Economist: Coronavirus recession 'turning into the Great Depression II' amid jobless spike [DailyFinance (AOL.com)]
The Bank of New York Mellon Corporation (BK)
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Source: DailyFinance
Economist: Coronavirus recession 'turning into the Great Depression II' amid jobless spikeShareAarthi SwaminathanApr 23rd 2020 11:26AMThe 26 million claimsfiled“At this point it would take a miracle to keep this recession from turning into the Great Depression II,” Chris Rupkey, MUFG managing director and chief financial economist, wrote in a note on Thursday. “It is going to take years not months to put these pandemic jobless workers back to work at the shops and malls and factories and restaurants across the country.”‘A disaster for the country’The initial wave of job losses were concentrated in the retail and hospitality sectors, but that’s spreading to suppliers and other industries, ING Chief International Economist James Knightley stated in another note on Thursday.“We're sitting here today at a 17% rate, which is a disaster for the country," BNY Mellon Chief StrategisttoldThe job losses in the last five reports were “more than the entire Great Recession a decade ago,” Rupkey
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- Bank of New York Mellon (NYSE:BK) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Canadian Bank Stocks: Buy, Sell, or Hold? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bank of New York Mellon (NYSE:BK) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- BANK OF NEW YORK MELLON INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates The Bank of New York Mellon Corporation’s Directors and Officers for Breach of Fiduciary Duties – BKBusiness Wire
- FRN Variable Rate Fix [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 10/16/25 - Beat
BK
Sec Filings
- 11/7/25 - Form 4
- 11/3/25 - Form 4
- 11/3/25 - Form 13F-HR
- BK's page on the SEC website