News Formal

BNY quarterly profit rises on investment service fee boost

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Custodian Bank Nouvelles

Investment Service,Net Profit,Assets Under Management

The bank's assets under management (AUM) climbed 7% to $2.05 trillion from a year earlier, as more investors aimed to gain from a rally in the U.S. markets, ...

- 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

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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....
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

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.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

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 ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

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.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »