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How Would BNY Mellon's Dismissal From The Argentina Debt Deal Impact The Stock?
- Argentinean investors have found themselves in a bit of a fix after the country has defaulted on payments worth $539 million to its bondholders.
- BNY Mellon continues to face pressure from a number of hedge funds who invested in Argentine bonds.
- Citigroup Inc is in line to make it as another potential target of this dispute between the Argentine government and its bondholders.
There are no Transcripts on BNY.
Fri, Dec. 5, 10:06 AM
- Among those counting on higher interest rates to boost profits are banks, insurers, and online brokers, and all are outliers to the upside in today's session after a strong November jobs report has rate hike expectations on the rise. The XLF is up 1%.
- TBTFs: Bank of America (BAC +2.1%), Citigroup (C +1.8%), JPMorgan (JPM +2.2%), Wells Fargo (WFC +1.2%)
- Regionals (KRE +1.9%): Regions Financial (RF +2.6%), KeyCorp (KEY +2.3%), Huntington (HBAN +1.5%), BB&T (BBT +1.6%), Zions (ZION +4%)
- Custodials: BNY Mellon (BNY), State Street (STT +1.6%), Northern Trust (NTRS +1.8%)
- Life insurers: MetLife (MET +2.1%), Prudential (PRU +2.5%), Lincoln National (LNC +2.3%)
- Online brokers: Schwab (SCHW +3.8%), E*Trade (ETFC +3%), Ameritrade (AMTD +2.7%)
- Previously: Short end of yield curve on the move after jobs number (Dec. 5, 2014)
- Previously: Bonds and dollar higher, gold slumps after strong jobs report (Dec. 5, 2014)
- ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, KIE, IAT, IAI, SEF, IYG, IAK, FXO, FNCL, KBWB, RKH, QABA, FINU, KRU, RWW, KBWR, RYF, KBWP, KBWI, PSCF, FINZ, KRS
BNY vs. ETF Alternatives
To provide current income exempt from regular Federal income tax, New York State and New York City income taxes. At least 80% of its total assets will be invested in investment grade municipal bonds, or bonds that are unrated but judged to be of comparable
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