Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Skyward Specialty Insurance Group, Inc. (SKWD) : This insurance holding company which is engaged in underwriting commercial property and casualty insurance coverages principally in the United States, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.Koninklijke Philips (PHG) : This health technology company which, provides diagnosis & treatment Businesses, connected care businesses ...

The Bank of New York Mellon Corporation (NYSE:BK) Q4 2023 Earnings Conference Call January 12, 2024 1:00 PM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President and Chief Executive Officer Dermot McDonogh - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Brian Bedell - Deutsche Bank Ebrahim Poonawala - Bank of America Securities Ken Usdin - Jefferies Glenn Schorr - Evercore ISI Manan Gosalia - Morgan Stanley Ger ...

Key TakeawaysBank of New York Mellon Corp. exceeded profit and revenue estimates Friday as it reported that fourth-quarter interest revenue increased.The bank's assets under custody of an administrator and assets under management (AUM) both rose 8% for the latest quarter.Shares of Bank of New York Mellon jumped Friday to their highest price since February 2022.Bank of New York Mellon Corp. (BK) shares advanced roughly 4% Friday afternoon as the bank posted better-than-expected results because of surging net ...

Bank of New York Mellon Corporation’s (BK) fourth-quarter 2023 adjusted earnings of $1.28 per share surpassed the Zacks Consensus Estimate of $1.12. However, the bottom line reflects a fall of 1.5% from the prior-year quarter.Results have been primarily aided by a rise in net interest revenues and fee revenues. The assets under management (AUM) balance witnessed a rise, which was another major positive for the company. However, higher expenses have hurt the results to some extent. Also, the credit quality w ...

4Q FINANCIAL 23 HIGHLIGHTS AGENDA PAGE 1 4Q and FY 2023 Financial Results 1 Financial Outlook 2 • 2024 Outlook 13 ...

The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post earnings of $1.14 per share when it actually produced earnings of $1.27, delivering a surprise of 11.40%.Over the last four ...

NEW YORK, Jan. 12, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors declared dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.42 per share, payable on February 2, 2024 to shareholders of record as of the close of business on January 22, 2024. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend p ...

NEW YORK, Jan. 12, 2024 /PRNewswire/ -- BNY Mellon has reported financial results for the fourth quarter 2023. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bnymellon.com/investorrelations. Management will host a conference call and simultaneous live audio webcast at 1:00 p.m. ET today. This conference call and audio webcast will include forward-looking statements and may include other material information. Conference C ...

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (the "Tender Offer") with the following terms: Number of Shares 2.5% of the Fund's outstanding shares as of December 31, 2023 Commencement Date January 17, 2024 Expiration Date and Time February 13, 2024 at 5:00 p.m. Eastern Time, unless otherwise extended Price Net asset value per s ...

NEW YORK--(BUSINESS WIRE)--BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0300 per share of common stock, payable on February 1, 2024 to shareholders of record at the close of business on January 19, 2024. The ex-dividend date is January 18, 2024. The previous distribution announced in December was $0.0300 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected p ...