Morningstar

Financials Up After Earnings — Financials ROundup

Provided by Dow Jones

Shares of banks and other financial institutions rose after another round of strong earnings.

Bank of New York Mellon shares rose after the custodial bank and asset manager logged brisk third-quarter earnings growth, citing higher fees and interest income, even as executives flagged an uneven operating environment.

Charles Schwab logged earnings growth, as the brokerage firm's customers added billions of dollars to their accounts and used Schwab's lending and wealth management services.

Customers are shying away from doing business with a unit in billionaire sports-team owner Mark Walter's financial-services empire, Guggenheim Treasury Services, which forms part of the plumbing of the U.S. financial system, The Wall Street Journal reported. 




  Write to Rob Curran at rob.curran@dowjones.com 



  (END) Dow Jones Newswires



  October 15, 2026 17:47 ET (21:47 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

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