Bank New York Mellon Corp Stock Price, News & Analysis

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.

On September 27, 2022, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly cash dividend of $0.0185 per share. This dividend is payable on October 26, 2022 to shareholders on record by October 12, 2022, with an ex-dividend date of October 11, 2022. This marks no change from the previous dividend declared in August. BNY Mellon Investment Management manages the fund, overseeing assets totaling $1.9 trillion as of June 30, 2022.

On September 27, 2022, BNY Mellon announced a long-term partnership with Aviva Investors to provide a fully integrated operating model, covering front, middle, and back-office support services. This partnership will include traditional asset services such as custody and fund administration, complemented by advanced front-office support like mandate monitoring. A key aspect is BNY Mellon's cloud-based Data Vault, enhancing analytics access for Aviva Investors. The deal aims to improve operational efficiency and client experience while simplifying Aviva's supplier model.