Bank of New York Mellon Outperforms Finance Sector in 2023

The Bank of New York Mellon Corporation (BK) outperformed its Finance peers by 26.5% in 2023, driven by a 3.4% increase in the Zacks Consensus Estimate for its full-year earnings. BK's Zacks Rank of #2 (Buy) suggests strong analyst sentiment and a positive earnings outlook. Nu Holdings Ltd. (NU) also outperformed the sector with a 47.1% year-to-date return and a Zacks Rank of #2 (Buy).