Bank of New York Mellon Corp
Latest Bank of New York Mellon Corp News and Updates
BlackRock’s Retail Continues to Attract New Clients across Classes
BlackRock’s (BLK) retail business had assets under management (or AUM) of $542 billion as of March 31, 2016.
Did Banks’ Earnings Grow in 4Q15?
The Federal Deposit Insurance Corporation’s quarterly report on the health of the US banking industry said that 4Q15 bank earnings rose 11.9% year-over-year.
Is KKR a good pick for retirement or growth options?
Is KKR a good pick for growth options? KKR is expected to improve its realizations in 2015 and 2016 after an expected valuation increase of energy holdings.
BlackRock Increases Dividend on Improved Operating Performance
BlackRock has historically paid out the major portion of its profits in dividends. It increases its dividend per share in-line with its performance.
BlackRock’s Valuations following the Decline in Global Equities
BlackRock (BLK) stock has risen 27.6% over the past six months and 39.0% over the past year.
How Analysts View TD Ameritrade after Fiscal 2Q18
Of the 19 analysts covering TD Ameritrade (AMTD) in April 2018, seven have recommended “strong buy,” five have recommended “buy,” six have recommended “hold,” and one has recommended “strong sell.”
XLF May Cross Its 100-Day Moving Average: Is It Time to Buy?
The Financial Select Sector SPDR ETF (XLF) attracts the most attention among financial ETFs in the US. 87% of the fund is composed of large-cap stocks.
An investor’s guide to financial intermediation and key risks
Financial intermediation can result in concentration of risks that increase the fragility of the financial system. These risks are referred to as systemic risks.
BlackRock Misses 1Q16 Estimates on Declining Global Equities
BlackRock (BLK) reported its 1Q16 earnings on April 14, 2016. The company missed Wall Street analysts’ adjusted EPS estimates of $4.29, posting EPS of $4.25.
Financial ETF XLF Traded below Its Moving Averages on December 11
This series analyzes investors’ sentiments toward the financial sector in the major global regions: the United States, Europe, China, Japan, and the Emerging Market economies.
WisdomTree Trades at a Premium due to High Growth
WisdomTree stock is currently trading at 29x on a one-year forward earnings basis. In comparison, its peers are trading at 16.2x.
XLF Is above Its 20-Day Moving Average: Is This a Bullish Sign?
On February 19, the Financial Select Sector SPDR ETF (XLF) closed at $20.98. This is 10% and 6% below its 100-day and 50-day moving averages, respectively.
State Street’s Asset Position: Still a Concern in 1Q16?
As of the fourth quarter of 2015, State Street (STT) reported average total assets that were 10.6% lower than 4Q14.
Trian Fund lowers its position in Allegion
Allegion provides security solutions for homes and businesses, employing more than 8,000 people and selling products in more than 120 countries across the world. Allegion reported third-quarter 2014 net revenues of $546.7 million, up 3.3% compared to the previous year.
Key overview of Marcato Capital’s 3Q14 position
Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. At the end of 3Q14, the fund’s U.S. long portfolio was worth $2.81 billion, slightly up from $1.89 billion in 2Q14.
BlackRock Rewards with Higher Dividends and Repurchases
BlackRock has repurchased $1.1 billion worth of its own stock over the past four quarters. In 1Q16, the company’s stock repurchases were worth $300 million.
Asset Managers to See Growth on Diversified Offerings in 1Q18
The recent fall in stocks globally is expected to put some pressure on asset managers’ (VFH) operating performances in 1Q18.
XLF Traded in Bear Country All Last Week
The largest financial ETF, XLF well represents the entire financial sector because it invests in banks, insurance, asset management companies, and REITs.
Avis stock accounts for 5.84% of Marcato Capital portfolio
Marcato Capital added to its position in Avis Budget Group (CAR) . The stock accounted for 5.84% of the fund’s portfolio for the quarter ending in September.
Lear stock accounts for 11% of Marcato portfolio
Marcato Capital added to its position in Lear corporation (LEA) during 3Q14. The stock accounted for 11.13% of the fund’s portfolio for the quarter ending in September.
Trian Fund adds position in Mondelez International
Mondelez is a global snacking powerhouse and a world leader in biscuits, chocolate, gum, candy, coffee, and powdered beverages. It owns billion-dollar brands and reported net revenues of $8.4 billion.
Trian Fund reduces its stake in Ingersoll-Rand
Ingersoll-Rand is a global diversified firm. The company’s reported revenues increased 5% to $3,385 million, beating estimates by 6%. It expects revenues for full-year 2014 to increase by approximately 4%.
