Here's Why Bank of New York Mellon Welcomes Rising Rates

Here's Why Bank of New York Mellon Welcomes Rising Rates

It's still early in the year, but it's already looking like the biggest economic impact in 2022 will be related to the actions of the Federal Reserve. While rate hikes are generally bad news for many stocks, one stock in particular looks to potentially benefit: Bank of New York Mellon (NYSE: BK). Bank of New York has a business model that is quite different than other big banks.