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.
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 (NYSE: BK) announced a quarterly common stock dividend of $0.34 per share, payable on February 11, 2022, to shareholders of record as of January 31, 2022. Additionally, the bank declared preferred stock dividends for various series, including $1,011.11 for Series A, $2,312.50 for Series F, $2,350.00 for Series G, $925.00 for Series H, and $1,270.83 for Series I, all payable on March 21, 2022. This reflects BNY Mellon's commitment to returning value to shareholders.
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.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund has approved a quarterly tender offer, allowing shareholders to sell up to 2.5% of the Fund's outstanding shares as of December 31, 2021. The tender offer commences on January 13, 2022, and expires on February 11, 2022, at 5:00 p.m. Eastern Time. The offer price will be based on the net asset value per share determined on the same date. Shareholders will receive further information on the tender offer through official documents filed with the SEC.
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BNY Mellon has announced the redemption of all 2.600% Senior Notes due February 7, 2022, with a total principal amount of $1.25 billion. The redemption is scheduled for January 13, 2022, at 100% of the principal plus accrued interest. Following this date, the Notes will no longer be outstanding, and interest will cease to accrue. BNY Mellon continues to serve clients globally, managing $45.3 trillion in assets under custody and $2.3 trillion in assets under management as of September 30, 2021.