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Bank of New York Mellon (BK)

BNY Mellon (BK) has exhibited a notable recovery in the SIACharts S&P 100 Index Report rankings since its decline last spring. The downward trend reversed as treasury yields decreased and the financial sector regained favor, propelling BK from the red to the Green Favored Zone, a position not held since the previous March. The company’s recent performance, with a 17.5% rally since November, notably outperformed the S&P 100’s 4.3% increase, contrasting its earlier underperformance while in the red zone.

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