Bank New York Mellon Corp - BK STOCK NEWS

BNY Mellon Wealth Management appointed Gary Lutz as the new Regional Director for West Region Private Banking on August 25, 2021. Based in Denver, he will oversee banking and lending services for clients including individuals and foundations. Lutz brings over three decades of experience in wealth management and commercial banking, previously holding senior positions at Century Bank and Wells Fargo. BNY Mellon Wealth Management manages $305 billion in client assets as of June 30, 2021, and aims to enhance its banking growth in the West Region.

BNY Mellon will be represented by CEO Todd Gibbons and CFO Emily Portney at the Barclays Global Financial Services Conference on September 14, 2021, at 4:15 p.m. ET. The discussion will likely cover forward-looking statements and other significant insights.

A live audio webcast will be available on the BNY Mellon website, with an archived version accessible approximately 24 hours later. As of June 30, 2021, BNY Mellon managed $45.0 trillion in assets under custody and $2.3 trillion in assets under management.

BNY Mellon Investment Management announced the launch of the BNY Mellon Ultra Short Income ETF, set to start trading on the NYSE on August 11, 2021. With $2.3 trillion in assets under management, the ETF aims to provide higher yields with lower volatility compared to short-term bond funds and money market funds. This initiative marks a significant expansion in BNY Mellon’s ETF offerings, following the success of its initial suite, which amassed $845M in assets as of June 30, 2021. The firm plans to introduce additional active ETFs in the coming months.

BNY Mellon Wealth Management has appointed Daniel Gebhart as Regional Director and Head of Portfolio Management in New England. He will oversee investment management and wealth planning services while leading the wealth managers in the region. Gebhart has been with BNY Mellon since 2000 and previously held senior positions in Boston. This strategic appointment aims to enhance BNY Mellon's client services. As of June 30, 2021, the firm managed $305 billion in client assets and had $31.6 billion in AUM/AUA, indicating substantial market presence.

BNY Mellon Wealth Management has appointed Jeremy Gonsalves as the new National Director of Portfolio Management. With over 25 years of experience, Gonsalves has previously held various roles, including Managing Director for Portfolio Management in New England. He will oversee the firm's asset allocation and investment strategy, reporting to Leo Grohowski, the Chief Investment Officer. BNY Mellon Wealth Management manages $305 billion in total client assets as of June 30, 2021, and provides extensive financial services across investments and wealth planning.

BNY Mellon announced its plan to redeem all 3.55% Senior Notes due September 23, 2021, totaling $1.5 billion. The redemption date is set for August 23, 2021, where bondholders will receive the full principal plus accrued interest. After this date, the Notes will no longer be outstanding, and interest will cease to accrue. BNY Mellon manages $45 trillion in assets under custody and $2.3 trillion in assets under management as of June 30, 2021.

BNY Mellon has appointed Akash Shah as its first Chief Growth Officer, effective immediately. This new position will oversee Strategy, Marketing & Communications, and Global Client Management. Previously Senior Executive Vice President, Mr. Shah has been part of the Executive Committee, shaping BNY Mellon's strategies for client service and growth. He aims to drive momentum, focusing on innovative solutions for clients. As of June 30, 2021, BNY Mellon managed $45.0 trillion in assets under custody and $2.3 trillion in assets under management.

On July 15, 2021, the Bank of New York Mellon Corporation (NYSE: BK) declared a $0.34 per share quarterly common stock dividend, payable on August 9, 2021. The record date for this dividend is July 27, 2021. Additionally, various preferred stock dividends were announced, including $1,011.11 for Series A, $898.50 for Series E, $2,312.50 for Series F, $2,350.00 for Series G, and $925.00 for Series H, all payable on September 20, 2021 to holders of record by September 5, 2021.

The Bank of New York Mellon Corporation (BK) reported Q2 2021 results, showing a 16% increase in net income to $991 million, with diluted EPS rising 12% to $1.13. Total revenue decreased 1% to $4.0 billion, with fee revenue up 4% (10% excluding money market fee waivers), while net interest revenue fell 17%. The CET1 ratio stands at 12.6%. BNY Mellon also announced a 10% dividend increase and a $6 billion share repurchase program. AUC/A rose 21% to $45 trillion, indicating strong client activity.