Bank New York Mellon Corp Stock Price, News & Analysis

Compañía de Minas Buenaventura S.A.A (NYSE: BVN) will hold its Fourth Quarter 2021 earnings conference call on February 25, 2022, at 9:00 AM ET. Preliminary financial results will be released on February 24, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Participants can join by dialing +1-844-282-4460 in the US or +1-412-317-5611 internationally. The live webcast will be available, and a replay will be accessible for 7 days following the event.

BNY Mellon will participate in the Credit Suisse Financial Services Forum on February 17, 2022, at 11:20 a.m. ET in Key Biscayne, Florida. CEO Todd Gibbons will discuss potential forward-looking statements and key material information during the event. Investors can listen to a live webcast on the BNY Mellon website, with an archived version available 24 hours after the live event until March 18, 2022. As of December 31, 2021, BNY Mellon manages $46.7 trillion in assets under custody and $2.4 trillion in assets under management.

The Bank of New York Mellon Corporation (BK) reported a 4% increase in revenue for 4Q21, totaling $4.0 billion, and a 28% rise in diluted EPS to $1.01.

Notably, net income applicable to common shareholders was $822 million, down 7% from 3Q21 but up 17% year-over-year. The common equity tier 1 (CET1) ratio was at 11.1%, while assets under management (AUM) grew by 10% to $2.4 trillion.

BNY Mellon anticipates double-digit EPS growth in 2022, driven by strategic initiatives and a favorable interest rate environment.

The Bank of New York Mellon Corporation (NYSE: BK) announced a quarterly common stock dividend of $0.34 per share, payable on February 11, 2022, to shareholders of record as of January 31, 2022. Additionally, the bank declared preferred stock dividends for various series, including $1,011.11 for Series A, $2,312.50 for Series F, $2,350.00 for Series G, $925.00 for Series H, and $1,270.83 for Series I, all payable on March 21, 2022. This reflects BNY Mellon's commitment to returning value to shareholders.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund has approved a quarterly tender offer, allowing shareholders to sell up to 2.5% of the Fund's outstanding shares as of December 31, 2021. The tender offer commences on January 13, 2022, and expires on February 11, 2022, at 5:00 p.m. Eastern Time. The offer price will be based on the net asset value per share determined on the same date. Shareholders will receive further information on the tender offer through official documents filed with the SEC.

BNY Mellon has announced the redemption of all 2.600% Senior Notes due February 7, 2022, with a total principal amount of $1.25 billion. The redemption is scheduled for January 13, 2022, at 100% of the principal plus accrued interest. Following this date, the Notes will no longer be outstanding, and interest will cease to accrue. BNY Mellon continues to serve clients globally, managing $45.3 trillion in assets under custody and $2.3 trillion in assets under management as of September 30, 2021.

BNY Mellon Wealth Management appointed Huma Mohiuddin as market president in Pittsburgh. With over two decades of experience, she has held several key positions within the firm since joining in 2015. Previously, she worked at J.P. Morgan and other financial institutions. Mohiuddin's role will focus on executing the Active Wealth framework for clients in the Pittsburgh metro area. BNY Mellon manages $307 billion in client assets and operates globally, with $45.3 trillion in assets under custody as of September 30, 2021.

BNY Mellon and SNB Capital announced a significant collaboration to enhance data management solutions in Saudi Arabia, aimed at creating a robust capital markets ecosystem. The partnership will integrate BNY Mellon's award-winning data platform within SNB Capital's IT infrastructure, addressing local data-localization requirements. This strategic move supports Saudi Arabia's Vision 2030 goals and aims to provide institutional clients with a unified solution for managing local and global assets. The collaboration aligns with ongoing efforts to attract global investors and enhance market infrastructure.