unevilfavouredness
14 years ago
Rumor has it that BONY is breaking up and may even spin off something they try to reinvent out of the old Irving Trust. Seriously, those ladies gossiping on the Dinky this morning were sure giddy....maybe it's true, maybe it's not, but definately one thing is for sure, PCIO and MJNA are hot, and like the airelines, today is a good day to sell your bank stocks. The largest cash crop in America, along with decades of prohibition are about to come crashing down, and a vegtable grown on a tree will sell for 1/3rd the cost of gold and have a biproduct that makes 8 times as much fuel as corn.
It's happening folks, don't miss the opportunity of a life time. These banking giants are history. As long as Jesse Ventura and Willie Nelson can make gasoline, medicine, and clothing out of what cracker-jack lawmakers have only been able to produce "crime" out of for decades, BONY and everyone in that glass Ivory tower, better get a parachute, because your going down....Seriously, I see this giant being "too big to fail".
Watch and see.....these banks who guzzled the profits from trillions of gallons of oil and the sale of alcohol for decades, all while locking up people for eating or using an inert nonlethal vegtable as medicine, fuel, and clothing, are about to find out that mother nature is about to smoke them out of their castles......
PS.... Yes that's his Ferrari.
Doug Hauser
18 years ago
I like it:
Wednesday, January 18, 2006 07:28 ET
NEW YORK, Jan 18, 2006 (BUSINESS WIRE) -- The Bank of New York Company, Inc. (NYSE: BK) reported today fourth quarter net income of $405 million compared with $351 million in the year-ago quarter and diluted earnings per share of 53 cents, up 18% over the 45 cents earned in the fourth quarter of 2004. Third quarter 2005 earnings were $389 million and 51 cents. Full-year 2005 net income was $1,571 million compared to $1,440 million in 2004 while diluted earnings per share was up 10% to $2.03 from $1.85 in 2004. Reported EPS reflects a reduction of 3 cents for the fourth quarter 2004 and full-year 2004 due to items detailed in Note 1.
Performance Highlights
-- Positive core operating leverage over year-ago and sequential quarters. See Note 4.
-- Securities servicing fees up 10% versus the year-ago quarter and on a full-year basis. The growth was led by strong performance in investor, issuer and broker-dealer services.
-- Strong net interest income, driven by the Company's sound interest rate positioning and strong liquidity generated by its core servicing businesses.
-- Foreign exchange and other trading revenues up 10% from the year-ago quarter.
-- Private client services and asset management revenues were up 10% from the year-ago quarter.
Chairman and Chief Executive Officer Thomas A. Renyi stated, "Our fourth quarter and full-year results reflect the accelerating earnings power of our franchise. We are achieving double-digit revenue growth in many of our key business lines and are positioned to generate positive operating leverage on a consistent basis - a primary goal for us.
"We have good momentum entering 2006 and continue to position our Company for long-term growth and success. During 2005 we formed strategic alliances to penetrate faster-growing markets in France, Germany, the Nordic and Baltic region, Japan, Australia, and India. We also continued to expand our market presence in high-growth areas such as hedge fund servicing and collateral management, while extending our capabilities in the rapidly growing area of alternative investments. Through these initiatives, our strengthened marketing programs, and the gains we are making in service quality and client-focused technology, we will create new growth opportunities in the year ahead."
SECURITIES SERVICING FEES
Percent Inc/(Dec) Year-to-date Percent
------------------------------
4Q05 vs. 4Q05 vs. Inc/
(In millions) 4Q05 3Q05 4Q04 3Q05 4Q04 2005 2004 (Dec)
----------------------------------------------------------------------
Execution and
Clearing
Services $321 $314 $301 2% 7% $1,222 $1,145 7%
Investor Services 265 265 240 - 10 1,060 924 15
Issuer Services 171 170 150 1 14 639 583 10
Broker-Dealer
Services 58 57 50 2 16 227 205 11
-------------- --------------
Securities
Servicing Fees $815 $806 $741 1 10 $3,148 $2,857 10
============== ==============
Double-digit securities servicing fee growth over the fourth quarter and full-year 2004 periods reflects solid growth across all businesses. On a sequential-quarter basis, fees were marginally higher, reflecting modest growth in execution & clearing, issuer services, and broker-dealer services.
Execution and clearing fees increased from both the fourth quarter and full-year 2004, reflecting organic growth at Pershing and in the execution businesses as well as the additional revenues from the LJR acquisition. Pershing's revenues were up on a sequential basis, while the execution business also improved reflecting higher activity levels and continued strength in transition management. The execution and clearing businesses include institutional agency brokerage, electronic trading, transition management services, independent research and, through Pershing, correspondent clearing services such as clearing, execution, financing, and custody for introducing broker-dealers.
Doug Hauser
18 years ago
NEW YORK--(BUSINESS WIRE)--Oct. 27, 2005--The Bank of New York, a global leader in securities servicing, announced today that its Stock Transfer Division has been rated the top domestic transfer agent in the large agent category for the fourth year in a row, according to an independent survey conducted by Group Five, Inc.
Doug Hauser
18 years ago
Will you have Fries with that algorithm? LOL
Tuesday October 25, 1:32 pm ET
NEW YORK--(BUSINESS WIRE)--Oct. 25, 2005--BNY Brokerage Inc., a subsidiary of The Bank of New York and member of BNY Securities Group, has begun offering FlexTRADER linked to DEx, a hosted program trading application that provides direct market access to major sources of liquidity, as well as a full range of algorithmic trading options. DExSM is BNY Brokerage's direct execution platform.
