Is Now a Good Time to Consider The Bank of New York Mellon?

Filed under: Bank of New York (BK), Stocks to Buy

Typically, a stock that nose-dives 23% in three months would be cause for alarm, but not when the stock is The Bank of New York Mellon (BK), which I first wrote about on April 6, 2009 at a price of $28.16.



Just view BK's over-correction as a chance to scoop-up shares of a premiere bank and wealth manager.



Look for BK's 2010 revenue to rise about 7-10%, then about 10-12% in 2011, on higher fees and improving margins. Asset management fees in its equities and fixed income business should record solid increases, on price gains in those markets and due to increased client deposits. New business wins add to the positive mix.

Continue reading Is Now a Good Time to Consider The Bank of New York Mellon?

Is Now a Good Time to Consider The Bank of New York Mellon? originally appeared on BloggingStocks on Wed, 21 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

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