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Bank of New York Mellon Corporation - BK STOCK NEWS

Welcome to our dedicated page for Bank of New York Mellon Corporation news (Ticker: BK), a resource for investors and traders seeking the latest updates and insights on Bank of New York Mellon Corporation stock.

BNY, officially known as The Bank of New York Corporation (NYSE: BK), stands as a global leader in the financial services sector. With a rich heritage dating back over 240 years, BNY offers a comprehensive suite of services aimed at managing and servicing financial assets for institutions, corporations, and individual investors.

Operating in 35 countries and more than 100 markets, the company provides investment management and investment services with unparalleled expertise. As of March 31, 2024, BNY oversees an impressive $48.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. This makes BNY the world's largest global custody bank, serving as a vital partner to its clients by facilitating the creation, trading, holding, managing, servicing, distributing, or restructuring of investments.

BNY's client base includes over 90% of Fortune 100 companies, nearly all the top 100 banks globally, and an extensive roster of governments, pension plans, and more. The company's vast influence and industry leadership are further cemented by its recent collaborations and initiatives aimed at democratizing financial services. These include strategic partnerships with minority depository institutions (MDIs) such as Ponce Bank, along with other mission-driven financial firms like Optus Bank, MoCaFi, and IntraFi.

One of the latest milestones for BNY is the enhancement of Pershing X's Wove platform, which aims to revolutionize wealth management by providing interconnected advisory tools for registered investment advisors, broker-dealers, and wealth management firms. This innovation aligns with BNY's ongoing commitment to leverage cutting-edge technology for the benefit of its clients and the broader financial ecosystem.

With a workforce of over 50,000 employees worldwide and recognition from prestigious entities like Fortune and Fast Company for its workplace innovation, BNY continues to set industry standards. The firm remains dedicated to helping its clients achieve their financial ambitions by putting its extensive expertise and platforms to work, ensuring that money moves efficiently and securely across the globe.

News

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution

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BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) has announced a distribution of $0.0300 per share of common stock, payable on March 1, 2024, to shareholders of record at the close of business on February 20, 2024. The ex-dividend date is February 16, 2024, and the previous distribution announced in January was also $0.0300 per share. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. BNY Mellon Investment Management, the parent company, has $2.0 trillion in assets under management as of December 31, 2023, and is one of the world’s largest asset managers. However, BNY Mellon Municipal Bond Infrastructure Fund, Inc. warns that market conditions and portfolio performance may change, affecting the rate of distributions and the distribution policy.
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BNY Mellon to Report First Quarter 2024 Results on April 16, 2024

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BNY Mellon (NYSE: BK) is set to report its financial results for the first quarter of 2024 on April 16, 2024. The materials will be available on the company's website at 6:30 a.m. ET, followed by a conference call and live audio webcast at 11:00 a.m. ET on the same day.
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BNY Mellon to Speak at the BofA Securities Financial Services Conference

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BNY Mellon (BK) President and CEO, Robin Vince, to speak at BofA Securities Financial Services Conference in Miami, Florida. The event is scheduled for February 20, 2024, at 2:10 p.m. ET.
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Dreyfus Celebrates 50 Years of Liquidity Management

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Dreyfus, an affiliate of BNY Mellon, celebrates the 50th anniversary of its first money market fund, Dreyfus Liquid Assets, Inc. The company has a history of innovation and offers a full suite of short-duration liquidity solutions, aligning clients' philanthropic goals with their liquidity needs. Dreyfus has been committed to delivering leading and innovative liquidity solutions for investors and investment professionals since 1974.
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BNY Mellon Launches Virtual Account-Based Solutions

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BNY Mellon (BK) has launched Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. This innovative solution aims to make money work more smoothly for treasurers globally, solving their complex payments and financing needs. Virtual accounts are linked to physical accounts within BNY Mellon, allowing incoming or outgoing payments to be reflected in real time, maintaining a virtual sub-ledger that provides a continuously updated transaction and balance history to deliver transparency into company-wide cash flows. The solution supports a variety of industry use cases, including automatically reconciling high volumes of incoming payments over USD wires and ACH networks, supporting the centralization of payment and collection functions across legal entities, establishing a hierarchy of virtual accounts exclusive to a specific business unit, and supporting financial institution clients to segregate their Nostro accounts for use by their end corporate clients to receive Wires or ACH credits in the US.
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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

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BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) has declared a distribution of $0.035 per share of common stock, payable on February 23, 2024, to shareholders of record at the close of business on February 8, 2024. The ex-dividend date is February 7, 2024. The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends. BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management, which has $2.0 trillion in assets under management as of December 31, 2023. The Fund's investment returns and principal values will fluctuate, and there is no assurance that the Fund will achieve its investment objective.
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Buenaventura Comments on call of the General Shareholders’ Meeting

