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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.
Retail Sales Miss to -0.3%, Bank Earnings Mixed: BAC & BK
by Mark Vickery
-0.3% on the headline was the reverse of the consensus estimate +0.3%. This is the worst Retail Sales print since February.
BNY Mellon (BK) Beats on Q3 Earnings as Expenses Decline
by Zacks Equity Research
Fall in expenses, partly offset by lower revenues aid BNY Mellon's Q3 results.
Trading, Global Woes to Mar Morgan Stanley (MS) Q3 Earnings
by Zacks Equity Research
Morgan Stanley's (MS) Q3 results are likely to reflect adverse impact from slump in trading activities, weak investment banking and lower interest rates.
Fee Income Growth to Support M&T Bank's (MTB) Q3 Earnings
by Zacks Equity Research
M&T Bank's (MTB) third-quarter 2019 results, slated for release on Oct 17, are expected to reflect benefits from an improved fee income scenario.
Muted Lending, Lower Rates to Hurt KeyCorp (KEY) Q3 Earnings
by Zacks Equity Research
KeyCorp's (KEY) Q3 earnings are likely to reflect dismal lending scenario, lower interest rates and higher costs. However, improvement in mortgage banking business is likely to have offered support.
Why Earnings Season Could Be Great for BNY Mellon (BK)
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.
Dismal Trading, Lower Rates to Hurt BofA's (BAC) Q3 Earnings
by Zacks Equity Research
BofA's (BAC) Q3 earnings are expected to reflect disappointing trading activities, lower interest rates, weak lending scenario and muted investment banking performance.
Can Modest Asset Growth Aid BNY Mellon (BK) in Q3 Earnings?
by Zacks Equity Research
While lower rates are likely to have hurt BNY Mellon's (BK) net interest revenues in the third quarter of 2019, asset growth is likely to have positively impacted investment management and performance fees.
4 Major Bank Stocks Poised to Outshine Q3 Earnings Estimates
by Zacks Equity Research
The Q3 earnings season will most likely have been dismal for U.S. banks due to the impact of soft loan growth and decline in interest rates, along with muted trading and investment banking activities.
Fee Income to Support U.S. Bancorp (USB) Q3 Earnings
by Zacks Equity Research
U.S. Bancorp's (USB) third-quarter 2019 results, slated for release on Oct 16, are expected to reflect benefits from an improved fee income scenario.
The Zacks Analyst Blog Highlights: Verizon Communications, PepsiCo, Biogen, Bank of New York ??? Mellon and Cerner
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Verizon Communications, PepsiCo, Biogen, Bank of New York ??? Mellon and Cerner
Bank Stock Roundup: Restructuring Efforts, Lawsuits, Wells Fargo & BofA in Focus
by Swayta Shah
Major banks continue with their efforts to diversify revenues amid a challenging operating backdrop.
Top Stock Reports for Verizon, PepsiCo & Biogen
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Verizon Communications (VZ), PepsiCo (PEP) and Biogen (BIIB).
Wells Fargo Hands Over Turnaround Task to BNY Mellon's CEO
by Zacks Equity Research
Wells Fargo (WFC) keeps its promise to appoint an outsider as CEO as this would provide a fresh approach in dealing with the problems.
Jefferies' (JEF) Q3 Earnings Lag Estimates as Costs Rise
by Zacks Equity Research
Jefferies (JEF) witnesses lower revenues in the three months ended Aug 31, 2019. Moreover, higher expenses hurt results to some extent.
State Street (STT) Q2 Earnings Beat, Revenues & Costs Down
by Zacks Equity Research
Lower expenses (driven by cost saving efforts) support State Street's (STT) Q2 earnings. However, decline in revenues act as a headwind.
BNY Mellon (BK) Q2 Earnings Beat Estimates as Costs Decline
by Zacks Equity Research
BNY Mellon (BK) witnesses lower revenues in the second quarter of 2019. However, lower expenses and rise in AUM support results to quite an extent.
BNY Mellon (BK) Beats on Q2 Earnings, Revenues Decline
by Zacks Equity Research
Fall in expenses, partly offset by lower revenues aid BNY Mellon's Q2 results.
Low Rates, Muted Lending to Hurt BNY Mellon's (BK) Q2 Earnings
by Zacks Equity Research
BNY Mellon's (BK) net interest revenues are likely to be hurt in the second quarter of 2019 because of dismal lending scenario.
Earnings Preview: Bank of New York Mellon (BK) Q2 Earnings Expected to Decline
by Zacks Equity Research
Bank of New York Mellon (BK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Jefferies (JEF) Stock Up 6.4% as Q2 Earnings Beat Estimates
by Zacks Equity Research
Jefferies (JEF) witnesses higher revenues in the three months ended May 31, 2019. However, higher expenses hurt results to some extent.
Weak Data Could Hasten Rate Cut: Can Banks Cope?
by Swarup Gupta
Banks, which have emerged creditably from stress tests, are expected to feel the pinch since lower rates weigh on net interest margins.
3 Mutual Funds to Benefit From Stress Test Results
by Nitish Marwah
Fed conducts a review of these banks under hypothetically created financial crises and recessions.
Why Is Bank of New York Mellon (BK) Down 3.9% Since Last Earnings Report?
by Zacks Equity Research
Bank of New York Mellon (BK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moving Average Crossover Alert: Bank of New York Mellon
by Zacks Equity Research
The Bank of New York Mellon Corporation (BK) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.