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.
BNY Mellon Corporation (BK) is a global leader in investment services and asset management, providing critical financial infrastructure to institutions and individual investors worldwide. This dedicated news hub offers comprehensive coverage of the company's official announcements and market developments.
Access real-time updates on earnings reports, strategic partnerships, regulatory filings, and technology initiatives that shape BNY Mellon's position in custody banking and wealth management. Our curated feed ensures investors and analysts can efficiently track:
• Quarterly financial results and SEC filings
• Leadership appointments and governance updates
• Technology investments in digital asset solutions
• Global expansion initiatives and client acquisitions
Bookmark this page for direct access to primary source materials and analysis-free reporting on BNY Mellon's operational developments. Stay informed about the institution's evolving role in global financial markets through verified press releases and official corporate communications.
BNY Mellon Wealth Management announced the appointment of Tim Sanville as a principal wealth manager in Boston. With over 30 years of experience, Sanville previously served as a senior fixed income portfolio manager. His role includes managing portfolios and offering strategic advice to ultra-high-net-worth clients. BNY Mellon Wealth Management manages $307 billion in total client assets as of September 30, 2021, providing a range of financial services.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 3Q21 results, showing a significant net loss of $91.9 million compared to a net income of $14.9 million in 3Q20. However, the Company experienced a rise in nine-month EBITDA from direct operations, reaching $141.6 million, up from $88.1 million in 9M20. Exploration expenses increased to $17.1 million in 3Q21, while capital expenditures were also higher at $24 million. The cash position was $287.9 million as of September 30, 2021. The loss was heavily influenced by a $66.4 million impairment related to Yanacocha.
BNY Mellon Wealth Management has appointed Karen Sugihara as the new regional fiduciary manager for California. With over 30 years of expertise in trust and estates, Sugihara previously worked at Wells Fargo, overseeing their largest trust office in Northern California. Her role will focus on enhancing fiduciary services and delivering advisory-based solutions to clients in the region. Sugihara's diverse background includes legal practice and fintech experience. BNY Mellon manages $307 billion in total client assets as of September 30, 2021, reinforcing its robust position in wealth management.
On October 25, 2021, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly cash dividend of $0.0215 per share, payable on November 23, 2021 to shareholders of record by November 8, 2021. The ex-dividend date is set for November 5, 2021. This dividend remains consistent with the previous month's announcement. BNY Mellon Investment Management, with $2.3 trillion in assets under management, oversees the fund.
The Bank of New York Mellon (NYSE: BK) reported a 5% revenue increase year-over-year, totaling $4.0 billion. Net income applicable to common shareholders was $881 million, showing an 11% decline from the previous quarter. Diluted EPS rose 6% to $1.04. Notably, fee revenue climbed 6% (11% excluding money market fee waivers), while net interest revenue fell 9%. The bank returned $2.3 billion to shareholders through dividends and share repurchases. The CET1 ratio stood at 11.7%, supported by robust capital generation despite a decrease due to returns to shareholders.
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