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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Compañia de Minas Buenaventura S.A.A (NYSE: BVN; Lima Stock Exchange: BUE.LM) will host its Analyst and Investor Day on June 6, 2022, in New York, NY. The event will feature presentations from CEO Leandro Garcia and senior management, starting with breakfast at 9:30 am ET followed by presentations at 10:00 am. Pre-registration is required for participation. Buenaventura, Peru's largest publicly-traded mining company, specializes in precious and base metals and operates several mines across Peru.
Circle has selected BNY Mellon as the primary custodian for USD Coin (USDC) reserves, enhancing the partnership between traditional and digital markets. As of March 2022, USDC has over $52 billion in circulation, marking it as one of the fastest-growing dollar digital currencies globally. This collaboration aims to build a resilient financial ecosystem, combining expertise in various areas such as digital asset custody and cash management. Both companies seek to innovate the financial landscape while maintaining trust and stability.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) announced the approval of the San Gabriel Mine Project permits by the Government of Peru, allowing immediate construction and development. The project aims to double Buenaventura's gold production starting in 2025, contributing 120k-150k ounces annually. Total CAPEX is estimated between US$400M and US$430M, with an investment of US$100M-US$110M in 2022 and US$200M in 2023. The project also emphasizes economic and social benefits for local communities, demonstrating strong local support.
BNY Mellon will hold its 2022 Annual Meeting of Stockholders on April 12, 2022, at 9:00 a.m. ET in New York City. To ensure safety, stockholders must register to attend in person. Detailed health protocols will be provided to attendees prior to the meeting. A live audio webcast will be available for those unable to attend, although participation through the webcast is not allowed. Replays will be accessible from April 12, 2022, until May 12, 2022. BNY Mellon has $46.7 trillion in assets under custody and $2.4 trillion in assets under management.
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On March 24, 2022, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0185 per share, payable on April 22, 2022. Shareholders of record as of April 7, 2022 will receive this dividend, with the ex-dividend date set for April 6, 2022. This marks the same dividend amount as declared in February 2022. BNY Mellon Investment Management oversees the Fund, which had $2.4 trillion in assets under management as of December 31, 2021.
BNY Mellon Investment Management has launched the BNY Mellon Responsible Horizons Corporate Bond ETF (TICKER: RHCB) as of March 22, 2022. The ETF, sub-advised by Insight North America LLC, targets capital appreciation and income through corporate debt from companies with strong ESG practices. With $2.4 trillion in assets, BNY Mellon aims to provide sustainable investment solutions, leveraging Insight's ESG expertise. The fund is designed to outperform traditional fixed-income investments by integrating ESG ratings into its credit analysis.
BNY Mellon will release its first quarter 2022 financial results on April 18, 2022, at approximately 6:30 a.m. ET. A conference call and live audio webcast will follow at 8 a.m. ET, discussing forward-looking statements and material information. Investors can access the call by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) with passcode 200200. Replays will be available from 2 p.m. ET the same day until May 18, 2022. BNY Mellon manages $46.7 trillion in assets under custody and $2.4 trillion in assets under management.
BNY Mellon (NYSE: BK) announced the retirement of CEO Thomas P. Gibbons, effective August 31, 2022, after 36 years with the company. Robin Vince has been appointed as the new CEO-elect and will begin the transition immediately. Gibbons, CEO since September 2019, led the company through the complexities of the COVID-19 pandemic, emphasizing resilience and client service. Vince, who has served as Vice Chair and has extensive experience from Goldman Sachs, is expected to drive organic growth and innovation at BNY Mellon.