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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 Declares Dividends

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The Bank of New York Mellon Corporation (NYSE: BK) declares a quarterly common stock dividend of $0.42 per share, payable on February 2, 2024 to shareholders of record as of January 22, 2024. Additionally, dividends for noncumulative perpetual preferred stock were announced, with the payment date on March 20, 2024.
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BNY Mellon Reports Fourth Quarter 2023 Results

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BNY Mellon (NYSE: BK) reports Q4 2023 financial results, with earnings release and quarterly financial highlights available on the investor relations website.
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BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer

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BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (AMCA) announced the approval of the Fund's quarterly tender offer, offering 2.5% of outstanding shares as of December 31, 2023. The Tender Offer will commence on January 17, 2024, and expire on February 13, 2024, at 5:00 p.m. Eastern Time, with the price determined as the net asset value per share as of December 31, 2023.
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BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution

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BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) announced a distribution of $0.0300 per share of common stock, payable on February 1, 2024, to shareholders of record at the close of business on January 19, 2024. The ex-dividend date is January 18, 2024. 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 is one of the world’s largest asset managers, with $1.8 trillion in assets under management as of September 30, 2023. Through a client-first approach, BNY Mellon Investment Management brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY Mellon.
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Buenaventura Comments on Acquisition of Equity Interest in Buenaventura by Antofagasta plc

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Compañia de Minas Buenaventura S.A.A. (BVN) has announced that Antofagasta plc has acquired approximately 19% of Buenaventura's outstanding shares. The Chairman of the Board looks forward to collaborating with Antofagasta to grow the value of the business. Buenaventura is Peru’s largest publicly-traded precious metals mining company, engaged in the exploration, mining development, processing, and trade of gold, silver, and other base metals.
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Behavox Selected by BNY Mellon to Provide Next Generation AI Solution for Its Compliance Program

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Behavox (BK) Selected by BNY Mellon to Enhance Compliance Program with AI-Driven Solutions
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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) declared a distribution of $0.035 per share of common stock, payable on January 12, 2024, to shareholders of record at the close of business on December 28, 2023. The ex-dividend date is December 27, 2023. The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends. BNY Mellon Investment Management, the investment adviser for the Fund, is part of BNY Mellon Investment Management, one of the world’s largest asset managers, with $1.8 trillion in assets under management as of September 30, 2023. BNY Mellon, the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK), has $45.7 trillion in assets under custody and/or administration as of September 30, 2023. Established in 1784, BNY Mellon is America's oldest bank.
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BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Quarterly Distribution and Special Year-End Distributions

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BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a quarterly distribution of $2.00 per share of common stock and a special year-end distribution of $2.38 per share. The distributions will be payable on January 12, 2024, to shareholders of record at the close of business on December 28, 2023. The ex-dividend date is December 27, 2023. For Federal income tax purposes, these distributions will be taxable to common shareholders in 2023, although the distributions will be paid in 2024. The Fund intends to distribute all or a portion of its net investment income to common shareholders on a quarterly basis.
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BNY Mellon High Yield Strategies Fund Declares Dividend

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BNY Mellon High Yield Strategies Fund (NYSE: DHF) has declared a monthly cash dividend of $0.015 per share of beneficial interest, payable on January 11, 2024. The ex-dividend date is December 26, 2023. BNY Mellon Investment Management, with $1.8 trillion in assets under management, is the investment adviser for the Fund. BNY Mellon, America's oldest bank, has $45.7 trillion in assets under custody and/or administration.
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BNY Mellon to Expand Presence in Lake Mary, FL

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BNY Mellon (BK) invests in real estate footprint in Lake Mary, Florida, with plans for a cohesive campus spanning 300,000 square feet. The company outlines new office space, renovations, and new amenities, expressing commitment to the local community and top talent.
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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
State Commercial Banks
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United States of America
NEW YORK