The Bank of New York Mellon Corporation (BK) is gearing up to announce its third-quarter 2024 earnings on October 11th. While analysts anticipate year-over-year growth in both revenue and earnings, key factors like net interest revenues and expenses will be closely watched.
The Bank of New York Mellon (BNY) has secured an exemption from the SEC’s controversial SAB 121 rule, allowing it to offer cryptocurrency custody services for exchange-traded product (ETP) clients. This move marks a significant step towards the broader adoption of digital assets by traditional financial institutions.
The BNY Mellon US Mid Cap Core Equity ETF (BKMC) offers investors a passively managed way to gain exposure to the mid-cap blend segment of the US equity market. With low costs, a diversified portfolio, and strong performance, BKMC is a compelling option for long-term investors seeking stable growth potential.
Despite interest rate hikes and market turmoil, Bank of New York Mellon Corporation (BK) has proven its resilience. The bank’s diverse offerings and strong financial performance support an upgrade from hold to buy. Analysts forecast solid earnings growth and dividend increases, while the stock’s technical outlook has improved. Despite potential cyclical risks, BK’s growth trajectory and attractive valuation make it an appealing investment.
