Has it been two years now?
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@ -1zyp
You mean like employees are 'valuated' against a legitimate peer group?
(They are not.)
One would think that people working for a financial company would understand that results and relative valuation must be compared within the sector.
Uh, the street is smelling a RECESSION. Most of the big financials are downsizing.
One would think that people working for a financial company would understand the economy better. I think that most on this blog must be IT people. No offense.
I hear the theme to Titanic every time I enter the building.
The street is starting to smell a BNYM failure. Plan B? Start selling businesses.
BK stock was $53.93 when Charlie took over the helm.
Two years and one month later the stock is sitting at $46.61. In the same time period the SP500 is up 23% and XLF (finance sector) is up 12.7%. BK lost 13.6% which puts them 23.6% behind the finance sector and 36.6% behind the markets.
Just saying....
If you had bought BNYM stock a year ago, you’d be sitting on a 19% loss.