Bank of New York Mellon's Recent Partnerships and Asset Growth Drive 44.8% Rally: Is It a Bargain or Overvalued?

Bank of New York Mellon has rallied 44.8% YTD and 5.3% in the last week, driven by institutional inflows and strategic partnerships. The stock earns a 3 out of 6 on our valuation scorecard, suggesting undervaluation. However, the Excess Returns model indicates that Bank of New York Mellon is overvalued by 12.3%, with an intrinsic value of $99.85 per share, 12.3% above its current price.