Mike Mayo is a banking analyst for CLSA's Calyon Securities.
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Quotes from the news wire:
This is the sort of environment that Jamie Dimon and JPMorgan live for: sluggishness in the environment, competitors feeling pain.
– Mike Mayo
While an activist is an outside shot, increased shareholder pressure seems likely.
BNY Mellon is the plumber to mutual funds and capital markets, there are a couple of broken pipes, but it doesn't seem like a systemwide issue ... It might not be evidence, but this is a reminder that BNY needs to further upgrade its technology platform.
Earnings should be less dramatic than they were a couple years ago, which is a positive development.
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"Mike Mayo Quotes." Quotes.net. STANDS4 LLC, 2020. Web. 29 May 2020. <https://www.quotes.net/authors/Mike+Mayo+Quotes>.
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