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BNY beats Q3 profit estimates as assets under custody and administration top $50 trillion

UPDATE 1-BNY beats Q3 profit estimates as assets under custody and administration top $50 trillion Compares with estimates in paragraph 1, adds CEO comments from media call in paragraphs 4-5, shares in paragraph 6 By Niket Nishant and Manya Saini Oct 11 (Reuters) - BNY BK.N beat third-quarter profit estimates on Friday, boosted by higher investment services fees as assets under its custody and administration exceeded the $50 trillion mark for the first time.
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BNY Q3 profit rises as assets under custody and administration top $50 trillion

BNY Q3 profit rises as assets under custody and administration top $50 trillion Oct 11 (Reuters) - BNY's BK.N profit jumped 16% in the third quarter on higher investment services fees as assets under its custody and administration exceeded the $50 trillion mark for the first time, the world's largest custodian bank said on Friday. The bank's fees, typically calculated as a percentage of the assets under custody, benefited from a market rally that boosted their value as well as acquisition of new
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U.S. Fox Corp, Smartsheet, Tesla

U.S. RESEARCH ROUNDUP-Fox Corp, Smartsheet, Tesla Sept 25 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Fox Corp, Smartsheet and Tesla, on Wednesday. HIGHLIGHTS * Fortrea Holdings Inc FTRE.O : Jefferies cuts to hold from buy * Fox Corp FOXA.O : CFRA cuts to sell from hold * Hewlett Packard Enterprise CO HPE.N : Barclays raises to overweight from equal-weight * Smartsheet Inc SMAR.N : D.A.
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Bank of Montreal's US wealth management head to retire

MOVES-Bank of Montreal's US wealth management head to retire Sept 24 (Reuters) - Bank of Montreal's BMO.TO Shannon Kennedy has decided to retire after a tenure of over five years, according to a LinkedIn post on Tuesday by Kevin Barnes, bank's private wealth head for North America. Kennedy, in her most recent role, acted as the chief executive of the Canadian lender's U.S.
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Northern Trust Decreases Prime Rate

BRIEF-Northern Trust Decreases Prime Rate Northern Trust Corp NTRS.O : NORTHERN TRUST DECREASES PRIME RATE NORTHERN TRUST CORP - DECREASES PRIME RATE TO 8.00% FROM 8.50% Source text for Eikon: ID:nBw1xr2Rwa Further company coverage: NTRS.O
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