Bank New York Mellon Corp - BK STOCK NEWS

The Europe Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2023 Update reveals key trends in the gift card sector as it grapples with inflation and economic challenges. In 2022, growth was fueled by e-commerce, remote employee incentives, and digital gifting. The market, valued at €59.51 billion in 2022, is expected to reach €64.29 billion in 2023, with a projected CAGR of 7.0% through 2027. Digital gift card adoption, particularly in the UK, is rising as consumers seek affordable gifting options. Strategic collaborations among firms aim to innovate gift card offerings, tapping into both retail and corporate segments.

The Global Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) report highlights a steady growth trajectory in the gift card industry, driven by increased investments from companies like Blackhawk Network and InComm Payments. The digital gift card adoption is surging due to e-commerce trends, expected to grow further in the coming years.

In 2023, the market is projected to reach US$ 511,019.3 million, with a compound annual growth rate (CAGR) of 8.1% anticipated. The report indicates ongoing expansion into markets like Singapore and Malaysia, alongside the rise of cryptocurrency gift cards in the U.S.

Compañia de Minas Buenaventura S.A.A (NYSE: BVN) has reported strong financial results for 4Q22 and FY22, with a 132% increase in EBITDA from direct operations, reaching US$ 473.1 million for FY22. The company recorded a net income of US$ 602.9 million for FY22, a substantial turnaround from a net loss of US$ 262.8 million in FY21. The cash position improved to US$ 253.9 million as of December 31, 2022. Additionally, FY22 exploration expenditures rose to US$ 80.8 million, supporting a focus on extending the life of mines. Buenaventura is proposing a dividend of US$ 0.073 per share, reflecting its commitment to shareholder value.

BNY Mellon (NYSE: BK) will announce its first quarter 2023 financial results on April 18, 2023. The earnings report will be available on their website at approximately 6:30 a.m. ET, followed by a conference call and live audio webcast at 10:30 a.m. ET. Investors can access the call by dialing +1 800-390-5696 in the U.S. or +1 720-452-9082 internationally, using the passcode 200200. Archived versions of the call will be accessible from 2:00 p.m. ET on April 18 until May 18, 2023. As of December 31, 2022, BNY Mellon managed $1.8 trillion in assets.

On February 23, 2023, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly cash dividend of $0.015 per share, payable on April 3, 2023. Shareholders of record will be those holding shares by the close of business on March 9, 2023, with the ex-dividend date set for March 8, 2023. This dividend amount remains consistent with the previous declaration in January.

BNY Mellon Investment Management, managing $1.8 trillion in assets as of December 31, 2022, provides a range of investment solutions bolstered by BNY Mellon's $44.3 trillion assets under custody.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) announced its 4Q22 production results, showing a total gold output of 17,535 ounces from Orcopampa, Tambomayo, La Zanja, Coimolache, and El Brocal. For FY22, the annual gold production reached 74,478 ounces. Silver production totaled 877,768 ounces in 4Q22, contributing to an overall FY22 silver output of 3,556,829 ounces. The company provided guidance for 2023, projecting gold production to range between 72,000 to 80,000 ounces and silver output to be between 2.7 million to 3 million ounces, reflecting a robust outlook amid steady operational performance.