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 stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC ...
The Bank of New York Mellon Corporation’s BK fourth-quarter 2024 adjusted earnings of $1.72 per share outpaced the Zacks ...
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 ...
BNY posts strong Q4 earnings, analysts boost EPS estimates, highlight solid NII, fee growth potential, and strategic investments.
BNY Mellon also outperformed its competitor Bank of America Corporation’s (BAC) 38.9% gains in 2024 and 53.1% returns over the past year. Moreover, among the 15 analysts covering the BK stock ...
US President-elect Donald Trump’s imminent return to the White House and fading hopes for aggressive interest rate cuts have ...
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