Bank of N.Y. Stresses Fees and Impresses the Market American Banker (08/02/00) Vol. 22, No. 49 p.24; Rieker, Matthias
Analysts have been upgrading their ratings on Bank of
New York, demonstrating support for the bank's concentration on
fee-based income. Anthony Polini of Advest Group has upgraded
the bank to a buy rating, as has Michael Mayo of Credit Suisse
First Boston, while UBS Warburg gave Bank of New York its highest
rating, "strong buy."