Wells Fargo analyst Mike Mayo raised the firm’s price target on BNY Mellon (BK) to $86 from $82 and keeps an Equal Weight rating on the shares.

Bank of New York Mellon (NYSE:BK – Get Free Report) had its target price increased by research analysts at Wells Fargo & Company from $82.00 to $86.00 in a research report issued to clients and ...

Shares of Bank of New York Mellon Corp (BNY) rose 4.7% on Wednesday after the bank beat Wall Street estimates for fourth-quarter earnings, driven by higher fee revenue. The lender reported adjusted earnings of $1.

U.S. stocks were higher, with the Dow Jones index gaining over 650 points on Wednesday. Shares of Citigroup Inc. C rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and announced a $20 billion buyback.

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.

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.

Here are some of the biggest premarket US stock movers today: Goldman Sachs (NYSE: GS) stock rose 2.2% after the investment bank’s profit more than doubled in the fourth quarter, driven by strong reading results.

Global markets showed marginal gains ahead of U.S. consumer price data that could potentially shift the monetary policy outlook, while investors waited to see if earnings of big banks would match sky-high expectations. Wall Street futures were in positive territory after a mixed close yesterday.

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BNY Mellon announced the closure of its Wexford office. Pic: Jim Campbell Wexford has been dealt a major blow on Tuesday with news that global employer BNY Mellon is to close its office in the town.