Bank Of New York Mellon Stock News

Gateway Investment Advisers LLC trimmed its position in The Bank of New York Mellon Co. (NYSE:BK) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,905 shares of the banks stock after selling 196 shares during the period. Gateway []

Morgan Stanley lowered shares of Bank of New York Mellon (NYSE:BK) from an equal weight rating to an underweight rating in a research report sent to investors on Monday, Price Targets.com reports. The brokerage currently has $59.00 target price on the banks stock, up from their previous target price of $56.00. BK has been the []

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The company has a stable fee-based business model and the ability to generate consistent revenue.

BlackRock says changes are meant to reinforce and diversify iShares'' operational foundation.

BNY Mellon Investment Management has announced in a press release the launch of its newest fund, the BNY Mellon Concentrated International ETF (BKCI). The fund is sub-advised by Walter Scott & Partners Limited, a subsidiary of BNY Mellon and a specialist in global equity. The fund is actively managed and fully transparent and offers high [] The post BNY Mellons Newest ETF Offers Active International Equity Exposure appeared first on ETF Trends .

Jefferies analyst Ken Usdin reiterated a buy rating on State Street Corp. on Wednesday and said the retention of 15% of Black Rock Inc.''s ETF servicing business is a positive for the company. State Street revealed in filings earlier this year that it would lose a chunk of its ETF servicing business from BlackRock. BlackRock has now finalized its new structure with Citigroup Inc. handling 40% of the $2.3 trillion ETF business, JPMorgan Chase & Co. handling 30%; also Bank of New York Mellon Corp. and State Street with 15% each. "We see this as a win for everyone, with the loss well-telegraphed for STT but the retention of 15% a positive, as are the new wins for the others in a fast-growing asset class," Usdin said. Usdin said Jefferies has already subtracted $150 million in revenue from its models, but the actual figure could be about $160 million given asset value growth. Shares of State Street fell 0.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

BlackRock anticipates decades of growth for iShares and the ETF industry,

BNY Mellon, Citi and JP Morgan to service BlackRocks ETF assets alongside incumbent custodian State Street as asset management giant diversifies its service providers. The post BlackRock splits ETF assets among the big four custodians dealing huge blow to State Street appeared first on Global Custodian The Leading quarterly magazine covering the international securities services industry .

Equities analysts forecast that The Bank of New York Mellon Co. (NYSE:BK) will report $3.95 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Bank of New York Mellons earnings, with the lowest sales estimate coming in at $3.94 billion and the highest estimate coming []

NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) today announced that it has entered into agreements with BNY Mellon (NYSE: BK), Citi (NYSE: C), and JP Morgan (NYSE: JPM) to join State Street (NYSE: STT) as post-trade service providers for iShares $2.3 trillion in U.S.-domiciled exchanged traded funds (ETFs).1 The announcement culminates a nearly two year-long due diligence process with the selection of several world-class financial institutions to support the growth of U.S. iShares ETFs and s

BNY Mellon's (BK) Pershing signs agreement to acquire direct indexing solutions provider Optimal Asset Management.