BofA raised the firm’s price target on BNY Mellon (BK) to $95 from $90 and keeps a Buy rating on the shares. Following earnings, the firm

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

Bank of New York Mellon said quarterly earnings leapt higher as fee and interest revenue climbed and costs came down from a year earlier.

Bank of America Securities analyst Ebrahim Poonawala reiterated a Buy rating on Bank of New York Mellon Corporation (BK – Research Report)

Presentation Operator Good afternoon, and welcome to the 2024 Fourth Quarter Earnings Conference Call hosted by BNY. [Operator Instructions] Please note that this conference call and webcast will be recorded and will consist of copyrighted material.

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 and well-being improvements in what’s quickly becoming an annual answer to the Charlotte lender’s PR efforts.

Bank of New York Mellon Corp (NYSE ... Q: Can you discuss the resilience of BNY Mellon's pre-tax margin and ROE targets for 2025? A: Dermot Mcdonogh, CFO, stated that BNY Mellon is confident ...

BNY posts strong Q4 earnings, analysts boost EPS estimates, highlight solid NII, fee growth potential, and strategic investments.

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.

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Longtime observers of Bank of America can count on two ...

Bank of New York Mellon BK6.41%increase; green up pointing triangle said quarterly earnings leapt higher as fee and interest revenue climbed and costs came down from a year earlier, helping lead ...

In a report released on January 15, Gerard Cassidy from RBC Capital maintained a Hold rating on Bank of New York Mellon Corporation (BK –