Bank Of New York, US Bancorp Show Uneven Recovery
Posted on January 16, 2013 at 13:01 PM EST
Earnings reports from a pair of asset custodians and a superregional bank indicate improvement in the banking sector, but at an uneven pace. Bank of New York Mellon (BK), the world's largest asset management bank, and Northern Trust Corp. (NTRS), a superregional that also has significant assets under management, announced fourth quarter earnings before the market opened Wednesday. US Bancorp (USB), a classic superregional with lending banks mostly