The Bank of New York Mellon Corp (NYSE:BK)
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The Company provides services that enable institutions & individuals to move and manage their financial assets. It has a tradition of collaborating with clients to deliver solutions through its securities servicing, treasury management & private banking.
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Trading at 0.79 of book value, a PE ratio of 11.23, and with a trailing dividend of 2.3% (payout ratio 22%) makes this a value investment with a lot of potential to achieve higher returns of both dividends and capital. In addition, Warren Buffet's firm, Berkshire recently tripled its stake in this bank, indicating there's a lot of value here.