$BNY

Shares of SoFi, BNY Mellon, Bread Financial, Perella Weinberg, and Morgan Stanley fell after September consumer price inflation data showed a 3.7% annual increase, raising Fed rate hike concerns. SoFi dropped 6.9%, BNY Mellon 3%, Bread Financial 3%, Perella Weinberg 4.2%, and Morgan Stanley 3.3%. SoFi reported Q1 revenue of $1.1B, up 42.8% YoY, but guidance missed estimates, leading to a 13.5% drop six months ago.

Citadel Securities and BNY Mellon completed the first tokenized US Treasury transaction on a major repo platform, using a two-year Treasury note as collateral. The transaction settled in minutes, faster than the conventional T+1 cycle. BNY aims to expand digital cash and tokenized deposit capabilities, potentially extending trading hours to European and Asian markets in 2027.

BNY Mellon expanded its digital asset custody platform in Europe under the MiCA framework, offering regulated crypto custody services to institutional clients. The bank's European entity was registered with ESMA in July 2026. BNY's platform supports Bitcoin, Ethereum, Solana, and USDC, with plans to add more assets. The move follows similar expansions by ICE and Standard Chartered, reflecting growing institutional demand for crypto custody services.

BNY Mellon included XRP in its corporate payments strategy, according to a report. The bank collaborates with Ripple Labs to enable 24/7 real-time payments via stablecoins and XRP. BNY Mellon is the primary reserve custodian for Ripple USD (RLUSD), a stablecoin launched for corporate payments. The report does not confirm active use of XRP for transactions, leaving room for interpretation.

Several major companies, including Dell, Goldman Sachs, Micron, and others, have pledged to match the $1,000 government contribution to Trump Accounts for their employees' children. The accounts, launched on July 4, aim to help children grow wealth and are supported by both public and private contributions. Companies can contribute up to $2,500 per year under the law.

TD Cowen reinstated coverage on Bank of New York Mellon (BNY) with a Hold rating and $160 price target. BNY offers a 1.53% dividend yield, 25% payout ratio, and 12.1% 3-year dividend growth. GuruFocus values BNY at $103.37, below its current $142.72 price. Insiders sold $12.6M in shares over the past year. BNY's GF Score is 81/100, with strengths in growth and momentum but weaknesses in valuation and financial strength.

BNY Mellon (BK) won a £11bn depositary and custody services mandate from Valu-Trac, covering nearly 100 funds. Valu-Trac is transitioning from its previous arrangement with NatWest and CACEIS.

BMO Capital reduced its price target for Bank of New York Mellon to $160 from $184 but maintained an outperform rating. The bank's stock is currently trading at $143.75, down 1.13% over 5 days and 3.16% over a year, but up 23.83% since January 1st.

BNY Mellon (BK) is in talks with Payward, parent of crypto exchange Kraken, for a potential partnership covering digital assets, custody, trading, and payments. The deal could mirror Payward's recent Nasdaq (NDAQ) agreement. Both companies declined to comment. Payward is also planning an IPO for 2027.

JPMorgan raised its price target for Bank of New York Mellon to $161 from $159, maintaining an 'overweight' rating. The stock has a 5-day change of -0.49%, a 1st Jan change of -4.17%, and a 23.97% increase over a longer period.