- Reuters•4 hours ago
Large US investors are drafting proposals to guard against being left holding riskier debt in the event that big banks are broken up into smaller entities. Amid political pressure to dismantle some of the country's largest financial institutions, industry group The Credit Roundtable is drafting new protective covenants for bank bonds. The group, whose members collectively manage some US$3.8trn in assets and include Prudential and Vanguard, is expected to submit the proposals to regulators in the coming weeks.
- Benzinga•6 hours agoKBW Upgrades Bank NY Mellon To Outperform, Bullish On Fundamentals And Benefits From Possible FFR Rate Hike
Bank of New York Mellon Corp (NYSE: BK ) reported robust results for Q3, while issuing a better earnings guidance going forward. Brian Kleinhanzl of Keefe, Bruyette & Woods upgraded the rating on the company ...
The Bank of New York Mellon Corporation (BK)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||43.00 x 4300|
|Ask||43.01 x 2400|
|Day's Range||41.93 - 43.16|
|52wk Range||32.20 - 44.73|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||15.43|
|Avg Vol (3m)||4,736,040|
|Dividend & Yield||0.76 (1.93%)|