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Headquartered in New York and formed as a holding company for The Bank of New York Mellon, The Bank of New York Mellon Corporation (popularly known as BNY Mellon) is a financial services company that has been in business since 1784. The company was incorporated on Jul 1, 2007, following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation. BNY Mellon operates in 35 countries and provides various products and services to individuals and institutions in more than 100 markets worldwide. The company’s global client base consists of financial institutions, corporations, government agencies, endowments and foundations as well as high-net-worth individuals.
Huntington (HBAN) Q3 Earnings Top Estimates, Expenses Up
by Zacks Equity Research
Higher revenues support Huntington's (HBAN) Q3 earnings, partly muted by elevated expenses and provisions.
M&T Bank (MTB) Q3 Earnings Beat Estimates, Revenues Down
by Zacks Equity Research
M&T Bank's (MTB) Q3 results reflect lower expenses, partly offset by escalating provisions and reduction in revenues.
Northern Trust (NTRS) Q3 Earnings Miss, Fee Income Climbs
by Zacks Equity Research
Northern Trust's (NTRS) Q3 results reflect higher fee income, mostly muted by fall in net interest income, escalating expenses and provisions.
Synovus' (SNV) Q3 Earnings Beat on Solid Mortgage Banking
by Zacks Equity Research
Synovus' (SNV) Q3 results highlight elevated fee income, partly muted by lower net interest income, along with higher provisions and expenses.
BNY Mellon (BK) Earnings Beat in Q3, Revenues Decline Y/Y
by Zacks Equity Research
BNY Mellon (BK) witnesses a decline in revenues and higher expenses in the third quarter of 2020.
5 Major Bank Stocks Set to Beat on Q3 Earnings Amid Low Rates
by Swayta Shah
Decent performance of fee income components including trading, underwriting and investment banking is likely to have supported major banks' Q3 earnings amid low interest rates and economic slowdown.
Asset Growth to Aid BNY Mellon (BK) Q3 Earnings Amid Low Rates
by Zacks Equity Research
Rise in asset balances are expected to have boosted BNY Mellon's (BK) performance fee in third-quarter 2020. Lower interest rates are likely to have hurt net interest revenues.
Muted Loan Growth to Mar Truist Financial (TFC) Q3 Earnings
by Zacks Equity Research
Truist Financial (TFC) is expected to have witnessed a decline in interest income in the third quarter because of muted loan growth as well as low interest rates.
Increased Client Activity to Aid Schwab (SCHW) Q3 Earnings
by Zacks Equity Research
While Schwab's (SCHW) trading revenues are likely to have improved in Q3 on rise in client activity amid higher market volatility, interest revenues are not expected to have improved much.
Fee Income to Support BofA (BAC) Q3 Earnings Amid Low Rates
by Zacks Equity Research
Fee income sources including trading, investment banking and consumer fees are expected to have supported BofA's (BAC) Q3 results. However, low interest rates and mute loan demand might have hurt it.
Bank Stock Roundup: Citi Faces Penalty, BofA & Wells Fargo Restructure Business
by Swayta Shah
Improving oversight related to risk management process and business restructuring initiatives will support major bank stocks, going forward.
BNY Mellon Expands in Saudi Arabia, Partners With NCB Capital
by Zacks Equity Research
BNY Mellon (BK) partners with Saudi Arabia's largest asset manager, NCB Capital, to promote its global custody and asset-servicing activities for institutional investors in the region.
Westpac to Pay Penalty to AUSTRAC for Compliance Failure
by Zacks Equity Research
Westpac's (WBK) fine marks the largest ever civil penalty in Australia's history.
Stock Market News for Sep 22, 2020
by Zacks Equity Research
Concerns about spike in coronavirus cases raised possibilities of new lockdown measures in Europe, and a lack of progress towards another round of fiscal stimulus in America led to sharp sell-off on Monday.
Bank Stocks Down as Probe Shows Large Scale Money Laundering
by Swayta Shah
The report revealing rampant money laundering shows that efforts taken by banks to fight such activities are still not enough. The disclosure hurt the banks' reputation to an extent.
Northwest Bancshares to Boost Branch Efficiency, Save Costs
by Zacks Equity Research
Northwest Bancshares (NWBI) intends to enhance branch efficiency technology upgrades. These efforts will lead to cost savings.
Low Rates, Coronavirus Mar Major Regional Bank Stock Outlook
by Swayta Shah
Near-zero interest rates, worsening asset quality and coronavirus-induced economic slowdown are likely to continue hampering major regional banks' financials in the next few quarters.
M&T Bank (MTB) Q2 Earnings Miss Estimates, Provisions Up
by Zacks Equity Research
M&T Bank's (MTB) Q2 results reflect escalating provisions and lower revenues amid the coronavirus crisis, partly offset by lower expenses.
Northern Trust (NTRS) Q2 Earnings Beat Estimates, Provisions Up
by Zacks Equity Research
Northern Trust's (NTRS) Q2 results reflect higher fee income, partly muted by fall in net interest income, escalating expenses and provisions amid the coronavirus crisis.
State Street (STT) Q2 Earnings Beat on Fee Income Growth
by Zacks Equity Research
A rise in fee income and cost-saving efforts support State Street's (STT) Q2 earnings amid lower rates and coronavirus-related concerns.
BNY Mellon (BK) Q2 Earnings & Revenues Beat, Provisions Jump
by Zacks Equity Research
Rise in fee income and higher assets balance support BNY Mellon's (BK) Q2 results amid lower rates and rising provisions.
BNY Mellon (BK) Beats on Q2 Earnings as Revenues Improve
by Zacks Equity Research
BNY Mellon's Q2 results reflect higher revenues and assets growth, while lower rates hurt.
Low Interest Rates to Mar Truist Financial (TFC) Q2 Earnings
by Zacks Equity Research
Near-zero interest rates and a substantial rise in provisions are likely to hurt Truist Financial's (TFC) Q2 results.
Trading, Underwriting Businesses to Aid BofA (BAC) Q2 Earnings
by Zacks Equity Research
A substantial rise in trading and underwriting activities is likely to support BofA's (BAC) Q2 results. Lower interest rates and significantly higher credit cost may have been headwinds.
Should You Buy BNY Mellon (BK) Ahead of Earnings?
by Zacks Equity Research
BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.