Tag: $BNY Mellon

BNY Mellon beats profit estimates on boost from higher interest rates

Oct 17 (Reuters) – Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender’s income from loans.

BNY Mellon beats second-quarter profit estimates on higher rates

July 18 (Reuters) – Bank of New York Mellon Corp (BK.N) beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening boosted income earned from interest payments on loans.