NEW YORK, June 28, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced its intention to increase its quarterly cash dividend on its common shares by 12% from $0.42 to $0.47 per share, commencing as early as the third quarter of 2024, subject to approval by the company's Board of Directors. On June 26, 2024, the Federal Reserve released the results of its 2024 bank stress test, which demonstrate the resilience and strength of ...

The Bank of New York Mellon Corporation's (BK) global expansion efforts, robust assets under management balance and solid balance sheet are expected to keep aiding the top line. The company's business transformation plan will likely bolster market share. Analysts seem optimistic regarding BK's earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for BNY Mellon's current-year earnings has been revised marginally higher. In the past three months, BK shares have gained 2.4% compared w ...

NEW YORK, June 18, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced the appointment of Leigh-Ann Russell as Chief Information Officer and Global Head of Engineering. Ms. Russell will join the company on September 15, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee. "I am delighted to welcome Leigh-Ann to BNY," said Robin Vince, President and CEO. "Our ...

NEW YORK, June 6, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced that it will redeem all of the issued and outstanding 3.430% Fixed Rate / Floating Rate Callable Senior Notes due June 13, 2025 (CUSIP 06406RBF3) (the "Notes"). The Notes have an outstanding aggregate principal amount of $362,688,000. The redemption date for the Notes is June 13, 2024 (the "Redemption Date"). The redemption price for the Notes will ...

The Bank of New York Mellon Corporation (BK) has launched customized tax solutions, along with expanding its direct indexing suite, BNY Mellon Precision Direct Indexing. The move is expected to help advisors select a strategy that best aligns with their clients’ investment goals and objectives. The BNY Mellon Precision Direct Indexing will be available through BNY Mellon Pershing X’s Wove platform and BNY Mellon Investment Management. Along with the expanded direct indexing suite, tax transition management ...

The Bank of New York Mellon (BK) announced a bundled offering through Pershing, its subsidiary, enabling advisors to gain accessibility to a wide range of capabilities across BNY Mellon’s leading platforms, including BNY Mellon Investment Management and BNY Mellon Advisors. The offering aims to cater to the investors’ financial needs, which are becoming more complex over time. Through bundling, BK will be delivering a holistic, comprehensive and simplified offering to enable advisors to focus more of their ...

BOLD® Future offers retail clients the opportunity to make a social impact through Dreyfus' flagship money fund in partnership with Howard University NEW YORK, June 5, 2024 /PRNewswire/ -- Dreyfus, BNY Mellon's affiliated liquidity manager, today announced the launch of BOLD® Future, a new share class for retail investors of the Dreyfus Government Cash Management fund. Building on the demand from institutional investors for BOLD, which stands for Black Opportunity for Learning and Development, BOLD Future w ...

The added features include the wealth management platform's first tool designed for investors and a cloud- based tool created for C-suite financial executives to better manage enterprise data NEW YORK, June 4, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, announced today new enhancements to Pershing X's Wove platform, which is designed to help registered investment advisors, broker-dealers and wealth management firms connect an ...

BNY Mellon's managed accounts ecosystem brings unique value and access for advisors The bundled offering enables RIAs, broker-dealers and banks to use multiple solutions provided by BNY Mellon at a discount and could see up to 40% in savings1 NEW YORK, June 4, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE:BK), the global financial services company, today announced at its INSITE conference a bundled offering delivered through Pershing that enables financial advisors to acc ...

Financial advisors, broker-dealers and RIAs can now access customized tax solutions and an expanded range of direct indexing strategies that provide a variety of market exposures NEW YORK, June 4, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, today announced the launch of customized tax solutions and the expansion of its direct indexing suite, BNY Mellon Precision Direct IndexingSM. This evolution will allow advisors to select ...