Key Takeaways Major U.S. indexes surged at midday Wednesday after several big banks reported strong quarterly results and a key measure of inflation came in softer than anticipated.Bank of New York Mellon,

The Bank of New York Mellon Corporation (NYSE:BK) shares are trading slightly lower on Thursday. Yesterday, the company reported fourth-quarter 2024 results. The finance behemoth reported fourth-quarter adjusted earnings per share of $1.

JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

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

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

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,

Investors in bank stocks keep getting rewarded. For now. Big banks reported strong fourth-quarter and full-year financial results on Wednesday. The KBW Nasdaq Bank Index saw its largest gain since the day after the presidential election.

Bank of America Securities analyst Ebrahim Poonawala reiterated a Buy rating on Bank of New York Mellon Corporation (BK – Research Report)

Mike Mayo; Analyst; Wells Fargo Securities, LLC Alex Blostein; Analyst; The Goldman Sachs Group, Inc. Brian Bedell; Analyst; Deutsche Bank Securities Inc. David Smith; Analyst; Truist Securities Inc. Thomas Leddy; Analyst; RBC Capital Markets

"I think rate hikes are possible. Anything is possible. You've got to be prepared. Being resilient really matters," BNY CEO Robin Vince told Yahoo Finance at the World Economic Forum in Davos, Switzerland.

US President-elect Donald Trump’s imminent return to the White House and fading hopes for aggressive interest rate cuts have driven the dollar to

State Street reported a rise in fourth-quarter profit on Friday, boosted by an increase in fees earned from managing client assets, and also announced the appointment of Mark R. Keating as interim CFO.