Why These 5 Stocks Are in the Spotlight on Thursday

In this article, we take a look at five stocks that are in the spotlight on Thursday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are in the Spotlight on Thursday.

5. The Bank of New York Mellon Corporation (NYSE:BK) has dipped 4.7% as of 10:46 AM ET after the New York-based asset management company announced that CEO Todd Gibbons is planning to retire, just three years after taking up the leadership role. Mr. Gibbons stepped in on an interim basis, initially, in September 2019, when his predecessor Charles Scharf stepped down to lead Wells Fargo. He was made the permanent CEO in March 2020. Vice-Chair Robin Vince will take over as the new CEO after Mr. Gibbons retire on August 31. Mr. Vince has previously worked at Goldman Sachs for over 26 years, where he occupied key positions like the Chief Risk Officer and the treasurer. Of the 924 hedge funds in Insider Monkey’s database, 49 funds held a position in The Bank of New York Mellon Corporation (NYSE:BK) at the end of Q4 2021.