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.
The Bank of New York Mellon Corporation (BNY, NYSE: BK) generates a steady flow of news as a global financial services company at the center of capital markets. As America’s oldest bank and a major provider of asset servicing and investment management, its announcements cover dividends, earnings, capital actions, technology initiatives and product launches that are relevant to institutional and individual investors tracking BK stock.
Recent news releases highlight dividend declarations on both common and noncumulative perpetual preferred stock, detailing quarterly common dividends and payments on multiple preferred series. BNY also issues regular updates on its quarterly financial results, accompanied by earnings releases, financial supplements and conference call webcasts where management discusses performance and outlook.
BNY’s news flow also reflects its role in digital assets and innovation. The company has announced the launch of the BNY Dreyfus Stablecoin Reserves Fund, a government money market fund intended to hold reserves for certain U.S. stablecoin issuers under the GENIUS Act, and a collaboration with Google Cloud to integrate Gemini Enterprise into its Eliza enterprise AI platform. These items illustrate how BNY is applying technology and regulated fund structures to evolving areas of finance.
Corporate governance and employee-focused initiatives appear in its updates as well, including the election of new independent directors to the Board and participation in a U.S. government investment initiative for children that provides contributions to tax-advantaged accounts for eligible newborns of certain employees. For investors and observers, the BK news page on Stock Titan aggregates these types of announcements so users can monitor BNY’s dividends, earnings communications, product developments and strategic programs in one place.
BNY Mellon (NYSE: BK) announced that its CFO Emily Portney and CEO of Securities Services and Digital Roman Regelman will present at the Goldman Sachs 2022 US Financial Services Conference on December 7, 2022, at 1:00 p.m. ET. The discussion may include forward-looking statements and key information. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available 24 hours later until January 6, 2023. As of September 30, 2022, BNY Mellon manages $42.2 trillion in assets.
BNY Mellon Investment Management has launched the BNY Mellon Global Infrastructure Income ETF (BKGI), targeting an annualized gross forward-looking 12-month yield of 6% or more. This ETF provides exposure to both traditional and non-traditional infrastructure sectors, including energy, industrials, healthcare, and real estate. Managed by Newton Investment Management, it marks BNY Mellon's 15th ETF and 7th active ETF. The fund aims for income generation while aligning with global trends like energy transition and increased broadband access. BNY Mellon manages $1.8 trillion in assets.
On November 1, 2022, BNY Mellon completed the sale of Alcentra NY to Franklin Templeton. This transaction led to new sub-investment advisory agreements for the BNY Mellon High Yield Strategies Fund and BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Alcentra NY is now the sub-adviser under these agreements. While shareholder approval is pending for the BNY Mellon Alcentra Global Multi-Strategy Credit Fund, an interim advisory agreement has been approved to manage investments. BNY Mellon Investment Management oversees $1.8 trillion in assets.
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Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported its 3Q22 results, revealing an EBITDA of US$ 22.2 million, down 44% year-on-year. Despite a net loss of US$ 19.8 million, an improvement from US$ 91.9 million in 3Q21, operating cash flow improved to US$ 16.1 million compared to a major loss in the previous year. Total revenues fell 11% to US$ 195.4 million. Capital expenditures rose 55% to US$ 37.2 million. Cash position was robust at US$ 288 million, with net debt decreasing to US$ 448.1 million.
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On October 24, 2022, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0185 per share, payable on November 22, 2022, to shareholders of record as of November 7, 2022. The dividend remains unchanged from the previous month. BNY Mellon Investment Management, managing $1.8 trillion in assets as of September 30, 2022, continues to focus on delivering specialized investment solutions. This dividend declaration reflects the Fund's net investment income and aims to provide steady income for shareholders.
Z2 Investment Management launched as an alternative investment manager focused on debt and equity investments in North America's lower middle market. Targeting investment sizes between $10 million to $100 million, Z2 aims to fill the financing gap for private companies facing challenging credit conditions. Founders Scott Gold, Bobby Barrett, and Jake Sussman possess extensive experience in middle market investments, having collectively deployed billions in capital. Z2 believes non-sponsored, directly sourced financing can yield attractive returns while supporting an underserved segment of the U.S. economy.