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.
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On May 24, 2022, the Board of Trustees for BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0185 per share, payable on June 23, 2022. Shareholders of record on June 8, 2022 will receive this dividend. The ex-dividend date is set for June 7, 2022. This dividend amount matches the previous month's dividend of $0.0185. BNY Mellon Investment Management oversees the fund, managing $2.3 trillion in assets as of March 31, 2022.
BNY Mellon CFO Emily Portney will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 15, 2022, at 8:45 a.m. ET. The event may include forward-looking statements and crucial financial insights. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available approximately 24 hours post-event until July 14, 2022. As of March 31, 2022, BNY Mellon managed $45.5 trillion in assets under custody and $2.3 trillion in assets under management, servicing clients globally.
BNY Mellon Investment Management has launched a suite of model portfolios in partnership with UBS Wealth Management to cater to income-seeking investors. These portfolios, accessible through UBS's ACCESS platform, include three distinct strategies: Stable Income, Strategic Income, and Growth and Income. The solutions are designed to adjust to market dynamics while focusing on consistent income generation. BNY Mellon manages over $28 billion in assets, and the new offerings aim to enhance investment options for clients.
BNY Mellon will announce its financial results for the second quarter 2022 on July 15, 2022, with materials available online at 6:30 a.m. ET. A conference call will follow at 8 a.m. ET, featuring forward-looking statements and essential financial information. Analysts and investors can access the call by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International), using passcode 200200. Replays will be available from 2 p.m. ET on the same day until August 15, 2022. BNY Mellon reported $45.5 trillion in assets under custody as of March 31, 2022.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund announced the final results of its quarterly tender offer, which expired on May 13, 2022. The tender was oversubscribed, with 272,622 shares tendered. The Fund will purchase 56,978 shares from all tendering shareholders on a pro rata basis, yielding a pro-ration factor of 0.20957. The purchase price is set at $98.03, reflecting 100% of the Fund's net asset value per share as of March 31, 2022.
Compañia de Minas Buenaventura (NYSE: BVN), Peru’s leading public precious metals mining company, filed its Annual Report on Form 20-F with the SEC on May 13, 2022, covering the fiscal year ending December 31, 2021. Investors can access the report through Buenaventura's website. The company, which holds significant mining rights in Peru, operates multiple wholly-owned mines and has a 19.58% stake in the Sociedad Minera Cerro Verde, a notable copper producer in partnership with Freeport-McMoRan and Sumitomo Corporation.
The Bank of New York Mellon Corporation (BK) announced the redemption of all outstanding 2.661% Fixed Rate/Floating Rate Callable Senior Notes, totaling $1 billion, due May 16, 2023. The redemption date is set for May 16, 2022, with the redemption price equal to 100% of the principal plus accrued interest. Following this date, the notes will no longer be considered outstanding, and interest will stop accruing.
As of March 31, 2022, BNY Mellon managed assets worth $45.5 trillion under custody and $2.3 trillion in assets under management.
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Compañia de Minas Buenaventura (NYSE: BVN) released its 1Q22 results, highlighting significant financial improvements. EBITDA from direct operations surged to US$ 431.9 million, a 989% increase from 1Q21, while net income reached US$ 636.2 million, up 3786%. Capital expenditures rose to US$ 19.9 million, focused on ongoing projects, including San Gabriel and Yumpag. The company reduced its net debt to US$ 771 million and cash on hand increased to US$ 337.4 million. Production guidance will adjust in 2Q22 due to a revised plan impacting silver output.