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Bank of New York Mellon Corp (BK.N)

BK.N on New York Stock Exchange

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23 Jan 2017
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Latest Key Developments (Source: Significant Developments)

BNY Mellon announces redemption of trust preferred securities
Thursday, 19 Jan 2017 04:30pm EST 

Bank Of New York Mellon Corp : BNY Mellon announces redemption of trust preferred securities . Bank Of New York Mellon Corp - all outstanding 6.369% preferred securities issued by Mellon Capital III will be redeemed on March 20, 2017 .Bank Of New York Mellon Corp - redemption price for 6.369% preferred securities will be equal to £50,000 per security.  Full Article

BNY Mellon names Jeff McCarthy CEO, exchange traded funds
Thursday, 12 Jan 2017 02:42pm EST 

Bank Of New York Mellon Corp : BNY Mellon names Jeff McCarthy CEO, exchange traded funds .Jeff Mccarthy has joined company in newly-created role of chief executive officer, exchange traded funds.  Full Article

Bank of New York Mellon raises stake in Munsun Capital
Friday, 23 Dec 2016 08:22am EST 

Hong Kong stock exchange disclosure :Shows Bank of New York Mellon Corp has added 263.7 million shares in Munsun Capital Group Ltd <1194.HK> on December 20, taking its holdings to 9.4 percent from 7.6 percent.  Full Article

BNY Mellon Launches Automated Medical Claims Payment Platform
Thursday, 17 Nov 2016 07:16am EST 

Bank Of New York Mellon Corp : Bank of New York Mellon Corp - Payments will be generated through electronic funds transfer, virtual payment card or paper check .BNY Mellon launches automated medical claims payment platform for property and casualty industry capable of reducing paper-based payments significantly.  Full Article

Elizabeth Robinson elected to BNY Mellon board of directors
Monday, 3 Oct 2016 08:09am EDT 

Bank Of New York Mellon Corp : Elected Elizabeth Robinson, former global treasurer of Goldman Sachs, as independent director, effective immediately . Elizabeth Robinson elected to BNY Mellon board of directors .With addition of Robinson, BNY Mellon's board will have 12 directors, 11 of whom are independent.  Full Article

BNY Mellon announces pricing of offering of $1 bln of depositary shares
Monday, 25 Jul 2016 08:20pm EDT 

Bank Of New York Mellon Corp : Bny Mellon announces pricing of public offering of $1 billion of depositary shares representing interests in preferred stock .Priced underwritten public offering of 1 million depositary shares at public offering price of $1,000 per depositary share.  Full Article

BNY Mellon announces pricing of offering of $1 bln of depositary shares
Monday, 25 Jul 2016 06:10pm EDT 

Bank Of New York Mellon Corp : Bny Mellon announces pricing of public offering of $1 billion of depositary shares representing interests in preferred stock .Priced underwritten public offering of 1 million depositary shares at public offering price of $1,000 per depositary share.  Full Article

Trian Fund Management's Edward Garden buys shares of Bank Of New York Mellon
Monday, 25 Jul 2016 05:56pm EDT 

Bank of New York Mellon Corp : Trian Fund's Edward Garden, who is also on the board of Bank Of New York Mellon, purchased the shares at price ranges between $38.64 to $39.01 .Trian Fund Management's Edward Garden reports open market purchase of 152,000 shares of Bank Of New York Mellon At $38.86 Each On 22 July - SEC filing.  Full Article

BNY Mellon announces public offering of depositary shares
Monday, 25 Jul 2016 09:08am EDT 

Bank Of New York Mellon Corp : Intends to use a portion of net proceeds from sale of depositary shares to repurchase up to $560 million of its common stock . Bny mellon announces public offering of depositary shares representing interests in preferred stock .Public offering of depositary shares with a liquidation preference of $100,000 per share.  Full Article

BNY Mellon reports Q2 adjusted non-GAAP earnings per share $0.76
Thursday, 21 Jul 2016 06:30am EDT 

Bank Of New York Mellon Corp : BNY Mellon reports second quarter earnings of $825 million or $0.75 per common share . Q2 adjusted non-GAAP earnings per share $0.76 . Q2 earnings per share view $0.75 -- Thomson Reuters I/B/E/S . Qtrly provision for credit losses was a credit of $9 million . Says net long-term outflows of $5 billion in 2Q 16 were driven by index investments . Q2 interest revenue down $12 million driven by negative impact of interest rate hedging activities, higher premium amortization adjustments . Qtrly total revenue was $3.8 billion, a decrease of 3%, or 2% on an adjusted basis . Announces capital plan that includes share repurchases of up to $2.7 billion, and about 12 percent increase in quarterly dividend . Says aum of $1.66 trillion at quarter-end decreased 2% reflecting net outflows primarily in 2015 . Says net short-term inflows totaled $4 billion in 2q16 .Q2 revenue view $3.79 billion -- Thomson Reuters I/B/E/S.  Full Article