The Bank of New York Mellon Corporation – Think Buffett/Munger Are On To Something?
Summary BK’s Q4 and FY2018 results released January 16, 2019 reflected a mixed underlying performance. Revenue declined but BK maintained strong expense discipline and benefited from a lower tax rate. BK continues to reward shareholders with $3.3B in common shares repurchased and $1.1B in dividends distributed to common shareholders in FY2018. On December 10th, BK [...]