BNY Mellon’s (BK) Revenue Beats Estimates on Investment Fee Growth
Bloomberg - 2024-04-16T10:33:57.929Z

The Bank of New York Mellon Corp. reported first-quarter revenue that topped estimates as the oldest US lender benefited from higher market values and increased client activity.

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Lower volatility in foreign exchange markets also hurt profits. "What we see is really strong underlying underpinnings for the U.S. economy," CEO Robin Vince said, echoing the sentiments of other executives in the finance industry. He warned, however, that geopolitical tensions, uncertainty around the trajectory of interest rates and the United States fiscal deficit could have a destabilizing impact.
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In related news

State Street 1Q Revenue Beats Estimates as Fee Revenue Lifts Topline

BNY Mellon quarterly results top Wall St estimates on higher services fees

Johnson & Johnon’s Q1 profit beats as sales fall slightly short of estimates