Wall St. pauses rally as utilities, industrials fall
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UPDATE: BNY Mellon (BK) Announces Launch of FX Prime Brokerage Service
January 22, 2018 11:58 AM EST(Updated - January 22, 2018 11:59 AM EST)
BNY Mellon (NYSE: BK) has announced plans to address the increasingly complex and capital-constrained FX market by launching a prime brokerage service for its institutional clients. The service will launch in early 2018 and allow participants to more efficiently trade, finance and margin their FX through BNY Mellon, a highly-rated counterparty that oversees more than $33.3 trillion* of assets under custody.
The initiative will add a new... More
UPDATE: Bank of New York Mellon (BK) PT Cut to $64 at Deutsche Bank; 'Selloff Appears Overdone... Good Buying Opportunity'
January 19, 2018 6:53 AM EST(Updated - January 19, 2018 6:54 AM EST)
Deutsche Bank cut its price target on Bank of New York Mellon (NYSE: BK) to $64.00 (from $66.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.
Analyst Brian Biedell notes an increased price... More
