News
BK-PRC
25.02
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LIVE MARKETS-Putting Apple's monster buyback plan in perspective
Apple announced it was authorized to buy back $110 billion worth of its stock. Biggest buyback authorization for any U.S. Company. Big companies are using cash to return value to shareholders. Chevron and Alphabet are among the companies with the highest number of buyback announcements.
Reuters · 3d ago
INSTANT VIEW 4-FOMC holds rates in place and will slow balance sheet drawdown
Federal Reserve says it will leave interest rates unchanged and slow the speed of its balance sheet drawdown. The Fed said it will reduce the cap on Treasury securities it allows to mature to $25 billion starting in June. The central bank is expected to leave its policy rate at 5.25%-5.50%.
Reuters · 5d ago
UPDATE 1-Positive corporate updates lift FTSE 100 to new highs
Britain's FTSE 100 up 0.4% to hit an all-time high of 8,185.59 points. The blue-chip index extended its rally after positive corporate updates. Anglo American up after report BHP Group is considering a better buyout proposal for Anglo American. Petrofac hits record-low after delaying full-year results.
Reuters · 04/29 08:39
ADVISORY-Alert inadvertently tagged to CPU Softwarehouse withdrawn
Alert inadvertently tagged to CPU Softwarehouse withdrawn. Alert on Computershare entering agreement to acquire BNY Trust Company of Canada from Bank of New York Mellon. Alert has been withdrawn. For the correct set of alerts, go to: www.cnn.com/alerts.
Reuters · 04/25 22:47
COMPUTERSHARE LTD - DEAL IS SCHEDULED TO COMPLETE IN SECOND HALF OF CALENDAR YEAR 2024
Reuters · 04/25 15:30
RPT-ANALYSIS-UK stocks may finally be back in fashion
London's FTSE-100 hit a record high on Tuesday. Britain's benchmark stock index touched a peak of 8,076.52, surpassing its previous high from February 2023. The FTSe-100 has long underperformed rival indexes. But rising commodity prices, a weaker pound and a pick-up in UK growth are encouraging investors.
Reuters · 04/24 04:30
ANALYSIS-UK stocks may finally be back in fashion
London's FTSE-100 hit a record high on Tuesday. Britain's benchmark stock index touched a peak of 8,076.52, surpassing its previous high from February 2023. The FTSe-100 has long underperformed compared to rival indexes. But rising commodity prices, a weaker pound, and UK growth are encouraging investors to return to UK stocks.
Reuters · 04/23 17:27
BANK OF NEW YORK MELLON CORP <BK.N>: JEFFERIES RAISES TARGET PRICE TO $68 FROM $67
Reuters · 04/18 04:32
BANK OF NEW YORK MELLON CORP <BK.N>: BOFA GLOBAL RESEARCH RAISES PRICE OBJECTIVE TO $66 FROM $64
Reuters · 04/17 10:26
BUZZ-U.S. STOCKS ON THE MOVE-WiSA Technologies, Rivian Automotive, Cigna Group
The Nasdaq and the S&P 500 were muted on Tuesday as higher Treasury yields pressured equities. The blue-chip Dow bucked the trend on robust results from health insurance heavyweight UnitedHealth. The Dow Jones Industrial Average was up 0.13% at 37,783.35. UnitedHealth Group's quarterly results beat expectations.
Reuters · 04/16 17:52
BANK OF NEW YORK MELLON SHARES REVERSE COURSE, LAST DOWN 2% AS CO FORECASTS LOWER-THAN-EXPECTED NET INTEREST INCOME FOR 2024
Reuters · 04/16 16:23
BUZZ-BNY Mellon hits three-month low after downbeat NII forecast for 2024
Bank of New York Mellon reiterates forecast of 10% drop in interest income for 2024. Shares of BK fall 3% to $53.61, hitting their lowest since January. BK reported better-than-expected Q1 earnings earlier on Tuesday. Shares hit three-month low after downbeat NII forecast.
Reuters · 04/16 16:22
BANK OF NEW YORK MELLON SHARES CLIMB 0.6% AFTER Q1 PROFIT BEATS ESTIMATES
Reuters · 04/16 13:35
Northern Trust profit falls on hit from debt investment sale
Northern Trust profit falls on hit from debt investment sale. Asset and wealth manager posts a 38% fall in first-quarter profit. The company incurred a $189.4 million loss on the sale of certain debt securities. Shares of Northern Trust fell 1.2% in premarket trading.
Reuters · 04/16 13:23
US STOCKS-Wall St set for higher open as upbeat earnings obscure Mideast jitters
UnitedHealth Group rises 7.8% after beating expectations for first-quarter adjusted profit. Financial firms also in the spotlight after strong results from Morgan Stanley and Bank of New York Mellon. Wall St set for higher open as upbeat earnings obscure Mideast jitters. Futures up: Dow 0.54%, S&P 0.14%, Nasdaq 0.09%.
Reuters · 04/16 12:44
UPDATE 1-BNY Mellon quarterly results top Wall St estimates on higher services fees
Bank of New York Mellon quarterly results top Wall St estimates on higher services fees. The oldest U.S. Bank saw its assets under custody increase but interest income fell. Lower volatility in foreign exchange markets also hurt profits. BNY's shares rose 2% before the bell on Tuesday. The bank beat Wall Street expectations with a 5% increase in profits.
Reuters · 04/16 12:38
Bank of New York Mellon Corp reports results for the quarter ended in March - Earnings Summary
Bank of New York Mellon Corp reports quarterly adjusted earnings of $1.29 per share for the quarter ended in March. Revenue rose 2.5% to $4.47 billion from a year ago. The company reported quarterly income of $953 million. Bank of new york mellon Corp shares have fallen 4.4% this quarter.
Reuters · 04/16 12:21
US STOCKS-Dow futures up on UnitedHealth boost; bond yields, Mideast tensions weigh
Dow futures up on UnitedHealth boost; bond yields, Mideast tensions weigh. UnitedHealth gains on Q1 profit beat Fed Chair Jerome Powell to speak at 1:15 p.m. ET. Financial firms also in the spotlight after strong results from Bank of New York Mellon. U.S. Bond yields rise amid heightened tensions in the Middle East.
Reuters · 04/16 11:49
BANK OF NEW YORK MELLON SHARES UP 2% PREMARKET AFTER Q1 RESULTS
Reuters · 04/16 11:10
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About BK-PRC
The Bank of New York Mellon Corporation is a global investments company, which is focused on helping its clients manage and service their financial assets throughout the investment lifecycle. It provides financial services for institutions, corporations or individual investors. It allows clients to create, trade, hold, manage, service, distribute or restructure investments. It delivers Investment Management and Investment Services in 35 countries. It also has an Other segment, which includes the leasing portfolio, corporate treasury activities, derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits. As of September 30, 2018, the Company had $34.5 trillion in assets under custody and/or administration and $1.8 trillion in assets under management. It offers a range of actively managed equity and fixed income. It offers asset servicing, clearing services, issuer services and treasury services to its clients.