- I last wrote about Bank Of New York Mellon with a focus on its durable business fundamentals and bright long-term prospects.
- This article switches the focus to its valuation using a method based on its book value and dividend.
- The method relies on two of the most easily obtainable data with the least amount of ambiguity, and using a few reliable data points is often better than using many.
- The results show that besides its good quality, BK is also very reasonably valued at this point.
For further details see:
Bank Of New York Mellon: A Great Business At A Fair Valuation