On Tuesday, Shares of Bank of New York Mellon Corp (NYSE:BK), lost -0.09% to $43.63.
Financial services providers were given a stark warning about their failure to engage with millennials in a new study by BNY Mellon and a team of students from Cambridge Judge Business School, University of Cambridge.
BNY Mellon, worked with the Cambridge team to explore millennials’ understanding of the financial choices available to them; their educational and product needs; and their attitudes to social finance. The report is entitled Generation Lost: Engaging Millennials with Retirement Saving.
The report surveyed millennials (those born between 1980 and the turn of the century) across six key markets - Australia, Brazil, Japan, the Netherlands, the UK and the US. The researchers engaged with a broad range of millennial populations: in emerging and emerged markets; in countries with a collective approach to retirement and those relying on a unit-linked system; and those with access to compulsory and voluntary pension schemes.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Shares of Invesco Ltd. (NYSE:IVZ), declined -1.41% to $32.97, during its last trading session.
Invesco Ltd., stated preliminary month-end assets under administration (AUM) of $791.3 billion, an improvement of 4.7% month over month. The improvement was driven by favorable market returns, an improvement in money market AUM, net long-term inflows, and foreign exchange. FX raised AUM by $1.1 billion. Preliminary average total AUM for the quarter through October 31 were $781.6 billion, and preliminary average active AUM for the quarter through October 31 were $644.5 billion.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
Finally, Shares of Baker Hughes Incorporated (NYSE:BHI), ended its last trade with -3.54% loss, and closed at $49.83.
Baker Hughes Incorporated, declared that the international rig count for October 2015 was 1,111, down 29 from the 1,140 counted in September 2015, and down 197 from the 1,308 counted in October 2014. The international offshore rig count for October 2015 was 270, up 2 from the 268 counted in September 2015, and down 56 from the 326 counted in October 2014.
The average U.S. rig count for October 2015 was 791, down 57 from the 848 counted in September 2015, and down 1,134 from the 1,925 counted in October 2014. The average Canadian rig count for October 2015 was 184, up 1 from the 183 counted in September 2015, and down 240 from the 424 counted in October 2014.
The worldwide rig count for October 2015 was 2,086, down 85 from the 2,171 counted in September 2015, and down 1,571 from the 3,657 counted in October 2014.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.