BK Stock Recent News

The Bank of New York Mellon Corporation's new preferred stock, BK-K, offers a 6.15% annual dividend, resetting every five years post-2030 based on the U.S. five-year Treasury rate plus 2.161%. BK-K is rated BBB by S&P, Baa1 by Moody's, and BBB+ by Fitch, trading at $25.67 with a current yield of 5.99% and a yield to call of 5.67%. BK has a strong history of dividend payments, with 25 years of uninterrupted distributions and a solid cushion to cover preferred dividends.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes?

U.S. Bancorp, The Bank of New York Mellon, Truist Financial and Northern Trust have been highlighted in this Industry Outlook article.

High funding costs, tariff-related uncertainty and poor asset quality will hurt the Zacks Major Regional Banks. Yet, interest rate cuts, decent loan demand and business restructuring will likely aid industry players like USB, BK, TFC & NTRS.

NEW YORK , March 17, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it will redeem all of the issued and outstanding Floating Rate Senior Notes due April 25, 2025 (CUSIP 06406RBE6) (the "Notes"). The Notes have an aggregate principal amount of $400,000,000.

Goldman Sachs is an acknowledged leader in the investment landscape on Wall Street and worldwide.

BK, TKOMY and MASS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 13, 2025.

Strategic investment builds on long-standing collaboration between the two organizations NEW YORK , March 13, 2025 /PRNewswire/ -- EquiLend, the global leader in technology, data and analytics solutions for the securities finance industry, today announced a minority investment from an affiliate of The Bank of New York Mellon Corporation (BNY) (NYSE: BK). BNY's investment represents a significant commitment to EquiLend and its suite of technology solutions.

NEW YORK , March 7, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it priced an underwritten public offering of 20,000,000 depositary shares, each representing a 1/4,000th interest in a share of its Series K Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $25 per depositary share), at a public offering price of $25 per depositary share ($500,000,000 aggregate public offering price). Dividends will accrue on the liquidation amount of $100,000 per share of the Series K preferred stock (equivalent to $25 per depositary share) at a rate per annum equal to 6.150% from the original issue date to, but excluding, March 20, 2030; and from, and including, March 20, 2030, at the "five-year treasury rate" (as defined in the preliminary prospectus supplement) as of the most recent reset dividend determination date plus 2.161%.

NEW YORK--(BUSINESS WIRE)--The Board of Directors of BNY Mellon Municipal Income, Inc. (the "Fund"), a registered closed-end fund, approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund (the "Acquiring Fund"), a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund. The proposed reorganization of the Fund is subject to certain conditions, including approval by the Fund's stockholders at a special meeting of stockholders scheduled to be hel.