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.
On October 25, 2021, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly cash dividend of $0.0215 per share, payable on November 23, 2021 to shareholders of record by November 8, 2021. The ex-dividend date is set for November 5, 2021. This dividend remains consistent with the previous month's announcement. BNY Mellon Investment Management, with $2.3 trillion in assets under management, oversees the fund.
The Bank of New York Mellon (NYSE: BK) reported a 5% revenue increase year-over-year, totaling $4.0 billion. Net income applicable to common shareholders was $881 million, showing an 11% decline from the previous quarter. Diluted EPS rose 6% to $1.04. Notably, fee revenue climbed 6% (11% excluding money market fee waivers), while net interest revenue fell 9%. The bank returned $2.3 billion to shareholders through dividends and share repurchases. The CET1 ratio stood at 11.7%, supported by robust capital generation despite a decrease due to returns to shareholders.
The Bank of New York Mellon Corporation (NYSE: BK) declared a quarterly common stock dividend of $0.34 per share, payable on November 12, 2021, to shareholders of record by November 1, 2021. Additionally, dividends for various preferred stocks include $1,011.11 for Series A, $2,250.00 for Series D, $895.34 for Series E, and $925.00 for Series H, all payable on December 20, 2021, to respective holders of record by December 5, 2021. BNY Mellon manages $45.3 trillion in assets under custody.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has requested a temporary suspension of mining and ore processing at its Uchucchacua mine to enhance operational efficiency and profitability. This follows a local community strike that began on September 13, 2021. The suspension aims to preserve cash flow and reduce fixed costs, while prioritizing underground exploration and optimizing mining processes. Buenaventura plans to gradually restart operations post achieving necessary improvements, without significant impact on projected cash flows for 2021 and 2022.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 3Q21 production figures, showing significant gold and silver output. For gold, 3Q21 production was led by Yanacocha with 65,220 ounces and Orcopampa with 15,547 ounces. Total gold production for 9M21 reached 30,663 ounces at Orcopampa, while silver production totaled 3.7 million ounces overall. The company updated its 2021 guidance, projecting gold production between 40k-45k ounces for Orcopampa and a total of 315k ounces from Yanacocha. The company also adjusted silver output guidance to between 5.4M and 6.0M ounces for El Brocal.
BNY Mellon's Pershing has appointed Ainslie Simmonds as President of Pershing X, a new business unit aimed at enhancing advisory solutions. This initiative builds upon the Client Experience Reimagined project initiated in April 2021. Pershing X intends to offer an integrated advisory platform to help financial services firms streamline technology and improve client services, ultimately enhancing asset growth. Simmonds brings 20 years of experience, having previously led digital initiatives at prominent firms. This strategic move aims to position Pershing as a leader in providing innovative solutions for the advisory industry.
BNY Mellon has announced a collaboration with the Future Investment Initiative (FII) Institute to foster growth in the region through technology and knowledge sharing, emphasizing Environmental, Social, and Governance (ESG) principles. This partnership aims to develop sustainable real-world solutions, focusing on areas like education, AI, and robotics. BNY Mellon, which manages $45 trillion in assets, is committed to supporting Saudi Arabia's growth agenda, enhancing its global influence in the financial sector.
BNY Mellon will announce its third quarter 2021 financial results on October 19, 2021, with materials available at 6:30 a.m. ET on its website. A conference call and audio webcast will follow at 8 a.m. ET, providing insights and forward-looking statements. Investors can join by dialing +1 800-390-5696 or logging onto BNY Mellon's investor relations page. Replays of this session will be accessible from 2 p.m. ET on October 19 until November 19, 2021.
BNY Mellon has partnered with Microsoft to migrate wire payment infrastructure to Microsoft Azure, enhancing the resilience and capacity of the payments industry. This collaboration establishes a treasury cash management relationship, focusing on critical high-value wire payments using cloud technology. The shift to Azure aims to improve operational efficiency and flexibility during market volatility, marking a significant step in BNY Mellon's strategy to digitize payments. As of June 30, 2021, BNY Mellon managed $2.3 trillion in assets.
BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced its quarterly tender offer, allowing shareholders to tender 2.5% of the Fund's outstanding shares as of September 30, 2021. The tender offer will commence on October 14, 2021, and will expire on November 12, 2021, at 5:00 p.m. ET. Shareholders should refer to the Offer Documents for detailed terms, which will be filed with the SEC. BNY Mellon Investment Management, part of BNY Mellon, oversees $2.3 trillion in assets under management.