Looking into the current session, Bank of New York Mellon Inc. BK shares are trading at $77.72, after a 0.80% decrease. Over the past month, the stock decreased by 5.62% , but over the past year, it actually spiked by 47.51% . With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. A Look at Bank of New York Mellon P/E Relative to Its Competitors The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. Bank of New York Mellon has a lower P/E than the aggregate P/E of 43.67 of the Capital Markets industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Thursday's ScoresMaryland is suing the company that produces the waterproof material Gore-Tex often used for raincoats and other outdoor gear, alleging its leaders kept using “forever chemicals” long after learning about serious health risks associated with them. The complaint, which was filed last week in federal court, focuses on a cluster of 13 facilities in northeastern Maryland operated by Delaware-based W.L. Gore & Associates. It alleges the company polluted the air and water around its facilities with per- and polyfluoroalkyl substances , jeopardizing the health of surrounding communities while raking in profits. The lawsuit adds to other claims filed in recent years, including a class action on behalf of Cecil County residents in 2023 demanding Gore foot the bill for water filtration systems, medical bills and other damages associated with decades of harmful pollution in the largely rural community. “PFAS are linked to cancer, weakened immune systems, and can even harm the ability to bear children,” Maryland Attorney General Anthony Brown said in a statement. “It is unacceptable for any company to knowingly contaminate our drinking water with these toxins, putting Marylanders at risk of severe health conditions.” Gore spokesperson Donna Leinwand Leger said the company is “surprised by the Maryland Attorney General’s decision to initiate legal action, particularly in light of our proactive and intensive engagement with state regulators over the past two years.” “We have been working with Maryland, employing the most current, reliable science and technology to assess the potential impact of our operations and guide our ongoing, collaborative efforts to protect the environment,” the company said in a statement, noting a Dec. 18 report that contains nearly two years of groundwater testing results. But attorney Philip Federico, who represents plaintiffs in the class action and other lawsuits against Gore, called the company’s efforts “too little, much too late.” In the meantime, he said, residents are continuing to suffer — one of his clients was recently diagnosed with kidney cancer. “It’s typical corporate environmental contamination,” he said. “They’re in no hurry to fix the problem.” The synthetic chemicals are especially harmful because they’re nearly indestructible and can build up in various environments, including the human body. In addition to cancers and immune system problems, exposure to certain levels of PFAS has been linked to increased cholesterol levels, reproductive health issues and developmental delays in children, according to the Environmental Protection Agency. Gore leaders failed to warn people living near its Maryland facilities about the potential impacts, hoping to protect their corporate image and avoid liability, according to the state’s lawsuit. The result has been “a toxic legacy for generations to come,” the lawsuit alleges. Since the chemicals are already in the local environment, protecting residents now often means installing complex and expensive water filtration systems. People with private wells have found highly elevated levels of dangerous chemicals in their water, according to the class action lawsuit. The Maryland facilities are located in a rural area just across the border from Delaware, where Gore has become a longtime fixture in the community. The company, which today employs more than 13,000 people, was founded in 1958 after Wilbert Gore left the chemical giant DuPont to start his own business. Its profile rose with the development of Gore-Tex , a lightweight waterproof material created by stretching polytetrafluoroethylene, which is better known by the brand name Teflon that’s used to coat nonstick pans. The membrane within Gore-Tex fabric has billions of pores that are smaller than water droplets, making it especially effective for outdoor gear. The state’s complaint traces Gore’s longstanding relationship with DuPont , arguing that information about the chemicals' dangers was long known within both companies as they sought to keep things quiet and boost profits. It alleges that as early as 1961, DuPont scientists knew the chemical caused adverse liver reactions in rats and dogs. DuPont has faced widespread litigation in recent years. Along with two spinoff companies, it announced a $1.18 billion deal last year to resolve complaints of polluting many U.S. drinking water systems with forever chemicals. The Maryland lawsuit seeks to hold Gore responsible for costs associated with the state’s ongoing investigations and cleanup efforts, among other damages. State oversight has ramped up following litigation from residents alleging their drinking water was contaminated. Until then, the company operated in Cecil County with little scrutiny. Gore announced in 2014 that it had eliminated perfluorooctanoic acid from the raw materials used to create Gore-Tex. But it’s still causing long-term impacts because it persists for so long in the environment, attorneys say. Over the past two years, Gore has hired an environmental consulting firm to conduct testing in the area and provided bottled water and water filtration systems to residents near certain Maryland facilities, according to a webpage describing its efforts. Recent testing of drinking water at residences near certain Gore sites revealed perfluorooctanoic acid levels well above what the EPA considers safe, according to state officials. Attorneys for the state acknowledged Gore’s ongoing efforts to investigate and address the problem but said the company needs to step up and be a better neighbor. “While we appreciate Gore’s limited investigation to ascertain the extent of PFAS contamination around its facilities, much more needs to be done to protect the community and the health of residents,” Maryland Department of the Environment Secretary Serena McIlwain said in a statement. “We must remove these forever chemicals from our natural resources urgently, and we expect responsible parties to pay for this remediation.”747 super ace 。

