Weak investment markets, low interest rates, and lawsuits over making marks of its...
Weak investment markets, low interest rates, and lawsuits over making marks of its clients may all be priced into the shares of BNY Mellon (BK +1.4%), writes Jack Willoughby. Not waiting on the Fed, the company is busy cutting costs and strengthening its franchise. The dividend of 2.1% is equal to the S&P yield and the shares trade at or less than the PE ratios of competitors.
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