Bank of New York Mellon Corporation (BK) has garnered considerable attention lately with a range of noteworthy
developments and performance. The financial giant reportedly witnessed a
49% upsurge, signaled by
Fair Value. Firms like
Jupiter Asset Management Ltd, Achmea Investment Management B.V, and many others have sold their BK shares while others like
Inceptionr LLC, Miller Financial Services LLC, and more have invested or increased their positions.
EquiLend received a minority investment from BNY to strengthen
Wall Street's future and embrace
Distributed Ledger Technology (DLT). Despite some parties selling their shares,
institutional owners predominantly favor BK owning 88-89% of the company. BK has reported impressive
Earnings for Q3 and Q4 2024, exceeding estimates and registering record net income and strong revenue growth. The rise was backed by expanding
assets under management (AUM) and fee income. Analysts from Zacks and other research firms have a positive outlook for BK's earnings for
FY2025 and FY2027. BK’s own announcements, such as a $500,000,000 offering of depositary shares and a robust dividend, confirm its strong financial standing.
Bank of New York Mellon Corporation BK News Analytics from Wed, 21 Aug 2024 07:00:00 GMT to Sat, 15 Mar 2025 17:57:24 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -5
