Bank of New York Mellon Corp. (BK, Financial)
Bank of New York Mellon has been hurt by the Fed's zero rate policies which compresses their net interest margin. With $35 trillion in assets the bank will do much better as the economy recovers and interest rates rise. It sells at one of the lowest valuations in over twenty years.
From Jeff Auxier (Trades, Portfolio)'s Auxier Asset Management fall 2020 market commentary.
