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.
On April 26, 2023, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of
BNY Mellon (NYSE: BK) announced its financial results for the first quarter of 2023, revealing significant metrics. As of March 31, 2023, the company managed $46.6 trillion in assets under custody and/or administration and $1.9 trillion in assets under management. Management will host a conference call and audio webcast today at 10:30 a.m. ET to discuss these results and any forward-looking statements. Investors can access the call by calling +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) using the passcode 200200. A replay will be available from 2 p.m. ET on April 18, through May 18, 2023.
The company, the oldest bank in America, continues to provide comprehensive solutions for managing financial assets throughout the investment life cycle.
BNY Mellon (NYSE: BK) has declared a quarterly common stock dividend of $0.37 per share, payable on May 11, 2023, to shareholders of record as of April 28, 2023. Additionally, dividends for its preferred stock include $1,412.60 for Series A, $2,250.00 for Series D, $925.00 for Series H, and $937.50 for Series I, all payable on June 20, 2023. The record date for these preferred dividends is June 5, 2023. BNY Mellon manages approximately $46.6 trillion in assets under custody and $1.9 trillion in assets under management as of March 31, 2023. Established in 1784, it remains a key player in global capital markets.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN), Peru’s leading precious metals mining company, released its 1Q23 production results. Highlights include:
- Gold Production: Orcopampa (19,996 oz), Tambomayo (10,600 oz), Coimolache (6,536 oz), El Brocal (4,421 oz).
- Silver Production: Uchucchacua (0 oz), Yumpag (0 oz), El Brocal (436,678 oz), Tambomayo (394,305 oz), Julcani (417,887 oz).
- Copper Production: El Brocal (12,238 MT).
- Production exceeded expectations at El Brocal; however, silver production at Uchucchacua and Yumpag was halted due to issues. Overall, gold production was aligned with forecasts, while silver and lead experienced temporary setbacks.
Buenaventura aims to recover slower production in upcoming quarters and remains optimistic about 2023 guidance.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) will host its First Quarter 2023 earnings conference call on April 28, 2023, at 11:00 AM ET. The company will release its financial results on April 27, 2023, after market close. CEO
BNY Mellon Alcentra Global Multi-Strategy Credit Fund announced its quarterly tender offer, allowing for the repurchase of 2.5% of its outstanding shares as of March 31, 2023. The tender offer will commence on April 17, 2023 and is set to expire on May 12, 2023, at 5:00 p.m. Eastern Time. The offer price will be based on the net asset value per share as of March 31, 2023. Shareholders will receive the necessary documents outlining the terms and conditions of the offer. BNY Mellon Investment Management oversees the fund, with a total of $1.8 trillion in assets managed as of December 31, 2022. The fund's returns can fluctuate, indicating risks involved for investors.
BNY Mellon's Pershing X has announced a collaboration with Snowflake, integrating the Snowflake Data Cloud into its offerings. This partnership aims to enhance data management and analytics for wealth management firms, promoting efficiency and better client-advisor relationships.
The integration will allow Pershing X clients to access data faster and manage it more effectively. Ainslie Simmonds, President of Pershing X, emphasized the collaboration's goal of boosting productivity in the financial services industry. The partnership is also expected to accelerate the time to market for data products, leveraging Snowflake's innovative capabilities.
BNY Mellon (NYSE: BK) is set to hold its 2023 Annual Meeting of Stockholders on April 12, 2023, at 9:00 a.m. ET in New York City. Stockholders must register in advance to attend in person, with details provided in the 2023 Proxy Statement available since March 1, 2023. A live audio webcast will be available, although remote participants cannot engage directly. An archived version of the webcast will be accessible from April 12 to May 12, 2023. As of December 31, 2022, BNY Mellon managed $1.8 trillion in assets and had $44.3 trillion in assets under custody.
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