Wall St. pauses rally as utilities, industrials fall
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
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
