BNY Mellon Investment Adviser, Inc. Announces Portfolio Manager Changes for Municipal Bond Closed-End Funds-# BNY Mellon Investment Adviser, Inc. Announces Portfolio Manager Changes for Municipal Bond Closed-End FundsShare---NEW YORK--([BUSINESS WIRE])--BNY Mellon Investment Adviser, Inc. announced changes to the portfolio management teams for BNY Mellon Strategic Municipal Bond Fund, Inc., BNY Mellon Strategic Municipals, Inc. and BNY Mellon Municipal Bond Infrastructure Fund, Inc. (each, a "Fund"). Each F ...

The Bank of New York Mellon Corporation (NYSE:BK) is one of the 10 Best Bank Stocks to Buy in 2026. JPMorgan raised its target price on BNY Mellon by 2.8% to $128.50 (from $125.00), while reiterating the firm’s Overweight call on the stock. This TP update comes as the firm updated its financial models for large-cap banks, following the release of Q4 2025 earnings. In its other bank TP updates, the firm noted that it prefers the banking sector for this market cycle. BNY Mellon released its Q4 2025 on Jan ...

BNY clients hedge dollar exposure by most since 2023, bank says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham/File Photo[1/2]An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham/File Photo [Purchase Licensing Rights, opens new tab]LONDON, Feb 13 (Reuters) - Clients of B ...

Core Insights - The hiring of Robin as CEO was a pivotal decision made by the Board, reflecting the need for a leader with a comprehensive skill set and familiarity with BNY's operations and products [1] Group 1 - The Board recognized the importance of hiring a CEO with extensive experience in operations, global markets, and risk management [1] - Robin's background and previous roles provided him with the necessary expertise to lead BNY effectively [1] - His familiarity with BNY's product offerings, particularly from the Global Financial Crisis (GFC), was a significant factor in his selection [1]

Summary of the Conference Call Industry Overview - The conference featured discussions on the digital assets and cryptocurrency industry, highlighting the involvement of key players such as WisdomTree, Galaxy Digital, and Helix [1][2]. Key Points and Arguments Macro Update on Cryptocurrency - A sharp correction in crypto prices occurred in the second half of 2025, continuing into 2026, despite a supportive regulatory environment from the White House [5][6]. - The correction was attributed to a mini credit correction in October 2025, resulting in $19 billion of leverage unwinding, which negatively impacted retail and crypto-native market participants [6]. - The current market is characterized by less demand for speculation and a higher bar for crypto to meet investment narratives [7]. - The infrastructure for crypto is seen as a bull market, with a belief that the narrative will follow once prices stabilize [7]. Regulatory Environment - The current administration is viewed positively regarding digital assets compared to the previous one, with the CLARITY Act expected to provide more regulatory clarity [11][12]. - WisdomTree's Tokenized Money Market Fund received recognition from the SEC for 24/7 trading and settlement on-chain, marking a significant innovation in the market [12]. - Galaxy Digital has engaged with the SEC to explore tokenizing its equity, indicating a shift towards regulatory collaboration [13][14]. Tokenization of Real-World Assets - There is a strong belief that eventually, all assets will be tokenized on-chain, with WisdomTree already offering a broad portfolio of tokenized real-world assets [15][16]. - The growth of stablecoins is seen as a critical driver for the on-chain economy, which will lead to increased demand for tokenized assets [17][18]. - The NYSE's decision to allow tokenized stocks to trade 24/7 is viewed as a significant advancement in financial infrastructure [19]. Future of ETFs and Investment Products - WisdomTree aims to be a leader in tokenizing ETFs, with expectations that this will happen sooner rather than later [22][26]. - The integration of blockchain technology into traditional financial products is anticipated to enhance efficiency and create new investment opportunities [24][25]. - The convergence of traditional finance and blockchain is expected to evolve over the next few years, with first movers likely to gain significant advantages [24][26]. Institutional Adoption and Market Dynamics - Institutional adoption of digital assets is progressing, with major banks exploring tokenized deposits and other blockchain initiatives [63][64]. - The wealth market in the U.S., valued at over $50 trillion, remains underpenetrated by crypto technology, presenting a significant opportunity for growth [65]. Other Important Insights - The discussion emphasized the importance of regulatory clarity and the need for financial institutions to adapt to the evolving landscape of digital assets [51][55]. - There is a recognition that the infrastructure for crypto is becoming a top priority for many financial institutions, indicating a shift from pilot programs to full-scale integration [29][30]. - The conversation highlighted the competitive landscape, where firms must either innovate or risk losing market share to more agile competitors [28][59]. This summary encapsulates the key discussions and insights from the conference call, focusing on the evolving landscape of digital assets, regulatory developments, and the future of tokenization in the financial industry.

