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BNY profit beats on higher interest income
July 16, 2025
|Gulf Today
BNY beat Wall Street's profit estimates on Tuesday as the world's largest custodian bank benefited from higher interest income and fee revenue.
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A late-quarter rally driven by hopes of trade deals and possible rate cuts lifted major US indexes and improved sentiment. Shifting US tariff policies and mounting geopolitical tensions had whipsawed the markets earlier in the quarter.
BNY is revamping its business to offer more products, CEO Robin Vince said in a media call.
“This is really a representation of the transformation that we're making in the company,” he said.
هذه القصة من طبعة July 16, 2025 من Gulf Today.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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