December 02, 2022
Mellon Financial has in recent years undergone a makeover, transforming itself from a slow-growing mid-Atlantic bank into an asset management giant.
Over the last six years, it has shed its consumer banking businesses and grown its money management units, which rake in hefty fees. But some say that Mellon remains one of the banking industry’s ugly ducklings still waiting to blossom.
“The stock price performance, until recently, has been subpar and there have been a number of disappointments along the way,” said Kyle Cerminara, an analyst with T. Rowe Price…Read the full article here.
