https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/greatspeculations/2019/07/08/bny-mellons-total-shareholder-payout-in-2019-will-be-identical-to-the-record-payout-for-2018/amp/
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They accomplished what no competitor could by bringing down Mellon, the star of the sector.
Another argument for socialism ... at least nationalizing banks.
Hope it sinks and takes management with them!
The stock is down 20% in 2.5 months arguably the worst performing bank stock in that time span. Yes, even worse than Deutsche Bank. The charts are certainly pricing in what is down the line for BNY as the prices today have not been seen since October 2016 and we're bear flagging for more downside.