Zacks Industry Outlook Highlights: M&T Bank, KeyCorp, Webster Financial, Bank of New York Mellon and BofI Holding
Zacks Equity Research - Zacks Investment Research - Mon Aug 01, 8:30AM CDT
Zacks Industry Outlook Highlights: M&T Bank, KeyCorp, Webster Financial, Bank of New York Mellon and BofI Holding
BOFI: 16.94 (+1.60), MTB: 113.90 (+1.90), KEY: 11.67 (+0.22), BK: 39.22 (+0.42), WBS: 36.17 (+0.42)
What Spells Trouble Ahead for U.S. Banks?
Kalyan Nandy - Zacks Investment Research - Fri Jul 29, 4:42PM CDT
What Spells Trouble Ahead for U.S. Banks?
BOFI: 16.94 (+1.60), WABC: 47.12 (+0.48), MTB: 113.90 (+1.90), WFC: 47.57 (-0.13), KEY: 11.67 (+0.22), BK: 39.22 (+0.42), WBS: 36.17 (+0.42)
BNY Mellon's Hani Kablawi Named New Head of Investment Services for EMEA
PR Newswire - Tue Jul 19, 5:48AM CDT
BNY Mellon, a global leader in investment management and investment services, today appointed Hani Kablawi as the new Head of Investment Services for Europe, the Middle East and Africa (EMEA).
BK: 39.22 (+0.42)
Before Q2 Earnings Intensify, Sell These 3 Bank Stocks
Zacks Premium Research - Zacks Investment Research - Mon Jul 18, 3:51PM CDT
These banks are all sell-ranked, and they also stand to be less profitable because of the low interest rate environment which currently prevails.
KEY: 11.67 (+0.22), BKU: 29.38 (+0.12), BK: 39.22 (+0.42)
Bank Stock Roundup: Q2 Earnings Season Kicks Off with JPMorgan Beat
Zacks Equity Research - Zacks Investment Research - Fri Jul 15, 2:05PM CDT
Due to the commencement of the Q2 earnings season, all eyes were on the banking sector over the last five trading sessions. JPMorgan proved analysts wrong by reporting an earnings beat on July 14.
RF: 9.04 (+0.14), COF: 66.55 (+0.25), BBT: 37.14 (+0.76), JPM: 64.66 (+1.01), C: 43.89 (+0.90), BAC: 14.48 (+0.35), KEY: 11.67 (+0.22), PNC: 83.85 (+2.19), BK: 39.22 (+0.42), CMA: 44.73 (+0.73), OZRK: 35.52 (+0.03)
Fitch: U.S. Trust Banks Focused on Expense Management
BusinessWire - Tue Jul 12, 12:07PM CDT
Fitch Ratings has affirmed the ratings of the following U.S trust banks: Bank of New York Mellon ('AA-'
STT: 65.85 (+0.52), NTRS: 67.01 (+0.80), BK: 39.22 (+0.42)
BNY Mellon's Pershing CEO Lisa Dolly Named One of "The 50 Most Influential Women in Private Wealth" by Private Asset Management Magazine
PR Newswire - Mon Jul 11, 9:45AM CDT
Pershing LLC, a BNY Mellon Company, is pleased to announce that its chief executive officer, Lisa Dolly, has been named one of the "50 Most Influential Women in Private Wealth" for 2016 by Private Asset Management (PAM) magazine. The selection, which acknowledges women who are positively impacting the private wealth management industry, was announced in PAM's June 2016 issue.
BK: 39.22 (+0.42)
Funded Status of U.S. Corporate Pensions Falls in June, to 78.1 Percent, According to BNY Mellon Fiduciary Solutions' Monthly Institutional Scorecard
PR Newswire - Thu Jul 07, 11:00AM CDT
According to the BNY Mellon Institutional Scorecard, which is available online here, the funded status of typical U.S. corporate defined benefit (DB) plans fell by 2.1 percent in June, to 78.1 percent. The slide represents the lowest month-end funded status yet for U.S. corporate DB plans in 2016. Asset growth of 1.5 percent was not enough for plan sponsors to outpace rising liabilities--which increased by 4.0 percent in June, after the EU Referendum vote shook global markets.
BK: 39.22 (+0.42)
Bank Stock Roundup: No Rate Hike Decision, Brexit Concerns, Streamlining Put Citi, BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 2:01PM CDT
The Fed's decision to keep the interest rates unchanged, concerns over Brexit and fall in oil prices weighed on banking stocks over the last five trading days.
T: 43.14 (-0.02), COF: 66.55 (+0.25), JPM: 64.66 (+1.01), C: 43.89 (+0.90), BAC: 14.48 (+0.35), WFC: 47.57 (-0.13), BK: 39.22 (+0.42)
BNY Mellon (BK) Settles FX-Pricing Case with SEC for $30M
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 4:48PM CDT
Issues pertaining to foreign exchange (FX) trades still seem to hang over BNY Mellon (BK) with the company agreeing to shell out $30 million in fines to the SEC.
