Cerity Partners LLC buys 19,518 shares of The Bank of New York Mellon. The institution's stock rises by 1.60% in one week and experiences an upward trend, even though it underperforms the market.
Morgan Stanley raises the bank's target to $82. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund completes liquidation while
BNY Alcentra Global Credit Fund also finalizes its liquidation. Regulatory body, CFTC orders the bank to pay $5 million for swap reporting and supervision failures. A number of investment companies and asset managers show increased interest in BNY Mellon, with Fmr LLC acquiring 8,512,404 shares. Several others expand their position, among them Bank of Montreal and Kingsview Wealth Management. Dividend earnings and strong revenue growth characterize BNY Mellon's Q3 2024, leading to their stock's high performance. Multiple insiders sell approximately $10m of their BK stocks, possibly indicating caution while their higher fee income continues to rise along with the bank's assets. Even though insiders sold off their shares, BK stock continues to trade close to its 52-week high.
Moody's upgrades BNY Mellon as it beats Q3 2024 earnings expectations. The bank's strong liquidity position is demonstrated through its early redemption of $750m senior notes.
Bank of New York Mellon Corporation BK News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:46:48 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 5
