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.
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 announced its upcoming Analyst and Investor Day scheduled for December 10, 2024, in New York. The event will feature presentations from the company's senior management team, including the CEO, CFO, and various Vice Presidents overseeing operations, sustainability, business development, projects, and exploration.
The event will commence with breakfast at 9:00 AM ET, followed by presentations at 9:30 AM ET. Pre-registration is required by December 3, 2024, for in-person attendance. Buenaventura operates several mines in Peru and holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant Peruvian copper producer.
BNY (NYSE: BK) has announced its participation in the upcoming Goldman Sachs Financial Services Conference. Chief Executive Officer Robin Vince is scheduled to speak at the event on Wednesday, December 11, 2024, at 10:00 a.m. ET in New York. The presentation may include forward-looking statements about the company's financial outlook and strategic initiatives.
BNY Municipal Bond Infrastructure Fund (NYSE: DMB) has declared a monthly distribution of $0.0300 per share of common stock, maintaining the same rate as October. The distribution is payable on December 2, 2024, to shareholders of record as of November 20, 2024, which is also the ex-dividend date.
The Fund aims to provide regular monthly distributions at a stable rate based on projected performance. BNY Investment Adviser, part of BNY Investments, manages the Fund. BNY Investments oversees $2.1 trillion in assets under management as of September 30, 2024, while its parent company BNY handles $52.1 trillion in assets under custody and/or administration.
BNY (NYSE: BK) has successfully completed its acquisition of Archer Holdco, a technology-enabled service provider specializing in managed account solutions for the asset and wealth management industry. The acquisition, initially announced on September 5, 2024, strengthens BNY's position as a leading service provider supporting asset managers across all fund wrappers. Archer's comprehensive middle- and back-office solutions will be integrated with BNY's broader capabilities, serving institutional, private wealth, and retail investors. The deal positions BNY strategically in the managed accounts sector, which is experiencing rapid growth in the investment industry.
Buenaventura (NYSE: BVN) reported strong financial results for Q3 2024, with EBITDA from direct operations reaching US$ 132.4 million, a 149% increase from Q3 2023. Net income for Q3 2024 was US$ 236.9 million, compared to a US$ 28.0 million loss in Q3 2023. The company's cash position reached US$ 457.9 million with a net debt of US$ 224.7 million.
Production highlights include increases in silver (2.5M Oz), zinc (96% YoY), lead (206% YoY), and gold (7% YoY), while copper decreased by 9% YoY. The company completed the sale of Chaupiloma Royalty Company to Franco-Nevada for US$ 210 million and received a credit rating upgrade from Moody's to B1 with positive outlook.
MUFG Bank has launched MUFG CashFolio, a new liquidity trading portal powered by BNY's LiquidityDirect® platform. This all-inclusive investment portal provides institutional clients with enhanced access to money market mutual funds (MMF), which reached $6.51 trillion in assets in July. The platform offers MMF trade execution, settlement, fund research, compliance tools, and ESG Data Analytics capabilities. LiquidityDirect currently supports over $16 trillion in annual transaction flow for more than 7,000 institutional investors. The collaboration aims to provide clients with improved cash management and risk diversification through an integrated platform.
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 November 21, 2024, to shareholders of record as of November 6, 2024, which is also the ex-dividend date. This dividend amount remains unchanged from the previous month's declaration. BNY Investments, the fund's investment adviser, manages $2.1 trillion in assets and is part of BNY, which oversees $52.1 trillion in assets under custody and/or administration as of September 30, 2024.
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.
FAQ
What is the current stock price of Bank New York Mellon (BK)?
What is the market cap of Bank New York Mellon (BK)?
What services does BNY provide?
What is BNY's global reach?
How much assets does BNY manage?
Who are BNY's clients?
What recent collaborations has BNY announced?
What is the significance of the Wove platform?
How many people does BNY employ?
Where is BNY headquartered?
What recognition has BNY received?
How long has BNY been in operation?
