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United States

Bank of New York Mellon Corp (BK)

BK on New York Consolidated

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Bank Of New York Mellon issues Q4, full-year guidance
Thursday, 19 Oct 2017 09:29am EDT 

Oct 19 (Reuters) - Bank Of New York Mellon Corp :Bank of New York Mellon - ‍"expect performance fees in investment management business in Q4 will be similar to Q4 of 2016" - conf call.Bank of New York Mellon - ‍investment in other income for Q4 & beyond expected to be in $40 million to $60 million range - conf call.Bank of new york mellon - expect total adjusted expenses for full year in line with prior guidance or about 1% higher than last year - conf call.Bank of new york mellon - "expect to generate positive operating leverage for the full year" - conf call.Bank of new york mellon - full year net interest revenue still expected to be at high end of 4% to 6% range given previously - conf call.Bank of new york mellon - "drop in average deposits in q3 attributable to one large client" - conf call.Bank of new york mellon - On blockchain: "we do have a fair amount of work going on inside the company focused on blockchain" - conf call.  Full Article

BNY Mellon reports Q3 earnings per share $0.94
Thursday, 19 Oct 2017 06:30am EDT 

Oct 19 (Reuters) - Bank Of New York Mellon Corp :BNY Mellon reports third quarter earnings of $983 million or $0.94 per common share.Q3 earnings per share $0.94.Q3 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.Bank of New York Mellon Corp - qtrly ‍provision for credit losses was a credit of $6 million​.Bank of New York Mellon Corp qtrly net interest revenue $839‍​ million versus $774 million.Bank of New York Mellon Corp - qtrly ‍total revenue of $4.0 billion, increased 2 pct​.Bank of New York Mellon Corp qtrly total GAAP revenue $‍​4,016 million versus $3,941 million.Bank of New York Mellon Corp - AUM of $1.82 trillion increased 6 pct at quarter-end​.Bank of New York Mellon Corp - qtrly non-GAAP total revenue $4,013‍​ million versus $3,932 million.Bank of New York Mellon Corp - ‍net short-term inflows of $10 billion in 3Q17​.Q3 revenue view $4.00 billion -- Thomson Reuters I/B/E/S.  Full Article

Goldman Sachs redeems outstanding depositary shares
Wednesday, 18 Oct 2017 06:37pm EDT 

Oct 18 (Reuters) - Goldman Sachs Group Inc : :Goldman Sachs announces redemption of all outstanding depositary shares representing interest in its 5.95% non-cumulative preferred stock, Series I.Goldman Sachs-depositary shares will be redeemed for $25 per depositary share plus any dividends that have accrued but not been paid.Goldman Sachs-with redemption of Series I preferred stock, the bank of New York Mellon will redeem depositary shares on the redemption date.  Full Article

BNY Mellon, HSBC partner with bond market services co Algomi
Tuesday, 17 Oct 2017 08:01am EDT 

Oct 17 (Reuters) - Bank Of New York Mellon Corp :Bond market infrastructure provider algomi says bny mellon, hsbc partnering with co to expand corporate bond trading opportunities for custody clients​.  Full Article

BNY Mellon Investment Management​ ‍to sell CenterSquare Investment Management
Wednesday, 20 Sep 2017 11:00am EDT 

Sept 20 (Reuters) - BNY Mellon Investment Management​::Sale of CenterSquare business to CenterSquare Management and Lovell Minnick Partners​.‍Entered agreement to sell business of real assets investment boutique CenterSquare Investment Management.Terms of transaction were not disclosed.  Full Article

Bank of New York Mellon ‍issued $750 mln of its 3.300% senior subordinated medium-term notes
Wednesday, 23 Aug 2017 06:16pm EDT 

Aug 23 (Reuters) - Bank Of New York Mellon Corp :Bank of New York Mellon Corp - ‍Issued $750 million aggregate principal amount of its 3.300% senior subordinated medium-term notes series K due 2029​.  Full Article

Nicholas Donofrio to retire from Bank of New York Mellon board effective sept 30
Thursday, 17 Aug 2017 05:08pm EDT 

Aug 17 (Reuters) - Bank Of New York Mellon Corp :Bank of New York Mellon Corp - on Aug 14, Nicholas Donofrio notified co of his decision to retire from co's board effective Sept 30 - SEC filing‍​.  Full Article

Bank of New York Mellon Q2 earnings per share $0.88
Thursday, 20 Jul 2017 06:30am EDT 

July 20 (Reuters) - Bank Of New York Mellon Corp :Qtrly provision for credit losses was a credit of $7 million versus a credit of $9 million .BNY mellon reports second quarter earnings of $926 million or $0.88 per common share.Q2 earnings per share $0.88.Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S.qtrly ‍total revenue of $3.96 billion, increased 5% year-over-year​.‍approved quarterly common stock dividend increase of 26% to $0.24 per share and repurchase of up to $3.1 billion of common stock​.At Q2-end, ‍AUM of $1.77 trillion increased 6% reflecting higher market values and net inflows​.Q2 net interest revenue $826‍​ million versus $767 million.qtrly non-GAAP total revenue $3,953 million versus. $3,772 million.Q2 revenue view $3.89 billion -- Thomson Reuters I/B/E/S.  Full Article

Charles W. Scharf appointed CEO of BNY Mellon to become chairman
Monday, 17 Jul 2017 07:29am EDT 

July 17 (Reuters) - Bank Of New York Mellon Corp :Charles W. Scharf appointed CEO of BNY Mellon; to become chairman on January 1, 2018.Bank of New York Mellon Corp - ‍gerald L. Hassell will remain chairman of board through his retirement on December 31, 2017​.Bank of New York Mellon Corp - ‍gerald L. Hassell will continue to serve as chairman of board through December 31, 2017​.Bank of New York Mellon Corp - Scharf was most recently chief executive officer and director of Visa Inc. from October 2012 through December 2016.  Full Article

BNY Mellon, One Investment Group announce strategic alliance
Wednesday, 28 Jun 2017 06:00pm EDT 

June 28 (Reuters) - Bank Of New York Mellon Corp ::BNY Mellon and One Investment Group create strategic alliance to deliver global custody services to Australian fund managers.Bank Of New York Mellon - agreement provides OIG clients with access to co's global network, international custody and capital markets services.  Full Article

BRIEF-Bank Of New York Mellon issues Q4, full-year guidance

* Bank of New York Mellon - ‍"expect performance fees in investment management business in Q4 will be similar to Q4 of 2016" - conf call