Comments for BK - Stockpickr! Your Source for Stock Ideas

Comments for BK

Added By	Comments	Type	Date Added
barrons3	Buy - Price 27.23 on Oct. 20 by Janney Capital Markets Despite a $2.54-per-share restructuring charge, book value per share actually increased this quarter, to 23.50/share, versus June's 22.68, and 22.03 at the end of the first quarter. We base our 33-a-share fair value on projected book value, and apply a 1.3 times multiple to this valuation, in line with current trading levels. Based on the current dividend reduction and assuming organic growth equal to our next 12 months' earnings-per-share estimates of $2.26, BK is on pace to increase book value per share by $1.90 over the next 12 months. We view a 1.2-times-to-1.5-times book-value multiple to be reasonable. Market cap: $32.8 billion.	Love	October 24, 2009
barrons3	I tell my clients if you’ve got to own financials only look at righteous names such as Bank of Hawaii (BOH), Westamerica (WABC), Cullen/Frost (CFR), Northern Trust (NTRS) or Bank of New York (BK).	Love	October 07, 2009
camolarry	undervalued	Love	July 30, 2009
Stockpickr Staff	Meanwhile, UBS resumed coverage of several financial stocks, with analyst Glenn Schorr assigning a neutral rating to JPMorgan and Citigroup, as well as Bank of New York Mellon (BK), Greenhill (GHL), Morgan Stanley (MS), Northern Trust (NTRS) and State Street (STT). Schorr also resumed coverage of Goldman Sachs (GS) with a buy rating. <a href="http://www.thestreet.com/story/10531281/1/financial-winners-and-losers-jpmorgan.html" target="_blank">Read more here.</a>	Love	June 30, 2009
Stockpickr Staff	"If Wells Fargo went up 6, isn't it reasonable to presume that Bank of New York Mellon (BK), KeyCorp (KEY), Capital One (COF), BB&T (BBT) and no doubt all of the others, would do the same?" (<a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=8f053f2a-e87f-4c21-b108-9c07006a98f7" target="_blank">"A Bevy of Bank Offerings," 5-12-09</a>)	Love	May 13, 2009
Stockpickr Staff	Shares of Bank of New York Mellon (BK), which earlier in the week slashed its dividend 63% in an effort to build capital, were falling. <a href="http://www.thestreet.com/story/10490319/1/financial-winners-and-losers-citigroup.html" target="_blank">Read more here.</a>	Love	April 22, 2009
Stockpickr Staff	Trying to sort through Bank of New York's (BK) quarter, which doesn't seem so hot. (<a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=4423d6de-c80d-4015-88f6-9bf200941806" target="_blank">"'Not Bad' May Just Be Good Enough Here," 4-21-09</a>)	Love	April 22, 2009
Stockpickr Staff	Bank of New York Mellon (BK) was plummeting 14.6% after the bank reported a 57% drop in first-quarter profit and said it is slashing its dividend to 9 cents from 24 cents. <a href="http://www.thestreet.com/story/10488944/1/financial-winners-losers-citigroup.html" target="_blank">For more, read <I>TheStreet.com's</I> article.</a>	Love	April 21, 2009
Stockpickr Staff	Barclays retains the revenue generated from the securities servicing for iShares, although State Street (STT) and Bank of New York Mellon (BK Quote) have been cited as potential bidders on this business.	Love	April 17, 2009
Stockpickr Staff	<a href="http://pjava.thestreet.com/story/10486962/1/financial-winners-losers-jpmorgan.html" target="_blank">Read more here.</a>	Love	April 16, 2009
rmchase	this bank is a holder of assets not a lender with bad debt	Love	April 16, 2009
mattdaker	good upside from here	Love	April 07, 2009
barrons3	We see the banks reversing. I continue to point out Bank of New York (BK) and State Street (STT) as the best way to play the new, liberal FASB rules that are coming.	Love	April 02, 2009
Stockpickr Staff	We see the banks reversing. I continue to point out <B>Bank of New York</B> (BK) and <B>State Street</B> (STT) as the best way to play the new, liberal FASB rules that are coming. <B>Goldman Sachs</B> (GS), covered by Doug Kass in yesterday's downturn, has lifted again. That has been the leader, and it remains so. <B>Lincoln National</B> (LNC)? No follow-through. <B>Hartford</B> (HIG)? Not down on the downgrade.	Love	April 01, 2009
sarah z	From a recent Mad Money show:"That's a good bank, but it's a bank, so I'm not recommending it. I'd scale out of that one by Friday."	Love	March 12, 2009
Katie1920	Int'l Bank	Love	February 10, 2009
barrons3	There is nothing in common between Morgan Stanley (MS) and US Bancorp (USB). State Street (STT) is in a class by itself, unless you consider Bank of New York (BK), which has similar businesses.	Love	January 22, 2009
barrons3	Under the plan, the US government would take preferred stock in Bank of America [BAC], Wells Fargo [WFC], Citigroup [C], JPMorgan Chase [JPM], Goldman Sachs [GS], Morgan Stanley [MS] and Bank of New York [BK], State Street [STT] and Merrill Lynch [MER].	Love	October 15, 2008
barrons2	8. Bank of New York (BK): I think this one's been knocked down too much. It just isn't deserving of the tarring it has gotten. I don't see a lot of upside, but the downside is a tad overdone given less exposure to real estate and good fee income.	Love	August 28, 2008
High Dividends	1.7	Love	July 22, 2008
barrons2	"This is a once-in-a-generation opportunity in the financials," says Mark Boyar, head of the New York investment firm bearing his name. Boyar is partial to such stocks as JPMorgan Chase (JPM), Lehman Brothers (LEH), Travelers (TRV) and Bank of New York Mellon (BK). The last time financial stocks were hit so badly was in 1990, when the group fell 24%. That was followed by a 43% gain in 1991.	Love	July 19, 2008
sarah z	From a recent Mad Money show: "I am not recommending any financials on this show. I reiterate that I'm not a buyer of any financial stocks."	Love	July 08, 2008
barrons2	Options volume is unusually high in two banks, explains Jon Najarian. KeyCorp (KEY) and Bank of New York Mellon (BK).	Love	June 04, 2008
mapollack	Bank that has no exposure to subprime. Price is depressed	Love	March 18, 2008
barrons2	Buy - Price 43.75 on Jan. 22 by Punk Ziegel & Co. BK reported 4Q earnings of 45 cents a share -- well below estimate and 3Q -- due to a series of one-time events. The estimates for the next three years are being raised as follows: 2008E increases to $2.93 a share from $2.89; 2009E is being raised to $3.24 a share from $3.14; and 2010E is $3.53...The setback the company experienced in balance-sheet [management] is not expected to be a material event in the next few quarters or years. Market-cap: $35 billion.	Love	January 26, 2008
barrons2	"Investors are valuing BNY Mellon more modesty than its two biggest rivals. When they fully recognize the company's virtues, the stock will rise by over 15% annually."	Love	December 29, 2007
nobreeze	dividend, limited exposure to financial structured products	Love	November 23, 2007
bcraig1	Growth	Love	October 11, 2007
CharliesList	great new executive management and return very good	Love	July 15, 2007
Barrons	From Barron's 7-16-07: "On July 1, Bank of New York completed its $16.5 billion takeover of Pittsburgh-based Mellon Financial. Tuesday, Bank of New York Mellon (BK) declared a quarterly common dividend of 24 cents a share. Yield: 2.10%. Each company had paid 22 cents prior to the merger."	Love	July 14, 2007