Two Directors at Bank Of New York Mellon Corp sold 71,114 shares at between 77.309USD and 77.505USD. The significance rating of the trade was 81/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's direct...
Summary Alliance Bernstein Private Clients - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Alliance Bernstein Private Clients (ABPC) is the private wealth management services arm of Alliance Bernstein Holding L.P that offers a range of wealth management services to high-net...
This commentary reviews the results of the Federal Reserve’s U.S. stress test, which highlighted banks' capital adequacy despite severe hypothetical economic headwinds. Key highlights include: •All 23 banks cleared the Federal Reserve stress tests and many have announced plans for capital distributions, mainly in the form of dividend increases, with more expected to be announced with second-quarter earnings. •Banks remained sufficiently capitalized in the stress scenario and capital levels were...
This commentary reviews the Federal Reserve's annual stress test with a primary focus on commercial real estate (CRE). Key highlights include: •Positively, all 23 banks in this year's iteration cleared the Federal Reserve stress tests and would all be able to continue to lend supporting the economy. •This year's stress test included heightened stress scenarios, especially around CRE. Next to credit cards, CRE had the highest loss levels of any asset class. •Preliminary stress capital buffers (S...
Moody's Investors Service has affirmed the Servicer Quality ("SQ") assessment for The Bank of New York Mellon ("BNY Mellon") at SQ2+ as a Master Servicer of residential mortgage loans. The assessment is based on the company's above average reporting and remittance processes, above average complian...
This commentary reviews the U.S. Residential Mortgage Market and its associated risks for U.S. Banks. Housing prices in the U.S. have appreciated sharply in recent years aided by historically low borrowing costs prevalent during the early stages of the pandemic. Key highlights include: • Strong U.S. home price appreciation was fueled by high demand during the pandemic from low-interest rates and more workplace flexibility that allowed employees to work from home. • The U.S. mortgage market is d...
This commentary reviews U.S. Bank exposure to Non-bank Financial Institutions (NBFIs). Key highlights include: • NBFI's comprise nearly half of all total global financial assets; U.S. banks have increased exposure to NBFIs as their exposure to the types of businesses done by the NBFIs has decreased, largely due to regulatory changes. • NBFIs include all institutions that provide financial services, liquidity, or credit but are outside the formal banking system, mainly since they do not take dep...
This commentary reviews CCAR and Commercial Real Estate. Key highlights include: • All 34 banks in this year's iteration cleared the Federal Reserve stress tests. • This year's stress test included heightened stress scenarios, especially around CRE. Next to credit cards, CRE had the highest loss levels of any asset class. • Preliminary stress capital buffers (SCB) have also been released with most banks remaining at 2.50%. “While the most recent round of Federal Reserve stress testing, sho...
The general evaluation of BANK OF NEW YORK MELLON (US), a company active in the Asset Managers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date December 21, 2021, the closing ...
Mid-Caps Breaking Out, Are Small-Caps Next? Risk-on signals remain the dominant theme. As a result, we continue to believe we are close to exiting the "mixed market environment" in favor of a new, broad-based advance. More and More Cyclical Areas Breaking Out. In our September 28 Compass, we noted that small-caps (IWM) and cyclicals (XOP, XLF, RCD, XLI) were still consolidating, and that we need to see breakouts to new YTD highs in order to signal the end of the "mixed environment," and the st...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
This commentary analyzes the results of the latest round of the Federal Reserve’s Dodd-Frank Act stress testing. The stress testing evaluates the banks' resilience to a severe hypothetical downturn. Key highlights include: -- All 23 banks cleared the stress tests and many have announced plans for capital distributions with more expected to be announced with second-quarter earnings. -- Of the 14 publicly-traded U.S. banking companies participating, ten have announced plans to increase their co...
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