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The performance of the Bank of New York's retail bank has lagged, the stock value of pure-plays has increased, and Bank of New York stock has lagged. We sense that the time is right for this move.

Michael Mayo

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The performance of the Bank of New York's retail bank has lagged, the stock value of pure-plays has increased, and Bank of New York stock has lagged. We sense that the time is right for this move.

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