The Bank of New York Mellon Corp (NYSE:BK)

CAPS Rating: 4 out of 5

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.

Recs

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Player Avatar JohnCLeven (81.60) Submitted: 10/1/2012 11:18:38 AM : Outperform Start Price: $22.21 BK Score: +42.00

Doing some coattail riding here... 1)BK is selling well below it's Graham number which I calculated to be about $35. 2)Buffett recently increased his stake over 200% 3)Tweedy, Dremen, and Yacktman were all buyers in the low $20s 4) Seemingly cheap - P/B 0.8, P/E 12 5) 2.3% Dividend 6) I'm no bank expert, but people who are seem to think BK have a significant moat.

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