Latest Developments on Wall Street as Markets Aim for Record-Breaking Highs

Friday, 12 July 2024, 16:11

The S&P 500 is showing a 0.9% gain, putting it on course to surpass its previous all-time high this week. Bank of New York Mellon saw a significant 4.9% increase in value due to stronger-than-expected spring profits. However, the company reported a decline in a crucial profit metric and projected its net interest income to remain at the lower end of its annual forecast range.
Yahoo Finance
Latest Developments on Wall Street as Markets Aim for Record-Breaking Highs

Stock Market Update

The S&P 500 is on the rise by 0.9% amid strong performance.

Bank of New York Mellon

The company surged by 4.9% driven by better-than-expected profits.

Key Metrics

  • Profit metric declined from previous year
  • Net interest income to stay at lower end of forecast range

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe