NY Mellon Corp is a financial institution that provides services like managing people's money, investing it, and helping them with transactions. They're going to tell us how much money they made in the third quarter of this year (which is July, August, and September). People think they will make more money than last year, which is good. However, they will also tell us how much it cost to run the company, which might be a bit more than last year because they are investing in their business to help it grow. This is what they usually do when the economy is a bit uncertain. We will see how this plays out on October 11th when they announce their results. Read from source...

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Neutral

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These are provided by banks and credit institutions, which are authorized and regulated to provide such services. They are given by professionals who possess knowledge, skills, and experience in managing and investing funds, and have a legal duty to take care of their clients’ best interests.

Execution of transactions: Banks and credit institutions can assist their clients in the buying and selling of securities. They have the necessary expertise to ensure that transactions are carried out efficiently and accurately.

Comprehensive client services: Banks and credit institutions offer a range of services to their clients, including account management, record keeping, and reporting. These services can help clients keep track of their investments and make informed decisions about their financial future.

Regulation and supervision: Banks and credit institutions are subject to strict regulation and supervision by the relevant authorities, which helps to protect the interests of their clients.

Overall, banks and credit institutions can provide comprehensive investment services to their clients, including the provision of investment advice and the execution of transactions.