In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Hence, BNY Mellon (NYSE: BK) can generate enormous amounts of cash. For example, Mellon reported a quarterly ending cash flow of $9.37 billion on 31 March 2021. The quarterly operating cash flow fell from $2.828 billion on 30 June 2021.
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I think the hedge fund managers are buying BNY Mellon because they want companies with lots of cash. I suspect hedge fund bosses want cash-rich companies because they think a market correction or market turbulence is imminent.
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