Bank of New York Mellon Corp (BK) 41.54 $BK
Banks Show Second Straight Win in Fed Stress Test
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 3:35PM CDT
The Federal Reserve released the DFAST 2016 results, which reflected the continued stability in the banking system despite the Fed's harsher hypothetical "severely adverse" scenario this time.
GS: 152.66 (+4.52), HBAN: 9.43 (+0.21), JPM: 64.05 (+1.34), C: 44.46 (+1.78), BAC: 14.04 (+0.43), WFC: 47.91 (+0.94), BK: 41.54 (+0.94), MS: 27.29 (+0.90)
Bank Stock Roundup: No Rate Hike Decision, Brexit Concerns, Streamlining Put Citi, BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 2:01PM CDT
The Fed's decision to keep the interest rates unchanged, concerns over Brexit and fall in oil prices weighed on banking stocks over the last five trading days.
T: 41.88 (+0.58), COF: 65.60 (+1.67), JPM: 64.05 (+1.34), C: 44.46 (+1.78), BAC: 14.04 (+0.43), WFC: 47.91 (+0.94), BK: 41.54 (+0.94)
BNY Mellon (BK) Settles FX-Pricing Case with SEC for $30M
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 4:48PM CDT
Issues pertaining to foreign exchange (FX) trades still seem to hang over BNY Mellon (BK) with the company agreeing to shell out $30 million in fines to the SEC.
STT: 60.27 (+1.78), JPM: 64.05 (+1.34), BK: 41.54 (+0.94), BMRC: 49.45 (+0.25)
Funded Status of U.S. Corporate Pensions Rises in May to 80.2 Percent, According to BNY Mellon Fiduciary Solutions' Monthly Institutional Scorecard
PR Newswire - Thu Jun 09, 7:00AM CDT
According to the BNY Mellon Institutional Scorecard, which is available online here, the funded status of typical U.S. corporate defined benefit (DB) plans increased by 0.3 percent in May, up to 80.2 percent. Over the course of the month, assets grew by 0.5 percent, which outpaced the increase in liabilities--up only 0.1 percent in May.
BK: 41.54 (+0.94)
BNY Mellon's Pershing Adds AltX Hedge Fund Intelligence Platform to its Alternative Investment Center
PR Newswire - Wed Jun 08, 10:00AM CDT
Pershing LLC, a BNY Mellon company, announced today at its INSITE 2016 conference that it has added the hedge fund intelligence platform, AltX, to its Alternative Investment Center. Accessible through NetX360®, Pershing's Alternative Investment Center provides advisors access to educational resources, research and tools to help inform their alternative investment strategies. The addition of AltX will help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
BK: 41.54 (+0.94)
BNY Mellon's Pershing Launches New Solutions and Resources to Help Firms Comply with the DOL Conflict of Interest Rule
PR Newswire - Wed Jun 08, 8:30AM CDT
Pershing LLC, a BNY Mellon company, today announced its solutions and resources to help financial services firms comply with the Department of Labor's (DOL) Conflict of Interest rule. Over the past 18 months, Pershing has been working to help firms understand the rule and developing solutions, which it will soon start to roll out.
BK: 41.54 (+0.94)
BNY Mellon to Speak at the 2016 Morgan Stanley Financials Conference on June 15
PR Newswire - Wed Jun 08, 6:30AM CDT
Brian T. Shea, vice chairman and chief executive officer of BNY Mellon Investment Services, and Thomas P. Gibbons, vice chairman and chief financial officer of BNY Mellon, will be speaking at the 2016 Morgan Stanley Financials Conference in New York at 7:45 a.m. EDT on Wednesday, June 15. They will discuss BNY Mellon's corporate strategy, opportunities for growth, capital management and technology in a moderated discussion format. The discussion may include forward-looking statements and other material information.
BK: 41.54 (+0.94), MS: 27.29 (+0.90)
BNY Mellon's Pershing Unveils New Technology Capabilities that Enable Firms to Define Their Own Digital Wealth Management Experience
PR Newswire - Tue Jun 07, 8:30AM CDT
Pershing LLC, a BNY Mellon company, today launched a suite of technology enhancements that provide wealth management firms with greater flexibility to digitally transform their business. Announced during Pershing's annual INSITE 2016 conference, the new enhancements aim to make integration easier and improve investor and advisor experiences. These developments are part of Pershing's ongoing digital enablement strategy.
BK: 41.54 (+0.94)
Institutional investors are boosting alternatives allocations in hunt for outperformance, finds new report from BNY Mellon
PR Newswire - Tue Jun 07, 5:45AM CDT
Institutional investors are seeking to allocate more of their capital to alternative strategies in a quest for strong returns in the low-interest-rate environment, according to a new study from BNY Mellon.