Core Insights - Bank of New York Mellon Corporation (BK) is valued at $89 billion and is a leading American financial services and investment company, established in 2007 through a merger [1] Performance Overview - BNY stock has increased by 48.1% over the past 52 weeks and 9.9% year-to-date (YTD), significantly outperforming the S&P 500 Index, which gained 15.6% over the past year and 1.7% YTD [2] - The company has also outperformed the SPDR S&P Bank ETF (KBE), which rose by 13.5% over the past year [3] Financial Results - For fiscal 2025 fourth-quarter earnings, BNY reported total revenue of approximately $5.18 billion, reflecting a year-over-year increase of about 7%, driven by higher net interest income and fee revenue [5] - Adjusted earnings per share (EPS) were approximately $2.08, exceeding consensus expectations [5] - BNY Mellon oversees about $59.3 trillion in assets under custody and administration and $2.2 trillion in assets under management, reinforcing its status as the world's largest custodian bank [5] Future Expectations - Analysts project an adjusted EPS of $8.32 for the current year ending in December, representing a year-over-year increase of 10.9% [6] - The company has a strong earnings surprise history, having surpassed bottom-line estimates in each of the past four quarters [6] Analyst Ratings - Among 19 analysts covering the stock, the consensus rating is a "Moderate Buy," consisting of ten "Strong Buys," two "Moderate Buys," and seven "Holds" [6] - Recent analyst updates indicate improved confidence in the company's earnings outlook, with Citigroup raising its price target for BNY from $120 to $136 [7]

Core Insights - BNY Mellon has introduced 134 digital employees that operate continuously without breaks, distinguishing them from traditional AI agents [1][2] - The bank processes between $2.5 trillion to $3 trillion in daily settlements, with digital employees handling specific repetitive tasks to enhance human productivity [3][5] - BNY Mellon has invested nearly $4 billion in technology in 2025, representing 19% of its total revenue, the highest among large banking peers [9] Digital Employees - Digital employees at BNY are designed to perform specific tasks, such as identifying and fixing errors in payment processing, which were previously handled by humans [4][5] - The bank is not merely replacing human roles but is focusing on upskilling its workforce to be AI literate, with 99% of employees completing a training program named Eliza [6][7] AI Integration and Training - BNY has developed a platform called Eliza that integrates various AI models with internal data and compliance [6] - The bank aims to train 15,000 employees through an AI boot camp this year, focusing on automating tasks that previously took significant time [12][13] Future Outlook - BNY envisions a future where humans and machines work together, emphasizing productivity rather than job replacement [15][16] - The bank currently has 160 AI solutions in production, indicating a strong commitment to leveraging technology for operational efficiency [14]

Group 1 - The Bank of New York Mellon Corporation (NYSE:BK) is one of the largest publicly traded asset managers, with a recent price target increase from RBC Capital to $130 from $124 while maintaining a Sector Perform rating [1] - CEO Robin Vince is implementing a business strategy focused on three pillars: "Be More for Our Clients, Run Our Company Better, and Power Our Culture" [1] - The execution of this strategy has led to a breakdown of business unit silos and a reduction in expenditure inflation, which is expected to enhance earnings per share growth [1] Group 2 - The Bank of New York Mellon operates through four segments: Securities Services, Market & Wealth Services, Investment & Wealth Management, and Other [2]

Core Viewpoint - The Federal Open Market Committee (FOMC) has decided to pause interest rate cuts, maintaining rates between 3.50% and 3.75%, which may benefit certain financial stocks, particularly custody banks like BNY Mellon and State Street [1][2]. Group 1: FOMC Decision and Market Expectations - The FOMC's decision to hold rates was anticipated, with expectations that rates will remain stable until at least the June 16-17 meeting [2]. - Lower interest rates typically favor technology and growth stocks, but some financial stocks, particularly custody banks, may prefer rates to remain steady or even increase [2]. Group 2: Custody Banks Overview - BNY Mellon and State Street are leading custody banks, managing significant assets: BNY Mellon oversees $59.3 trillion, while State Street manages $53.8 trillion [4]. - These banks primarily generate revenue from servicing fees, with BNY Mellon earning approximately 70% of its $5.2 billion in fees and State Street about 75% of its $3.7 billion in fees in the fourth quarter [5]. Group 3: Revenue Sources and Interest Income - A portion of revenue for both banks comes from net interest income, with BNY Mellon earning around $1.35 billion and State Street $802 million last quarter [6]. - Higher interest rates lead to increased net interest margins for these banks, making them less sensitive to interest rate changes and competition, thus viewed as stable investments in a high-rate environment [7]. Group 4: Stock Performance and Analyst Ratings - Following the FOMC decision, State Street's stock rose approximately 2.5% to around $131 per share, while BNY Mellon's shares increased about 2% to $121 per share [8]. - Analysts consider both stocks as buys, with State Street having a median price target of $145 per share (11% upside) and BNY Mellon at $136 per share (13% return) [9].

Core Insights - BNY and Atlassian Williams F1 Team have announced a long-term partnership focused on performance and innovation [1][2] - BNY will support Williams, a historically successful Formula 1 team, as it aims to win again under new regulations [2][3] - The partnership aims to connect the finance world with the excitement of racing, leveraging Formula 1's global audience [4] Company Overview - BNY operates in over 100 global markets, helping organizations with investment, trading, and transactions [2] - As of December 31, 2025, BNY oversees $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management [8] - BNY serves over 90% of Fortune 100 companies and nearly all top 100 banks globally [8] Team Overview - Atlassian Williams F1 Team has won nine Constructors' World Championships and seven Drivers' World Championships, making it one of the most successful teams in Formula 1 history [2][7] - Founded in 1977, the team is based in Grove, Oxfordshire, and continues to focus on engineering excellence and fan engagement [7] Partnership Details - BNY branding will be featured prominently on the Williams FW48 car and team kit during the 2026 season [5] - The partnership will create opportunities for BNY to engage with clients and the financial community during the 24-race season [4][6] - Both organizations emphasize a commitment to innovation and long-term success [6]