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 has appointed Laide Majiyagbe as the new Head of Financing and Liquidity, taking charge of Securities Finance, Liquidity Services, and Collateral Segregation. With 14 years at Goldman Sachs, including her role as the Global Head of Liquidity Projections, she brings extensive expertise in liquidity and collateral management. Her leadership aims to enhance BNY Mellon's position in securities finance and transform client connections within capital markets. BNY Mellon currently manages $41.7 trillion in assets under custody.
BNY Mellon Wealth Management has appointed Bryce Walker as Senior Client Strategist based in Tampa, Fla.. With a background in asset management at PNC, Walker will focus on the needs of ultra-high-net-worth families, including business owners and executives. Market President Sean Maguire highlights Walker's valuable local relationships as a key asset. BNY Mellon Wealth Management manages $292 billion in client assets and offers comprehensive wealth services.
The Bank of New York Mellon Corporation (NYSE: BK) announced a quarterly dividend of $0.31 per share on common stock, payable on May 11, 2021, for shareholders of record by April 28, 2021. Additionally, dividends for preferred stocks include $1,011.11 on Series A, $2,250.00 on Series D, $911.68 on Series E, and $925.00 on Series H, payable on June 21, 2021. As of March 31, 2021, BNY Mellon managed $41.7 trillion in assets under custody and $2.2 trillion in assets under management.
The Bank of New York Mellon (BK) reported first-quarter 2021 results showing a 5% decrease in total revenue to $3.9 billion and net income of $858 million. Diluted earnings per share fell 8% to $0.97. Key metrics include ROE at 9% and ROTCE at 16%. Fee revenue rose 1% year-over-year, excluding money market fee waivers, while net interest revenue dropped 20%, significantly impacting overall performance. The CET1 ratio stood at 12.6%, supported by share repurchases totaling $699 million. Provisions for credit losses included an 83 million benefit.
BNY Mellon announced the addition of cleared repo to its LiquidityDirect investment platform, enhancing services for institutional clients. This move follows the platform's growth, which has seen daily volumes in the sponsored cleared repo sector rise from $30 billion in 2017 to above $200 billion recently. The cleared repo option allows clients to invest without full clearing house membership, increasing accessibility. LiquidityDirect has supported nearly $9 trillion in transactions annually as of 2020, positioning it as a leader in short-end investments.
BNY Mellon announced its selection by Charles Schwab Investment Management to provide transfer agency services. This collaboration aims to enhance client service while reducing complexity and costs associated with asset management. BNY Mellon leverages its OMNI platform and industry expertise, delivering streamlined access to investment information. With $38.6 trillion in assets under custody and $2.0 trillion in assets under management, BNY Mellon continues to emphasize operational efficiency for clients. This partnership signifies a pivotal step in BNY Mellon's commitment to improving investor solutions.
BNY Mellon has introduced a solution allowing international investors to use Chinese fixed income assets as collateral on its triparty platform via Hong Kong's Bond Connect. This development addresses the previous lack of mechanisms to collateralize these assets, facilitating access to the $13.9 trillion China Interbank Bond Market. The first successful trade involved collateralizing Chinese government securities. BNY Mellon's move is expected to enhance the global collateral landscape, reflecting the growing importance of the Chinese market in the investment ecosystem.
BNY Mellon will announce its first quarter 2021 financial results on April 16, 2021, with materials available on its website starting at 6:30 a.m. ET. A conference call and audio webcast will follow at 8 a.m. ET, featuring forward-looking statements and material information. Replays will be accessible from 2 p.m. ET on the same day until May 16, 2021. BNY Mellon, a global investments company, manages $41.1 trillion in assets under custody and $2.2 trillion in assets under management.
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BNY Mellon Wealth Management has appointed Carolina Montiel as Regional Director and Team Leader in Atlanta, GA. Montiel, who has nearly 30 years of investment experience, will oversee client services and the implementation of tailored wealth management solutions in the region. Carolina, previously a Managing Director at BNY Mellon, has extensive experience with EFG Capital and HSBC. BNY Mellon manages $286 billion in total client assets and is focused on enhancing its Active Wealth management approach to meet client needs.