Bank of New York Mellon bets on technology, continues focus on LDI [Seeking Alpha]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
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Source: Seeking Alpha
Bank of New York Mellon bets on technology, continues focus on LDIThe 2018 strategy being presented atinvestor day today focuses on growing the LDI business, expanding alternative & passive investing capabilities, and restructuring the traditional active management business.The custodial bank is investing $300M in technology initiatives this year, connecting data science to enhance investment processes.Bank of New York Mellon (NYSE:BK) projects Q1 2018 net interest revenue to be up 12-14%, investment income growth of $60M to $70M, securities losses of $50M, and operating expense growth of 5% including a foreign currency translation loss of 2%. The bank expects a 21% effective tax rate for the full year.Previously:BNY Mellon's Scharf aims to modernize the company (March 7)Click to subscribe to real-time analytics on BKNow read:The Chemist's Quality CEF Report - January 2018 »
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News
- The Bank of New York Mellon Co. (NYSE: BK) had its price target raised by analysts at Jefferies Financial Group Inc. from $67.00 to $68.00. They now have a "buy" rating on the stock.MarketBeat
- Bank of New York Mellon First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- The Bank of New York Mellon Co. (NYSE: BK) had its price target raised by analysts at Bank of America Co. from $64.00 to $66.00. They now have a "buy" rating on the stock.MarketBeat
- Jack Malvey, Bond Market Expert Who Worked at Lehman, Dies at 72 [BNN Bloomberg (Canada)]BNN Bloomberg
- BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/18/24 - Form 144
- 4/18/24 - Form NPORT-P
- 4/18/24 - Form NPORT-P
- BK's page on the SEC website