Marcato eliminates position in Brookfield Residential Properties
In 3Q14, Marcato Capital sold a position in Brookfield Residential Properties Inc. (BRP). The stock accounted for 0.6% of the fund’s portfolio for the second quarter ending in June.
Berkshire Hathaway’s Banking Holdings in Q1
Among Berkshire Hathaway’s financial holdings, JPMorgan Chase was the worst performer, while Goldman Sachs was the top performer.
How Warren Buffett’s Investment Philosophy Has Evolved
Berkshire Hathaway trimmed stakes in Apple, Wells Fargo, Southwest Airlines, United Continental, Phillips 66, and Charter Communications in the fourth quarter.
Did Buffett Miss the Bus on Apple?
Berkshire Hathaway (BRK-B) is Apple’s second-largest shareholder.
Buffett to Investors: ‘Focus on the Forest, Forget the Trees’
One of the world’s most successful investors of all times, Warren Buffett believes in investing for the long term.
Buffett’s Love for Banking Stocks Continued in Q4
Berkshire Hathaway is the largest shareholder in Wells Fargo (WFC), Bank of America (BAC), U.S. Bancorp (USB), and American Express (AXP).
Key Changes in Berkshire Hathaway’s Holdings in Q3
Looking at Berkshire Hathaway’s third-quarter 13F, the company added more Apple shares and added a new position in JPMorgan Chase.
How Wall Street Rates BlackRock and Asset Managers
Analysts gave BlackRock a price target of $613.15 on an NTM basis.
Apple in Ireland: Looking beyond the Tax Dispute
iPhone sales accounted for as much as a quarter of Ireland’s economic growth in 2017.
Analyzing Wall Street’s Views on E*TRADE Financial
E*TRADE Financial Corporation (ETFC) is covered by 16 analysts in March 2018, of which nine are suggesting a “strong buy” and two have given “hold” ratings.
What’s behind the Rise in E*TRADE’s Non-Interest Expenses?
E*TRADE Financial Corporation (ETFC) incurred total non-interest expenses amounting to $1.47 billion in 2017, which implies an increase of 17% YoY (year-over-year).
E*TRADE’s Views on the New Tariffs
Since President Trump has levied tariffs on aluminum and steel imports, they might lead to a trade war if the affected countries take the same road, as China did.
E*TRADE’s Views on the Fed Meeting and Expectations
As expected, the Federal Reserve raised interest rates by 0.25% in March, marking the first increase of 2018.
What Wall Street Has to Say about Charles Schwab
The Charles Schwab Corporation (SCHW) was covered by 20 analysts in February 2018, of whom six suggested a “hold” and one recommended a “sell.”
Analyzing Charles Schwab’s Premium Valuations
The Charles Schwab Corporation’s (SCHW) price-to-book ratio stands at 3.57x on an NTM (next-12-months) basis.
What Charles Schwab Has to Say about the Economy in 2018
The Charles Schwab Corporation’s (SCHW) management reflected positive views of the overall outlook for 2018.
Charles Schwab’s New COO and Client Behavior Report
The Charles Schwab Corporation (SCHW) announced that Joseph R. Martinetto will be its new COO.
Charles Schwab Reports January 2018 Numbers
In January 2018, The Charles Schwab Corporation (SCHW) saw core net new assets of $18.7 billion.
Why Wall Street Is Long on BlackRock Post-Rout
Wall Street analysts are expecting a limited upside for asset managers (VFH) as well as broader indexes in 2018.
BlackRock’s Valuations Stable amid Strong Operating Performance
BlackRock is currently trading at a forward price-to-earnings ratio of 17.6x, compared with the industry average of 18.6x.
BlackRock and Competitors Look at Strong 1Q18 Numbers
Among the major asset managers, BlackRock (BLK) is expected to post sequential and year-over-year growth in earnings per share to $6.38 in 1Q18 and $6.83 in 2Q18.
Wall Street Analysts Long on Asset Managers in 2018
Analysts gave BlackRock a price target of $614.92 on a next-12-month basis.
BlackRock Shareholder Payouts Rise amid Strong Growth
BlackRock’s (BLK) board approved a 15.0% increase in quarterly dividends to $2.88 payable in March 2018.
How Tax Reform Could Impact Charles Schwab
Charles Schwab (SCHW) is expected to release its 4Q17 earnings on January 17, 2018. Wall Street analysts have given a low estimate of $0.39 and a high estimate of $0.45 on earnings per share (or EPS) for 4Q17.
