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 Investment Management has announced the launch of 14 SMA ETF portfolio models on the Envestnet platform, expanding its ETF offerings since April 2020. These model portfolios are designed to meet various client objectives, employing quantitative stress testing and capital market assumptions. The portfolios cater to diverse risk profiles, from conservative to aggressive. CEO Stephanie Pierce highlighted a client-focused approach to investments, while the company aims to broaden access to its investment capabilities. BNY Mellon's assets under management stand at $2.2 trillion as of December 31, 2020.
BNY Mellon announced the formation of a new Digital Assets unit aimed at developing solutions for the growing demand for digital assets, including cryptocurrencies. Led by Mike Demissie, the team is currently working on a multi-asset digital custody and administration platform. The initiative responds to increasing client demand and regulatory clarity, with plans to launch these capabilities later this year. BNY Mellon aims to leverage its expertise and technology to enhance custody and investment services, bridging traditional and digital financial spaces.
BNY Mellon Investment Management plans to realign Mellon Investments Corporation's strengths in fixed income, equities, multi-asset, and liquidity management with its investment firms: Insight, Newton, and Dreyfus CIS. This strategic move aims to enhance specialist capabilities and research platforms, expected to complete by Q3 2021, pending regulatory approvals. Key figures include $2.2 trillion in assets under management and $105.2 billion from Mellon's fixed income capabilities. The realignment may broaden investment opportunities and strengthen client service while maintaining investment processes through the transition.
On February 9, 2021, BNY Mellon was chosen by Gabelli Funds to launch its new actively managed ETF, Gabelli Love Our Planet and People (LOPP). This fund targets sustainable companies focusing on renewable energy and waste reduction, utilizing a thorough ESG analysis. Notably, Gabelli Funds will absorb all fees on the first $100 million invested for the first year. Ben Slavin of BNY Mellon highlighted the growing demand for ESG products, emphasizing the importance of their OMNI platform in facilitating this collaboration for improved efficiency in fund administration.
BNY Mellon has partnered with Google Cloud to enhance settlement processes in the U.S. Treasury market. This collaboration aims to predict 40% of settlement failures in Fed-eligible securities with 90% accuracy, potentially saving billions in capital and liquidity. BNY Mellon will utilize Google Cloud's AI, ML, and data analytics to develop innovative collateral management solutions and improve operational efficiency. The initiative highlights BNY Mellon's commitment to leveraging advanced technologies to reduce transaction failures and create a more efficient financial market.
BNY Mellon has announced the financial results release dates for the first and second quarters of 2021. The first quarter results will be reported on April 16, 2021, and the second quarter on July 15, 2021. Financial materials will be available on their website at approximately 6:30 a.m. ET, followed by a conference call and live audio webcast at 8 a.m. ET. BNY Mellon, which manages $2.2 trillion in assets, is a leading global investments company providing financial services in 35 countries.
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.