BK: 41.54 (+0.94)
SmarTrend Watching for Potential Rebound in Shares of Bank of New York Mellon After 1.91% Loss
Comtex SmarTrend(R) - Fri Jun 03, 1:10PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $40.96 to a high of $41.42. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $41.35 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BK: 41.54 (+0.94)
Watch for Shares of Bank of New York Mellon (BK) to Approach Resistance at $42.65
Comtex SmarTrend(R) - Tue May 31, 8:52AM CDT
Bank of New York Mellon (NYSE:BK) has opened bullishly above the pivot of $42.17 today and has reached the first level of resistance at $42.46. Investors may be interested in a cross of the next upside pivot targets of $42.65 and $43.13.
BK: 41.54 (+0.94)
BNY Mellon Named as Depositary Bank by Grupo Supervielle S.A. in First ADR Capital Raising of 2016 by Argentine Company
PR Newswire - Thu May 26, 11:47AM CDT
BNY Mellon, a global leader in investment management and investment services, has been chosen by Grupo Supervielle S.A. as depositary bank for the listing and offering of its American depositary receipts (ADRs). The new listing marks the first ADR capital raising by an Argentine company in 2016. Each Grupo Supervielle ADR represents five class B shares and trades on the New York Stock Exchange under the symbol 'SUPV.' The company's ordinary class B shares trade on the MERVAL under the code 'SUPV.'
BK: 41.54 (+0.94)
Look for Shares of Bank of New York Mellon to Potentially Pullback after Yesterday's 1.16% Rise
Comtex SmarTrend(R) - Wed May 25, 1:15PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $41.92 to a high of $42.55. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $41.96 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BK: 41.54 (+0.94)
SmarTrend Watching for Potential Pullback in Shares of Bank of New York Mellon After 1.16% Gain
Comtex SmarTrend(R) - Wed May 25, 1:13PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $41.92 to a high of $42.55. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $41.96 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BK: 41.54 (+0.94)
Wells Fargo (WFC) Slashes Financial Targets on Macro Woes
Zacks Equity Research - Zacks Investment Research - Wed May 25, 8:55AM CDT
At Investor Day held on May 24, Wall Street biggie ??? Wells Fargo & Company (WFC) ??? announced the reduced financial targets in the wake of persistently low interest rates and stricter regulations. Moreover, as per Chief Financial Officer John Shrewsberry, the bank was recording lower returns as compared to the set targets.
FMNB: 9.33 (+0.34), EFSC: 27.76 (+0.46), WFC: 47.91 (+0.94), BK: 41.54 (+0.94)
BNY Mellon to Speak at Upcoming Conferences
PR Newswire - Tue May 24, 1:15PM CDT
BNY Mellon, a global leader in investment management and investment services, will speak at two upcoming conferences: Deutsche Bank's Global Financial Services Conference on May 31 and the Bernstein Strategic Decisions Conference on June 1. Speakers will discuss BNY Mellon's corporate strategy, opportunities for growth and capital management in a moderated discussion format. The discussions may include forward-looking statements and other material information.
DB: 17.84 (+0.97), BK: 41.54 (+0.94)
BNY Mellon Launches Asset Strategy View(SM), Opening a 'Big Data' Window into Institutional Investor Allocations and Behavior
PR Newswire - Mon May 23, 7:45AM CDT
BNY Mellon, a global leader in investment management and investment services, today announced the launch of Asset Strategy View, the first in a new set of 'big data' solutions that leverages proprietary aggregated client data to generate market intelligence around institutional investor allocations and behavior. The announcement was made at Invested '16, BNY Mellon's Asset Servicing client conference being held in Tucson, Arizona, from May 22-25.
BK: 41.54 (+0.94)
L-3 Communications Completes Partial Redemption of $300 Million of Its Outstanding 3.95% Senior Notes Due 2016
BusinessWire - Fri May 20, 3:05PM CDT
L-3 Communications Holdings, Inc. (NYSE:LLL) announced today that L-3 Communications Corporation, its wholly owned subsidiary, has completed the redemption of $300,000,000 aggregate principal amount of its 3.95% Senior Notes due in 2016 (the "Notes"
in accordance with the terms of the Notes and the Indenture, as supplemented and amended, dated as of May 21, 2010 by and among L-3 Communications Corporation, the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A. as trustee. The partial redemption was previously announced on March 24, 2016. Following the partial redemption of the Notes, $200,000,000 aggregate principal amount of the Notes remain outstanding.
BK: 41.54 (+0.94), LLL: 144.32 (+0.46)
ICBC to Issue First Renminbi Certificate of Deposit to Settle in U.S.
PR Newswire - Fri May 20, 5:37AM CDT
Industrial and Commercial Bank of China (ICBC) has taken the first steps to enable institutions to issue and clear financial products denominated in Chinese Renminbi (RMB) in the U.S.
