Bank of New York Mellon (BK)

A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar.

A potential fed funds rate easing could further amplify their gains in the short-run.

The sector needs to climb another 4% to fully recover its losses after Trump's April 2 tariff announcement.

Q1 earnings season kicked off this morning with 5 of the biggest financials reporting.

BNY Mellon reported strong first-quarter 2025 results, beating earnings and revenue expectations. The company also declared a $0.47 dividend.

BNY reported a 6% year-over-year rise in first-quarter revenue to $4.79 billion, which topped a Wall Street estimate of $4.77 billion, per FinChat data. Adjusted earnings per share came in at $1.58 versus a Street expectation of $1.49.

U.S. stock futures were volatile on Friday after losing steam on Thursday. Futures of major benchmark indices were lower in premarket.

Wall Street braces for a volatile Friday as big bank earnings, inflation data, and consumer sentiment take center stage after a wild week.

According to a Stocktwits poll that received 1,500 votes, 49% of the respondents say they are bearish on bank results in the wake of a slowing economy and falling margins.

Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top S&P500 gainers and losers in today's after hours session.

Major U.S. banks report Q1 2025 results April 11, with analysts watching loan growth, trading revenue, and policy risks.