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Is BNY Mellon Stock Expensive?

Having gained more than 80% since the March 23 lows of last year, at the current price near $51 per share, we believe BNY Mellon’s stock is trading above its near-term potential. The bank has seen its stock increase from $27 to $51 off the March 2020 bottom compared to the S&P 500 which rallied.

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