Information Provided By:
Fly News Breaks for September 1, 2015
BK
Sep 1, 2015 | 08:08 EDT
Morgan Stanley said the selloff in BNY Mellon shares is likely due to investor concerns over NAV calculation delays and commentary on the August 30 conference call that the cause of the error remained unknown. The firm believes the situation is contained as the company reported they had completed production of system generated NAVs for ETF and mutual fund clients through Friday's close. Morgan Stanley expects the system cleanup and recompense costs to be immaterial and reiterates its Overweight rating on shares.
News For BK From the Last 2 Days
There are no results for your query BK