Bank of New York Essay -- essays research papers

Executive SummaryFounded in 1784, the hope of newfangled York is the oldest bound in the United States. It was the first bank in New York that opened just months after the departure of British troops from American soil in lower Manhattan. During that time period the monetary system was complex and confusing. The founders decided that The Bank of New York wasnt going to be a common origination that bang-upized on land it focused on specie, which is money in coins. Then in 1792 the first corporate stock to trade on the newly open up New York Stock Exchange was the Bank of New York. During the course of their 220-year history, The Bank of New York has seen the country through turbulent times - seven wars, ten economical 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 industry of Money Center Banks, which provide many run that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. This company has a long tradition of collaborating with clients to focus on securities servicing, treasury management, investment management, and individual and regional banking services. This company also has an extensive global client base.The Bank of New York is ranked 15th in its industry with a capital market of 21.2 billion. Some of its top three competitors are Citigroup Inc, JP Morgan Chase, and State Street Corp. Given its long history and conservative approach, it is no wonder that The Bank of New York is one of the leading retail banks in the Metropolitan Area. It has 350 locations which not only offer traditional banking, but insurance and investment services.Although the stock price of The Bank of New York has decreased over the past year, it is our sound judgement that it would be a good opportunity to buy the stock at its price. The most recent every quarter earnings have been much higher than ana lysts forecasts have predicted. The Bank of New York earnings growth in the past year has accelerated more cursorily 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 subscriber line at the Walton House in lower Manhattan. During tha... ...dministration and accounting, collateral 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 involved in faster transactions via ATMS and the Internet. They have also been involved in more counter 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 compensable technology based activities such as transaction processing and acco unt 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 will certainly be recognized in its future performance and innovation. Trend Analysis for Bank of New York 2004, 2003 & 2002