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Thinking of trading BANK OF NEW YORK?

    1. Bank of New York Mellon is the oldest continuously operating bank in the U.S., and has a diverse revenue stream featuring private banking, asset management, and institutional banking businesses. 2. Warren Buffet (Berkshire) has added to its stakes in U.S. Bancorp and Bank of New York Mellon several times recently, in 2018. This is definitely a good sign for those doubting on whether this stock is a good option to invest in.
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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

BNY Mellon was founded in 2007 in New York, It is trading in the NYSE Index with the ticker BK, It is also component of S&P 100 and S&P 500. Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr.On December 4, 2006, the Bank of New York and Mellon Financial Corporation announced they would merge.The deal was valued at $16.5 billion and under its terms, the Bank of New York's shareholders received 0.9434 shares in the new company for each share of the Bank of New York that they owned, while Mellon Financial shareholders received 1 share in the new company for each Mellon share they owned. In recent years, between 2014 and 2016, BNY Mellon opened innovation centers focused on emerging technologies, big data, digital and cloud-based projects.

1. Net interest revenue fell 8.5% in the quarter from 2018 to $841 million. The bank was hurt by relatively calm markets in the first three months of the year, which led to a slowdown in client activity and a drop in fee revenue. Additionally, the FED in March unexpectedly backed away from its plans to keep raising the funds rate, and said it expects no further hikes this year. That dovish turn took banks and bank investors by surprise, and threw interest rate planning at banks like New York Mellon into disarray. 2. The perception in the market is that current trading and interest rate conditions will make this a sluggish growth year for the company.

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