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Compañia de Minas Buenaventura S.A.A. (BVN) has announced the decision to call a General Shareholders' Meeting to consider the partial amendment of the bylaws to increase the number of directors from seven to nine. This would allow the appointment of two directors proposed by Antofagasta, based on the percentage of its owned shares. The Company believes that Antofagasta's contribution would add value to the Board of Directors due to its experience and knowledge in the mining sector. Buenaventura is Peru’s largest publicly-traded precious and base metals Company, engaged in the exploration, mining development, processing, and trade of gold, silver, and other base metals. The Company currently operates several mines in Peru and owns a significant stake in a Peruvian copper producer. For more information, please contact the Company or visit its website.
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BNY Mellon High Yield Strategies Fund Declares Dividend

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On January 24, 2024, BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared a monthly cash dividend of $0.015 per share of beneficial interest, payable on February 22, 2024. The ex-dividend date is February 6, 2024. BNY Mellon Investment Management, with $2.0 trillion in assets under management, is the investment adviser for the Fund. BNY Mellon powers capital markets worldwide through comprehensive solutions. Closed-end funds are traded on the secondary market through stock exchanges, with fluctuating investment returns and principal values. This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.
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Behavox Announces Outstanding 2023 Full Year Results with 58% Revenue Growth

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Behavox, a leader in AI-driven compliance and security solutions, has announced its 2023 full-year results, showcasing a remarkable 58% growth in revenues, accelerating from the 34% growth in 2022. The company is poised to achieve profitability by March 2024, with expected revenue growth of 30-40% for the year. Behavox secured significant partnerships with industry giants such as BNY Mellon (NYSE: BK), Vitol, and Evercore (NYSE: EVR), showcasing global influence and dedication to providing exceptional service. The company strategically formed partnerships with two prominent oil and gas firms, underscoring a significant step towards global growth and reflecting the escalating demand for their product in the Commodities vertical. The rollout of GenAI and large language models (LLMs) through the Quantum AI product continues to set industry standards, offering unmatched efficiency and accuracy. Behavox's AI-driven solutions played a pivotal role in assisting several leading banks in the US, Europe, Latin America, and Japan to pass their regulatory inspections. The launch of the Behavox Intelligent Archive, developed in partnership with Google Cloud, offers a comprehensive end-to-end communications archiving and surveillance system, enhanced with state-of-the-art AI technologies. Behavox Voice20's best-in-class transcription results and its unparalleled alert quality represent a breakthrough in voice analysis technology. In 2024, Behavox will introduce its own foundation model, designed for customization, enabling customers to tailor it for specific use cases in compliance and front-office applications. The model has successfully passed CFA, CPA, and Series 7 exams, and can be deployed in any cloud environment controlled by customers.
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Obligo Collaborates with BNY Mellon through the Bank's Ascent Program to Digitize the Rental Experience for Property Managers

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Obligo, a fintech company specializing in security deposit solutions, has successfully integrated with BNY Mellon's banking portal through the Ascent program, demonstrating its ability to serve real estate clients.
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FAQ

What is the current stock price of Bank of New York Mellon Corporation (BK)?

The current stock price of Bank of New York Mellon Corporation (BK) is $77.61 as of November 19, 2024.

What is the market cap of Bank of New York Mellon Corporation (BK)?

The market cap of Bank of New York Mellon Corporation (BK) is approximately 56.4B.

What services does BNY provide?

BNY offers investment management and investment services, including asset custody, administration, and financial advisory services.

What is BNY's global reach?

BNY operates in 35 countries and more than 100 markets globally, serving clients from institutions to individual investors.

How much assets does BNY manage?

As of March 31, 2024, BNY manages $48.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

Who are BNY's clients?

BNY serves over 90% of Fortune 100 companies, nearly all the top 100 banks globally, and a wide range of governments, pension plans, and individual investors.

What recent collaborations has BNY announced?

BNY recently announced a collaboration with Ponce Bank as part of the U.S. Treasury Department's Financial Agent Mentor-Protégé Program, among other alliances.

What is the significance of the Wove platform?

The Wove platform, enhanced by BNY's Pershing X, aims to provide interconnected advisory tools for wealth management, helping clients better manage their financial data.

How many people does BNY employ?

BNY employs over 50,000 people worldwide.

Where is BNY headquartered?

BNY is headquartered in New York City.

What recognition has BNY received?

BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators.

How long has BNY been in operation?

BNY has a history spanning over 240 years in the financial services industry.

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Bank of New York Mellon Corporation

NYSE:BK

BK Rankings

#248 Ranked by Market Cap
#1229 Ranked by Dividends

BK Stock Data

56.43B
724.98M
0.18%
87.5%
1.11%
Banks - Diversified
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United States of America
NEW YORK