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BUZZ-BNY gains after Q4 profit beat

ReutersJan 15, 2025 4:35 PM

** Shares of BNY BK.N rise 6.3% to $80.77; stock among the top performers in the S&P 500 index .SPX

** BNY beats profit estimates for fourth quarter on higher investment services fees

** Total fee revenue rises 9% to $3.51 billion in the reported quarter from a year earlier

** On an adjusted basis, BK reports a profit of $1.72 per share in Q4, comfortably beating analysts' expectation of $1.56 per share - LSEG

** Stock rose 47.6% in 2024

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))

Disclaimer: For information purposes only. Past performance is not indicative of future results.