Pb Bankshares, Inc. shares rise 5.52% intraday as BNY reports strong Q1 earnings and profit growth.
ByAinvest
Friday, Apr 11, 2025 1:57 pm ET1min read
PBBK--
Pb Bankshares, Inc. rose 5.52% intraday, with the stock's movement aligning with the positive news from BNY Mellon Corporation, which reported a 17% jump in first-quarter profit, driven by higher assets under custody and increased fee income. The bank's adjusted profit of $1.58 per share exceeded analysts' estimates of $1.51 per share, indicating strong financial performance.
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