STT: 65.85 (+0.52), JPM: 64.66 (+1.01), BK: 39.22 (+0.42), BMRC: 48.68 (-0.02)
Funded Status of U.S. Corporate Pensions Rises in May to 80.2 Percent, According to BNY Mellon Fiduciary Solutions' Monthly Institutional Scorecard
PR Newswire - Thu Jun 09, 7:00AM CDT
According to the BNY Mellon Institutional Scorecard, which is available online here, the funded status of typical U.S. corporate defined benefit (DB) plans increased by 0.3 percent in May, up to 80.2 percent. Over the course of the month, assets grew by 0.5 percent, which outpaced the increase in liabilities--up only 0.1 percent in May.
BK: 39.22 (+0.42)
BNY Mellon's Pershing Adds AltX Hedge Fund Intelligence Platform to its Alternative Investment Center
PR Newswire - Wed Jun 08, 10:00AM CDT
Pershing LLC, a BNY Mellon company, announced today at its INSITE 2016 conference that it has added the hedge fund intelligence platform, AltX, to its Alternative Investment Center. Accessible through NetX360®, Pershing's Alternative Investment Center provides advisors access to educational resources, research and tools to help inform their alternative investment strategies. The addition of AltX will help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
BK: 39.22 (+0.42)
BNY Mellon's Pershing Launches New Solutions and Resources to Help Firms Comply with the DOL Conflict of Interest Rule
PR Newswire - Wed Jun 08, 8:30AM CDT
Pershing LLC, a BNY Mellon company, today announced its solutions and resources to help financial services firms comply with the Department of Labor's (DOL) Conflict of Interest rule. Over the past 18 months, Pershing has been working to help firms understand the rule and developing solutions, which it will soon start to roll out.
BK: 39.22 (+0.42)
BNY Mellon to Speak at the 2016 Morgan Stanley Financials Conference on June 15
PR Newswire - Wed Jun 08, 6:30AM CDT
Brian T. Shea, vice chairman and chief executive officer of BNY Mellon Investment Services, and Thomas P. Gibbons, vice chairman and chief financial officer of BNY Mellon, will be speaking at the 2016 Morgan Stanley Financials Conference in New York at 7:45 a.m. EDT on Wednesday, June 15. They will discuss BNY Mellon's corporate strategy, opportunities for growth, capital management and technology in a moderated discussion format. The discussion may include forward-looking statements and other material information.
BK: 39.22 (+0.42), MS: 28.42 (+0.42)
BNY Mellon's Pershing Unveils New Technology Capabilities that Enable Firms to Define Their Own Digital Wealth Management Experience
PR Newswire - Tue Jun 07, 8:30AM CDT
Pershing LLC, a BNY Mellon company, today launched a suite of technology enhancements that provide wealth management firms with greater flexibility to digitally transform their business. Announced during Pershing's annual INSITE 2016 conference, the new enhancements aim to make integration easier and improve investor and advisor experiences. These developments are part of Pershing's ongoing digital enablement strategy.
BK: 39.22 (+0.42)
Institutional investors are boosting alternatives allocations in hunt for outperformance, finds new report from BNY Mellon
PR Newswire - Tue Jun 07, 5:45AM CDT
Institutional investors are seeking to allocate more of their capital to alternative strategies in a quest for strong returns in the low-interest-rate environment, according to a new study from BNY Mellon.
BK: 39.22 (+0.42)
SmarTrend Watching for Potential Rebound in Shares of Bank of New York Mellon After 1.91% Loss
Comtex SmarTrend(R) - Fri Jun 03, 1:10PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $40.96 to a high of $41.42. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $41.35 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BK: 39.22 (+0.42)
Watch for Shares of Bank of New York Mellon (BK) to Approach Resistance at $42.65
Comtex SmarTrend(R) - Tue May 31, 8:52AM CDT
Bank of New York Mellon (NYSE:BK) has opened bullishly above the pivot of $42.17 today and has reached the first level of resistance at $42.46. Investors may be interested in a cross of the next upside pivot targets of $42.65 and $43.13.
BK: 39.22 (+0.42)
BNY Mellon Named as Depositary Bank by Grupo Supervielle S.A. in First ADR Capital Raising of 2016 by Argentine Company
PR Newswire - Thu May 26, 11:47AM CDT
BNY Mellon, a global leader in investment management and investment services, has been chosen by Grupo Supervielle S.A. as depositary bank for the listing and offering of its American depositary receipts (ADRs). The new listing marks the first ADR capital raising by an Argentine company in 2016. Each Grupo Supervielle ADR represents five class B shares and trades on the New York Stock Exchange under the symbol 'SUPV.' The company's ordinary class B shares trade on the MERVAL under the code 'SUPV.'
BK: 39.22 (+0.42)