|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.90 - 52.46|
|52 Week Range||38.68 - 54.59|
|PE Ratio (TTM)||15.53|
|Dividend & Yield||0.96 (1.84%)|
|1y Target Est||N/A|
On the day that traders returned from the long Labor Day weekend, several indexes tracking bank stocks broke down. It seemed to be the last straw in a banking sector that was already lagging. Indeed, the stock market rallied most of the year without any help from banks at all.
Bank of New York Mellon recently announced its decision to sell its boutique real estate unit CenterSquare Investment Management to the latter’s management team and private equity player Lovell Minnick Partners
Founded in 1987 and based in Plymouth Meeting, Pa., the boutique has about $9 billion in assets under management in U.S. and global real-estate and infrastructure investments.