Wells Fargo analyst Mike Mayo raised the firm’s price target on BNY Mellon (BK) to $86 from $82 and keeps an Equal Weight rating on the shares.
Morgan Stanley (MS) and Bank of America (BAC) are scheduled to announce quarterly results on July 16. What to watch for:Stay Ahead of the
Shares of Bank of New York Mellon Corp (BNY) rose 4.7% on Wednesday after the bank beat Wall Street estimates for fourth-quarter earnings, driven by higher fee revenue. The lender reported adjusted earnings of $1.
Bank of New York Mellon Corp. provided additional strength to financial stocks as the firm posted record 2024 revenue of $18.6 billion and delivered better-than-expected fourth-quarter results. "We enter 2025 with strong momentum,
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
U.S. stocks were higher, with the Dow Jones index gaining over 650 points on Wednesday. Shares of Citigroup Inc. C rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and announced a $20 billion buyback.
Analysts expect the New York-based company to report quarterly earnings at $1.54 per share, up from $1.28 per share in the year-ago period. Bank of New York Mellon projects to report revenue of $4.65 billion for the recent quarter, compared to $4.31 billion a year earlier, according to data from Benzinga Pro.