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Is Bank of New York worth holding or should I sell?
It does not seem to move much lately.
5 Answers
- Anonymous1 decade agoFavorite Answer
BK is worth holding for sure. Banks have finally started to outperform the S&P 500 after several years of underperformance. This bank in particular has an excellent earnings record, better than about 70% of the stocks traded. The earnings growth rate is no where near Google's but it is consistant and consistancy has considerable value.
- 1 decade ago
Depends when and why you bought it.
If you bought it for long term and believe in it then hold. If your were just trying to make a quick turnaround and collect some dividends then sell.
If you bought it last year when it was around 29 hold it. Your still up and its paying .22 cents per share each quarter roughly 3% of purchase price.
If ya bought it when it jumped back in July well I can see why your asking this question. If you want it long term you'll hold, it its short term you'll sell.
- Anonymous1 decade ago
bank are now outperforming the S&P. Stick with the trend.
- Anonymous1 decade ago
it all depends on what you paid for it
are you winning or loosing?
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