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Stock impact report

The Fed Paused Rate Cuts. That's Great News for These 2 Financial Stocks [Yahoo! Finance]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Ultimately, the FOMC decided to hold rates at between 3.50% and 3.75%, citing an expanding economy, stabilized unemployment, and still-elevated inflation. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » The decision to pause rates was widely expected. According to the CME FedWatch survey of interest rate traders, rates are expected to stay put until the June 16-17 FOMC meeting. Of course, this is just speculation. Technology stocks and growth stocks generally favor lower rates, as do many financial stocks, as lower rates spur mergers and acquisitions and lending. But two major financial stocks would certainly not mind rates staying where they are for a while -- or even rising. Those would be the two leading custody banks, BNY Mellon (NYSE: BK) and State Street (NYSE: STT) As custody banks, BNY Mellon and State Street hold, protect, and service assets fro Show less Read more
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