45.92 0.00 (0.00%)
After hours: 4:57PM EST
|Bid||45.96 x 1100|
|Ask||45.99 x 800|
|Day's Range||45.20 - 46.01|
|52 Week Range||40.52 - 54.27|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||10.18|
|Earnings Date||Apr 15, 2020|
|Forward Dividend & Yield||1.24 (2.74%)|
|Ex-Dividend Date||Jan 23, 2020|
|1y Target Est||52.82|
BNY Mellon will report financial results for the first quarter 2020 on Thursday, April 16, 2020. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. EDT, and management will host a conference call and simultaneous live audio webcast at 8 a.m. EDT that same day. This conference call and audio webcast will include forward-looking statements and may include other material information.
Mike Santomassimo, Chief Financial Officer, and Lester Owens, Head of Operations, will speak at the Credit Suisse Annual Financial Services Forum in Miami at 1:20 p.m. EST on Thursday, February 27, 2020. The discussion may include forward-looking statements and other material information.
Fed Vice Chairman Randal Quarles said he is "optimistic" about the economic outlook despite Coronavirus risks. He also floated possible bank changes to bank rules.
Moody's Investors Service has assigned a Aa2 rating to the Dormitory Authority of the State of New York's (DASNY) Master BOCES Program Lease Revenue Bonds (Onondaga, Cortland and Madison Issue), Series 2020. The Aa2 rating assignment for the financing is on par with the Aa2 of the intercept program and reflects the direct payment of state BOCES (Board of Cooperative Educational Services) aid, strong debt service coverage of maximum annual debt service by interceptable state aid, satisfactory schedule of state aid distribution relative to debt service, and the presence of a conduit issuer.
At this time the amendment, in and of itself, will not result in any changes to the credit quality of the program's notes. Great Bridge Capital Company, LLC ("Great Bridge"), a fully supported multi-seller ABCP program sponsored by Liberty Hampshire Company, LLC and managed by Guggenheim Treasury Services, LLC has amended its program documents. Great Bridge has approximately $1.77 billion in outstanding ABCP.
BNY Mellon Wealth Management has named Sarah R. Williamson as a Senior Wealth Strategist in Denver, CO. Williamson will be responsible for providing expert advice to high net worth clients and prospects on key wealth planning areas, including estate planning, investment management, family law and trusts. She reports directly to Regional President Eunice H. Kim and started in the role on January 10, 2020.
BNY Mellon Wealth Management has named Kyle Manley as a Senior Client Strategist in Dallas, TX. Manley will be responsible for leading key business development initiatives across the region for business owners, family offices and tax-exempt organizations, reporting directly to Regional President Todd Carlton. He began in the role on December 2, 2019.
The Issuer is a cash flow CLO managed by CVC Credit Partners European CLO Management LLP. The CLO is backed by a EUR400M portfolio of non-investment-grade broadly syndicated loans and other assets that the manager purchases from and trades in the primary and secondary markets.
It's also put into place a ban on employee travel within China, to and from China from Asia Pacific and elsewhere in the world.
The financial sector is comprised of companies that offer services broadly aimed at providing loans, insurance, and money management services for individuals and firms. That list of services includes retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerages.
The Bank of New York Mellon Corporation ("BNY Mellon") today announced that it will redeem all of the issued and outstanding 2.150% Notes due February 24, 2020 (CUSIP 06406HCZ0) (the "notes"). The notes have an aggregate principal amount of $1,250,000,000.
Sen. Elizabeth Warren, citing concerns for home values and more, has called on big banks to disclose their plans to recognize and offset climate-change risks.
The Bank of New York Mellon has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
The Bank of New York Mellon Corporation (NYSE:BK) shares fell 8.6% to US$46.18 in the week since its latest full-year...
BARRON'S TAKE (STT) stock is surging this morning after beating Wall Street estimates. Shares of State Street (ticker: STT) are up more than 4% Friday morning. The stock is up 19% from Jan. 17, 2019 through yesterday’s close, compared with the S&P 500’s 29% rise, including dividends, over the same period.
Citizens Financial's (CFG) Q4 earnings reflect capital strength and higher fee income, partially offset by escalating expenses and provisions.
U.S. stocks on Thursday notched solid gains, with a late-session flourish deeper into record territory for good measure, one day after President Trump signed the first phase of a U.S.-China trade pact and on the day the Senate ratified a revised trade treaty between the U.S. Mexico and Canada. The Dow Jones Industrial Average rose 267 points, or 0.9%, to close around 29,298, the S&P 500 index gained 28 points, or 0.8% to end the session at roughly 3,317 and the Nasdaq Composite index rallied about 98 points, or 1.1% to close at 9,357. All three benchmarks finished at all-time highs. Investors have cheered the details of the U.S.-China trade pact, which includes promises by the Chinese to buy $200 billion in incremental exports from the U.S., and sentiment was also BUOYED by a new North American trade treaty, formerly known as Nafta, set to reach the president's desk. Economic data were also encouraging, with the government reporting that retail sales rose 0.3% in December, in line with expectations, and new applications for jobless benefits fell by 10,000 to near 50-year lows in the week ended Jan. 11. The Philly Fed manufacturing index also rose above expectations, while a survey of home builders showed confidence in the industry near 20-year highs. In company news, Morgan Stanley shares rose 7.1% after beating expectations for fourth-quarter earnings and revenue, while shares of Bank of New York Mellon Corp. tumbled 7.7% as investors balked at a fourth-quarter revenue miss and projections of rising costs in 2020.
Technology investment is a big priority for BNY Mellon this year. Interim CEO Todd Gibbons told analysts during the international investments firm’s fourth-quarter earnings call on Thursday that it expects the tech spend "to exceed the $3 billion spent in 2019,” itself a 10% increase from 2018. BNY Mellon did not break out severance in its earnings report, nor did it disclose the number of jobs cut.
Morhan Stanley reported fiscal fourth-quarter earnings that beat on the top and bottom lines. The bank's investment management division posted $1.36 billion in revenue, nearly 100% growth from a year ago. Yahoo Finance’s Brian Cheung joins Seana Smith on The Ticker to discuss.