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This new offering brings a full array of algorithmic trading capabilities to DEx and can be easily deployed on clients' desktops without any hardware installation. Trading algorithms include off-the-shelf pairs, risk-arb, long/short, VWAP, PWAP, benchmark and minimum market impact strategies.
FlexTRADER linked to DEx provides BNY Brokerage's buy-side clients with increased speed, quantitative capabilities and integrated end-to-end functionality, including pre-trade cost estimation, smart order routing, real time risk management, execution algorithms, quantitative trading strategies, real time access to full depth of book, and transaction quality management. FlexTRADER is a broker-neutral algorithmic trading platform developed by FlexTrade Systems Inc.
Carey S. Pack, president of BNY Brokerage, said, "FlexTRADER linked to DEx is a key development in our relationship with FlexTrade and complements our DEx suite of direct market access capabilities, providing our clients with the most advanced algorithmic trading tools available without requiring a major IT investment on their part. We are committed to enabling our customers to take control of as much of their trading as they wish, even as we continue to provide expert broker assistance whenever it is needed."
Vijay Kedia, president of FlexTrade Systems Inc. said, "FlexTRADER will deliver our leading algorithmic platform to BNY Brokerage clients with the same robust functionality and speed relied upon by hundreds of institutional traders worldwide."
BNY Brokerage is a premier institutional agency brokerage firm that provides full-value brokerage solutions to institutional asset owners, asset managers, and broker-dealers worldwide. BNY Brokerage offers a full range of execution services, including specialized global transition management capabilities, commission management services, research and wholesale services. Additional information on BNY Brokerage is available at www.bnybrokerage.com.
Doug Hauser
18 years ago
Can Do!
NEW YORK--(BUSINESS WIRE)--Oct. 26, 2005--BNY Brokerage, a subsidiary of The Bank of New York and member of BNY Securities Group, has been ranked as the top broker for best execution in the "10% Most Difficult Trades" category for Exchange-listed stocks in Plexus Group's institutional investor survey. In addition, BNY Brokerage was ranked second in the "Most Illiquid Trades" category for small-cap Exchange-listed stocks.
Plexus Group, founded in 1986, is recognized within the financial services industry as a leading evaluator of institutional equity trading. Plexus Group reports the rankings from its Plexus Broker Universe, a transaction database compiled from trade data contributed by 125 investment managers and representing more than 800 brokers.
Carey S. Pack, president of BNY Brokerage Inc., said, "This ranking reflects our clients' appreciation of BNY Brokerage's full-value agency brokerage services, which encompass broker-assisted resources, as well as electronic trading through the DEx(SM) platform. As a leading agency broker, we are committed to providing institutional investors with all the resources of a full-service broker, minus the conflicts. We are gratified by this client recognition of our ability to provide best execution on their most difficult trades."
BNY Brokerage is a premier institutional agency brokerage firm that provides full-value brokerage solutions to institutional asset owners, asset managers, and broker-dealers worldwide. BNY Brokerage offers a full range of execution services, including specialized global transition management capabilities, commission management services, research and wholesale services. Additional information on BNY Brokerage is available at www.bnybrokerage.com
BNY Securities Group is the global agency brokerage, clearing and financial services outsourcing sector of The Bank of New York Company, Inc. It provides institutions, broker-dealers and corporations with a broadly diversified suite of services and "The Power of Choice" through multiple business models. Through its broad range of businesses, BNY Securities Group offers creative solutions in trade execution, commission management, independent research, securities clearing and financial services outsourcing. BNY Securities Group is the largest provider of commission management services, has 17 New York Stock Exchange seats, and offers global execution and clearing services in over 80 markets with offices in the U.S., Europe, Asia, and Australia. BNY Securities Group is an organization consisting of several broker-dealers and other companies. BNY Brokerage Inc. is a member of NYSE/NASD/SIPC.
The Bank of New York Company, Inc. (NYSE: BK - News) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
--------------------------------------------------------------------------------
Contact:
For The Bank of New York
Kevin Heine, 212-635-1569
Doug Hauser
18 years ago
Oh yeah news: (I'm hoping this is the start of a vigorous trend) The Bank of New York Company, Inc. Reports Third Quarter EPS of 51 Cents, up 11% vs. Year-Ago; Strong Securities Servicing Revenue and Net Interest Income Growth
The Bank of New York Company, Inc. (NYSE: BK) reported today third quarter net income of $389 million and diluted earnings per share of 51 cents, compared with net income of $354 million and diluted earnings per share of 46 cents in the third quarter of 2004, and net income of $398 million and diluted earnings per share of 52 cents in the second quarter of 2005. Year-to-date net income was $1,166 million, or $1.51 of diluted earnings per share, compared to $1,089 million, or $1.40 of diluted earnings per share in 2004.
Third Quarter 2005 Highlights
-- Positive operating leverage over the year-ago quarter.
-- Securities servicing fees up 18% versus the year-ago quarter.
-- Net interest income up 15% over the year-ago quarter.
-- Foreign exchange and other trading revenues up 39% from the third quarter of 2004.
-- Agreed to acquire Alcentra Group Ltd., an international asset management group (announced October 18, 2005).
-- New marketing alliances with leading clients in key growth markets.
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