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.
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.
BNY Mellon has launched Vaia, a new digital payment platform designed for US institutions, providing a variety of payment options including real-time payments via RTP®, Same-Day ACH, Tokenized Payments with Zelle®, and debit cards, all integrated into a client-branded interface.
Vaia aims to simplify disbursement processes and reduce the time for businesses to connect with various payment methods. The platform utilizes Account Validation Services to enhance security against payment fraud. Future plans include extending its capabilities for cross-border payments.
BNY Mellon Investor Solutions has appointed Manisha K. Ali as the new Head of Responsible Investing, effective immediately. With over 17 years of experience, she aims to enhance the firm's Responsible Investing franchise by collaborating with clients at various stages of their sustainability journey. Ali, who has previously worked with Neuberger Berman and Russell Investments, will also represent Investor Solutions in industry organizations. The firm's AUM/AUA stands at $25.1 billion as of June 30, 2022, showcasing its strong presence in institutional asset management.
BNY Mellon announced the redemption of all Floating Rate Senior Notes due October 30, 2023, totaling $750 million. The redemption will occur on October 30, 2022, with the redemption price set at 100% of the principal plus any accrued interest. Following this date, the notes will cease to be outstanding and will no longer accrue interest. This redemption is part of BNY Mellon's management of its financial obligations.
Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) will hold its Third Quarter 2022 earnings call on October 28, 2022, at 11:00 AM ET. The results will be announced on October 27, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Buenaventura is Peru's largest publicly traded precious metals company, engaged in mining and processing gold and silver. The company owns several mines in Peru and holds a significant stake in Sociedad Minera Cerro Verde, a leading copper producer.
On October 17, 2022, BNY Mellon (NYSE: BK) announced a quarterly dividend of $0.37 per share on common stock, payable on November 10, 2022, to shareholders recorded by October 27, 2022. Additionally, dividends for preferred stock for the period ending December 2022 were declared, with notable amounts including $1,044.05 for Series A, $2,250.00 for Series D, $925.00 for Series H, and $937.50 for Series I, all payable on December 20, 2022.
BNY Mellon announced its third quarter 2022 financial results on October 17, 2022. The company reported a total of $42.2 trillion in assets under custody and/or administration and $1.8 trillion in assets under management as of September 30, 2022. Investors can access the earnings release and participate in a conference call today at 8 a.m. ET. Replays of the call will be available from October 17 to November 17, 2022. For more details, visit www.bnymellon.com/investorrelations.
BNY Mellon has launched its Digital Asset Custody platform in the U.S., allowing select clients to hold and transfer bitcoin and ether. This initiative aims to meet rising demand for both traditional and digital asset services. Founded over 238 years ago, BNY Mellon plans to establish a multi-asset platform that integrates digital and traditional custody solutions. A recent survey indicates 91% of institutional investors are interested in tokenized products, with 41% already holding cryptocurrency. The bank collaborates with fintech specialists like Fireblocks and Chainalysis to enhance security and compliance.
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.