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Bank of New York Mellon

 

Buy Bank of New York Mellon stocks and shares

BANK OF NEW YORK MELLON (BK) Stocks

ABOUT BANK OF NEW YORK MELLON

? The Bank of New York Mellon Corporation (BNY Mellon), a multinational banking and financial services holding company founded in 2007 through the merger of The Bank of New York and Mellon Financial Corporation, is headquartered in Manhattan, New York, in the United States.

Its history can be traced back to 1784. Through its predecessor, the Bank of New York, it is one of the oldest banking corporations in the U.S., and among the oldest globally. The Bank of New York was formed during a meeting at a coffee house on St. George’s Square, due to pressure from the shipping industry that was suffering losses because of a lack of a bank.

Bank of New York operated without a charter for its first seven years. Bank of New York was the first company to be traded on the New York Stock Exchange (NYSE) when it opened in 1792. Mellon was established in 1869 by the Mellon family of Pittsburgh. Today, BNY Mellon is the world’s biggest custodian bank and asset servicing company, with USUS Dollar 33.1 trillion in asset under custody as of December 2018.

The Bank of New York Mellon operates as a subsidiary of The Bank of New York Mellon Corporation. Bank of New York Mellon operates six core businesses, namely global payment services, securities servicing, corporate banking, asset management and private client services, global market services and retail banking.

BNY Mellon is operational in 35 countries, including the Americas, Europe, the Middle East and Africa (EMEA), and Asia-Pacific. The group’s EMEA headquarters is situated in London, in the United States, and its Asia-Pacific operations are headquartered in Hong Kong. Today, the company employs approximately 51 300 people across its various operations.

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OVERVIEW OF BANK OF NEW YORK MELLON

  • Bank of New York Mellon’s core function is to manage and service the investments of institutions and high-net-worth individuals. The bank functions through two primary businesses, namely Investment Services and Investment Management. These businesses offer services for every stage of the investment process. BNY Mellon’s clientele include 80% of Fortune 500 companies.
  • The company’s Investment Services segment represents about 72% of its total revenue. Financial services offered by this segment include asset servicing, broker-dealer services, alternative investment services, and corporate trust and treasury services. Other services include global collateral services, securities lending, foreign exchange, depository receipts, and middle and bank office outsourcing.
  • The Investment Management division generates 28% of BNY Mellon’s total revenue. This segment operates a number of asset management boutiques and is the largest multi-boutique investment manager globally.
  • BNY Mellon’s Wealth Management division focuses on private banking, estate planning, family office services and investment management of high-net-worth individuals. This unit has expanded exponentially since 2013.
  • BNY Mellon also has an “Other” segment which concentrates on leasing portfolios, corporate treasury activities, derivatives and other trading, corporate and black-owned life insurance and renewable energy investments, and business exits. The company’s subsidiary, Pershing LLC, handles securities services such as execution, settlement and clearing. It also offers back-office support to financial advisors. BNY Mellon Markets, established in 2014, renders collateral management, securities finance, foreign exchange, and capital markets services.

VALUES OF BANK OF NEW YORK MELLON

  • Bank of New York Mellon’s mission is to assist people to realize their full potential through the bank’s expertise to power investment success. Improving lives is the company’s biggest motivator.
  • The company’s business strategy positions it perfectly to be even more successful and become a better partner to its clients. Through innovation, the company stays ahead of changing marketplace forces and capitalizes on new and emerging opportunities.
  • All its operations are client-focused and management pursues excellence in all daily activities. Values such as transparency, accountability, integrity, excellence and teamwork define the company’s business ethos. The latter creates trust and adds value for clients, employees, partners and shareholders alike.

MARKET PERFORMANCE OF BANK OF NEW YORK MELLON

  • Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the stock symbol “BK”.
  • The company is a S&P 100 and S&P 500 component. The company’s steady financial performance boosts investor confidence. In 2018, it recorded revenue of USUS Dollar 16.39 billion, net income of USUS Dollar 4.25 billion, and total assets valued at USUS Dollar 362.87 billion.
  • Shareholders can therefore buy or sell company shares in the expectation of lucrative dividends and returns for their purchases.

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LATEST NEWS BANK OF NEW YORK MELLON

Buy BANK OF NEW YORK MELLON stocks / shares – A Step by Step Guide how to Buy / Purchase BANK OF NEW YORK MELLON Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy BANK OF NEW YORK MELLON Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN BANK OF NEW YORK MELLON STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE BANK OF NEW YORK MELLON STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of BANK OF NEW YORK MELLON stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy BANK OF NEW YORK MELLON stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : APPLIED MATERIALS STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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