Bank New York Mellon Corp Stock Price, News & Analysis

BNY Mellon announced the redemption of all Floating Rate Senior Notes due October 30, 2023, totaling $750 million. The redemption will occur on October 30, 2022, with the redemption price set at 100% of the principal plus any accrued interest. Following this date, the notes will cease to be outstanding and will no longer accrue interest. This redemption is part of BNY Mellon's management of its financial obligations.

Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) will hold its Third Quarter 2022 earnings call on October 28, 2022, at 11:00 AM ET. The results will be announced on October 27, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Buenaventura is Peru's largest publicly traded precious metals company, engaged in mining and processing gold and silver. The company owns several mines in Peru and holds a significant stake in Sociedad Minera Cerro Verde, a leading copper producer.

On October 17, 2022, BNY Mellon (NYSE: BK) announced a quarterly dividend of $0.37 per share on common stock, payable on November 10, 2022, to shareholders recorded by October 27, 2022. Additionally, dividends for preferred stock for the period ending December 2022 were declared, with notable amounts including $1,044.05 for Series A, $2,250.00 for Series D, $925.00 for Series H, and $937.50 for Series I, all payable on December 20, 2022.

BNY Mellon announced its third quarter 2022 financial results on October 17, 2022. The company reported a total of $42.2 trillion in assets under custody and/or administration and $1.8 trillion in assets under management as of September 30, 2022. Investors can access the earnings release and participate in a conference call today at 8 a.m. ET. Replays of the call will be available from October 17 to November 17, 2022. For more details, visit www.bnymellon.com/investorrelations.

BNY Mellon has launched its Digital Asset Custody platform in the U.S., allowing select clients to hold and transfer bitcoin and ether. This initiative aims to meet rising demand for both traditional and digital asset services. Founded over 238 years ago, BNY Mellon plans to establish a multi-asset platform that integrates digital and traditional custody solutions. A recent survey indicates 91% of institutional investors are interested in tokenized products, with 41% already holding cryptocurrency. The bank collaborates with fintech specialists like Fireblocks and Chainalysis to enhance security and compliance.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has reported its 3Q22 production results, reflecting robust operations across multiple metals. Gold production increased from 17,749 ounces in 2Q22 to 20,164 ounces in 3Q22 for Orcopampa. Overall, the company's updated guidance suggests a total gold production target of between 70,000 to 75,000 ounces for 2022. Silver and zinc also saw steady production, with El Brocal producing 813,272 ounces of silver in 3Q22. The outlook remains positive, with projected increases across several metal categories.

BNY Mellon, in partnership with Aite-Novarica Group, released a report titled The Forces Disrupting Payments, which highlights the disintermediation trend affecting banks as businesses increasingly turn to fintech providers for payment solutions. The survey revealed that 62% of businesses are already working with fintechs, while only a third feel their banks understand their payment needs. However, businesses prefer partnering with banks rather than relying on fintechs directly. The report underscores significant investments by 87% of businesses in payment technology, indicating growth opportunities for both fintechs and financial institutions.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced a quarterly tender offer for 2.5% of its outstanding shares as of September 30, 2022. The tender offer will commence on October 14, 2022, and expire on November 14, 2022, at 5:00 p.m. ET, unless extended. Shareholders will receive detailed Offer Documents, including a tender offer statement, through SEC filings. The Fund, managed by BNY Mellon Investment Adviser, is a closed-end management investment company with $1.9 trillion in assets under management from BNY Mellon Investment Management.

BNY Mellon, in collaboration with Aite-Novarica Group, released a report on commercial payment trends highlighting the growth of digital payment tools such as real-time payments (RTP) and digital wallets. The study reveals regional differences in payment channel adoption, with a forecasted increase in instant payments in the U.S. and Europe. Key findings include that 67% of European corporations are using instant payments, while 10% of North American businesses plan to adopt cryptocurrencies soon. BNY Mellon positions itself as a gateway for businesses to access diverse payment solutions.