Bank of New York Mellon: we collect fees with no credit risk

I recently bought some stock of this bank. In reading the annual report I really liked many aspects of their different businesses.

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Bank of New york mellon

bk

  1. Net income is going up & share count is going down thanks to share buybacks.

  2. EPS is going up, profitability is gaining traction.

  3. 80% of the revenue is fee based, they don’t take credit risk and that is a big +

  4. they raised the dividend by 18% this year and their payout ratio is only 26% = it’s a safe and long term growing dividend.

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