BK: 41.54 (+0.94)
Banks Show Second Straight Win in Fed Stress Test
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 3:35PM CDT
The Federal Reserve released the DFAST 2016 results, which reflected the continued stability in the banking system despite the Fed's harsher hypothetical "severely adverse" scenario this time.
GS: 152.66 (+4.52), HBAN: 9.43 (+0.21), JPM: 64.05 (+1.34), C: 44.46 (+1.78), BAC: 14.04 (+0.43), WFC: 47.91 (+0.94), BK: 41.54 (+0.94), MS: 27.29 (+0.90)
Bank Stock Roundup: No Rate Hike Decision, Brexit Concerns, Streamlining Put Citi, BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 2:01PM CDT
The Fed's decision to keep the interest rates unchanged, concerns over Brexit and fall in oil prices weighed on banking stocks over the last five trading days.
T: 41.88 (+0.58), COF: 65.60 (+1.67), JPM: 64.05 (+1.34), C: 44.46 (+1.78), BAC: 14.04 (+0.43), WFC: 47.91 (+0.94), BK: 41.54 (+0.94)
BNY Mellon (BK) Settles FX-Pricing Case with SEC for $30M
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 4:48PM CDT
Issues pertaining to foreign exchange (FX) trades still seem to hang over BNY Mellon (BK) with the company agreeing to shell out $30 million in fines to the SEC.
STT: 60.27 (+1.78), JPM: 64.05 (+1.34), BK: 41.54 (+0.94), BMRC: 49.45 (+0.25)
Funded Status of U.S. Corporate Pensions Rises in May to 80.2 Percent, According to BNY Mellon Fiduciary Solutions' Monthly Institutional Scorecard
PR Newswire - Thu Jun 09, 7:00AM CDT
According to the BNY Mellon Institutional Scorecard, which is available online here, the funded status of typical U.S. corporate defined benefit (DB) plans increased by 0.3 percent in May, up to 80.2 percent. Over the course of the month, assets grew by 0.5 percent, which outpaced the increase in liabilities--up only 0.1 percent in May.
BK: 41.54 (+0.94)
BNY Mellon's Pershing Adds AltX Hedge Fund Intelligence Platform to its Alternative Investment Center
PR Newswire - Wed Jun 08, 10:00AM CDT
Pershing LLC, a BNY Mellon company, announced today at its INSITE 2016 conference that it has added the hedge fund intelligence platform, AltX, to its Alternative Investment Center. Accessible through NetX360®, Pershing's Alternative Investment Center provides advisors access to educational resources, research and tools to help inform their alternative investment strategies. The addition of AltX will help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
BK: 41.54 (+0.94)
BNY Mellon's Pershing Launches New Solutions and Resources to Help Firms Comply with the DOL Conflict of Interest Rule
PR Newswire - Wed Jun 08, 8:30AM CDT
Pershing LLC, a BNY Mellon company, today announced its solutions and resources to help financial services firms comply with the Department of Labor's (DOL) Conflict of Interest rule. Over the past 18 months, Pershing has been working to help firms understand the rule and developing solutions, which it will soon start to roll out.
BK: 41.54 (+0.94)
BNY Mellon to Speak at the 2016 Morgan Stanley Financials Conference on June 15
PR Newswire - Wed Jun 08, 6:30AM CDT
Brian T. Shea, vice chairman and chief executive officer of BNY Mellon Investment Services, and Thomas P. Gibbons, vice chairman and chief financial officer of BNY Mellon, will be speaking at the 2016 Morgan Stanley Financials Conference in New York at 7:45 a.m. EDT on Wednesday, June 15. They will discuss BNY Mellon's corporate strategy, opportunities for growth, capital management and technology in a moderated discussion format. The discussion may include forward-looking statements and other material information.
BK: 41.54 (+0.94), MS: 27.29 (+0.90)
BNY Mellon's Pershing Unveils New Technology Capabilities that Enable Firms to Define Their Own Digital Wealth Management Experience
PR Newswire - Tue Jun 07, 8:30AM CDT
Pershing LLC, a BNY Mellon company, today launched a suite of technology enhancements that provide wealth management firms with greater flexibility to digitally transform their business. Announced during Pershing's annual INSITE 2016 conference, the new enhancements aim to make integration easier and improve investor and advisor experiences. These developments are part of Pershing's ongoing digital enablement strategy.
BK: 41.54 (+0.94)
Institutional investors are boosting alternatives allocations in hunt for outperformance, finds new report from BNY Mellon
PR Newswire - Tue Jun 07, 5:45AM CDT
Institutional investors are seeking to allocate more of their capital to alternative strategies in a quest for strong returns in the low-interest-rate environment, according to a new study from BNY Mellon.
