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 February 28, 2022, Dreyfus, part of BNY Mellon Investment Management, introduced the BOLDSM share class for its Government Cash Management fund. This initiative allocates 10% of net revenue, starting from $300,000, to support Howard University's GRACE Grant, which aids underrepresented students. The BOLDSM shares are exclusively available to institutional investors through BNY Mellon. Howard University's GRACE Grant has shown to significantly improve student retention and graduation rates. This partnership reflects Dreyfus' commitment to social impact through investments.
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BNY Mellon announced that Akash Shah, Chief Growth Officer, will speak at the RBC Capital Markets Global Financial Institutions Conference on March 9, 2022, at 2:40 p.m. ET. The conference will be held virtually. Interested parties can access a live webcast on the BNY Mellon website, with an archived version available after the event until April 8, 2022. As of December 31, 2021, BNY Mellon managed $46.7 trillion in assets under custody and $2.4 trillion in assets under management, providing extensive financial services globally.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported its fourth quarter and full year results for 2021, showing substantial financial improvements. 4Q21 EBITDA from direct operations reached US$ 62.8 million, up from US$ 59.1 million in 4Q20. Net income surged to US$ 163 million, a significant recovery from a US$ 7.8 million loss in 4Q20. Full year EBITDA including associates rose by 79%, totaling US$ 719 million. The company also reported a healthy cash position of US$ 377 million at year-end.
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On February 23, 2022, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced a monthly cash dividend of $0.0185 per share, payable on April 1, 2022, to shareholders of record as of March 9, 2022. The ex-dividend date is set for March 8, 2022. This marks the same dividend amount declared in January 2022. The Fund is managed by BNY Mellon Investment Adviser, Inc., which oversees $2.4 trillion in assets under management.
BNY Mellon has appointed Jennifer Barker as the new Chief Executive Officer of its Treasury Services business, effective May 2, 2022. She brings nearly two decades of experience in treasury services from JP Morgan. Barker will lead initiatives to enhance digital transformation, sustainability, and growth. Recent achievements of the Treasury Services include pioneering real-time e-bills and supporting the new SWIFT Go cross-border payments system. BNY Mellon manages $46.7 trillion in assets under custody as of Dec. 31, 2021.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. has completed its quarterly tender offer for up to 2.5% of its common stock. The tender offer, which closed on February 11, 2022, was oversubscribed, leading to pro rata purchases based on the number of shares tendered. A total of 268,080 shares were tendered, with 58,439 shares to be purchased at a purchase price of $102.70 per share, representing the Fund's net asset value as of December 31, 2021. Shareholders can obtain further details from Georgeson LLC.
Newmont Corporation (NYSE: NEM) has announced its acquisition of Buenaventura's 43.65% stake in Minera Yanacocha for $300 million, with potential contingent payments up to $100 million. The deal aims to consolidate Newmont's position in the Yanacocha district, enhancing its sulfides project, projected to produce 525,000 gold equivalent ounces annually. The acquisition ties into Newmont's long-term goal of sustainable mining in location value="LC/pe"Peru. The expected investment decision is set for late 2022, securing growth and sustainability for the future.