BK Stock Recent News

Shares of Bank of New York Mellon, now known simply as BNY (BK), hit an all-time high Friday after the bank posted better-than-expected results and raised its dividend.

The Bank of New York Mellon Corporation (NYSE:BK ) Q2 2024 Earnings Call Transcript July 12, 2024 9:30 AM ET Company Participants Marius Merz - Head of IR Robin Vince - President and CEO Dermot McDonogh - CFO Conference Call Participants Ken Usdin - Jefferies Glenn Schorr - Evercore ISI Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research Brennan Hawken - UBS Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Alex Blostein - Goldman Sachs Gerard Cassidy - RBC Brian Bedell - Deutsche Bank Rajiv Bhatia - Morningstar Operator Good morning and welcome to the 2024 Second Quarter Earnings Conference Call hosted by BNY. At this time, all participants are in a listen-only mode.

Shares of Bank of New York Mellon Corp. ran up into record territory Friday, after the trust bank reported a second-quarter earnings beat and approved a 12% boost to its dividend.

Leading independent broker-dealer & RIA with over $6B in assets under management expands and enhances its wealth management platform CHICAGO , July 12, 2024 /PRNewswire/ -- Arete Wealth, a full-service Broker-Dealer (BD) and Registered Investment Advisory Firm (RIA), has announced the expansion of its clearing and multi-custodial wealth management platform via long-term clearing, custody, and technology agreements with BNY Pershing, a leading provider of global financial business solutions. As part of the agreement, advisors from Arete Wealth will now have access to BNY Pershing X's Wove wealth management platform, designed to help registered investment advisors, broker-dealers, and wealth management firms connect an investor's full financial picture in one place through offerings such as Wove Investor, Wove Data, and Wove Advisory's Portfolio Solutions.

The headline numbers for The Bank of New York Mellon (BK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

BNY Mellon reported strong Q2 results that surpassed analyst estimates and increased its dividend by 12%, driven by solid fee growth and increases in total deposits and assets under management. The bank posted an adjusted earnings per share (EPS) of $1.51, beating the estimated $1.43.

BNY Mellon (BK) records a decline in expenses and higher revenues in the second quarter of 2024.

The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.38 per share a year ago.

NEW YORK , July 12, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, today announced that its Board of Directors declared dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.47 per share, payable on August 2, 2024 to shareholders of record as of the close of business on July 22, 2024. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in September 2024, in each case payable on September 20, 2024 to holders of record as of the close of business on September 5, 2024: $1,577.81 per share on the Series A Preferred Stock (equivalent to $15.778051 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock); $2,312.50 per share on the Series F Preferred Stock (equivalent to $23.1

NEW YORK , July 12, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), the global financial services company, has reported financial results for the second quarter 2024. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bny.com/investorrelations.