Fed's Powell says he's confident 'good years' are ahead for U.S. economy [CNNMoney.com]
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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Source: CNNMoney.com
Fed's Powell says he's confident 'good years' are ahead for U.S. economyFederal Reserve Chairman Jerome Powell's bright economic outlook is raising investor expectations that faster interest-rate hikes may be on the way.The Fed already has plans for three hikes to keep the economy from overheating. But inflation, which has run below the Fed's 2% target for years, is finally picking up. And wages are climbing in a tight job market.Powell expressed confidence that the next few years will be "good years for the economy" as Americans spend more and businesses increase their investments, helping to boost productivity."My personal outlook for the economy has strengthened since December," Powell told the House Financial Services Committee, where he delivered the Fed's twice-a-year report on the state of the economy.Investors took the upbeat report as a sign that the Fed may have to raise rates four times instead of three.In the bond market, the 10-year Treasury yield quickly spiked from 2.86
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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