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 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.
On March 28, 2023, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.015 per share, payable on April 26, 2023, to shareholders of record by April 12, 2023. The ex-dividend date is April 11, 2023. This dividend remains consistent with the previous amount declared in February. BNY Mellon Investment Management, managing $1.8 trillion in assets, supports the Fund with a focus on providing specialized investment solutions.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced that shareholders approved a new sub-investment advisory agreement with Alcentra NY, effective March 17, 2023. This agreement allows Alcentra NY to continue managing the Fund's investments under the supervision of BNYM Investment Adviser. Alcentra NY, a subsidiary of Franklin Resources, manages over $36 billion in assets as of December 31, 2022. BNY Mellon Investment Management, part of BNY Mellon, manages $1.8 trillion in assets. The Fund's investment returns may fluctuate, and there is no assurance it will meet its investment objectives.
BNY Mellon Wealth Management has announced the acceptance of grant applications from the Ernest Q. Johnson Trust, aimed at benefiting youth in Canonsburg, PA. Since its establishment in 1970, the trust has supported local charitable, religious, and educational organizations. Applications must include a project proposal, recent financial statements, and an IRS 501(c)(3) tax determination letter, with a submission deadline of April 17, 2023. Recipients will be announced and disbursements made in May 2023. As of December 31, 2022, BNY Mellon manages $269 billion in client assets, with a notable presence in wealth management and financial services.
The Europe Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2023 Update reveals key trends in the gift card sector as it grapples with inflation and economic challenges. In 2022, growth was fueled by e-commerce, remote employee incentives, and digital gifting. The market, valued at €59.51 billion in 2022, is expected to reach €64.29 billion in 2023, with a projected CAGR of 7.0% through 2027. Digital gift card adoption, particularly in the UK, is rising as consumers seek affordable gifting options. Strategic collaborations among firms aim to innovate gift card offerings, tapping into both retail and corporate segments.
The Global Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) report highlights a steady growth trajectory in the gift card industry, driven by increased investments from companies like Blackhawk Network and InComm Payments. The digital gift card adoption is surging due to e-commerce trends, expected to grow further in the coming years.
In 2023, the market is projected to reach US$ 511,019.3 million, with a compound annual growth rate (CAGR) of 8.1% anticipated. The report indicates ongoing expansion into markets like Singapore and Malaysia, alongside the rise of cryptocurrency gift cards in the U.S.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) has reported strong financial results for 4Q22 and FY22, with a 132% increase in EBITDA from direct operations, reaching US$ 473.1 million for FY22. The company recorded a net income of US$ 602.9 million for FY22, a substantial turnaround from a net loss of US$ 262.8 million in FY21. The cash position improved to US$ 253.9 million as of December 31, 2022. Additionally, FY22 exploration expenditures rose to US$ 80.8 million, supporting a focus on extending the life of mines. Buenaventura is proposing a dividend of US$ 0.073 per share, reflecting its commitment to shareholder value.
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