Bank New York Mellon Corp Stock Price, News & Analysis

Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported 2Q22 results revealing significant financial challenges, including a net loss of US$ 39.9 million compared to a net income of US$ 37.5 million in 2Q21. Total revenues fell 38% year-over-year to US$ 150.1 million. EBITDA from direct operations was US$ -19.1 million, down from US$ 68.5 million. The cash position stood at US$ 326.3 million, with net debt reduced to US$ 416.4 million.

On July 26, 2022, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0185 per share from net investment income. The dividend is payable on August 23, 2022 to shareholders on record by August 9, 2022, with the ex-dividend date set for August 8, 2022. This dividend remains unchanged from the previous month's declaration. BNY Mellon Investment Management manages assets worth $1.9 trillion as of June 30, 2022.

BNY Mellon and Goldman Sachs International have completed the industry's first agency securities lending transactions using the HQLA^X Distributed Ledger Technology (DLT) platform. These 35-day term transactions involve hundreds of millions of US dollars, creating Digital Collateral Records (DCRs) that represent specific ISIN quantities. This innovation streamlines the ownership transfer of securities and enhances liquidity management in the collateral upgrade market, paving the way for increased scalable volumes. Both companies express excitement about the future of DLT in traditional finance.

Compañía de Minas Buenaventura S.A.A (NYSE: BVN; Lima Stock Exchange: BUE.LM) will hold its Second Quarter 2022 earnings conference call on July 27, 2022, at 10:00 AM ET. The financial results will be shared on July 26, 2022, after market close. CEO Leandro García Raggio and the senior management team will discuss the company's performance during the call. Buenaventura is Peru's largest publicly traded precious metals company, operating several gold and silver mines in Peru, and holds a significant stake in Sociedad Minera Cerro Verde.

BNY Mellon announced its second-quarter 2022 financial results, showcasing significant operational metrics. As of June 30, 2022, the firm managed $43.0 trillion in assets under custody and/or administration, alongside $1.9 trillion in assets under management. The results will be discussed in a conference call on July 15, 2022, at 8 a.m. ET, accessible to investors and analysts. Replays of the call will be available until August 15, 2022. For more details, visit BNY Mellon's investor relations.

The Bank of New York Mellon Corporation (NYSE: BK) announced the declaration of dividends for its common and preferred stock. A quarterly dividend of $0.37 per share will be paid on August 5, 2022, to shareholders of record on July 25, 2022. Preferred dividends include $1,011.11 for Series A, $2,312.50 for Series F, $2,350.00 for Series G, $925.00 for Series H, and $937.50 for Series I, all payable on September 20, 2022, to holders of record on September 5, 2022.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported 2Q22 production results, highlighting variances in metal output compared to prior quarters. Gold production at Orcopampa decreased to 17,749 Oz from 19,031 Oz in 1Q22, whereas Tambomayo's output slightly increased to 14,351 Oz. Silver production saw a decrease at El Brocal, totaling 806,123 Oz, while lead and zinc outputs also reflected declines. The Company updated its production guidance for the year, projecting gold output of 65k-70k Oz and silver output of 3.0M-3.5M Oz.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced a quarterly tender offer for 2.5% of its outstanding shares as of June 30, 2022. The tender offer will commence on July 15, 2022, and expire on August 12, 2022, at 5:00 p.m. Eastern Time. Shareholders will receive further details through the Offer Documents to be filed with the SEC. The Fund is managed by BNY Mellon Investment Adviser, which is part of one of the largest asset managers globally, overseeing $2.3 trillion in assets.

BNY Mellon (NYSE: BK) has appointed Dermot McDonogh as Chief Financial Officer, effective February 1, 2023. He will join on November 1, 2022, and report to CEO Robin Vince. McDonogh, previously COO for EMEA at Goldman Sachs, brings over 25 years of experience in finance and financial operations. Emily Portney will transition from CFO to lead Treasury Services and related sectors. This leadership change aims to enhance BNY Mellon's financial strategy and operations, reinforcing its stability amid market volatility.