Key Takeaways Major U.S. indexes surged at midday Wednesday after several big banks reported strong quarterly results and a key measure of inflation came in softer than anticipated.Bank of New York Mellon,

The Bank of New York Mellon Corporation (NYSE:BK) shares are trading slightly lower on Thursday. Yesterday, the company reported fourth-quarter 2024 results. The finance behemoth reported fourth-quarter adjusted earnings per share of $1.

Morgan Stanley (MS) and Bank of America (BAC) are scheduled to announce quarterly results on July 16. What to watch for:Stay Ahead of the

Bank of New York Mellon Corp. provided additional strength to financial stocks as the firm posted record 2024 revenue of $18.6 billion and delivered better-than-expected fourth-quarter results. "We enter 2025 with strong momentum,

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

Investors in bank stocks keep getting rewarded. For now. Big banks reported strong fourth-quarter and full-year financial results on Wednesday. The KBW Nasdaq Bank Index saw its largest gain since the day after the presidential election.

Bank of America Securities analyst Ebrahim Poonawala reiterated a Buy rating on Bank of New York Mellon Corporation (BK – Research Report)

State Street reported a rise in fourth-quarter profit on Friday, boosted by an increase in fees earned from managing client assets, and also announced the appointment of Mark R. Keating as interim CFO.

The delay also follows UK government pressure to ease regulatory burdens and stimulate economic growth. Prime Minister Sir Keir Starmer has previously promised to “rip up the bureaucracy that blocks investment”, while chancellor Rachel Reeves is currently urging regulators to support UK competitiveness.

In day two of Big Bank 4Q earnings, Bank of America (BofA) and Morgan Stanley reported strong results, exceeding analysts' expectations and doubling their profits compared to the same period last year,

Presentation Operator Good afternoon, and welcome to the 2024 Fourth Quarter Earnings Conference Call hosted by BNY. [Operator Instructions] Please note that this conference call and webcast will be recorded and will consist of copyrighted material.