5 Best Financial Services and Bank Stocks to Buy According to Daniel Johnson’s Gillson Capital

2. The Bank of New York Mellon Corporation (NYSE:BK)

Gillson Capital’s Stake Value: $25.967 million

Percentage of Gillson Capital’s 13F Portfolio: 2.43%

Number of Hedge Fund Holders: 52

On September 30, The Bank of New York Mellon Corporation (NYSE: BK) initiated a strategic investment in a data and analytics software firm named Quantexa Technology in an attempt to digitalize its services and processes. The investment was made after a year-long engagement during which The Bank of New York Mellon Corporation (NYSE: BK) used Quantexa’s Graph Network Intelligence, Artificial Intelligence, Master Data Management, and Entity Resolution.

On July 15, The Bank of New York Mellon Corporation (NYSE: BK) declared earnings for the second quarter of 2021. It posted earnings per share of $1.13, beating the estimates by $0.13. Similarly, the revenue was announced to be $3.96 billion which beat the estimated figure by $98.43 million.

Daniel Johnson’s Gillson Capital holds 506,877 shares in The Bank of New York Mellon Corporation (NYSE: BK) worth over $25 million, representing 2.43% of their portfolio. Warren Buffett’s Berkshire Hathaway is the leading shareholder in The Bank of New York Mellon Corporation (NYSE: BK), with over 72 million shares worth more than $3 billion.