Bank of New York Melon

Bank of new york melon is not the first stock i think about when i'm looking at large capitalization banks, those leading brand names in the us. I like their business model because over the years they've relied less on just brute interest income and have become more of a fee based company. They're starting to play more in the vintex space, but in a context that works for them. For example, this quarter they talked up a collaboration with verison that will help them be the first company to send est for payment messages directly to consumers bank accounts.