewswire/ — Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced a collaboration which will see it provide pricing and reference data from Interactive Data to Eagle's European insurance clients to assist them in addressing the complexities around Solvency II compliance. Solvency II is a European Union directive designed to ensure insurance companies operating in Europe have enough underlying assets to cover their insurance commitments. Although the directive is not scheduled to come into effect until 2016, insurance companies are already looking to incorporate some of its key features into their processes, due to the complexity associated with implementations such as these. In consultation with a leading European insurance company, Eagle conducted a detailed analysis of the information that Eagle requires to create the tools that will help Eagle's clients achieve compliance and conducted an extensive tender process.

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