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.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) announced the sale of its 43.65% stake in Minera Yanacocha for net proceeds of US$ 300 million plus potential future payments of up to US$ 100 million
This move aims to strengthen its balance sheet, reduce debt, and enhance shareholder returns. Concurrently, Buenaventura acquires Newmont's share in the La Zanja joint venture and receives $45 million for closure costs. CEO Leandro Garcia emphasized a focus on reinforcing financial stability and operational performance, although he acknowledged that 2022 will be challenging.
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Verituity has joined BNY Mellon's Accelerator Program to enhance payment technology aimed at creating faster, verified payout solutions. This partnership focuses on delivering advanced disbursement capabilities through a cloud-based platform that emphasizes security and efficiency. With BNY Mellon supporting the integration of innovative payment solutions, Verituity aims to reduce fraud, lower costs, and improve customer satisfaction. BNY Mellon, managing $46.7 trillion in assets, seeks to revolutionize how businesses address digital payment challenges through collaborations with emerging tech companies like Verituity.
BNY Mellon Investment Management has released a significant study titled Pathway to Inclusive Investment, which investigates barriers hindering female investment participation. The survey included 8,000 respondents across 16 markets and revealed that if women invested at rates comparable to men, an additional $3.22 trillion could be available globally, with $1.87 trillion directed towards responsible investments. Key barriers identified include income perception, risk tolerance, and lack of confidence. The firm emphasizes the necessity of engaging women in investing for broader societal benefits.
Compañia de Minas Buenaventura S.A.A. reported its 4Q21 production results and outlined production guidance for 2022. In 4Q21, the company produced 19,358 ounces of gold at Orcopampa and 1,499,305 ounces of silver at El Brocal. Total gold production for FY21 reached 50,020 ounces, while silver production totaled 6,158,981 ounces. For 2022, gold production is guided at 57k - 65k ounces and silver at 4.2M - 4.8M ounces. Overall, Buenaventura maintains a strong outlook for precious metal production.
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On January 26, 2022, the BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.0185 per share from net investment income. This dividend is payable on February 24, 2022, to shareholders of record by February 9, 2022. The ex-dividend date is February 8, 2022. The fund's previous dividend was the same amount. BNY Mellon Investment Management manages the fund, part of a firm with $2.4 trillion in assets as of December 31, 2021.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) will hold its Fourth Quarter 2021 earnings conference call on February 25, 2022, at 9:00 AM ET. Preliminary financial results will be released on February 24, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Participants can join by dialing +1-844-282-4460 in the US or +1-412-317-5611 internationally. The live webcast will be available, and a replay will be accessible for 7 days following the event.
BNY Mellon will participate in the Credit Suisse Financial Services Forum on February 17, 2022, at 11:20 a.m. ET in Key Biscayne, Florida. CEO Todd Gibbons will discuss potential forward-looking statements and key material information during the event. Investors can listen to a live webcast on the BNY Mellon website, with an archived version available 24 hours after the live event until March 18, 2022. As of December 31, 2021, BNY Mellon manages $46.7 trillion in assets under custody and $2.4 trillion in assets under management.
The Bank of New York Mellon Corporation (BK) reported a 4% increase in revenue for 4Q21, totaling $4.0 billion, and a 28% rise in diluted EPS to $1.01.
Notably, net income applicable to common shareholders was $822 million, down 7% from 3Q21 but up 17% year-over-year. The common equity tier 1 (CET1) ratio was at 11.1%, while assets under management (AUM) grew by 10% to $2.4 trillion.
BNY Mellon anticipates double-digit EPS growth in 2022, driven by strategic initiatives and a favorable interest rate environment.