BK Stock Recent News

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.

NEW YORK , March 5, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that The Bank of New York Mellon, its wholly-owned subsidiary, will redeem all of its issued and outstanding Floating Rate Callable Senior Bank Notes due March 13, 2026 (CUSIP: 06405LAE1) (the "Notes"). The Notes have an aggregate principal amount of $500,000,000.

NEW YORK , March 3, 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 500,000 depositary shares, each representing a 1/100th interest in a share of its Series J Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share), at a public offering price of $1,000 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 J preferred stock (equivalent to $1,000 per depositary share) at a rate per annum equal to 6.300% 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 2.297%.

OpenAI launched a multiyear agreement with BNY, the oldest bank in the United States. The partnership gives BNY — formerly Bank of New York Mellon — access to OpenAI artificial intelligence tools like the company's Deep Research in hopes of boosting the bank's in-house AI platform, Eliza, The Wall Street Journal reported Wednesday (Feb. 26).

Bank Of New York Mellon Upgraded To Buy As Further Upside Expected In 2025

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NEW YORK , Feb. 21, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, will report financial results for the first quarter 2025 on Friday, April 11, 2025. Materials will be posted to BNY's website at approximately 6:30 a.m.

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NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced the final results of its quarterly tender offer (the "Tender Offer") for up to 2.5% of the Fund's issued and outstanding shares of common stock (the "Shares"). The Tender Offer, which expired at 5:00 p.m. Eastern time on February 18, 2025, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tenderin.

NEW YORK--(BUSINESS WIRE)--Cantilever Group, an independent investment firm focused on middle-market GP stakes, is pleased to announce the appointment of Liz Robinson to its Advisory Board. Ms. Robinson brings a wealth of experience from her distinguished 26-year career at Goldman Sachs. During her tenure, she held a number of roles, including Global Treasurer and Partner, where she was responsible for managing the firm's liquidity risk, balance sheet and capital. Ms. Robinson also co-chaired t.