How Premium Are BlackRock’s Premium Valuations Going into 2018?
BlackRock’s (BLK) outperformance, estimate beats, and new assets have helped the company command premium valuations.
Wall Street Rates BlackRock High in the Industry for 2018
Asset managers (VFH) have had “buy” to “hold” ratings in recent months since equities are expected to be upbeat in the next few quarters.
State Street’s Valuation after 3Q17 Results
State Street (STT) has a one-year forward PE (price-to-earnings) ratio of 14.72x, representing a discounted valuation.
Breakdown of State Street’s Assets under Management
State Street (STT) has a total AUM (assets under management) of $2.7 trillion in 3Q17. Of the total AUM, equity contributed $1.6 trillion.
What the World’s Biggest Asset Manager Earned in 1Q17
BlackRock (BLK), the world’s largest asset manager, is expected to post earnings per share (or EPS) of $4.88 for 1Q17 on April 13, 2017, a rise of 14.8% year-over-year.
BNY Mellon’s Third Quarter Earnings Top Estimates
Bank of New York Mellon (BK) reported 3Q earnings on October 20. The company’s adjusted earnings of $0.90 per share beat consensus estimates of $0.81 and were 22% higher year-over-year.
How BNY Mellon’s Cost Control Measures Are Boosting Profits
Bank of New York Mellon (BK) has been focusing extensively on efficiency through cost controls to boost its profitability.
How Equity Trading Revenues Continue to Weigh on Goldman Sachs
Goldman Sachs reported 2Q16 earnings of $3.72 per share. It beat consensus estimates of $3.08. It was higher than the EPS of $1.98 reported in 2Q15.
PNC Financials’ Non-Interest Income Ratio Continues to Expand
PNC Financial’s non-interest income for 2Q16 increased by 10% over the previous quarter, mainly due to higher fee income growth.
How Do BlackRock’s Net Income and AUM Look amid Uncertainty?
BlackRock has become the world’s largest asset manager in just two decades. The company is managing $4.7 trillion in assets.
Will BlackRock See Margins Dip Marginally in 2Q16?
BlackRock is focusing on its iShares and retail offerings, which will help it scale up its assets under management as well as increase its margins.
BlackRock’s iShares Expected to Expand in 2Q16
BlackRock’s (BLK) iShares had assets under management (or AUM) of $1.1 trillion as of March 31, 2016. The company continues to bring in innovative themes to address investor needs.
BlackRock Declared $2.29 in Dividends in 1Q16
In 1Q16, BlackRock declared a total dividend per share of $2.29, an increase of 5% compared to the corresponding quarter last year.
Did Investment-Grade Corporate Bond Issuance Rebound Last Week?
Investment-grade corporate bonds worth $27.0 billion were issued in the primary market in the week ending April 29, 2016.
Who Had the Largest High-Grade Bond Issuance Last Week?
Emerging markets dominated the primary market for high-grade bonds in the week ending April 29, making up 47.4%, or $12.8 billion, of all issues.
Could Foreign Exchange Become a State Street Tailwind in 2016?
Foreign exchange revenues fell 14.9% to $143 million in 4Q15 due to lower currency volatility and client-related volumes.
State Street’s Product Innovation: The Key to AUM Base in 2016?
State Street engages in the management of assets for its institutional as well as retail clients. Its AUM declined to $2.2 trillion in the December quarter of 2015.
BNY Mellon’s 1Q16 Earnings Beat Estimates, Stock Gains 2.5%
The world’s second-largest custody bank, BNY Mellon (BK) reported its first-quarter earnings on April 21. The company’s earnings of $0.73 per share beat consensus estimates of $0.67 and were 9% higher year-over-year.
How BlackRock Has Maintained Its Premium Valuations amid Slowing Growth
BlackRock has historically traded at a premium compared to its peers. It is currently trading at a premium forward price-to-earnings ratio of 16.6x.
BlackRock Institutional Is Investing in Fixed Income
BlackRock’s (BLK) institutional assets under management (or AUM) were $2.8 trillion as of March 31, 2016. Institutional AUM formed 63% of the company’s total AUM.
BlackRock Expects to Attract Funds from Retail Clientele in 2016
BlackRock’s Retail segment had AUM of $541 billion as of December 31, 2015. Retail’s AUM formed 13% of the company’s total AUM.
International Equities, Strong Dollar Fuel State Street’s Revenue
State Street (STT) reported total revenues of $2.6 billion in 4Q15, down 2.7% from $2.7 billion in 4Q14.
