As part of its initiative to expand its global market share, Bank of New York Mellon Corp. (NYSE:BK) is acquiring Germany’s BHF Asset Servicing GmbH for $343 million. The deal, which is expected...
At the turn of the century, U.S. banks like Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), and Bank of New York Mellon (NYSE:BK) dominated the list of the world’s highest-valued banks. Of course though...
Marriott International (MAR) reported a fourth-quarter profit of 28 cents from continuing operations versus estimates of 25 cents as revenues fell to $3.38 billion from $3.78 billion last year, ...
Bank of New York Mellon Corp. (BK) announced on Tuesday that it is in the process of buying the global investment servicing unit of PNC Financial Services Group Inc. (PNC) for $2.31 billion. On...
Recently, we initiated coverage on BNY Mellon Corp. (BK) with a Neutral recommendation. BNY Mellon’s fourth-quarter earnings of 59 cents per share came in above the Zacks Consensus Estimate of 52 ce...
Despite the recent global market selloff, opportunities in emerging markets still remain relatively prevalent. Most recently, the risk premium on JP Morgan’s Emerging Market Bond Index Global Fu...
The Bank of New York Mellon Corp.’s (BK) fourth-quarter earnings of 59 cents per share came in above the Zacks Consensus Estimate of 52 cents. The company saw an increase in assets under custody and...
The main Wall Street indexes are starting the session lower, after the bad data from Morgan Stanley, BofA and NY Mellon. The most affected is the DJI, losing 0.93%....
The Morgan Stanley quarterly results were printed and came in under expectations. The market expected gains per share of 35 cents, but the gains came in at 29 cents per share. This is a negative dat...
The government is considering a banking regulation bill, but "regulation tends to make worse rather than better," Roger ...