Bank New York Mellon Corp Stock Price, News & Analysis

The Bank of New York Mellon Corporation (NYSE: BK) will redeem all outstanding shares of its Series E Noncumulative Perpetual Preferred Stock and corresponding depositary shares on December 20, 2021. There are 10,000 Series E Preferred Shares and 1,000,000 Depositary Shares. The redemption price is $1,000 per Depositary Share, totaling $100,000 per Series E Preferred Share. Post-redemption, these shares will no longer be considered outstanding, and dividends will cease to accrue. Investors are advised to contact their brokers for further information regarding the redemption.

BNY Mellon Wealth Management has appointed Mandy Ho as the new senior director wealth manager in Seattle. With nearly 20 years of experience, she will manage portfolios and provide strategic advice to ultra-high-net-worth families and private foundations. Previously, Mandy worked at KeyBank and U.S. Trust. She holds multiple degrees and is a CFA charterholder. BNY Mellon Wealth Management manages $307 billion in client assets as of September 30, 2021, providing a range of wealth services. The company has $45.3 trillion in assets under custody and/or administration.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced the results of its quarterly tender offer, which expired on November 12, 2021. The offer was oversubscribed, with 149,630 Shares tendered and 59,937 Shares to be purchased at a purchase price of $104.24, reflecting a pro-ration factor of 0.40129. The Fund plans to conduct quarterly tender offers in 2022, starting on January 13, 2022, subject to Board approval. Future offers may be amended or suspended, and there is no guarantee of shareholder redemption.

BNY Mellon is set to release its fourth quarter 2021 financial results on January 18, 2022, with materials available on its website at 6:30 a.m. ET.

A conference call and live audio webcast will follow at 8 a.m. ET, featuring forward-looking statements and financial highlights.

Replays will be accessible from 2 p.m. ET January 18 until February 18, 2022. BNY Mellon manages $45.3 trillion in assets under custody and $2.3 trillion in assets under management.

The new white paper from BNY Mellon and Euroclear highlights the fragmented nature of the global collateral marketplace, revealing insights from a PwC analysis conducted in 2019. It identifies significant overlaps in collateral clients and securities held by both firms, indicating a potential for enhanced security mobility. Key findings include the predominance of fixed income securities and the popularity of triparty repo and securities lending. The report suggests steps for improving collateral management efficiency, including faster settlement goals and enhanced inventory management.

BNY Mellon (NYSE: BK) has priced a public offering of 1,300,000 depositary shares, each representing a 1/100^th interest in its Series I Noncumulative Perpetual Preferred Stock, totaling $1.3 billion. The offering price is $1,000 per depositary share, with dividends accruing at 3.750% until December 20, 2026. Proceeds will be used to redeem Series E preferred stock and for general corporate purposes. The offering is set to close on November 18, 2021.

BNY Mellon executives Emily Portney and Robin Vince will present at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 9:20 a.m. ET. Their discussion may encompass forward-looking statements and essential information. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available for 24 hours post-event until January 7, 2022. As of September 30, 2021, BNY Mellon managed $45.3 trillion in assets under custody and $2.3 trillion under management, reinforcing its position in global finance.