Bank of New York Mellon: Stick with a Proven Winner - Chris Santiago

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Bank of New York Mellon: Stick with a Proven Winner
May 08, 2008 08:21 AM UTC

Chris Santiago

Return	Risk
-26.93%	HIGH

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Symbol	Sentiment	Start	Return	Closed
BK		05/08/08	-39.87%	--
XLF	n/a
BKC	n/a

Via Long Investment Ideas from Seeking Alpha:

The Bank of New York Mellon (BK), not to be confused with the other BK, Burger King (BKC), is the home of the subprime-broiled positive return. Why? Because while over the past year the overall financial sector (XLF) has declined some 28%, Bank of New York Mellon squeezed out a 4% gain. Not only did that out pace the overall market, but on a relative basis that decimated the rest of the sector- somewhere around a 32% out performance.

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