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.
Buenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals mining company, has released its production and volume sold results for Q3 2024. The report includes data for gold, silver, lead, zinc, and copper production across various mining operations.
Key highlights include:
- Total gold production including associated operations: 39,690 ounces in Q3, 118,095 ounces year-to-date
- Total silver production including associated operations: 4,243,769 ounces in Q3, 10,931,273 ounces year-to-date
- Lead production from direct operations: 4,953 metric tons in Q3, 14,523 metric tons year-to-date
- Zinc production from direct operations: 7,374 metric tons in Q3, 22,540 metric tons year-to-date
- Copper production from direct operations: 16,769 metric tons in Q3, 42,334 metric tons year-to-date
The report also includes updated guidance for 2024 production targets across all metals and operations.
BNY (NYSE: BK) has announced dividend declarations for its common and preferred stock. The quarterly common stock dividend is $0.47 per share, payable on November 1, 2024, to shareholders of record as of October 21, 2024. Preferred stock dividends were also declared for Series A, H, and I, payable on December 20, 2024, to holders of record as of December 5, 2024.
BNY, a global financial services company, manages $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management as of September 30, 2024. The company serves over 90% of Fortune 100 companies and nearly all of the top 100 banks globally. BNY employs over 50,000 people worldwide and has been recognized among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators.
BNY (NYSE: BK) has released its financial results for the third quarter of 2024. The global financial services company has made the earnings release, quarterly financial highlights, and other earnings-related documents available on their investor relations website. Management will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET to discuss the results. Investors and analysts can access detailed information about BNY's performance for the quarter through these resources.
Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) has announced its Third Quarter 2024 earnings conference call, scheduled for Thursday, October 31, 2024 at 12:00 PM (Eastern Time) and 11:00 AM (Lima Time). The call will feature CEO Leandro García Raggio and other senior management members discussing the company's financial and operating results. The Q3 results will be released on Wednesday, October 30, 2024, after market close.
Participants can join via phone or webcast. Buenaventura, Peru's largest publicly traded precious and base metals company, operates several mines in Peru and holds a 19.58% stake in Sociedad Minera Cerro Verde. The company is involved in exploration, mining development, processing, and trade of gold, silver, and other base metals through wholly-owned mines and joint venture projects.
BNY Alcentra Global Multi-Strategy Credit Fund, Inc. has announced a quarterly Tender Offer for 2.5% of its outstanding shares. The offer will commence on October 16, 2024 and expire on November 13, 2024 at 5:00 p.m. Eastern Time. The price will be the net asset value per share as of September 30, 2024.
The Fund will file a tender offer statement with the SEC, including an Offer to Purchase and related documents. Shareholders can obtain these documents free of charge on the SEC's website. The Tender Offer will not be available in jurisdictions where it would violate local laws.
BNY Investment Adviser, Inc. manages the Fund as part of BNY Investments, which has $2.0 trillion in assets under management as of June 30, 2024. BNY, the parent company, has $49.5 trillion in assets under custody and/or administration.
BNY Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) has announced a distribution of $0.0300 per share of common stock, payable on November 1, 2024 to shareholders of record at the close of business on October 18, 2024. The ex-dividend date is also October 18, 2024. This distribution matches the previous one announced in September.
The Fund aims to make regular monthly distributions at a stable rate based on projected performance. BNY Investment Adviser, Inc., the Fund's investment adviser, is part of BNY Investments, which manages $2.0 trillion in assets as of June 30, 2024. BNY Investments is a division of BNY, which has $49.5 trillion in assets under custody and/or administration as of the same date.
BNY Alcentra Global Credit Income 2024 Target Term Fund (NYSE: DCF) has declared a monthly distribution of $0.035 per share, payable on October 24, 2024, to shareholders of record as of October 9, 2024. This matches the previous distribution declared in August. The fund will be liquidated after November 25, 2024, making this the final distribution.
The Fund aims to pay most of its net income to shareholders through monthly dividends, though this policy may change based on market conditions. BNY Investment Adviser, part of BNY Investments, manages the Fund. BNY Investments is a major asset manager with $2.0 trillion under management as of June 30, 2024. BNY, the parent company, has $49.5 trillion in assets under custody and/or administration.
BNY High Yield Strategies Fund (NYSE: DHF) has declared a monthly cash dividend of $0.0175 per share from net investment income. The dividend is payable on October 23, 2024, to shareholders of record at the close of business on October 8, 2024. The ex-dividend date is also October 8, 2024. This dividend amount is consistent with the previous dividend declared in August.
BNY Investment Adviser, Inc., the fund's investment adviser, is part of BNY Investments, which manages $2.0 trillion in assets as of June 30, 2024. BNY Investments is a division of BNY, which has $49.5 trillion in assets under custody and/or administration as of the same date.
BNY has released the results of its 2024 Voice of Community Banks Survey, conducted with Harris Poll. The survey polled key decision-makers in community banks across the United States on topics including digital banking solutions and fintech collaborations.
Key findings include:
- Over 90% of community banks are looking to initiate digital transformations, but less than 20% see themselves as data analytics experts.
- Nearly 30% believe launching new technology services focused on efficiency and security is critical for competitiveness.
- 100% of banks looking to expand capabilities want to provide wealth management services, and over 95% are interested in treasury services.
The survey highlights community banks' eagerness to collaborate with large institutions and fintechs on solutions for enhancing customer satisfaction and managing operations. BNY's Community Banking & Solutions team aims to support these banks in finding the right solutions for their needs.
BNY has announced a decrease in its Prime Lending Rate by 0.50 percentage points, from 8.50% to 8.00%. This change will take effect on Thursday, September 19, 2024. The Prime Lending Rate is a key benchmark used by banks to set interest rates for various types of loans, including credit cards, mortgages, and business loans.
This reduction in the Prime Lending Rate could potentially impact borrowing costs for consumers and businesses, making loans more affordable. It may also affect interest rates on savings accounts and certificates of deposit. The decision to lower the rate may be influenced by broader economic factors and monetary policy decisions.
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