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Trending Stocks of Asset Management Industry – The Bank of New York Mellon Corporation (NYSE:BK), American Capital Ltd. (NASDAQ:ACAS).

on 28/02/2013

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Stocks that are being watched this morning are: BK, ACAS

Trend analysis report of stocks of the Asset Management industry of the Financial sector, The Bank of New York Mellon Corporation (NYSE:BK) remained a high volume stock in its industry and American Capital Ltd.(NASDAQ:ACAS) remained in the news during the last trading session due to their latest news and sizzling activities and both stock moving up during last trade.

The Bank of New York Mellon Corporation (NYSE:BK) unveiled that, in Boston, on Wednesday, 6thMarch at 10:35 a.m. EST, the vice chairman and CEO of the company, Timothy F. Keaney and vice chairman and CFO, Thomas P. Gibbons, will present at the 2013 Citi U.S. Financial Services Conference.

Asset Management company showing bullish momentum during the prior trade, The Bank of New York Mellon Corporation (NYSE:BK) started its trading session with the price of $27.03 and closed at $27.40 by scoring +1.22%. The 52 week range of BK was $19.30-$28.45.

Can Investors Bet on BK after this News update? Find out in this Research Report

BK’s stocks traded with total volume of 4,790,900 shares while the average trading capacity remained 6.45 million shares. Previous 5 days graph demonstrated a negative move of -2.11%. BK’s quarterly performance remained in the green with the percentage of +13.27, while its year to date performance showed that the stock surged 6.61%.

American Capital Ltd. (NASDAQ:ACAS) revealed that, on 6th March, 2013 at 2:50 p.m. ET, the Chairman and Chief Executive Officer of the company has planned to make a presentation in Boston at the Citi 2013 Financial Services Conference.

Financial Sector Company moving up during the previous trading session, American Capital Ltd. (NASDAQ:ACAS) traded with an upsurge of 0.80% and closed at $13.90 after gaining total volume of 4,001,100 shares. Its opening price was $13.76.

Is ACAS a Solid Investment at These Levels? Read This Report For Details

ACAS has total market capitalization of $4.23 billion with a total of 304.40 million outstanding shares. If we look at the previous six month’s performance of the stock, it remained gaining with the rise of 24.33%. In its last one month’s trade it jumped 6.76%. ACAS ’ earnings per share is $3.40 while its beta value stands at 2.29 points.  

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Source: anotherwinningtrade Posted Thu, February 28, 2013 14:30 - Permalink