Invest In BNY Mellon - The World's Largest Custodian Bank

Collin Sclesky
117 Followers

Summary

  • Consecutive earnings misses have hurt BNY Mellon's valuation.
  • Q4 2022 and Q1 2023 earnings reports are key to the stock's long-term appreciation.
  • Discounted future dividends indicate an intrinsic value of $59 per share.

Oldest Bank In The U.S., BNY Mellon, To Add Cryptocurrency Services

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Investors should buy shares of BNY Mellon (NYSE:BK).

BNY Mellon presents an interesting value opportunity for investors. The stock struggled throughout 2022, down 22% YTD. Moreover, Q2 and Q3 earnings misses have further hampered the stock's performance. BNY Mellon has also

This article was written by

117 Followers

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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