Bank New York Mellon Corp - BK STOCK NEWS

BNY Mellon will participate in the 22nd Annual Credit Suisse Virtual Financial Services Forum on February 25, 2021, at 11:20 a.m. ET. CFO Emily Portney and CTO Bridget Engle will discuss forward-looking statements and other key information during the event. A live audio webcast will be accessible on the BNY Mellon website, with an archived version available after 5 p.m. ET on the same day until March 25, 2021. As of December 31, 2020, BNY Mellon managed $41.1 trillion in assets under custody and $2.2 trillion in assets under management.

The Bank of New York Mellon Corporation (NYSE: BK) has announced a quarterly common stock dividend of $0.31 per share, payable on February 12, 2021, to shareholders recorded by February 1, 2021. Additionally, the Board declared dividends on preferred stock, with payments due on March 22, 2021. Key amounts include $1,011.11 for Series A, $924.82 for Series E, $2,312.50 for Series F, $2,350.00 for Series G, and $1,408.06 for Series H. BNY Mellon reported $41.1 trillion in assets under custody as of December 31, 2020.

The Bank of New York Mellon Corporation (BK) reported a 20% decline in revenue for Q4 2020, totaling $3.84 billion, with a 48% drop in EPS to $0.79. Excluding notable items, revenue fell 2%, and EPS decreased 5%. The net income applicable to common shareholders was $702 million, reflecting a 50% year-over-year decline. Despite challenges, the company reported strong metrics in assets under custody, with AUC/A at $41.1 trillion, an 11% increase. The CEO emphasized operational resilience and technology investments as critical for future growth.

Goodwill Industries of Greater New York and Northern New Jersey has secured $1 million from the New York City Council for its Bridge to Technology program, aimed at enhancing tech skills among New Yorkers. The funding includes contributions from BNY Mellon and the NYC Human Resources Administration. The initiative, in partnership with Per Scholas, targets individuals in city-wide Career Services programs, seeking to equip them for advanced technology training and on-demand jobs. The goal is to enroll 100 participants in this pilot program.

BNY Mellon has been selected by Janus Henderson to implement a global data management platform aimed at enhancing investment information access across the firm. This cloud-based solution is set to consolidate Janus Henderson's information sources into a unified data architecture, aligning with their technological strategy. The collaboration not only reflects BNY Mellon's leadership in cloud data solutions but also underscores its commitment to support clients in managing complex investment assets efficiently. As of September 2020, BNY Mellon managed $38.6 trillion in assets under custody.

BNY Mellon and Amundi have established a transatlantic collaboration aimed at enhancing growth through integrating their technological platforms. The integration involves BNY Mellon OMNI and Amundi's ALTO, providing clients with improved portfolio management, risk management tools, and operational efficiencies. Key benefits include real-time insights for investment decisions, increased automation, reduced risk, and enhanced innovation. This alliance enhances the investment lifecycle for asset managers, ultimately aiming to optimize investment decision-making and ensure data consistency for better risk management.

BNY Mellon Investment Management has appointed Dawn Tutje as the Head of Financial Institutions Group in North America. Reporting to Andy Provencher, she will lead the go-to-market strategy for the firm's multi-asset investment platform across various channels, including Subadvisory/Insurance and Private Banking. Dawn brings significant experience from her previous role at Morgan Stanley Investment Management and various other firms. BNY Mellon manages $2 trillion in assets, continuing its strong position in the investment management industry.

On January 6, 2021, BNY Mellon Investment Management announced the appointment of Euan Munro as the new CEO of Newton Investment Management, pending approval from the Financial Conduct Authority in the UK. Munro, who will begin on June 23, 2021, brings over three decades of investment expertise, previously serving as CEO of Aviva Investors. He aims to enhance Newton's investment offerings, leveraging the firm's reputation in responsible investment. Andrew Downs will act as interim CEO until Munro's arrival.

BNY Mellon Wealth Management has appointed Charmaine Tang as Senior Client Strategist in Dallas. With over 25 years of experience in investment banking and private banking, she will cater to the wealth management needs of high net worth clients, family offices, and non-profit foundations. Charmaine's background includes senior roles at J.P. Morgan and Bank of America. This strategic move aims to enhance BNY Mellon's Active Wealth framework and strengthen its expertise in serving Endowments and Foundations, augmenting its $265 billion in total client assets as of September 2020.