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.
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.
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.
BNY Mellon Wealth Management appointed Huma Mohiuddin as market president in Pittsburgh. With over two decades of experience, she has held several key positions within the firm since joining in 2015. Previously, she worked at J.P. Morgan and other financial institutions. Mohiuddin's role will focus on executing the Active Wealth framework for clients in the Pittsburgh metro area. BNY Mellon manages $307 billion in client assets and operates globally, with $45.3 trillion in assets under custody as of September 30, 2021.
BNY Mellon and SNB Capital announced a significant collaboration to enhance data management solutions in Saudi Arabia, aimed at creating a robust capital markets ecosystem. The partnership will integrate BNY Mellon's award-winning data platform within SNB Capital's IT infrastructure, addressing local data-localization requirements. This strategic move supports Saudi Arabia's Vision 2030 goals and aims to provide institutional clients with a unified solution for managing local and global assets. The collaboration aligns with ongoing efforts to attract global investors and enhance market infrastructure.
BNY Mellon Wealth Management appointed David Heck as senior client strategist, focusing on ultra-high-net-worth clients and family offices. Heck previously directed philanthropy at WHYY and held leadership roles in various organizations. His extensive fundraising experience spans political and non-profit sectors. With $307 billion in client assets as of September 30, 2021, BNY Mellon emphasizes wealth advice across investments, banking, and estate planning, further enhanced by Heck's deep community roots in Philadelphia.
BNY Mellon Investment Management has launched three new actively managed sustainable ETFs: BNY Mellon Sustainable US Equity ETF (BKUS), BNY Mellon Sustainable International Equity ETF (BKIS), and BNY Mellon Sustainable Global Emerging Markets ETF (BKES), all listed on the NYSE on December 15, 2021. These ETFs aim to provide long-term growth while focusing on sustainable business practices. The funds are sub-advised by Newton Investment Management and mark BNY Mellon's expansion in the active ETF market, which now includes eight actively managed ETFs in total for 2021.
On December 13, 2021, the Board of Directors of BNY Mellon (NYSE: BK) appointed Sandie O'Connor as an independent director, expanding the board to 13 members, 12 of whom are independent. CEO Todd Gibbons expressed enthusiasm about O'Connor’s extensive expertise in risk management and financial regulation, which is expected to benefit the board significantly. O'Connor previously served as Chief Regulatory Affairs Officer at JPMorgan Chase and has held various leadership roles in the financial sector. She currently sits on multiple boards and advisory committees, enhancing her profile within the industry.
BNY Mellon Investment Management has launched the BNY Mellon Concentrated International ETF (BKCI) on December 8, 2021. This actively managed ETF, sub-advised by Walter Scott, targets 25 to 30 high-quality international growth stocks for long-term investment. The launch aims to provide a tax-efficient investment solution in the international equity market. It underscores BNY Mellon's ongoing expansion in the ETF space, following the introduction of the BNY Mellon Ultra-Short Income ETF (BKUI) earlier this year. BNY Mellon has $2.3 trillion in assets under management as of September 30, 2021.