The Bank of New York Mellon Corporation (BK) is scheduled to report second-quarter 2024 results on Jul 12, before market open. The company’s revenues and earnings are expected to have witnessed increases in the quarter on a year-over-year basis.In the last reported quarter, BK’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in fee revenues, particularly investment services fees. The assets under custody and/or administration and assets under management balance grew ...

In its upcoming report, The Bank of New York Mellon Corporation (BK) is predicted by Wall Street analysts to post quarterly earnings of $1.43 per share, reflecting an increase of 3.6% compared to the same period last year. Revenues are forecasted to be $4.54 billion, representing a year-over-year increase of 1.9%.The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated th ...

NEW YORK, July 2, 2024 /PRNewswire/ -- BNY has appointed Jose Minaya as Global Head of BNY Investments and Wealth.  Mr. Minaya will join the company on September 3, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee. This appointment follows Hanneke Smits's decision to retire; she will continue in her current role until September 3, at which time she will transition to Chair of BNY Investments through the end of 2024 to support a seamless ...

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 ...

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 wit ...

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. "O ...

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 an ...

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 t ...