UPDATE 4-Sterling shoots above $1.30 on Brexit hopes in jittery session [Reuters]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Sterling shoots above $1.30 in jittery trade before Brexit | Reuters 3 Min Read LONDON (Reuters) - Sterling shot past $1.30 on Tuesday on hopes that Prime Minister Theresa May can win concessions from the European Union for her Brexit deal, although traders struggled to explain the size of the move. After edging higher for much of the day, the pound then jumped in late European trading - rising almost one percent versus the dollar by 1615 GMT to hit its strongest since Feb. 5. The pound was headed for its biggest one-day gain since January. Against the euro, the British currency also extended its earlier rise, adding 0.7 percent to 86.92 pence per euro. “I’m fairly certain it’s not news-related and it’s due to technical factors,” said Neil Mellor, a currencies analyst at BNY Mellon, referring to some large buy orders reportedly in the market and triggered when sterling hit $1.30. May will meet EU Commission chief Jean-Claude Juncker in Brussels on Wednesday, pressing on with efforts t
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- 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
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- The Bank of New York Mellon Corporation (NYSE:BK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/16/24 - Form 8-K
- 4/11/24 - Form 3
- 4/10/24 - Form 8-K
- BK's page on the SEC website