The Bank of New York Mellon Corporation (BK)'s CEO Is Very Tech Proficient, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Discussed As He Commented On Big Tech. The Bank of New York Mellon Corporation (NYSE:BK) is one of the stocks Jim Cramer recently discussed.

The Bank of New York Mellon Corporation (NYSE:BK) is one of the largest custodial banks in America. Its shares have gained 28.6% year-to-date and have recovered all losses since President Trump’s Liberation Day tariff announcement. The Bank of New York Mellon Corporation (NYSE:BK) created quite a bit of a splash earlier this month when it became one of the first big banks to dip its toes in the hot stablecoin market. The bank announced that it would have custody of Ripple’s US Dollar-pegged stablecoin to create a foothold for itself in the digital asset market. Cramer commented on The Bank of New York Mellon Corporation (NYSE:BK)’s partnership with Goldman Sachs to offer tokenized money market funds:

“And by the way that’s Robin Vince, that’s one of the most technologically proficient bankers. And he used to work at Goldman. At BNY. And they’re doing a fantastic job. I like him very much.”

Earlier, the CNBC TV host had commented on The Bank of New York Mellon Corporation (NYSE:BK)’s earnings:

“This morning, everybody was focused on the numbers from the big banks, JPMorgan, Wells Fargo, and Citigroup, but they were also watching the report from BNY, and that’s the old Bank of New York Mellon. This is one of the top custodial banks in America. And this morning, BNY reported another strong quarter with easy top and bottom line beats, not to mention a stunning nearly 28% return on something called tangible common equity. That’s one of the best results I’ve ever seen from a bank. BNY even raised its full-year net interest income forecast with the quarter. Very few did that.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.