Bank New York Mellon Corp Stock Price, News & Analysis

On August 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 September 23, 2021. This dividend mirrors the previous month's payout. Shareholders on record by September 9, 2021 will qualify, with the ex-dividend date set for September 8, 2021. BNY Mellon Investment Adviser, a part of BNY Mellon Investment Management, oversees the Fund, which managed $2.3 trillion in assets as of June 30, 2021.

BNY Mellon Wealth Management appointed Gary Lutz as the new Regional Director for West Region Private Banking on August 25, 2021. Based in Denver, he will oversee banking and lending services for clients including individuals and foundations. Lutz brings over three decades of experience in wealth management and commercial banking, previously holding senior positions at Century Bank and Wells Fargo. BNY Mellon Wealth Management manages $305 billion in client assets as of June 30, 2021, and aims to enhance its banking growth in the West Region.

BNY Mellon will be represented by CEO Todd Gibbons and CFO Emily Portney at the Barclays Global Financial Services Conference on September 14, 2021, at 4:15 p.m. ET. The discussion will likely cover forward-looking statements and other significant insights.

A live audio webcast will be available on the BNY Mellon website, with an archived version accessible approximately 24 hours later. As of June 30, 2021, BNY Mellon managed $45.0 trillion in assets under custody and $2.3 trillion in assets under management.

BNY Mellon Investment Management announced the launch of the BNY Mellon Ultra Short Income ETF, set to start trading on the NYSE on August 11, 2021. With $2.3 trillion in assets under management, the ETF aims to provide higher yields with lower volatility compared to short-term bond funds and money market funds. This initiative marks a significant expansion in BNY Mellon’s ETF offerings, following the success of its initial suite, which amassed $845M in assets as of June 30, 2021. The firm plans to introduce additional active ETFs in the coming months.

BNY Mellon Wealth Management has appointed Daniel Gebhart as Regional Director and Head of Portfolio Management in New England. He will oversee investment management and wealth planning services while leading the wealth managers in the region. Gebhart has been with BNY Mellon since 2000 and previously held senior positions in Boston. This strategic appointment aims to enhance BNY Mellon's client services. As of June 30, 2021, the firm managed $305 billion in client assets and had $31.6 billion in AUM/AUA, indicating substantial market presence.

BNY Mellon Wealth Management has appointed Jeremy Gonsalves as the new National Director of Portfolio Management. With over 25 years of experience, Gonsalves has previously held various roles, including Managing Director for Portfolio Management in New England. He will oversee the firm's asset allocation and investment strategy, reporting to Leo Grohowski, the Chief Investment Officer. BNY Mellon Wealth Management manages $305 billion in total client assets as of June 30, 2021, and provides extensive financial services across investments and wealth planning.

BNY Mellon announced its plan to redeem all 3.55% Senior Notes due September 23, 2021, totaling $1.5 billion. The redemption date is set for August 23, 2021, where bondholders will receive the full principal plus accrued interest. After this date, the Notes will no longer be outstanding, and interest will cease to accrue. BNY Mellon manages $45 trillion in assets under custody and $2.3 trillion in assets under management as of June 30, 2021.