Sr leaders really dont care about this company . Nothing they donis in the best interest of customers anymore. Or employees for that matter. Their comments are literally “if you don't like our rules then you can leave”. What used to be a company who seemed to care about its customers and employees now only cares about cutting costs even if it means eliminating the most talented who keep this place running and put out the actual fires. It really has turned into a disgrace. Stockholders really need to open their eyes. Everyday its worse
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@kf+1jty52b3f = Nonsense
Let's say you deposit $800 per month (or $9,600 annually) into your 401(k), with the max contribution limit at $17,500. You keep this amount constant even as the 401(k) limit increases—meaning your deposits represent about 50% of your allowed contributions, without factoring in any employer match.
In June 2014, at a stock price of $35 (adjusted for a 5% discount, assuming a stock purchase plan at work), you would have received approximately:
$800 ÷ (35 × 0.95) ≈ 24 shares
Ignoring dividends (which started small at $0.17), let's assume an average accumulation of 20 shares per month. Over time, this would result in an ownership of 3,100 shares of BK, with a total cash investment of $106,000.
Today, those shares are worth $268,000—reflecting a 158% return based on this rough calculation.
And if you've been investing in BK for over a decade, you'd have acquired shares when prices were in the teens and twenties, significantly boosting returns. Plus, if you increased your monthly $800 investment proportionally as the 401(k) contribution limit rose from $17,500 to $23,500, your total holdings would be even higher.
The numbers don't lie—this is historical data, not speculation. Every approximation used here errs on the side of reduced value, meaning actual returns would be even greater.
You can downvote, call names, or spin doomsday stories—but DATA speaks the TRUTH, not hate.
Those who invested in the company are enjoying the profits—while skeptics keep complaining.
@jz+1jty52b3f
You are a liar 42.
And stop spreading manure. Outside of the last year of the bank’s stock price increase which really has been done due to outside influences and not BNY’s own management, the stock has been 50% under the performance of the S&P over 10 years. Even including the last year, its still underperforming all major indexes. I feel sorry for you having to come on here just lying and making a sad silly spectacle of yourself. What’s next ‘Warren Buffoon’, tell us you bought Google when it was $6 a share?
I really feel sorry for you. Anyone who has been on Stock Purchase Plan and have BNY on their SDA - though it is repeatedly flagged by every other advisor as risky to have in company stock - the returns are more than 200%. Add to that the 5% return as discount and the dividends that keep accumulating
Again the data - the Dreyfus account statement - shows that it made money whatever your wonderful, intelligent analyst keep saying.
I have no qualms if you did not benefit from that. But as a person who made nearly 200% return I am happy camper and can gloat. Will it continue to grow - your guess as good as mine and that of the analyst. They have bee proven wrong. So they do not have the credibility
"Line go up on chat mean good! We need fewer jobs for Americans and more jobs in India!"
OK Boomer.
42 doesn’t know his as* from a hole in the ground. quoting him invalidates any point you could possibly make.
@d7+1jty52b3f
Again, you are reacting to what you just find off googling. No need to struggle. Just Look at the ratings of the analysts and IM firms like BLK that judge BNY a hold vs strong buy. Sorry pal, not all WSJ articles are the same nor does everyone think analysts such as Jim Cramer or Suze Orman are reputable. As for earnings, gee wh-z, all one has to do is look at the annual report to see net income is modest or mostly flat. The overwhelming majority of the bank’s operating income comes from fiduciary activities and custody processing which has been ho hum. It is the expense control and raising of fees that has made a big difference in the short term. And the stock price has really increased strongly in just the last 16 months. All banks have. And why is that? It’s not that BNY are whipping all the competitors in the market place or gaining dozens of big new clients or coming out with some new brainiac digital assets platform offering. No, it’s because interest rates have risen along with a solid rebound in capital markets business. Inflation is also getting under control. Trump’s re-election has also raised investors hope of a better 2025 as well. Merger or acquisition? Not happening. We are a line of business that is 100% risk. Especially with foreign deposits. We are a bad fit merging with most traditional banks like Goldman. The Fed and all regulators would NEVER approve retail or IM firms holding the keys to it’s vital business. Someday, the DTCC may be in BNY’s future to cut costs and have a reliable US federal clearance that is even safer and easier to regulate. So you see ‘42’, greed is also not good. It drives people to do reckless things and that is what we see going on. For those paying attention that is. If you want to put all your $$$ in BK stock, by all means do so.
