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 (BNY, NYSE: BK) generates a steady flow of news as a global financial services company at the center of capital markets. As America’s oldest bank and a major provider of asset servicing and investment management, its announcements cover dividends, earnings, capital actions, technology initiatives and product launches that are relevant to institutional and individual investors tracking BK stock.
Recent news releases highlight dividend declarations on both common and noncumulative perpetual preferred stock, detailing quarterly common dividends and payments on multiple preferred series. BNY also issues regular updates on its quarterly financial results, accompanied by earnings releases, financial supplements and conference call webcasts where management discusses performance and outlook.
BNY’s news flow also reflects its role in digital assets and innovation. The company has announced the launch of the BNY Dreyfus Stablecoin Reserves Fund, a government money market fund intended to hold reserves for certain U.S. stablecoin issuers under the GENIUS Act, and a collaboration with Google Cloud to integrate Gemini Enterprise into its Eliza enterprise AI platform. These items illustrate how BNY is applying technology and regulated fund structures to evolving areas of finance.
Corporate governance and employee-focused initiatives appear in its updates as well, including the election of new independent directors to the Board and participation in a U.S. government investment initiative for children that provides contributions to tax-advantaged accounts for eligible newborns of certain employees. For investors and observers, the BK news page on Stock Titan aggregates these types of announcements so users can monitor BNY’s dividends, earnings communications, product developments and strategic programs in one place.
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The Bank of New York Mellon Corporation (NYSE: BK) announced the election of Ralph Izzo as an independent director effective August 10, 2020. With this addition, BNY Mellon’s Board now comprises 11 directors, 10 of whom are independent. Izzo brings extensive experience from his role as CEO of Public Service Enterprise Group and will serve on several committees including Audit and Corporate Governance. His leadership is expected to enhance the board's diversity and strategic insight, reinforcing BNY Mellon's commitment to strong governance and risk management.
BNY Mellon will disclose its third-quarter 2020 financial results on October 16, 2020, around 6:30 a.m. EDT. A conference call and audio webcast, featuring forward-looking statements, will occur at 8 a.m. EDT. Interested parties can join by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International), using passcode: 807070. Replays will be accessible from 2 p.m. EST on October 16 until November 15, 2020. As of June 30, 2020, BNY Mellon managed $2.0 trillion in assets, and its website will host earnings-related materials.
BNY Mellon Wealth Management has appointed Julie Alcala as Senior Wealth Strategist in Chicago. Bringing over 20 years of financial services experience, Julie previously worked at William Blair and Credit Suisse, focusing on high-net-worth clients. She holds both CFP® and CPA designations. Regional President Stacie Kuhlman emphasized Julie's extensive network and market understanding as vital for client relationships. BNY Mellon manages $254 billion in client assets as of June 30, 2020, and offers comprehensive wealth management services.
Volante Technologies Inc. announced a successful capital raise of USD 35M, marking its first outside investment after nearly two decades of organic growth. The financing was led by Wavecrest Growth Partners with participation from BNY Mellon, Citi Ventures, PostePay, and Visa. The funds will help Volante accelerate its global cloud expansion and enter new markets. With over 100 customers, including major corporate banks, Volante aims to further enhance its cloud-based financial services, reflecting a strong demand in the sector.
BNY Mellon Wealth Management has appointed Larry Tekler as Senior Director and Team Leader in Newport Beach, CA. With 30 years of experience in wealth management, Tekler will lead a team focused on providing comprehensive solutions for clients with complex financial needs. His previous roles include managing investments for a family office and serving as Managing Director at Citi Private Bank. BNY Mellon has $254 billion in client assets as of June 30, 2020, and offers a wide range of financial services globally.
BNY Mellon Wealth Management has appointed Barry McKenzie as Market President in Naples, FL. McKenzie will oversee product and service delivery in the region, managing wealth managers and support staff. He brings extensive experience from Northern Trust and Harbour Capital Advisors. As of June 30, 2020, BNY Mellon Wealth Management has $254 billion in client assets. BNY Mellon operates globally with $37.3 trillion in assets under custody and $2.0 trillion in assets under management.
BNY Mellon Wealth Management has appointed Kent Moegerle as Southeast Regional President as of July 20, 2020. He will manage strategy, business development, and marketing across key markets, including Atlanta and Miami. Moegerle previously held roles at BNY Mellon and SunTrust, focusing on revenue growth and strategic initiatives. BNY Mellon oversees $254 billion in client assets, emphasizing financial success through its Active Wealth approach. This appointment aims to enhance the company's position in the competitive wealth management landscape.
BNY Mellon's Pershing has appointed Emily Schlosser as its new Chief Operating Officer, effective July 20, 2020. Joining from Goldman Sachs, she led transformative initiatives in client experience and revenue generation. Previously, as COO at E*TRADE, she oversaw significant revenue growth. CEO Jim Crowley expressed confidence in her leadership to enhance client services and operational functions at Pershing. BNY Mellon oversees $37.3 trillion in assets, emphasizing its strong market position.
The Bank of New York Mellon (NYSE: BK) has announced its Board of Directors approved a quarterly common stock dividend of $0.31 per share, payable on August 7, 2020, to shareholders on record by July 27, 2020. Additionally, dividends for preferred stock include: $1,011.11 for Series A, $1,300.00 for Series C, $962.65 for Series E, $2,312.50 for Series F, and $1,579.72 for Series G, payable on September 21, 2020, to holders recorded by September 5, 2020.