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Analyst attention around Bank of New York Mellon Corporation (BNY) has picked up as the October 15 earnings date approaches, with expectations for higher revenue and profit along with fresh scrutiny after a recent US$500 million share offering. Recent trading has cooled a bit, with the share price down 11.8% over the…
Wedmont Private Capital raised its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 88.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,766 shares of the bank
Bank of New York Mellon Corporation has delivered a very strong run over the past few years, yet the recent pullback puts a fresh spotlight on whether that track record is supported by the returns it earns on its capital. With the share price now reacting to new capital raising and business developments, the key issue…