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 reports news as BNY, a global financial services platforms company serving capital markets through custody, administration, investment services and asset management. Company updates commonly cover quarterly results, financial supplements, common and preferred stock dividends, and corporate-brand or listed-security matters tied to its NYSE-traded securities.
BNY-related news also includes activity across its investment management platform, including fund adviser communications and dividend announcements for BNY Mellon-branded investment products. These updates reflect the company's role in servicing financial assets, supporting institutional clients and managing investment strategies across major asset classes.
BNY Mellon will announce its third quarter 2022 financial results on October 17, 2022, with materials available at 6:30 a.m. ET. A conference call and live audio webcast will be held at 8 a.m. ET, including forward-looking statements. Access details include dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) with passcode 200200, or visiting www.bnymellon.com/investorrelations. Replays will start on the same day at 2 p.m. ET through November 17, 2022.
BNY Mellon executives Emily Portney and Jim Crowley will present at the Barclays Global Financial Services Conference on September 13, 2022, at 7:30 a.m. ET. The presentation may cover forward-looking statements and significant financial information. A live audio webcast will be accessible on the BNY Mellon website, with an archive available 24 hours after the event until October 13, 2022.
As of June 30, 2022, BNY Mellon manages $43.0 trillion in assets under custody and $1.9 trillion in assets under management.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund has completed its quarterly tender offer for up to 2.5% of its outstanding shares, which expired on August 12, 2022. The tender offer was oversubscribed, and the Fund will purchase shares from all tendering shareholders on a pro rata basis. A total of 240,408 shares were tendered, with 55,553 shares to be purchased at a purchase price of $83.38 per share, equivalent to the Fund's net asset value as of June 30, 2022.
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Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported 2Q22 results revealing significant financial challenges, including a net loss of US$ 39.9 million compared to a net income of US$ 37.5 million in 2Q21. Total revenues fell 38% year-over-year to US$ 150.1 million. EBITDA from direct operations was US$ -19.1 million, down from US$ 68.5 million. The cash position stood at US$ 326.3 million, with net debt reduced to US$ 416.4 million.
On July 26, 2022, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0185 per share from net investment income. The dividend is payable on August 23, 2022 to shareholders on record by August 9, 2022, with the ex-dividend date set for August 8, 2022. This dividend remains unchanged from the previous month's declaration. BNY Mellon Investment Management manages assets worth $1.9 trillion as of June 30, 2022.
BNY Mellon and Goldman Sachs International have completed the industry's first agency securities lending transactions using the HQLAX Distributed Ledger Technology (DLT) platform. These 35-day term transactions involve hundreds of millions of US dollars, creating Digital Collateral Records (DCRs) that represent specific ISIN quantities. This innovation streamlines the ownership transfer of securities and enhances liquidity management in the collateral upgrade market, paving the way for increased scalable volumes. Both companies express excitement about the future of DLT in traditional finance.