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March 21, 2014
09:05 EDTRJF, BKBNY Mellon Raymond James should be bought ahead of rate hike, says Buckingham
Buckingham identifies BNY Mellon (BNY) and Raymond James (RJF) as the two names within its coverage universe most leveraged to the first 100 basis point increase in the federal funds rate. The firm notes that expectations for the timing and level of a rate hike were accelerated by Chairman Yellen's comments earlier this week. It keeps Buy ratings on both BNY Mellon and Raymond James.
News For BK;RJF From The Last 14 Days
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September 2, 2015
15:03 EDTRJFRaymond James management to meet with Buckingham
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September 1, 2015
08:08 EDTBKBNY Mellon selloff off on NAV calculation error overdone, says Morgan Stanley
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August 30, 2015
19:56 EDTBKBNY Mellon may not fix pricing glitches before Monday, WSJ says
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August 28, 2015
06:20 EDTBKBNY Mellon: System performance for InvestOne platform improved on Thursday
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August 27, 2015
06:20 EDTBKBNY Mellon trying to figure out fund computer glitch, FT reports
Bank of New York Mellon has experiencing problems with its mutual funds and exchange traded funds possibly reporting inaccurate prices, the Financial Times reports. The bank's computer systems are used to calculate net asset values of many funds and have suffered several problems since the start of the week, the report says. The resulting confusion might take days to clear up, and it is unclear whether investors are buying or selling funds at inaccurate prices, the report says. Reference Link

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