BNY Mellon Tumbles Most Since 2015; CEO Warns of Yield-Curve Woe
(Bloomberg) -- Bank of New York Mellon shares tumbled as much as 8.8 percent in early Wednesday trading, the most since August 2015. Earlier, the bank reported earnings per share, net interest margin and revenues that missed analysts’ expectations, and Chief Executive Officer Charlie Scharf warned the yield curve would hurt revenue for several quarters to come.