Bank Of New York, US Bancorp Show Uneven Recovery
Earnings reports from a pair of asset custodians and a superregional bank indicate improvement in the banking sector, but at an uneven pace. Bank of New York Mellon (BK), the world's largest asset management bank, and Northern Trust Corp. (NTRS), a superregional that also has significant assets under management, announced fourth quarter earnings before the market opened Wednesday. US Bancorp (USB), a classic superregional with lending banks mostly
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