Bank of New York Mellon is a global financial services company that specializes in investment management and investment services. The firm provides a range of solutions including asset servicing, wealth management, and banking services, primarily to institutions, corporations, and high-net-worth individuals. With a strong focus on technology and innovation, it aims to deliver efficient and customized financial services that meet the diverse needs of its clients, helping them to manage their assets effectively and achieve their financial objectives. Through its extensive network and expertise, Bank of New York Mellon plays a crucial role in the capital markets, facilitating transactions and providing insights that contribute to the overall financial ecosystem. Read More
BNY reported a 6% year-over-year rise in first-quarter revenue to $4.79 billion, which topped a Wall Street estimate of $4.77 billion, per FinChat data. Adjusted earnings per share came in at $1.58 versus a Street expectation of $1.49.
According to a Stocktwits poll that received 1,500 votes, 49% of the respondents say they are bearish on bank results in the wake of a slowing economy and falling margins.
Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top S&P500 gainers and losers in today's after hours session.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
