SOURCE: StBulls.com

November 27, 2012 08:00 ET

Asset Managers, Legg Mason and Bank of New York Mellon, Performing Well

NEW YORK, NY--(Marketwire - Nov 27, 2012) - StBulls.com has initiated technical analysis on Legg Mason Inc. (NYSE: LM) and The Bank of New York Mellon Corporation (NYSE: BK), and these reports are free upon registration at 
http://www.stbulls.com/

The asset management industry, which includes companies such as Legg Mason and Bank of New York Mellon, has been doing an admirable job navigating the current macroeconomic climate of late. Several companies have seen their net client inflows increase, while others have posted improved quarterly earnings.

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Growing assets under management during the down economy has proved challenging for the industry, yet companies are still finding ways to improve. Legg Mason saw its assets under management decline slightly in the month of October when compared sequentially. However, it has been making a number of moves that could put it in a position for growth moving forward. The company has a broad range of products, and it has also been taking steps to streamline operations. Read our technical analysis on Legg Mason at
http://www.stbulls.com/LeggMasonInc27112012.pdf 

On the earnings front, several companies have been reporting strong quarterly results. Bank of New York Mellon falls into this category, as it recently stated that its 3rd quarter net income rose to $720 million as compared to $651 million during the same period a year ago. The company cited improved results from Investment Management as a driving force behind the rise. Our technical analysis on Bank of New York Mellon is available at
http://www.stbulls.com/BankofNewYorkMellonCorp27112012.pdf 

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