|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||0.13|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes? Let's find out.
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A recession will almost certainly increase credit losses, which will be a negative for the banks. In this sort of environment, banks that focus on fee income will have an easier time. Bank of New York Mellon (NYSE: BK) has an unusual business model that might make sense in this environment.