BNY quarterly profit rises on investment service fee boost

- BNY posted a 10% rise in second-quarter net profit on Friday, as higher investment service fees more than offset the world's largest custodian bank's lower interest income.

The benchmark S&P 500 index rose about 11% in the last three months on hopes of a soft landing for the economy. BNY's net income for the second quarter rose to $1.14 billion, or $1.52 per share, from $1.04 billion, or $1.31 per share, a year earlier, while revenue rose 2% to $4.6 billion. Kevin O'Leary says court ruling will have 'major impact' on energy sector — how to get in on the actionA Dividend Giant I’d Buy Over Fortis Stock

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Estate planning for business owners: The keys to successBNY Mellon Wealth Management Tax and Estate Planning Strategist Jere Doyle joins Wealth! to break down how business owners can best navigate estate planning....
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Stocks extend record-setting rally, Tesla rises ahead of Musk pay decisionInvestors are continuing to weigh signs of cooling inflation and a hawkish shift in the Fed's view on rate cuts.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Broadcom stock rises ahead of its Q2 earningsShares of Broadcom (AVGO) are trading higher as the company is set to report its second quarter earnings after the closing bell on Wednesday afternoon. Citi ...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Oil price news: Oil rises after industry data points to lower U.S. stockpilesOil extended gains after industry data pointed to shrinking U.S. crude stockpiles ahead of a government report.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »