Bank of New York Mellon Corp. provided additional strength to financial stocks as the firm posted record 2024 revenue of $18.6 billion and delivered better-than-expected fourth-quarter results. "We enter 2025 with strong momentum,

Morgan Stanley (MS) and Bank of America (BAC) are scheduled to announce quarterly results on July 16. What to watch for:Stay Ahead of the

JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

BNY's investment and wealth management unit reported $2 trillion in assets under management as of Dec. 31, up 3% year-over-year but down 5% from the previous quarter. The year-over-year increase primarily reflected “higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar,” according to a Jan. 15 earnings release.

Bank of New York Mellon (BK) shares surged 5.5% after reporting strong Q4 results with record net income and revenue, beating analyst estimates.

Investors in bank stocks keep getting rewarded. For now. Big banks reported strong fourth-quarter and full-year financial results on Wednesday. The KBW Nasdaq Bank Index saw its largest gain since the day after the presidential election.

BNY posts strong Q4 earnings, analysts boost EPS estimates, highlight solid NII, fee growth potential, and strategic investments.

Non-interest expenses fell 16%. Bank of New York Mellon (BK), or BNY, shares advanced 6% Wednesday morning as the financial firm posted better-than-expected results on higher fee revenue and lower ...

The delay also follows UK government pressure to ease regulatory burdens and stimulate economic growth. Prime Minister Sir Keir Starmer has previously promised to “rip up the bureaucracy that blocks investment”, while chancellor Rachel Reeves is currently urging regulators to support UK competitiveness.

Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.

BK's fourth-quarter earnings top estimates on the back of higher fee income and robust AUM and AUC growth. A rise in NII and lower provisions act as tailwinds.

In day two of Big Bank 4Q earnings, Bank of America (BofA) and Morgan Stanley reported strong results, exceeding analysts' expectations and doubling their profits compared to the same period last year,