Bank of New York Mellon Stock News

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable January 31, 2025 to shareholders of record on January ...

NEW YORK--(BUSINESS WIRE)--On December 18, 2024, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) declared a quarterly distribution of $2.00 per share of common stock. In addition, the Fund declared a special year-end distribution of $5.85 per share of common stock. Each distribution will be payable on January 3, 2025 to shareholders of record at the close of business...

Custody banking giant BNY Mellon stock (NYSE: BK) has had a solid year, rising by 57% since early January, almost 2x the return of the S&P 500 over the same period, aided by a surge in asset prices globally. In comparison, BNY Mellon's peer BlackRock (NYSE: BLK) is up 34% year-to-date.

BNY Mellon, the world's largest custodian bank, has shown strong post-pandemic momentum, consistently beating EPS estimates and growing revenues annually since 2020. Recent strategic expansions and operational improvements have positioned the company for further growth, reflected in a rising valuation. While the stock is currently fairly valued, a projected EPS CAGR of 12% plus robust sharehold...

Integration of BNY Pershing's Wove Platform Allows Sanctuary Partner Firms to Elevate Client Experience INDIANAPOLIS , Dec. 11, 2024 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), providing elite financial advisors the freedom, flexibility, control and choice to thrive in an evolving industry, has announced the expansion and enhancement of Sanctuary's multi-custodial wealth management platform. ...

NEW YORK , Dec. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced the appointment of Rajashree Datta as Deputy Chief Risk Officer. Ms. Datta will join the company on December 15 and be a member of BNY's Executive Committee.

NEW YORK & FLORHAM PARK, N.J.--(BUSINESS WIRE)--The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, and Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, have today announced a strategic alliance to connect insurers and pension acquirers with end-to-end pension risk transfer services in one place. ...

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable December 31, 2024 to shareholders of record on Decembe...