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.
BNY Mellon (NYSE: BK) has priced a public offering of 1,300,000 depositary shares, each representing a 1/100th interest in its Series I Noncumulative Perpetual Preferred Stock, totaling $1.3 billion. The offering price is $1,000 per depositary share, with dividends accruing at 3.750% until December 20, 2026. Proceeds will be used to redeem Series E preferred stock and for general corporate purposes. The offering is set to close on November 18, 2021.
BNY Mellon executives Emily Portney and Robin Vince will present at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 9:20 a.m. ET. Their discussion may encompass forward-looking statements and essential information. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available for 24 hours post-event until January 7, 2022. As of September 30, 2021, BNY Mellon managed $45.3 trillion in assets under custody and $2.3 trillion under management, reinforcing its position in global finance.
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BNY Mellon Wealth Management announced the appointment of Tim Sanville as a principal wealth manager in Boston. With over 30 years of experience, Sanville previously served as a senior fixed income portfolio manager. His role includes managing portfolios and offering strategic advice to ultra-high-net-worth clients. BNY Mellon Wealth Management manages $307 billion in total client assets as of September 30, 2021, providing a range of financial services.
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Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 3Q21 results, showing a significant net loss of $91.9 million compared to a net income of $14.9 million in 3Q20. However, the Company experienced a rise in nine-month EBITDA from direct operations, reaching $141.6 million, up from $88.1 million in 9M20. Exploration expenses increased to $17.1 million in 3Q21, while capital expenditures were also higher at $24 million. The cash position was $287.9 million as of September 30, 2021. The loss was heavily influenced by a $66.4 million impairment related to Yanacocha.
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BNY Mellon Wealth Management has appointed Karen Sugihara as the new regional fiduciary manager for California. With over 30 years of expertise in trust and estates, Sugihara previously worked at Wells Fargo, overseeing their largest trust office in Northern California. Her role will focus on enhancing fiduciary services and delivering advisory-based solutions to clients in the region. Sugihara's diverse background includes legal practice and fintech experience. BNY Mellon manages $307 billion in total client assets as of September 30, 2021, reinforcing its robust position in wealth management.