BofA raised the firm’s price target on BNY Mellon (BK) to $95 from $90 and keeps a Buy rating on the shares. Following earnings, the firm
Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.
BNY Mellon, Profit Climbs
· 3d · on MSN
Bank of New York Mellon Profit Climbs on Higher Fee Revenue, Lower Costs
Bank of New York Mellon Earnings Transcript (NYSE:BK)
Bank of New York Mellon 4Q Profit Climbs on Higher Fee Revenue, Lower Costs
Bank of New York Mellon logged a higher profit in the fourth quarter as both fee and interest revenue climbed and costs came down from a year ago. The bank posted a profit of $1.16 billion, or $1.54 a share, compared with $206 million, or 21 cents a share, in the same quarter a year ago.
Bank of America Securities analyst Ebrahim Poonawala reiterated a Buy rating on Bank of New York Mellon Corporation (BK – Research Report)
The U.S.’s oldest bank beat Bank of America to a $25-per-hour pay floor – and is touting its rank-and-file stock offerings and well-being improvements in what’s quickly becoming an annual answer to the Charlotte lender’s PR efforts.
Bank of New York Mellon Corp (NYSE ... Q: Can you discuss the resilience of BNY Mellon's pre-tax margin and ROE targets for 2025? A: Dermot Mcdonogh, CFO, stated that BNY Mellon is confident ...
BNY posts strong Q4 earnings, analysts boost EPS estimates, highlight solid NII, fee growth potential, and strategic investments.
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Longtime observers of Bank of America can count on two ...
The Bank of New York Mellon Corporation’s BK fourth-quarter 2024 adjusted earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.56. Also, the figure reflected a jump of 33.3% from the prior-year quarter.
Bank of New York Mellon Corp. provided additional strength ... embedded in our company," said Chief Executive Robin Vince. BNY's stock was rallying 6.1%, outpacing the 1.4% rise by the S&P 500 ...
Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday.
Bank of America allocates $1B in restricted stock pool for workforce, aiming to retain talent, boost profitability, and contain expenses.
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