Welcome to our dedicated page for Bank New York Mellon news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank New York Mellon stock.
Stay informed about the latest developments at Bank of New York Mellon, the world's largest custody bank and a major provider of investment services. This news feed aggregates press releases, regulatory filings, analyst coverage, and media reports covering BNY's business operations, financial performance, strategic initiatives, and industry developments.
As a Global Systemically Important Bank serving institutional clients worldwide, BNY's activities and announcements can provide insights into broader trends affecting asset managers, pension funds, insurance companies, and other institutional investors. The company's custody operations, which safeguard over $57 trillion in assets, make it a bellwether for institutional investment activity and cross-border capital flows. News about client wins, asset flows, or new service offerings may signal shifts in how institutions are managing their portfolios or accessing financial markets.
BNY's investment management division manages approximately $2 trillion across multiple boutique firms, providing another window into institutional investment trends. Announcements about new investment strategies, acquisitions of boutique managers, or changes in assets under management can reflect evolving client preferences for different asset classes and investment approaches. The company's clearing division, BNY Pershing, serves thousands of broker-dealers and wealth advisors, making news about platform enhancements or client adoption relevant to professionals in the wealth management industry.
The company's treasury services, corporate trust, and collateral management businesses connect BNY to corporate finance activities, bond issuances, repo markets, and payment system developments. News covering these areas may include information about market share in corporate trust mandates, adoption of new payment technologies, or activity levels in securities lending and repo markets. As one of the largest participants in payment systems and Treasury market infrastructure, BNY's operational initiatives and technology investments often reflect broader industry movements toward automation, digitization, and enhanced cybersecurity.
Regulatory developments represent another important news category, as BNY operates under oversight from the Federal Reserve, Office of the Comptroller of the Currency, and international regulators. Announcements related to capital levels, stress test results, regulatory approvals for new activities, or compliance matters provide transparency into how the company manages its regulatory obligations. Industry trends affecting custody banks, such as changes to capital requirements, securities lending regulations, or digital asset frameworks, frequently appear in news coverage of BNY given its leadership position in these markets.
This news feed encompasses quarterly earnings releases, strategic announcements, product launches, technology initiatives, partnerships, leadership appointments, dividend declarations, and other material developments. By following BNY news, investors can track the company's financial health, strategic direction, and competitive position while also gaining perspective on the institutional investment landscape and financial market infrastructure trends.
BNY Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) has completed its planned liquidation on November 25, 2024. The fund was managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024. BNY Investments operates through seven investment firms and is a division of BNY, which oversees $52.1 trillion in assets under custody and/or administration. BNY, established in 1784, is America's oldest bank and operates as The Bank of New York Mellon (NYSE: BK).
BNY High Yield Strategies Fund (NYSE: DHF) has declared a monthly cash dividend of $0.0175 per share from net investment income. The dividend is payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024. The ex-dividend date is December 6, 2024. This dividend amount matches the previous dividend declared in October. The fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.1 trillion in assets as of September 30, 2024.
BNY (NYSE: BK) has been selected by the U.S. Department of the Treasury's Bureau of the Fiscal Service as the financial agent for the Direct Express® prepaid debit card program. The 5-year agreement starts January 3, 2025, serving approximately 3.4 million Americans who receive federal benefits. BNY was chosen for its comprehensive customer service options, including online/digital funds access, bill pay, cardless ATM access, and omni-channel customer support. Mastercard® will continue as the payment network provider, alongside partners Galileo, MoCaFi, Senture, Sunrise Banks, and Ubiquity.
BNY (NYSE: BK) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 15, 2025. The company will post materials to its website at approximately 6:30 a.m. ET, followed by a conference call and simultaneous live audio webcast at 12:00 p.m. ET on the same day.
BNY Alcentra Global Multi-Strategy Credit Fund announced the final results of its oversubscribed quarterly tender offer for up to 2.5% of its outstanding shares. Out of 388,049 shares tendered, the Fund will purchase 44,234 shares at $93.70 per share, with a pro-ration factor of 0.102095000. The Fund also announced tentative dates for 2025 tender offers, with the first quarter offer planned for January 17 - February 14, and second quarter offer for April 17 - May 15, subject to Board approval. The Fund intends to conduct quarterly tender offers for up to 2.5% of outstanding shares, though this is not guaranteed.
BNY (NYSE: BK) has announced the early redemption of its 5.224% Fixed Rate / Floating Rate Callable Senior Bank Notes due November 21, 2025. The redemption involves notes with an aggregate principal amount of $750 million. The redemption will occur on November 21, 2024, with holders receiving 100% of the principal amount plus accrued and unpaid interest. After the redemption date, the notes will cease to be outstanding and will stop accruing interest.
BNY Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) has announced details of its upcoming liquidation, scheduled for November 25, 2024. The Fund's trading on NYSE will continue through November 20, 2024, and suspend before market open on November 21, 2024. While the Fund's original objective was to return $9.835 per share (the original NAV) to shareholders upon termination, management indicates this target will likely not be met under current market conditions. The Fund will deviate from its stated investment strategy as it prepares for liquidation. BNY Investments, managing $2.1 trillion in assets, oversees the Fund through BNY Investment Adviser.
Buenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals mining company, has announced its upcoming Analyst and Investor Day scheduled for December 10, 2024, in New York. The event will feature presentations from the company's senior management team, including the CEO, CFO, and various Vice Presidents overseeing operations, sustainability, business development, projects, and exploration.
The event will commence with breakfast at 9:00 AM ET, followed by presentations at 9:30 AM ET. Pre-registration is required by December 3, 2024, for in-person attendance. Buenaventura operates several mines in Peru and holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant Peruvian copper producer.
BNY (NYSE: BK) has announced its participation in the upcoming Goldman Sachs Financial Services Conference. Chief Executive Officer Robin Vince is scheduled to speak at the event on Wednesday, December 11, 2024, at 10:00 a.m. ET in New York. The presentation may include forward-looking statements about the company's financial outlook and strategic initiatives.
BNY Municipal Bond Infrastructure Fund (NYSE: DMB) has declared a monthly distribution of $0.0300 per share of common stock, maintaining the same rate as October. The distribution is payable on December 2, 2024, to shareholders of record as of November 20, 2024, which is also the ex-dividend date.
The Fund aims to provide regular monthly distributions at a stable rate based on projected performance. BNY Investment Adviser, part of BNY Investments, manages the Fund. BNY Investments oversees $2.1 trillion in assets under management as of September 30, 2024, while its parent company BNY handles $52.1 trillion in assets under custody and/or administration.
FAQ
What is the current stock price of Bank New York Mellon (BK)?
What is the market cap of Bank New York Mellon (BK)?
