1-Minute Earnings Review: Bank of New York Mellon
While The Bank of New York Mellon's (NYSE: BK) earnings report wasn't particularly exciting one way or another as it pretty well fell in line with expectations, Motley Fool financial analyst Matt Koppenheffer feels that can be a good thing. While the market sold off on the stock a bit today -- partly due to concerns about the shrinking net interest margin, which has been a pervasive concern across the board among banks this earnings season -- as a bank with 78% of its revenue coming from fees, net interest margin isn't nearly as much of a concern here. In this video, Matt gives us a few other reasons to be positive on the bank.
While some big banks continue to limp through their post-crisis recovery, Bank of New York Mellon has bounced right back. Though the bank is an 800-pound gorilla in the custody and asset management business, a new regulatory environment could be either a big new opportunity or a considerable risk. To help figure out whether this banker's bank is worthy of a spot on your watchlist, you're invited to check out The Motley Fool's new premium research report on Bank of New York. Click here now to claim your copy, and receive a full FREE year of key updates and guidance as news develops.
The article 1-Minute Earnings Review: Bank of New York Mellon originally appeared on Fool.com.Fool contributor Matt Koppenheffer has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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