BK: 41.54 (+0.94)
SmarTrend Watching for Potential Rebound in Shares of Bank of New York Mellon After 1.91% Loss
Comtex SmarTrend(R) - Fri Jun 03, 1:10PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $40.96 to a high of $41.42. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $41.35 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BK: 41.54 (+0.94)
Watch for Shares of Bank of New York Mellon (BK) to Approach Resistance at $42.65
Comtex SmarTrend(R) - Tue May 31, 8:52AM CDT
Bank of New York Mellon (NYSE:BK) has opened bullishly above the pivot of $42.17 today and has reached the first level of resistance at $42.46. Investors may be interested in a cross of the next upside pivot targets of $42.65 and $43.13.
BK: 41.54 (+0.94)
BNY Mellon Named as Depositary Bank by Grupo Supervielle S.A. in First ADR Capital Raising of 2016 by Argentine Company
PR Newswire - Thu May 26, 11:47AM CDT
BNY Mellon, a global leader in investment management and investment services, has been chosen by Grupo Supervielle S.A. as depositary bank for the listing and offering of its American depositary receipts (ADRs). The new listing marks the first ADR capital raising by an Argentine company in 2016. Each Grupo Supervielle ADR represents five class B shares and trades on the New York Stock Exchange under the symbol 'SUPV.' The company's ordinary class B shares trade on the MERVAL under the code 'SUPV.'
BK: 41.54 (+0.94)
Look for Shares of Bank of New York Mellon to Potentially Pullback after Yesterday's 1.16% Rise
Comtex SmarTrend(R) - Wed May 25, 1:15PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $41.92 to a high of $42.55. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $41.96 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BK: 41.54 (+0.94)
SmarTrend Watching for Potential Pullback in Shares of Bank of New York Mellon After 1.16% Gain
Comtex SmarTrend(R) - Wed May 25, 1:13PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $41.92 to a high of $42.55. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $41.96 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BK: 41.54 (+0.94)
Wells Fargo (WFC) Slashes Financial Targets on Macro Woes
Zacks Equity Research - Zacks Investment Research - Wed May 25, 8:55AM CDT
At Investor Day held on May 24, Wall Street biggie ??? Wells Fargo & Company (WFC) ??? announced the reduced financial targets in the wake of persistently low interest rates and stricter regulations. Moreover, as per Chief Financial Officer John Shrewsberry, the bank was recording lower returns as compared to the set targets.
FMNB: 9.33 (+0.34), EFSC: 27.76 (+0.46), WFC: 47.91 (+0.94), BK: 41.54 (+0.94)
BNY Mellon to Speak at Upcoming Conferences
PR Newswire - Tue May 24, 1:15PM CDT
BNY Mellon, a global leader in investment management and investment services, will speak at two upcoming conferences: Deutsche Bank's Global Financial Services Conference on May 31 and the Bernstein Strategic Decisions Conference on June 1. Speakers will discuss BNY Mellon's corporate strategy, opportunities for growth and capital management in a moderated discussion format. The discussions may include forward-looking statements and other material information.
DB: 17.84 (+0.97), BK: 41.54 (+0.94)
BNY Mellon Launches Asset Strategy View(SM), Opening a 'Big Data' Window into Institutional Investor Allocations and Behavior
PR Newswire - Mon May 23, 7:45AM CDT
BNY Mellon, a global leader in investment management and investment services, today announced the launch of Asset Strategy View, the first in a new set of 'big data' solutions that leverages proprietary aggregated client data to generate market intelligence around institutional investor allocations and behavior. The announcement was made at Invested '16, BNY Mellon's Asset Servicing client conference being held in Tucson, Arizona, from May 22-25.
BK: 41.54 (+0.94)
L-3 Communications Completes Partial Redemption of $300 Million of Its Outstanding 3.95% Senior Notes Due 2016
BusinessWire - Fri May 20, 3:05PM CDT
L-3 Communications Holdings, Inc. (NYSE:LLL) announced today that L-3 Communications Corporation, its wholly owned subsidiary, has completed the redemption of $300,000,000 aggregate principal amount of its 3.95% Senior Notes due in 2016 (the "Notes"
in accordance with the terms of the Notes and the Indenture, as supplemented and amended, dated as of May 21, 2010 by and among L-3 Communications Corporation, the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A. as trustee. The partial redemption was previously announced on March 24, 2016. Following the partial redemption of the Notes, $200,000,000 aggregate principal amount of the Notes remain outstanding. BK: 41.54 (+0.94), LLL: 144.32 (+0.46)
ICBC to Issue First Renminbi Certificate of Deposit to Settle in U.S.
PR Newswire - Fri May 20, 5:37AM CDT
Industrial and Commercial Bank of China (ICBC) has taken the first steps to enable institutions to issue and clear financial products denominated in Chinese Renminbi (RMB) in the U.S.
BK: 41.54 (+0.94)
