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 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.
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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.