State Street Maintains Its High Payout Ratio, Dividend Rises
State Street (STT) has historically paid out most of its profits in dividends. The company increases its dividend per share in line with performance.
Janus Targets Outside the US to Expand Managed Assets
Janus Capital (JNS) is focusing on attracting capital outside the United States. Its 20% assets under management are currently from international investors compared to just 8% in 2010.
Key Risks Involved in Investing in XLF
Risks associated with investing in the Financial Select Sector SPDR ETF (XLF) include passive risk, index tracking risk, and sector concentration risk.
Analyzing WisdomTree’s Compensation and Marketing Initiatives
WisdomTree’s compensation and benefits expense increased by 94.3% from the third quarter of 2014 to $19.4 million, forming 47% of total expenses.
The XLF ETF Crossed above Its 50-Day Moving Average on November 6
This series analyzes investor sentiment toward the US financial sector, particularly on subsectors such as regional banks, insurance, and capital market ETFs.
WisdomTree Investments Has Returned 33% in the Past Year
WisdomTree Investments’ (WETF) stock has returned approximately 33% over the past year ending November 11. It is currently trading at $20.70.
State Street Trades at a Discount on Servicing and Management
Currently, State Street is trading at a one-year forward price-to-earnings ratio of 12.5x compared to the industry average of 14.5x.
State Street Assets Under Management and Servicing Fall
State Street’s assets under management fell by 9% to $2.2 trillion as on September 30, 2015, as compared to $2.4 trillion as on September 30, 2014.
State Street Income Falls on Equity Valuations, Interest Rates
State Street reported its 3Q15 earnings on October 23, 2015. It missed analysts’ operating earnings per share estimates, posting operating EPS of $1.16.
BlackRock Trades at a Premium on Its Strong Operating Performance
Currently, BlackRock is trading at a premium, with a price-to-earnings ratio of 15.6x compared to the industry average of 13.2x.
BlackRock Rewards Shareholders through Repurchases and Dividends
BlackRock has repurchased $1.1 billion worth of its own stock over the past four quarters. In 3Q15, the company repurchased stock worth $275 million.
BlackRock 3Q15: Net Income Declines, Earnings Beats the Estimates
BlackRock, the world’s biggest asset manager, reported its 3Q15 earnings on October 14, 2015. The company beat analysts’ estimates, posting EPS of $5.00.
Loan Balances Grew amid Low Interest Rate Environment in 2Q15
In the second quarter of 2015, US banks witnessed a growing loan portfolio backed by low interest rates and improving economic fundamentals.
Key Takeaways from the Jackson Hole Symposium
The annual Jackson Hole Symposium attracts a high-profile audience including finance ministers, central bankers, and academics from around the world.
XLF Invests in Banks and Faces Concentration Risk
Launched in December 1998, the Financial Select Sector SPDR ETF (XLF) is an ETF that’s comprised of roughly 90 securities with $18.1 billion in assets.
KKR Capstone: An institutionalized process of creating value
KKR has institutionalized the process of creating value in its portfolio companies through KKR Capstone.
Why does BlackRock trade at a premium?
Over the years, BlackRock (BLK) has been trading at a premium—compared to other companies and the industry average.
Viking Global’s Wayfair ownership falls after W’s share count rises
In November 2014, Wayfair declared its quarterly results and reported revenues of $336.2 million, an increase of 41.2% year-over-year and above what analysts had expected.
Mohawk Industries drives growth by reducing energy consumption
In order to increase its bottom line and decrease its carbon footprint, Mohawk is focusing on optimizing overall energy consumption.
Why Illumina’s outlook is so bright
Illumina’s outlook is outstanding, as it has posted excellent 3Q14 results and its earnings continue to be bullish.
Horseman Capital raises position in BNY Mellon
Available in more than 100 markets worldwide, BNY Mellon’s services enable institutions and individuals to manage and service their financial assets.
Horseman Capital raises its position in TJX Companies
Horseman increased its position in TJX Companies (TJX) during 4Q14. The stock accounts for 8.93% of the firm’s total portfolio, up from 6.22% of the fund’s 3Q14 portfolio.
Overview of Horseman Capital’s 4Q14 positions
Horseman Capital covers various equity strategies, and most of its equity portfolio consists of companies with market capital of $5 billion and above.
Must-know: Why regulations could affect bank profitability
The regulations designed to make banks less risky may impair the global banking sector’s profitability going forward.
Overview: What makes custodian banks different from other banks?
Custodian banks like a warehouse and store other financial institutions’ and individuals’ assets—they help in keeping financial instruments safe.