Executive SummaryFounded in 1784, the Bank of New York is the oldest bank in the United States. It was the first New York bank to open a few months after the departure of British troops from American soil in Lower Manhattan. During that time period the monetary system was complex and confusing. The founders decided that the Bank of New York would not be a common institution capitalizing on land; it focused on specie, i.e. money in coins. Then, in 1792, the first corporate stock to trade on the newly formed New York Stock Exchange was the Bank of New York. Over its 220-year history, the Bank of New York has seen the country through turbulent times: seven wars, ten economic depressions and the World Trade Center disaster. Yet, the Company has survived all these crises and emerged even stronger. The Bank of New York operates Money Center Banks, which provide numerous services that allow institutions and individuals to move and manage their financial assets in more than 100 countries. markets around the world. This company has a long history of working with clients to focus on securities servicing, treasury management, investment management, and individual and regional banking services. This company also has a large global customer base. The Bank of New York ranks 15th in its sector with a capital market of 21.2 billion. Some of its three main competitors are Citigroup Inc, JP Morgan Chase and State Street Corp. Given its long history and conservative approach, it is no wonder that The Bank of New York is one of the leading retail banks in the metropolitan area. It has 350 locations that not only offer traditional banking services, but also insurance and investment services. Although Bank of New York's share price has fallen over the last year, in our opinion it would be a good opportunity to buy the stock at its price. The most recent quarterly earnings were much higher than analysts expected. The Bank of New York's earnings growth has accelerated faster over the past year than in the past three years. The Bank of New York – Industry Position Founded in 1794, the Bank of New York is New York's first and oldest bank. It opened its doors at the Walton House in Lower Manhattan. During that… middle of paper… administration and accounting, collateral management and securities lending offered nationally and globally. Banking has never been seen as attractive as an industry, but the industry has pretty much epitomized the movement of bigger, faster, more things. BANK OF New York has been involved in faster transactions via ATM and the Internet. They were also involved in more proceeds such as insurance and securities. The Bank of New York has been notable for de-emphasizing lower-margin traditional banking operations and focusing on more profitable technology-based businesses such as transaction processing and account custodian services. In our opinion, the Bank of New York has refocused its attention and earnings potential by investing in this company's stock. The Bank of New York appears to be a leader in its industry and the value of its services will certainly be recognized in its future performance and innovations. Trend analysis for the Bank of New York 2004, 2003 & 2002