Bank of New York Mellon gains after Q3 results beat
BUZZ-Bank of New York Mellon gains after Q3 results beat ** Shares of lender Bank of New York Mellon BNY.N up 1.4% at $139.5 premarket
** Reports Q3 adj EPS of $2.37 and Q3 revenue of $5.68 billion, both beating analysts' estimates of $2.27 and $5.55 billion respectively, according to data compiled by LSEG
** Revenue and profit growth driven by broad-based platform expansion and healthy client demand
** Reports assets under management (AUM) of $2.2 trillion at the end of Q3
** 11 of 17 brokerages rate the stock "buy" or higher and 6 "hold"; median PT is $161.50 - data compiled by LSEG
** As of last close, stock up ~18.6% YTD, compared with an 8.5% increase in the NYSE composite index .NYA
(Reporting by Darshan Kumar in Bengaluru)
Recent news on Bank Of New York Mellon
See all newsBlackstone, Warburg explore IntraFi sale at over $10 billion, sources say
Morgan StanleyEurope - ISM - MSESE - ISSUER CALL -XS3427691442-20-10-2026
US STOCKS ON THE MOVE-Caterpillar, Kimberly-Clark, Bending Spoons
US STOCKS ON THE MOVE-Walmart, Super Micro, FMC
Morgan Stanley B.V. - ISM - MSBV - ISSUER CALL-XS3242815333 -15th Oct 26