Bank of New York Mellon continues to benefit from an environment of higher interest rates, with the bank being the latest lender to beat earnings expectations amid a surge in net interest revenue.
Shares in the bank advanced 0.5% in premarket trading on Tuesday, paring gains after the stock initially jumped more than 2%.
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Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
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