The
Bank of New York Mellon Corporation (BNY Mellon) has been impacting headlines with numerous updates. Recently, the company appointed a new
Deputy CRO, pointing towards potential changes in the company's risk management strategies. BNY Mellon's stock has also seen an increase in positions by
Royal London Asset Management Ltd,
State Street Corp, and
Quantinno Capital Management LP among others. Despite some trading losses, the company's stock has generally outperformed competitors. Many, like
Taika Capital LP and
Cinctive Capital Management LP, are making significant investments in the bank. Recent
Q3 earnings revealed strong revenue growth, with results beating Wall Street's estimates. Despite facing a fine over trade reporting and supervision failures, BNY Mellon continues to expand its services like introducing a prepaid debit card program. There are varying opinions regarding BNY Mellon’s performance, with some arguing the bank is outperforming other financial stocks while others are selling shares, signaling possible caution. Most notably, the bank has received approval to offer
ETF Crypto Custody services, demonstrating a forward-thinking approach.
Bank of New York Mellon Corporation BK News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 07 Dec 2024 10:48:26 GMT -
Rating 4
- Innovation 7
- Information 6
- Rumor 1
