Northern Trust Merger Report; Exxon Higher; Hims & Hers Slides
On this episode of Stock Movers:- Northern Trust (NTRS) shares are higher this morning on a WSJ report that Bank of New York Mellon approached it to express interest in a possible merger, which would be a megadeal for the US financial services industry. A tie-up would bring together two of the largest custodian banks in the world, with a combined entity's scale that would help it compete with global asset managers like BlackRock Inc. and Vanguard. BNY has been in the midst of an overhaul aimed at cutting costs and streamlining the institution, and a merger with Northern Trust could help cut…
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