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Warren Buffett’s 10 Best Investments For 2011

The Bank of New York Mellon Corporation (NYSE: BK)

The Bank of New York Mellon Corporation trades about $27.35 and that gives an implied upside of more than 20.0 percent to the $32.93 consensus price target. The financial services firm is one of America’s oldest banks and also happens to be one of Buffett’s newest and smaller holdings at 1,992,759 shares. Its business model shielded it from much of the financial meltdown woes seen at other banks. In fact, it lost less than 30 percent of its value. It is no wonder that Buffett had a “forever” strategy here and its 1.3 percent dividend yield should be one of the first to pop when regulators allow it. That $32.93 consensus price target compares to a 52-week range of $23.78 to $32.65.

(AP Photo/Andrew Rush)

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