Published on 16 Apr 2024 on Simply Wall St. via Yahoo Finance
Investors one-year returns in Bank of New York Mellon (NYSE:BK) have not grown faster than the...
A diverse portfolio of stocks will always have winners and losers. But if you're going to beat the market overall, you need to have individual stocks that outperform. The Bank of New York Mellon Corporation (NYSE:BK) has done well over the last year, with the stock price up 25% beating the market return of 21% (not including dividends). The longer term returns have not been as good, with the stock price only 18% higher than it was three years ago.
While the stock has fallen 3.4% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.