Bank of Mellon’s stock has surged to a 52-week high, but its valuation and price-to-book ratio suggest it may be a bubble waiting to burst, making it a gamble that may not pay off in the long run.
Bank of Mellon’s stock has skyrocketed to a 52-week high, but its valuation and volatility raise questions about whether the surge is sustainable or a speculative bubble waiting to burst.