LOS ANGELES (AP) — The Los Angeles Lakers have traded guard D'Angelo Russell to the Brooklyn Nets for forward Dorian Finney-Smith and guard Shake Milton. The Lakers also sent forward Maxwell Lewis and three second-round draft picks to Brooklyn on Sunday. Russell averaged a career-low 12.4 points for the Lakers this season in a diminished role under new coach JJ Redick, who had vowed to unlock the point guard's formidable offensive game. Instead, Russell was removed from the starting lineup in early November, and he struggled to make a consistent impact as a reserve, with his shooting percentages declining significantly from his previous two seasons back in Los Angeles. The 6-foot-7 Finney-Smith isn't a top scorer, but he is a steady 3-and-D wing who fills an obvious need for the Lakers. Los Angeles has had inconsistent wing play and has lacked an effective defender at the key position during the long-term injury absence of Jarred Vanderbilt , who hasn't played since Feb. 1. Finney-Smith averaged 10.4 points and 4.6 rebounds while hitting a career-best 43.5% of his 3-point attempts this season for the Nets, who acquired him from Dallas in the February 2023 in the trade of Kyrie Irving . Finney-Smith has been limited to five games this month by a sprained ankle and a bruised calf, but the 31-year-old played 27 minutes against San Antonio on Friday. “We want to thank D’Angelo for his second stint with us, where we celebrated some great moments and accomplishments on the court together," Lakers general manager Rob Pelinka said in a statement. "We are thrilled to add the physicality, toughness and elite shooting that Dorian Finney-Smith will bring to our core. We also greatly value the playmaking of Shake Milton. We are excited for our fans to get both of these players out on the court.” Redick and Finney-Smith were teammates with the Mavericks during the 2020-21 season, and Redick has expressed admiration for Finney-Smith's hard-nosed game. Milton is joining his sixth NBA team in less than two years, including his third trade in 11 months. He is averaging 7.4 points and 2.4 assists this season as a Nets reserve. Russell is being traded by the Lakers to the Nets for the second time in his career. He also made the move in 2017 after spending his first two NBA seasons with Los Angeles, which drafted him in 2015. Russell earned the only All-Star selection of his career during his two seasons in Brooklyn. Russell has been traded five times in the past 7 1/2 years. The 10-year pro excelled for the Lakers during their run to the 2023 Western Conference finals after returning to the team in February of that season, although he got benched during that final playoff series against Denver. Russell remained a fairly consistent scorer last year while setting a new franchise record for 3-pointers made in a season, but his career-long problems with offensive inconsistency and defensive ability kept him out of Redick's plans this year. With Russell's departure, Gabe Vincent is the only true point guard left in the Lakers' rotation, although LeBron James often fills the role of initiating their offense. The Lakers (18-13) have won five of six heading into their visit from Cleveland on New Year's Eve. The trade continues a roster restructuring by the Nets, who traded former Lakers point guard Dennis Schröder to Golden State two weeks ago. Schröder was Brooklyn's third-leading scorer, while Finney-Smith was its fourth-leading scorer. The Nets have been one of the NBA's lowest-scoring teams this season, so Russell should have plenty of chances to make an offensive impact. Brooklyn has lost three of four heading into its road game against Orlando on Sunday. Russell's $18.7 million contract expires this summer, while Finney-Smith has a $15.4 million player option for the 2025-26 season. Lewis was the Lakers' second-round pick in 2023, but he played in just 41 games over the past two seasons while shuttling to the G League. ___ AP NBA: https://apnews.com/NBA Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Maryland sues maker of Gore-Tex over pollution from toxic 'forever chemicals'A thorough security evaluation was conducted at the Shiv Khori shrine in Jammu and Kashmir's Reasi district, following a recent terrorist attack on a pilgrim bus. This stringent review aims to reassure pilgrims and residents about their safety. Following the attack that claimed nine lives and injured 40, Senior Superintendent of Police (SSP) Paramvir Singh led a security overhaul, focusing on enhanced surveillance along the yatra route. He directed heightened vigilance against potential threats and coordinated with local police and CRPF officers to strengthen security protocols. Recognizing attempts to revive militancy, the SSP ordered verification of migrants and workers, monitoring of social media for radicalization, and revisiting terrorist operatives. Inter-agency cooperation was urged to maintain peace and prevent further incidents. (With inputs from agencies.)VIVOTEK Wins Double Honors for Its Commitment to Sustainability