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BANK OF NY MELLON CP Reports Operating Results (10-K)
Posted by: gurufocus (IP Logged)
Date: February 28, 2012 04:24PM
BANK OF NY MELLON CP (BK) filed Annual Report for the period ended 2011-12-31. Bank Of Ny Mell has a market cap of $26.28 billion; its shares were traded at around $22.34 with a P/E ratio of 10.3 and P/S ratio of 1.8. The dividend yield of Bank Of Ny Mell stocks is 2.4%.
Highlight of Business Operations:The fees earned by our Investment Management business that is, Asset Management and Wealth Management and, accordingly, its profitability are higher as assets under management increase. Those fees are also impacted by the composition of the assets under management, with higher fees for some asset categories as compared to others. Uncertain and volatile capital markets could result in reductions in assets under management because of investors decisions to withdraw assets or from simple declines in the value of assets under management as markets decline. Uncertain and volatile financial markets may also result in changes in customer allocations of funds among money market, equity, fixed income or other investment alternatives. Those changes in allocation may be from higher fee investments to lower fee investments. For example, at Dec. 31, 2011, using the S&P 500 Index as a proxy for the global equity markets, we estimate that a 100-point change in the value of the S&P 500 Index, sustained for one year, would impact fee revenue by approximately 1% and fully diluted earnings per common share by $0.03 to $0.05.
Stocks Discussed: BK,