Today the stock market as a whole had a good day. BK has been down over the last few months, today it's up around $52.90 which is +. I wonder if towards the middle/end of next week after more layoffs come, if this will have any impact on share price given that word may spread in the financial/banking industry.
From my understanding when a company executes a lot of layoffs, it can yield a sign of weakness. It seems BNYM is trying to cut expenses to pillow the lack of projected or expected revenue. Any thoughts on if this will affect share price?