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Transaction Details

Company: Bank of New York Mellon Corp
Ticker:bk
Yahoo Beta:0.73
Industry:Money Center Banks

Company Description:  Bank of New York Mellon Corporation offers services to institutions and individuals around the world. Primary services include asset and wealth management, clearing and execution, and asset servicing.

Purchase Date:05 Mar 2008 Sale Date:28 Sep 2011
Purchase Price:$45.19 Sale Price:$18.92
  --Split Adjusted:$45.19  --Split Adjusted:$18.92
Shares Purchased:67 Shares Sold:67
  --Split Adjusted:67  --Split Adjusted:67
Transaction Fee:$12.99 Transaction Fee:$10.02
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$48.91 High$0.00
Date24 Dec 2007 Date01 Jan 1996
Low$39.52 Low$0.00
Date10 Sep 2007 Date01 Jan 1996
S&P (Purchase Date):$1,334.09 S&P (Sale Date):$3,809.33

Purchase
Timing:  The stock is trading toward the middle of its six month price range.
Reason:  The financial industry has been hard hit by problems in the subprime sector and by liquidity problems in many products. The Bank of New York has avoided many of these problems and has been a strong performer historically.

Sale
Timing:  
Reason:  Bank stocks continue to struggle as the debt crisis worsens in Europe. Home prices remain soft in the US. We believe that the proceeds can be used more productively in another area in the short term.

S&P Gain: 185.54 % Annualized Gain: 35.16%
Stock Gain: -58.13 % Annualized Gain: -22.12%

Dividends:$129.98
Net Holding Return ($): $-1,653.12
Net Holding Return (%): -54.37 %