Following the declaration of 2024 stress test results, The Bank of New York Mellon Corp. (BK) announced its plans to increase the quarterly cash dividend by 11.9% to 47 cents per share, beginning as early as the third quarter of 2024, subject to board approval. Last week, the Federal Reserve disclosed the results of its 2024 bank stress test, which exhibits the robustness and strength of BNY Mellon’s business model and capital position. The Fed further informed that the company’s preliminary Stress Capital ...