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Bank of New York Mellon Corp (BK.N)

BK.N on New York Stock Exchange

56.61USD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

BNY Mellon Reports Q4 Earnings Of $1.08 Per Share
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Bank Of New York Mellon Corp ::BNY MELLON REPORTS FOURTH QUARTER EARNINGS OF $1.13 BILLION OR $1.08 PER COMMON SHARE.Q4 EARNINGS PER SHARE $1.08.Q4 EARNINGS PER SHARE VIEW $0.90 -- THOMSON REUTERS I/B/E/S.IN QUARTER, U.S. TAX LEGISLATION ESTIMATED NET BENEFIT OF $427 MILLION, OR $0.41 PER COMMON SHARE.QTRLY SEVERANCE, LITIGATION AND OTHER CHARGES OF $246 MILLION, OR $0.24 PER COMMON SHARE ‍​.QTRLY TOTAL REVENUE OF $3.7 BILLION, DECREASED 2 PCT.QTRLY PROVISION FOR CREDIT LOSSES WAS A CREDIT OF $6 MILLION‍​.RETURNED NEARLY $900 MILLION THROUGH SHARE REPURCHASES AND DIVIDENDS AND $3.6 BILLION IN FULL-YEAR 2017.QTRLY TOTAL NON-GAAP REVENUE $‍​3,719 MILLION VERSUS. $3,786 MILLION.QTRLY NET INTEREST REVENUE $‍​851 MILLION VERSUS $831 MILLION.AT QUARTER-END AUM OF $1.9 TRILLION INCREASED 15 PCT .Q4 RESULTS "FAVORABLY IMPACTED BY STRONG EQUITY MARKETS AND UNDERLYING BUSINESSES CONTINUED TO SHOW MODEST GROWTH IN REVENUES AND PROFITS".QTRLY NET LONG-TERM INFLOWS OF $16 BILLION.QTRLY NET SHORT-TERM OUTFLOWS OF $4 BILLION.Q4 REVENUE VIEW $4.00 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY REVENUE INCLUDES $320 MILLION NEGATIVE IMPACT RELATED TO U.S. TAX LEGISLATION AND OTHER CHARGES, WHICH DECREASED TOTAL REVENUE GROWTH BY 8 PCT.EFFECTIVE TAX RATE FOR 2018 IS EXPECTED TO BE ABOUT 21 PCT‍​.  Full Article

BNY Mellon Statement On 2017 Title 1 Resolution Plan Feedback
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Bank Of New York Mellon Corp ::BNY MELLON STATEMENT ON 2017 TITLE 1 RESOLUTION PLAN FEEDBACK.BANK OF NEW YORK MELLON CORP - FDIC AND FEDERAL RESERVE FOUND "NO DEFICIENCIES OR SHORTCOMINGS" IN BNY MELLON'S 2017 PLAN.  Full Article

BNY Mellon Says ITS Treasury Services Business Launches New Tokenized Payments Service
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Bank Of New York Mellon Corp ::BANK OF NEW YORK MELLON - ITS TREASURY SERVICES BUSINESS HAS LAUNCHED NEW TOKENIZED PAYMENTS SERVICE.  Full Article

Fca Says Alleges That The Four Firms Shared Information Around One Or More Ipos And One Placing
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Bank Of New York Mellon Corp ::UK MARKETS WATCHDOG FCA SAYS HAS ISSUED A STATEMENT OF OBJECTIONS TO FOUR ASSET MANAGEMENT FIRMS, BELIEVES MAY HAVE BROKEN COMPETITION LAW.FCA SAYS FOUR FIRMS ARE ARTEMIS INVESTMENT MANAGEMENT, HARGREAVE HALE, NEWTON INVESTMENT MANAGEMENT, RIVER & MERCANTILE ASSET MANAGEMENT.FCA SAYS ALLEGES THAT THE FOUR FIRMS SHARED INFORMATION AROUND ONE OR MORE IPOS AND ONE PLACING.  Full Article

Trian Fund Management cuts share stake in Bank Of New York Mellon Corp
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Trian Fund Management::Trian Fund Management cuts share stake in Bank Of New York Mellon Corp to 22.4 million shares from 32.4 million shares - ‍​SEC filing.Trian Fund Management - change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017‍​.  Full Article

Bny Mellon announces organizational changes
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Bank Of New York Mellon Corp :Bny Mellon announces organizational changes.‍New organizational structure creates three new business units under its investment services segment​.‍Michael Santomassimo has been appointed chief financial officer, succeeding Thomas​ Gibbons.‍Thomas Gibbons appointed CEO of clearing, markets and client management​.  Full Article

Trian Fund Management's Edward Garden reports sale of about 5.8 mln shares of Bank of New York Mellon's common stock
Wednesday, 25 Oct 2017 

Oct 24 (Reuters) - Bank Of New York Mellon Corp :Trian Fund Management's Edward Garden reports sale of about 5.8 million shares of Bank Of New York Mellon Corp's common stock between Oct 20 and Oct 24 - SEC filing ‍​.  Full Article

Bank Of New York Mellon issues Q4, full-year guidance
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Bank Of New York Mellon Corp :Bank of New York Mellon - ‍"expect performance fees in investment management business in Q4 will be similar to Q4 of 2016" - conf call.Bank of New York Mellon - ‍investment in other income for Q4 & beyond expected to be in $40 million to $60 million range - conf call.Bank of new york mellon - expect total adjusted expenses for full year in line with prior guidance or about 1% higher than last year - conf call.Bank of new york mellon - "expect to generate positive operating leverage for the full year" - conf call.Bank of new york mellon - full year net interest revenue still expected to be at high end of 4% to 6% range given previously - conf call.Bank of new york mellon - "drop in average deposits in q3 attributable to one large client" - conf call.Bank of new york mellon - On blockchain: "we do have a fair amount of work going on inside the company focused on blockchain" - conf call.  Full Article

BNY Mellon reports Q3 earnings per share $0.94
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Bank Of New York Mellon Corp :BNY Mellon reports third quarter earnings of $983 million or $0.94 per common share.Q3 earnings per share $0.94.Q3 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.Bank of New York Mellon Corp - qtrly ‍provision for credit losses was a credit of $6 million​.Bank of New York Mellon Corp qtrly net interest revenue $839‍​ million versus $774 million.Bank of New York Mellon Corp - qtrly ‍total revenue of $4.0 billion, increased 2 pct​.Bank of New York Mellon Corp qtrly total GAAP revenue $‍​4,016 million versus $3,941 million.Bank of New York Mellon Corp - AUM of $1.82 trillion increased 6 pct at quarter-end​.Bank of New York Mellon Corp - qtrly non-GAAP total revenue $4,013‍​ million versus $3,932 million.Bank of New York Mellon Corp - ‍net short-term inflows of $10 billion in 3Q17​.Q3 revenue view $4.00 billion -- Thomson Reuters I/B/E/S.  Full Article

Goldman Sachs redeems outstanding depositary shares
Thursday, 19 Oct 2017 

Oct 18 (Reuters) - Goldman Sachs Group Inc : :Goldman Sachs announces redemption of all outstanding depositary shares representing interest in its 5.95% non-cumulative preferred stock, Series I.Goldman Sachs-depositary shares will be redeemed for $25 per depositary share plus any dividends that have accrued but not been paid.Goldman Sachs-with redemption of Series I preferred stock, the bank of New York Mellon will redeem depositary shares on the redemption date.  Full Article

CORRECTED-UPDATE 2-Brazilian prosecutors ask BNY Mellon unit to return $2.5 bln to local fund

SAO PAULO, Jan 18 Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.