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The Bank of New York Mellon Corporation

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BNY Mellon's shares have outperformed the industry in the last three months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Its first-quarter 2018 results reflect higher revenues and strong assets under management (AUM) growth. Higher interest rates, rising loan demand and steadily improving fee income are expected to aid revenue growth. While concentration risk arising from significant dependence on fee-based income remains a matter of concern, potential lesser regulations, lower tax rates and cost-saving initiatives are likely to drive profitability. Also, the company’s enhanced capital deployment activities indicate strong balance sheet position.

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