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BNY Mellon (BK) is downgraded to Outperform from Strong Buy at Raymond James, the price target...

BNY Mellon (BK) is downgraded to Outperform from Strong Buy at Raymond James, the price target remaining unchanged at $26. RJ says lowered expectations for capital markets revenues and persistently low interest rates are behind the ratings cut.
Comments (1)
  • ews1111
    , contributor
    Comment (1) | Send Message
     
    Why is BK hoarding billions of dollars of cash rather than increasing the dividend? Is there really potential acquisition candidate, or are they concerned that their cash will be needed to settle myriad lawsuits?

     

    W.S.
    10 Sep 2012, 12:12 PM Reply Like
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