The Bank of New York Mellon Corp (NYSE:BK)
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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bankingbanking
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I think the Merger was good for these 2 companies and long-term that will help it beat the market.
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Good financial to own with no exposure to subprime or DO instruments.
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Look at their stats!!! They are positioned to double their stock value by the end of the year and into the 1st quarter.
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Newly Merged company on the move. Will be trying to outperform any competitor out their, and they don't have to try very hard.
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Recent Mellon merger will result in increase fee income and economies of scale.
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Will benefit from the Mellon merger
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Great Brand Name. The people behind Blackstone know how to make money, their average return in the last few years has been 40%. Good value now. Get ready for BK to skyrocket in the coming year.
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As a long time MEL shareholder, I can attest that BK is gaining a solid partner in performance. Fees from custodial and management business are steady, dependable income and not subject to the types of market fluctuation that can impact most financial organizations.
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Unique postion in bank industry. Absorbing Mellon, MEL. Has paid dividends since 1785. Probably the safest stock in the market.
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strategic reallignment of business to become top player in certain niches while getting out of other businesses that don't fit
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the CEO of mellon will be one of the single biggest assets obtained in this new corp. The other being the S I Z E of the new being measured in the Trillions.
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BW 2007 Picks
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Economics of scale working overdrive here.
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Bank of New York is not a sexy stock with overnight doubles, but has been a steady, solid dividend paying performer for decades. I plan to hold on to my shares indefinitely.
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Bank of New York, founded in 1784 is a global player in securities servicing. It is one of the largest asset custodians in the world and provides back-office services to financial firms. Bank of New York provides a complete range of Financial services through its five basic businesses: securities and other processing, corporate banking, trust and investment management, retail banking, and financial market services.
In the recent quarter net interest income rose marginally by 1% to $351 million, while securities servicing fees rose by 4% y-o-y. The low transaction volume in the securities division was offset by the sound expense management systems in place. The bank is well capitalized and doesn’t seem to have much problem with credit quality. The bank has shifted to a fee based business model rather than interest rate growth, which makes it less vulnerable to the interest rate vagaries. In line with this it has gone for a business swap of its retail and middle-market banking with JP Morgan Chase corporate trustee business.
The recent merger announcement with Mellon to form Mellon Bank of New York would make it one of the world’s top 10 global asset management firms with more than $1.1 trillion in assets under management. Both the banks are focused on high return businesses with healthy organic growth track records and enhanced revenue opportunities and a balanced business mix. The merger integration would be completed in three years with $700 million of annualized cost savings during that period. The bank is expected to scale new heights and the merger would give more life and momentum thus heading for a promising year.
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Link up with Mellon is a good move. These are pure scale businesses. Technology investments are paid for -- bring on the volume.
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BK and Mel are a powerhouse in the asset management and bank backroom computer processing of stock and securitys.
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BK has finally made two smart strategic moves in a row - dumping the retail branches on JPMChase in exchange for Chase's Corporate Trust business, and the Mellon merger. these moves show that BK's leadership is finally waking up after a series of missteps and regulatory screwups. I see great things for BK if they can just stay on track.
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merger will only help
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