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 ...

NEW YORK, May 17, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global financial services company, will report financial results for the second quarter 2024 on Friday, July 12, 2024. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. ET, and management will host a conference call and simultaneous live audio webcast at 9:30 a.m. ET that same day. This conference call and audio webcast will include forward-looking statements and may includ ...

A month has gone by since the last earnings report for The Bank of New York Mellon Corporation (BK) . Shares have added about 8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is The Bank of New York Mellon due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. BNY Mellon Q1 ...

The announcement was made during the 25th Annual Bronx Week Bankers Breakfast sponsored by the Business Initiative Corporation of NY and Bronx Economic Development Corporation, hosted by Bronx Borough President Vanessa L. Gibson NEW YORK, May 10, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, today announced a collaboration with Ponce Bank, a Bronx-based Minority Deposit Institution (MDI), as part of the U.S. Treasury Department's Financial Agent Mentor-Protégé Program. Th ...

The Bank of New York Mellon Corp. (BK) remains well-poised for revenue growth on the back of a strong balance sheet, higher rates and expansion initiatives. However, an elevated expense base and concentrated revenues from fee income are concerns.High interest rates continue to support BNY Mellon’s net interest revenues (NIR) and net interest margin (NIM), though a rise in funding costs exerts pressure on both.The company’s NIR witnessed a compound annual growth rate (CAGR) of 3.8% over the five years ended ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-2614959 (State or other jurisdiction of incorporation or org ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has The Bank of New York Mellon Corporation (BK) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.The Bank of New York Mellon Corporation is one of 859 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yie ...

Core Viewpoint - The Bank of New York Mellon Corp. has agreed to divest BNY Trust Company of Canada to Computershare, aligning with its strategy to expand in foreign markets while Computershare aims to enhance its corporate trust business in North America [1][2]. Company Summary - The divestiture is expected to be completed in the second quarter of 2024, pending customary and regulatory approvals, with financial terms undisclosed [1]. - BNY Trust Company of Canada, established in 2001, provides a variety of trust and agency services to clients in Canada, managing approximately 1,800 corporate trust mandates [1]. - All relevant staff will transition to Computershare, ensuring a smooth business and employee transition [2]. - BNY Mellon remains focused on strategic acquisitions and divestitures to penetrate overseas markets and improve profitability, having previously divested BNY Alcentra Group Holdings in 2022 and acquired Optimal Asset Management in 2021 [2]. Industry Context - Other financial services firms are also pursuing similar divestiture strategies, such as HSBC's sale of its Argentina business for $550 million to focus on Asian operations, incurring a $1 billion pre-tax loss [5]. - Goldman Sachs completed the sale of GreenSky, a home-improvement lending platform, as part of a major restructuring initiative, having acquired it for $1.7 billion in 2022 [6].

The Bank of New York Mellon Corporation’s (BK) first-quarter 2024 adjusted earnings of $1.29 per share handily outpaced the Zacks Consensus Estimate of $1.19. Also, the figure reflected a rise of 14% from the prior-year quarter.Further, BK’s total revenues grew 3% year over year to $4.53 billion. The top line also beat the Zacks Consensus Estimate of $4.38 billion.The primary driver for the increase in top line was an improvement in fee income and assets under custody and/or administration (AUC/A) and asset ...