The risk is
- A lot of knowledge is leaving the bank either by their choosing or the bank letting them go without having proper resources in place.
- The dump is severely understaffed in certain areas and people are working 12 hour days…
- in my case, I am planning my exit and doing as little as possible & have no plans to give a F at the transition plan when I leave
May be you missed - "Greed is good" ?
Also please "quantify" how the bank is at-risk , at more risk by the jobs cut. Repeatedly it has been claimed by Mr 42 that the TOTAL workforce has not shrunk - he uses that as a data point to claim no lay-offs of significance has occurred.
But the employee strength has shifted from US to India , Poland. This has been happening for years. What risks the bank has faced and has been penalized ? May be a few fines which are normal course of business.
Bank is making money. Proof is in the investor confidence on the stock
From Yahoo.com
Returns
YTD 1YR 3YR 5YR
BK | 13% | 51% | 118% | 182 % |
S&P | 4% | 9% | 42% | 93% |
The data is indisputable right ?
Why would you as a stock holder care? Because the company is geared toward only short term gains by cost cutting and expense control. If you are a major investor and in this for the long run, this place is not attractive becuase it is using budget cannibalization to drive stock price increases. This bank actually has poor near sighted leadership. Yes the talent pool is a commodity but India is not exactly the most stable set of talent either. They are not here for the long run. And now that this leadership is kil-ling off the knowledge and domain intelligence that makes India possible and gives it guidance, it shows this place is going to have major troubles. You are looking at BNY but you are not ‘seeing’. There is a reason why major reputable analysts have this place as a hold and not a buy or strong buy. As for merger? Laughable. Who wants us? We are a utility bank that does much clearance and settlement for the US Govt. And the FED and regulators would probably disallow most if not all of those suitors. This stock price is not going to last either. Its a short term ‘dump’ and ‘pump’.
@OP
Why would I, as a stockholder, care?
From where I stand, the stock price has climbed from the 30s and 40s to the 80s and 90s.
Cost-cutting measures are driving better earnings and higher ROI, while recurring employee and benefits costs are being slashed by shifting the workforce to less expensive locations. And let’s be honest— there’s been no measurable negative impact. Not yet, some might argue—but the truth is, it hasn’t happened in decades of India operations.
The reality? The Indian workforce is highly capable and significantly more cost-effective. The notion that the U.S. workforce is indispensable has been thoroughly debunked. It hurts to hear that, I do not deny. Knee je-k reaction is to dismiss that.
Today, nearly all the work happens in India. Look at the past decade—India has operated seamlessly, even stepping up during the COVID crisis when U.S. employees were scarce. The company didn’t suffer. In fact, we profited. We’re still profiting.
Beyond that, these efficiencies position the firm as an attractive takeover or merger target—good news for shareholders. Dividends have not only been maintained but doubled—from $0.24 to $0.47, a 100% increase. And let’s not forget—the stock remains remarkably stable.
So tell me—why would stockholders raise a voice?
Let’s be real. Talent is a commodity—it can be bought. At the end of the day, everything runs on money—and even complaints stem from financial concerns.
It makes one, as a ( US citizen ) employee, really mad. But in reality , what can one do?
We can elect governments to provide protection but we cannot get the globalization genie back in the bottle. We have to innovate with new products but the talent we have is not capable of producing - it has been proved time and again. More over our products are backbone plumbing not really something that the mass needs ..
So letting go the "existing" talent AND bringing in new talent is a good idea. The "problem" we face is that we are not able to get that talent - I believe. We are either getting the con-men or we are on a long road towards redefining ourselves.
In that journey, lay-offs seem to be a tool
Well the Bank pays you, right?
All the senior executives care about is lining their pockets with more money each year.
And the d-mb board members approve these outrageous, perks, and bonuses when all this group is doing is cutting peoples jobs - many of whose jobs are cut are actually putting the bank at more risk
This may sound ridiculous to some, but I do wonder if these executives ever watch the cheesy hallmark Christmas time movies where the greedy executives finally get a heart and take care of the people that matter instead of only worrying about themselves
I totally agree