Bank of New York Mellon Partners with Alight Solutions on Retirement Solution

Corporate Action
โดย Simply Wall St·Read original
Summary · why it matters

Bank of New York Mellon Corporation has entered a new collaboration with Alight Solutions to deliver an integrated retirement solution for defined contribution and defined benefit plans. BNY shares last closed at $152.26, reflecting a 30.09% year-to-date return and a 65.62% one-year total shareholder return. The stock trades at 18.3 times earnings, below the US market average of 19.1 times but above its fair ratio of 16.3 times. A narrative-based fair value estimate places the stock at $150.57, suggesting it is slightly overvalued.

Impact on stocks 2

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Alight Inc
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▲ PositiveDemandrelevance

Alight Solutions partners with BNY Mellon to deliver integrated retirement solutions, likely increasing demand for Alight's services.

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