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Stock Market & Financial Investment News

News Breaks
May 22, 2014
11:32 EDTBKBNY Mellon set to sell stake in China JV, WSJ says
BNY Mellon is selling its stake in its joint venture fund management company in China, says the Wall Street Journal. The bank submitted a plan to China's securities regulator sell its 49% stake in BNY Mellon Western Fund Management Co., added the Wall Street Journal, citing a person familiar with the matter. Reference Link
News For BK From The Last 14 Days
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October 24, 2014
08:02 EDTBKBNY Mellon unit gets nod for sale of Chinese jv stake, Reuters reports
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October 23, 2014
09:41 EDTBKBNY Mellon names Wiener Chief Risk Officer
BNY Mellon appointed James Wiener senior executive vice president and Chief Risk Officer for the company, effective November 24. Wiener joins BNY Mellon from Oliver Wyman Group.
October 22, 2014
06:16 EDTBKBNY Mellon's Hong Kong unit to launch wealth management strategy, FT says
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October 20, 2014
06:33 EDTBKBNY Mellon upgraded to Neutral from Sell at Goldman
Goldman upgraded BNY Mellon to Neutral based on balanced risk/reward and progress on costs. Price target is $34.
October 17, 2014
06:36 EDTBKBNY Mellon increasing high quality liquid assets in Q4
In Q4, BNY Mellon is continuing to reduce interbank placement assets and increasing its high quality liquid assets in the securities portfolio. The anticipated revenue as a result of these tactical actions should mitigate the impact on net interest revenue as a result of the European Central Bank's reduction in their deposit rate to negative, and the resulting impact on lower reinvestment rates across the euro yield curve; as well as, prolonged low reinvestment rates in the U.S.
06:34 EDTBKBNY Mellon reports Q3 EPS 93c, consensus 61c
Reports Q3 revenue $3.78B, consensus $3.98B. Reports Q3 book value per share $30.80. Reports Q3 Tier 1 capital ratio 15.8%. Reports Q3 AUM up 7% to $28.3T.
October 16, 2014
15:26 EDTBKNotable companies reporting before tomorrow's open
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