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Mellon Financial


Mellon Financial is a publicly traded company having a good stock performances result.It was established in 1869 as T. Mellon and Sons' Bank, Mellon Financial Corporation today is a global financial services company. Mellon Financial l is a Fortune 500 stock listed company trading under MEL symbol.
 
With just about 4.7 trillion dollars in assets under management, administration or custody, including 781 billion dollars under management, they provide a wide variety of financial products and services including. Investment management, trust and custody, foreign exchange, securities lending, performance analytics, stock transfer, proxy solicitation, fund administration, treasury management and banking services. Mellon's mutual fund businesses include The Dreyfus Corporation and Newton Investment Management.
 
Its distinct approach of providing a wide extent of financial solutions to their customers what they need, when they need them, and how they want them delivered is the core to their success in the marketplace, the root of shareholder value, and their foundation for growth.
 
They do business with honesty. They have a legacy of a strong culture in the areas of corporate governance, ethics and compliance with laws and regulations, and their record demonstrates this. Their customers and shareholders expect Mellon and all of its employees to conduct business activities in accordance with the highest possible standards of ethical conduct.
 
They have strong Audit, Human Resources and Corporate Governance and Nominating Committees, consisting entirely of independent directors. Their financial filings are as complete and transparent as possible. The purpose of these actions remains to create an institutional framework of corporate governance that permits Board members to perform their jobs successfully and efficiently.
 
The Company reported income from continuing operations of 208 million dollars, in the fourth quarter of 2005. This compares to income from continuing operations of 199 million dollars, in the fourth quarter of 2004, and 196 million dollars, in the third quarter of 2005.
 
Return on common shareholders equity was 20 percent for the fourth quarter of 2005. They repurchased 3.7 million shares of common stock during the fourth quarter and 2 million shares on Jan. 3, 2006. They declared its quarterly common stock dividend of 20 cents per share.

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