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

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.

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

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

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 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.

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The delay also follows UK government pressure to ease regulatory burdens and stimulate economic growth. Prime Minister Sir Keir Starmer has previously promised to “rip up the bureaucracy that blocks investment”, while chancellor Rachel Reeves is currently urging regulators to support UK competitiveness.

In day two of Big Bank 4Q earnings, Bank of America (BofA) and Morgan Stanley reported strong results, exceeding analysts' expectations and doubling their profits compared to the same period last year,

U.S. President-elect Donald Trump's imminent return to the White House and fading hopes for aggressive interest rate cuts have driven the dollar to multi-year highs, and investors see this strength continuing,

Much of these gains have occurred since Trump’s victory in the November election, as investors raced to prepare portfolios for the new administration’s trade and tariff policies, which are expected to offer near-term dollar support while pressuring other economies and currencies.