The Bank of New York Mellon Corporation reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
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.
Summary not available.
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.
Summary not available.
Summary not available.
BNY Mellon (NYSE: BK) will announce its first quarter 2023 financial results on April 18, 2023. The earnings report will be available on their website at approximately 6:30 a.m. ET, followed by a conference call and live audio webcast at 10:30 a.m. ET. Investors can access the call by dialing +1 800-390-5696 in the U.S. or +1 720-452-9082 internationally, using the passcode 200200. Archived versions of the call will be accessible from 2:00 p.m. ET on April 18 until May 18, 2023. As of December 31, 2022, BNY Mellon managed $1.8 trillion in assets.
On February 23, 2023, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly cash dividend of $0.015 per share, payable on April 3, 2023. Shareholders of record will be those holding shares by the close of business on March 9, 2023, with the ex-dividend date set for March 8, 2023. This dividend amount remains consistent with the previous declaration in January.
BNY Mellon Investment Management, managing $1.8 trillion in assets as of December 31, 2022, provides a range of investment solutions bolstered by BNY Mellon's $44.3 trillion assets under custody.