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On September 30, 2024, SIT Investment Associates Inc, a prominent investment management firm, expanded its portfolio by acquiring 765,986 additional shares of BNY Mellon Municipal Income, Inc. (DMF, Financial). This transaction increased the firm's total holdings in DMF to 2,256,196 shares, marking a significant enhancement of its position by 51.40%.
The first nine months of 2024 were exceptional for the S&P 500 Index. The index rallied 21.4% during the period.
BK obtains SEC's approval to expand into bitcoin and ether ETFs and offer crypto-custody services to tap into the sector growth.
Bank of New York Mellon Corp.'s stock has drawn an upgrade to buy from Deutsche Bank on prospects for the financial giant to offer double-digit annual percentage growth in earnings per share at least through 2026.
This week has historically been the most bearish one in the history of the S&P 500 and the DJIA. Since 1928.
The survey looked at the current state of community banks across the country—and the findings reveal what community banks need to stay competitive and help their communities thrive NEW YORK, Sept. 23, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, released today the results of a 2024 survey of community banks that it conducted with the Harris Poll, a global market research firm.
Bank of New York Mellon is the largest custody bank globally, with $49.5 trillion in assets under custody and diversified revenue streams. The bank's dividend has shown resilience, growing at a 12.7% CAGR since 2009, with a conservative payout ratio and high safety ratings. Valuation suggests a 13% margin of safety based on a dividend discount model, with promising EPS growth compared to peers. All this suggests a buy rating.
NEW YORK , Sept. 18, 2024 /PRNewswire/ -- BNY will decrease the Prime Lending Rate by 0.50%, from 8.50% to 8.00%, effective Thursday, September 19, 2024.
NEW YORK , Sept. 18, 2024 /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 October 25, 2024 (CUSIP 06406RAY3) (the "Notes").
BK introduces the Alts Bridge platform to offer a comprehensive suite of alternative investment solutions to address rising demand among investors.