Bank of New York Essay -- essays research papers

Executive abridgmentFounded in 1784, the cuss of hot York is the oldest bank in the United States. It was the commencement bank in untested York that opened just months after the sledding of British troops from American soil in lower Manhattan. During that clock time period the monetary system was complex and confusing. The founders decided that The Bank of new-fashioned York wasnt going to be a common institution that capitalized on land it revolve abouted on specie, which is money in coins. Then in 1792 the set-back corporate stock to trade on the newly constituted New York Stock Exchange was the Bank of New York. During the course of their 220-year bill, The Bank of New York has seen the country through turbulent times - s change surface wars, hug drug economic depressions and the World Trade Center disaster. And yet, The Company has survived all these crises and emerged even stronger..The Bank of New York is in the patience of Money Center Banks, which yield many services that enable institutions and individuals to move and manage their financial assets in more(prenominal) than 100 markets worldwide. This company has a long tradition of collaborating with clients to focus on securities servicing, treasury management, giftment management, and individual and regional banking services. This company withal has an extensive global client base.The Bank of New York is ranked fifteenth in its industry with a capital market of 21.2 billion. Some of its exit three competitors are Citigroup Inc, JP Morgan Chase, and State Street Corp. given(p) its long history and conservative approach, it is no wonder that The Bank of New York is one of the preeminent retail banks in the Metropolitan Area. It has 350 locations which not only offer conventional banking, but damages and investment services.Although the stock price of The Bank of New York has decreased over the past year, it is our opinion that it would be a technical opportunity to buy the stoc k at its price. The most recent every quarter earnings have been much higher than analysts forecasts have predicted. The Bank of New York earnings growth in the past year has accelerated more rapidly than it has in the past three years.The Bank of New York industry positionFounded in 1794, The Bank of New York is New Yorks first and oldest bank. It opened for business at the Walton House in lower Manhattan. During tha... ...dministration and accounting, confirming management, and securities lending which is offered nationally and globally. Banking has never been considered attractive as an industry, but the industry has virtually been embodied in the movement of bigger, faster, and more. The BANK OF New York has been complex in faster transactions via ATMS and the Internet. They have alike been involved in more proceeds such as insurance and securities. The Bank of New York has been notable in de-emphasizing lower margin traditional banking operations and has focused on more l ucrative technology establish activities such as transaction processing and account custody services. Given The Bank of New York redirection of its focus and earnings potential it would our opinion to invest in this companys stock. The Bank of New York seems to be a leader in its industry class and the value of its services result certainly be recognized in its future performance and innovation. panache Analysis for Bank of New York 2004, 2003 & 2002