New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Business News and Headlines
SEC Filings, Earing Reports, Press Releases
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
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.

Read the The complete Report

Stocks Discussed: BK,
Rate this post:

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat