54.61 0.00 (0.00%)
After hours: 5:27PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||54.41 - 55.37|
|52 Week Range||45.12 - 58.99|
|PE Ratio (TTM)||14.68|
|Forward Dividend & Yield||0.96 (1.76%)|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") has affirmed the ratings on seven classes in Wells Fargo Commercial Mortgage Trust 2016-C33, Commercial Mortgage Pass-Through Certificates, Series 2016-C33: ...
Moody's Investors Service has assigned P-1 ratings to the Long Island Power Authority (LIPA) Electric System Revenue Notes Series 2015 GR-4, consisting of Series 2015GR-4A (Taxable) and Series 2015GR-4B ...
U.S. custodian bank The Bank of New York Mellon Corp on Monday named Katherine Starks as head of its asset servicing business in Germany, Austria, Switzerland and central and eastern European region. Starks ...
Expectations were high for Charlie Scharf’s debut investor day at BNY Mellon . The former JPMorgan Chase banker, an acolyte of Jamie Dimon, had been hired as chief executive last summer from Visa , the ...
Charles Scharf, who joined BNY Mellon in July, has laid off staff, consolidated office space and overhauled executive pay as part of broad overhaul. His challenge is to kick-start the bank that has been ...
Ireland has chosen Bank of New York Mellon to administer an escrow fund of up to 15 billion euros ($18.6 billion) in disputed taxes that the European Commission ordered the government to collect from Apple . The European Commission ruled in August 2016 that Apple had received unfair tax incentives from Ireland and last October said it was taking Dublin to the European Court of Justice over delays in recovering the money. Both Apple and Dublin are appealing the original ruling, saying the iPhone maker's tax treatment was in line with Irish and European Union law.
Bank of New York Mellon Corp. won a contract to be custodian for as much as 13 billion euros ($16 billion) in back taxes that Apple Inc. will pay to Ireland, according to a person familiar with the matter....
Bank of New York Mellon Corp (BK.N) plans to establish an office in Saudi Arabia as early as the second quarter as it looks for opportunities to service the kingdom's overseas assets, say sources familiar with the matter. The bank, which is aiming to apply for an asset services license from the Capital Market Authority, according to the sources, is the latest foreign bank aiming to bolster its presence in the kingdom as it embarks on a huge reform push. BNY Mellon already handles overseas funds held by Saudi government-linked entities from outside the kingdom but opening an office in Riyadh will enable it to work more closely with its clients and solicit new business, the sources said.
Wall Street analysts are expecting a limited upside for asset managers (VFH) as well as broader indexes in 2018, largely due to heated valuations and expected corrections. Among major asset managers, BlackRock (BLK) has 12 “buys” and “strong buys” from analysts as of February 2018 compared to 11 in December 2017. Analysts have given BlackRock a price target of $617.3 on a next-12-month basis.
Investors are looking at alternative asset classes for deploying funds and also investing in equities in Japan and Europe amid weakening US equity performances. Among the major institutions, BlackRock (BLK) is expected to post EPS (earnings per share) of $6.42 in 1Q18 and $6.85 in 2Q18, compared to $5.25 and $5.24, respectively, in the prior year’s periods. Among BlackRock’s peers, the Bank of New York Mellon (BK) is expected to post EPS of $0.95 in 1Q18 and $1.0 in 2Q18. BK expects to see a sequential rise of $0.04 in its EPS, aided by growth in equity holdings, core banking operations, and investment banking growth.
The company has declared a quarterly dividend of $2.88 in 2018 compared to $2.50 in 4Q17, forming an annualized yield of 2.1%. Asset managers (VFH) have maintained dividend yields in the range of 1.5%–2.0% aided by a rise in broader markets, wealth generation, and fund flows toward new offerings. Asset managers could see relatively low returns on equity holdings in 1H18 due to the stock market rout as well as a shift in investments, a fall in the dollar index, and a higher fiscal deficit.
This post is brought to you by Finbox.io . Sign up for your completely FREE trial today! Berkshire Hathaway filed its 13F with the SEC on Valentine’s day and revealed a huge purchase in shares of Apple Inc (Nasdaq: AAPL). What investors aren’t ...
When a Belgian court ordered a bank to freeze $22.6 billion of assets held in trust for a Kazakhstan sovereign wealth fund (SWF), it set a worrying precedent for other SWFs. The case is one of several brought to courts in Europe by Moldovan businessman Anatolie Stati who is attempting to force the Kazakh government to pay up in a dispute about his energy investments in the oil-rich country. Court rulings imposing asset freezes in Belgium, the Netherlands, Sweden and Luxembourg are significant because they address the issue of whether SWFs should be treated as investment arms of governments, or as independent institutional investors.
BNY Mellon Asset Management North America Chief Economist Vincent Reinhart discusses Fed policy, and talks about the markets and U.S. economy. Reinhart speaks on "Bloomberg Daybreak: Australia." ...
No one person's commentary about the stock market commands quite as much attention as that of Warren Buffett. Should you be following in Buffett's footsteps by buying the same stocks? Let's take a closer look.