Welcome to our dedicated page for The Bank of New York Mellon Corporation news (Ticker: $BK), a resource for investors and traders seeking the latest updates and insights on The Bank of New York Mellon Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Bank of New York Mellon Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Bank of New York Mellon Corporation's position in the market.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) for BNY Trade Insurance and The Hamilton Insurance Corp. The outlook for these ratings is stable. BNY Trade’s balance sheet strength is assessed as the strongest, supported by risk-adjusted capitalization at the strongest level, excellent liquidity, and consistent net profits over the past five years. Hamilton’s balance sheet is assessed as very strong, with strong liquidity measures exceeding industry averages and support from its parent company, BNY Mellon. Both companies show strong operating performance with favorable combined ratios and low expense structures.
BNY Mellon Investment Adviser announced monthly distributions for BNY Mellon Strategic Municipal Bond Fund (DSM) and BNY Mellon Strategic Municipals (LEO). The distributions are $0.018 per share for DSM and $0.019 per share for LEO, payable on June 28, 2024, to shareholders of record on June 14, 2024, with an ex-dividend date of June 14, 2024.
BNY Mellon Investment Management, managing $2.0 trillion in assets, is a division of BNY Mellon, holding $48.8 trillion in assets under custody as of March 31, 2024. BNY Mellon, established in 1784, offers comprehensive financial services globally, trading closed-end funds on secondary markets.
Behavox announced its Q1 2024 financial results, reporting a 51% increase in revenue and marking its second consecutive quarter of profitability. The growth is driven by high demand for its AI-driven compliance solutions, particularly the Quantum AI product.
Major deals with BNY Mellon, Vitol, and Evercore, as well as successful implementation with Brevan Howard, have bolstered the company's revenue. Behavox aims for 20% operating margins by 2025 while continuing to invest in AI research.
The company's financial stability is underscored by its ongoing investment in cutting-edge AI technology, contributing to higher model accuracy and broader risk coverage.
On May 23, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund (XALCX) announced a distribution of $2.00 per share of common stock. This distribution is payable on June 24, 2024, to shareholders recorded by the close of business on June 7, 2024, which is also the ex-dividend date. The Fund aims to maintain quarterly distributions, reflecting its net investment income and broader market conditions. Managed under normal market conditions, the Fund's earnings depend on its asset mix, portfolio maturity, and hedging practices. BNY Mellon Investment Management, a division of BNY Mellon, oversees the Fund, managing $2.0 trillion in assets as of March 31, 2024.
On May 22, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) announced a monthly distribution of $0.035 per share, payable on June 21, 2024, to shareholders of record as of June 6, 2024. The ex-dividend date is June 6, 2024. This distribution matches the amount declared in April 2024. The Fund plans to distribute most of its net income in monthly dividends, though this could change based on market conditions and Board decisions. BNY Mellon Investment Management, the Fund's adviser, manages $2.0 trillion in assets as of March 31, 2024. BNY Mellon manages a total of $48.8 trillion in assets under custody/administration. Notably, the Fund's performance and share value can fluctuate, and there is no guarantee of achieving its investment objectives.
Buenaventura (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, has announced a voluntary, temporary suspension of its El Brocal processing plant facilities. The suspension follows an unauthorized entry by a small group from the nearby Huaraucaca Community onto the property. Despite this, underground mining operations remain unaffected, with ore stockpiled for later processing. Buenaventura is confident that it will reach a peaceful resolution with the community through ongoing dialogue. The company's primary focus remains on the safety of its employees and facilities.
On May 21, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0175 per share, payable on June 20, 2024, to shareholders of record as of June 5, 2024. The ex-dividend date is also June 5, 2024. This dividend amount remains unchanged from the previous month's dividend in April. BNY Mellon Investment Adviser, part of BNY Mellon Investment Management, oversees the fund. As of March 31, 2024, BNY Mellon Investment Management manages $2.0 trillion in assets, while BNY Mellon, established in 1784, holds $48.8 trillion in assets under custody and administration.
The Bank of New York Mellon (NYSE: BK) announced that it will reveal its second quarter 2024 financial results on July 12, 2024. The results will be made available on their website at around 6:30 a.m. ET, followed by a management-hosted conference call and live audio webcast at 9:30 a.m. ET the same day. Investors and stakeholders can access these materials and participate in the webcast for detailed insights into the company's performance.
BNY Mellon (NYSE: BK) has announced that its Chief Financial Officer, Dermot McDonogh, will speak at the Goldman Sachs European Financials Conference on June 6, 2024. The event in Madrid, Spain, will start at 3:00 p.m. CEST (9:00 a.m. ET).
BNY Mellon Alcentra Global Multi-Strategy Credit Fund announced the final results of its quarterly tender offer for 2.5% of its issued shares. The offer, which expired on May 14, 2024, was oversubscribed. Consequently, shares will be purchased on a pro-rata basis at a price of $91.43 per share, equivalent to the Fund's net asset value as of March 31, 2024. A total of 388,170 shares were tendered, and 46,530 shares will be bought back, resulting in a pro-ration factor of 0.120521. The Fund is part of BNY Mellon Investment Management, which manages $2.0 trillion in assets. Further details and documents can be obtained from Georgeson or the SEC's website.
