Bank New York Mellon Corp Stock Price, News & Analysis

BNY Mellon has released two research papers on the future of payments and digital currencies, highlighting innovations that will enhance domestic and cross-border transactions. The papers emphasize the need for interoperability between traditional and new solutions to facilitate smoother transactions. Key findings include the potential for instantaneous, transparent money movement and how digital currencies could reshape payment models, impacting liquidity and risk management. BNY Mellon aims to leverage various technologies, including AI and blockchain, to optimize client experiences in financial transactions.

BNY Mellon Wealth Management announces the appointment of Kevin May as Senior Client Strategist in Newport Beach, CA. He joins from Bessemer Trust, where he was Vice President, providing tailored investment strategies. His background includes roles at U.S. Trust and Brandes Investment Partners. May is a veteran of the U.S. Navy, serving during Operation Iraqi Freedom. The firm, with $286 billion in total client assets as of Dec. 31, 2021, continues its commitment to high-net-worth clients.

BNY Mellon will participate in the 22nd Annual Credit Suisse Virtual Financial Services Forum on February 25, 2021, at 11:20 a.m. ET. CFO Emily Portney and CTO Bridget Engle will discuss forward-looking statements and other key information during the event. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available after 5 p.m. ET on the same day until March 25, 2021. As of December 31, 2020, BNY Mellon managed $41.1 trillion in assets under custody and $2.2 trillion in assets under management.

The Bank of New York Mellon Corporation (NYSE: BK) has announced a quarterly common stock dividend of $0.31 per share, payable on February 12, 2021, to shareholders recorded by February 1, 2021. Additionally, the Board declared dividends on preferred stock, with payments due on March 22, 2021. Key amounts include $1,011.11 for Series A, $924.82 for Series E, $2,312.50 for Series F, $2,350.00 for Series G, and $1,408.06 for Series H. BNY Mellon reported $41.1 trillion in assets under custody as of December 31, 2020.

The Bank of New York Mellon Corporation (BK) reported a 20% decline in revenue for Q4 2020, totaling $3.84 billion, with a 48% drop in EPS to $0.79. Excluding notable items, revenue fell 2%, and EPS decreased 5%. The net income applicable to common shareholders was $702 million, reflecting a 50% year-over-year decline. Despite challenges, the company reported strong metrics in assets under custody, with AUC/A at $41.1 trillion, an 11% increase. The CEO emphasized operational resilience and technology investments as critical for future growth.

Goodwill Industries of Greater New York and Northern New Jersey has secured $1 million from the New York City Council for its Bridge to Technology program, aimed at enhancing tech skills among New Yorkers. The funding includes contributions from BNY Mellon and the NYC Human Resources Administration. The initiative, in partnership with Per Scholas, targets individuals in city-wide Career Services programs, seeking to equip them for advanced technology training and on-demand jobs. The goal is to enroll 100 participants in this pilot program.

BNY Mellon has been selected by Janus Henderson to implement a global data management platform aimed at enhancing investment information access across the firm. This cloud-based solution is set to consolidate Janus Henderson's information sources into a unified data architecture, aligning with their technological strategy. The collaboration not only reflects BNY Mellon's leadership in cloud data solutions but also underscores its commitment to support clients in managing complex investment assets efficiently. As of September 2020, BNY Mellon managed $38.6 trillion in assets under custody.

BNY Mellon and Amundi have established a transatlantic collaboration aimed at enhancing growth through integrating their technological platforms. The integration involves BNY Mellon OMNI and Amundi's ALTO, providing clients with improved portfolio management, risk management tools, and operational efficiencies. Key benefits include real-time insights for investment decisions, increased automation, reduced risk, and enhanced innovation. This alliance enhances the investment lifecycle for asset managers, ultimately aiming to optimize investment decision-making and ensure data consistency for better risk management.

BNY Mellon Investment Management has appointed Dawn Tutje as the Head of Financial Institutions Group in North America. Reporting to Andy Provencher, she will lead the go-to-market strategy for the firm's multi-asset investment platform across various channels, including Subadvisory/Insurance and Private Banking. Dawn brings significant experience from her previous role at Morgan Stanley Investment Management and various other firms. BNY Mellon manages $2 trillion in assets, continuing its strong position in the investment management industry.