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.
Summary not available.
BNY Mellon's Pershing has announced its agreement to acquire Optimal Asset Management, a direct indexing solutions provider. This acquisition is aimed at enhancing Pershing's offerings through Optimal's patented software, enabling personalized portfolios aligned with investor values and sustainable investments. The direct indexing market is projected to grow significantly, from $350 billion in AUM in 2020 to an estimated $1.5 trillion by 2025. This strategic move is expected to strengthen client relationships and improve advisors' acquisition and retention efforts.
Summary not available.
Summary not available.
The Bank of New York Mellon Corporation (NYSE: BK) will redeem all outstanding shares of its Series E Noncumulative Perpetual Preferred Stock and corresponding depositary shares on December 20, 2021. There are 10,000 Series E Preferred Shares and 1,000,000 Depositary Shares. The redemption price is $1,000 per Depositary Share, totaling $100,000 per Series E Preferred Share. Post-redemption, these shares will no longer be considered outstanding, and dividends will cease to accrue. Investors are advised to contact their brokers for further information regarding the redemption.
BNY Mellon Wealth Management has appointed Mandy Ho as the new senior director wealth manager in Seattle. With nearly 20 years of experience, she will manage portfolios and provide strategic advice to ultra-high-net-worth families and private foundations. Previously, Mandy worked at KeyBank and U.S. Trust. She holds multiple degrees and is a CFA charterholder. BNY Mellon Wealth Management manages $307 billion in client assets as of September 30, 2021, providing a range of wealth services. The company has $45.3 trillion in assets under custody and/or administration.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced the results of its quarterly tender offer, which expired on November 12, 2021. The offer was oversubscribed, with 149,630 Shares tendered and 59,937 Shares to be purchased at a purchase price of $104.24, reflecting a pro-ration factor of 0.40129. The Fund plans to conduct quarterly tender offers in 2022, starting on January 13, 2022, subject to Board approval. Future offers may be amended or suspended, and there is no guarantee of shareholder redemption.
Summary not available.
BNY Mellon is set to release its fourth quarter 2021 financial results on January 18, 2022, with materials available on its website at 6:30 a.m. ET.
A conference call and live audio webcast will follow at 8 a.m. ET, featuring forward-looking statements and financial highlights.
Replays will be accessible from 2 p.m. ET January 18 until February 18, 2022. BNY Mellon manages $45.3 trillion in assets under custody and $2.3 trillion in assets under management.
The new white paper from BNY Mellon and Euroclear highlights the fragmented nature of the global collateral marketplace, revealing insights from a PwC analysis conducted in 2019. It identifies significant overlaps in collateral clients and securities held by both firms, indicating a potential for enhanced security mobility. Key findings include the predominance of fixed income securities and the popularity of triparty repo and securities lending. The report suggests steps for improving collateral management efficiency, including faster settlement goals and enhanced inventory management.