Key Takeaways Major U.S. indexes surged at midday Wednesday after several big banks reported strong quarterly results and a key measure of inflation came in softer than anticipated.Bank of New York Mellon,

The Bank of New York Mellon Corporation (NYSE:BK) shares are trading slightly lower on Thursday. Yesterday, the company reported fourth-quarter 2024 results. The finance behemoth reported fourth-quarter adjusted earnings per share of $1.

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.

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.

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

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,

Bank of New York Mellon, BlackRock, and Goldman Sachs were among the financial firms posting better-than-expected earnings. Tesla shares gained as Barclays analysts raised their price target for ...

Analysts see strong earnings growth for BNY, with improved NII and fee income ... 1.72 (+33% YoY), beating the street view of $1.56. Goldman Sachs: The analyst sees the company’s 2025 and ...

US President-elect Donald Trump’s imminent return to the White House and fading hopes for aggressive interest rate cuts have driven the dollar to

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.

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,