Bank New York Mellon Corp Stock Price, News & Analysis

BNY (NYSE: BK) has announced the pricing of a $500 million public offering of depositary shares, each representing a 1/100th interest in Series J Noncumulative Perpetual Preferred Stock. The shares are priced at $1,000 per depositary share, with a liquidation preference of $100,000 per preferred stock share.

The Series J preferred stock will pay dividends at a 6.300% annual rate until March 20, 2030, after which the rate will adjust to the five-year treasury rate plus 2.297%. The stock may be redeemed at BNY's option on March 20, 2030, or any dividend payment date thereafter. The offering, led by multiple joint book-running managers including Deutsche Bank Securities and Goldman Sachs, is expected to close on March 10, 2025.

The company plans to use the net proceeds for general corporate purposes.

BNY Alcentra Global Multi-Strategy Credit Fund (XALCX) has announced a distribution of $2.00 per share of common stock, payable on April 1, 2025, to shareholders of record as of March 13, 2025. This follows previous distributions in December, which included a quarterly distribution of $2.00 and a special year-end distribution of $5.85 per share.

The Fund aims to distribute net investment income quarterly, with flexibility to distribute less than the total earned amount to maintain stable distributions. Distribution rates are influenced by factors including asset mix, portfolio maturity, hedging strategies, and market conditions. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets as of December 31, 2024.

BNY High Yield Strategies Fund (NYSE: DHF) has announced its monthly dividend declaration. The fund will distribute $0.0175 per share, maintaining the same amount as the previous month's dividend. The dividend is payable on April 1, 2025, to shareholders of record as of March 11, 2025, which is also the ex-dividend date.

The fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets as of December 31, 2024. The parent company, BNY, oversees $52.1 trillion in assets under custody and/or administration, offering comprehensive solutions for capital markets worldwide.

BNY (NYSE: BK) has announced it will release its first quarter 2025 financial results on Friday, April 11, 2025. The financial materials will be posted on the company's website at approximately 6:30 a.m. ET, followed by a conference call and live audio webcast at 11:00 a.m. ET.

Investors and analysts can access the conference call by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) using passcode: 200200. The earnings release, quarterly update presentation, and related documents will be available on BNY's investor relations website. An archived version of the conference call will be accessible from April 11, 2025, at 3:00 p.m. ET through May 9, 2025.

Buenaventura (NYSE: BVN) reported strong financial results for Q4 and full-year 2024. Q4 EBITDA from direct operations reached US$ 93.4 million, up from US$ 74.0 million in Q4 2023. Full-year EBITDA excluding the Chaupiloma Royalty Company sale was US$ 431.2 million, significantly higher than US$ 199.2 million in 2023.

The company reported Q4 net income of US$ 33.6 million, compared to a US$ 9.8 million loss in Q4 2023. Full-year net income reached US$ 402.7 million, including the Chaupiloma sale. The company ended 2024 with a cash position of US$ 478.4 million and total net debt of US$ 148.3 million.

Production results showed mixed performance with decreases in silver, zinc, lead, and gold output, while copper production increased by 5% YoY. The company received US$ 166.5 million in dividends from Cerro Verde in 2024 and proposed a dividend of US$ 0.2922 per share/ADS.

BNY Alcentra Global Multi-Strategy Credit Fund announced the final results of its oversubscribed quarterly tender offer for up to 2.5% of the Fund's issued and outstanding shares. The tender offer expired on February 18, 2025, and due to oversubscription, shares will be purchased from tendering shareholders on a pro rata basis, after accepting all shares from shareholders who own less than 100 shares and tendered all their holdings.

The purchase price equals 100% of the Fund's net asset value per Share as of December 31, 2024. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets. BNY has $52.1 trillion in assets under custody/administration as of December 31, 2024.

Cantilever Group has appointed Liz Robinson to its Advisory Board, bringing significant financial services expertise from her 26-year career at Goldman Sachs. During her time at Goldman Sachs, Robinson served as Global Treasurer and Partner, managing the firm's liquidity risk, balance sheet, and capital while co-chairing the Finance Committee and Firmwide Capital Committee.

Robinson currently serves on the boards of The Bank of New York Mellon (NYSE: BK) and The Travelers Companies. Her board experience extends to educational and healthcare institutions, having served as Chairman of the Board of Williams College and as a Trustee for St. Luke's University Health Network and Blair Academy. She holds a degree from Williams College and an MBA from Columbia University's Executive MBA Program.

BNY (NYSE: BK) has announced that Chief Financial Officer Dermot McDonogh will be speaking at the RBC Capital Markets Global Financial Institutions Conference in New York. The presentation is scheduled for March 4, 2025, at 2:00 p.m. ET.

The discussion may include forward-looking statements and material information. Investors can access a live webcast of the audio portion through BNY's investor relations website. An archived version of the presentation will be available approximately 24 hours after the live event and will remain accessible until April 4, 2025.

Buenaventura (NYSE: BVN) has released its Q4 2024 production results and 2025 guidance. Key highlights include:

Total gold production reached 39,362 ounces in Q4 2024, with annual production of 148,683 ounces. Silver production totaled 3.96M ounces in Q4, with annual production of 15.48M ounces. The company produced 14,191 metric tons of copper in Q4, reaching 56,525 metric tons for the full year.

For 2025, Buenaventura projects gold production guidance of 108.5k-129.5k ounces and silver production of 13.8M-15.7M ounces. Notable operational updates include Tambomayo expecting a 40% decrease in throughput, Orcopampa projecting a 45% reduction in annual throughput, and El Brocal achieving 12,500 tpd in underground mining. The San Gabriel project remains on track for production initiation in Q4 2025.

Average realized prices in Q4 2024 were $2,641/oz for gold, $31.17/oz for silver, and $8,883/MT for copper.