Summary
- I evaluate the Bank of NYM's success growing its interest revenue in association with federal fund rate hikes and how I believe that stems to investor equity growth.
- The Bank of NYM has exhibited its commitment to its shareholders via favorable dividends and share repurchases.
- I analyze the Bank of NYM's CET1 and other metrics, and explain why I believe the Bank of NYM is financially stable.
- I Quantitatively analyze the Bank of NYM and give my forecasted FY19 year-end price target.
Thesis
The Bank of New York Mellon (NYSE: BK) is a historical bank that has been around dating back to 1784. This bank has seen it all, and with federal interest rate hikes on the horizon, and with the Bank of NYM’s shareholder commitment and financial stability, I expect it to achieve an FY19 year-end price target of $64.00 per share.
