Bank of New York Mellon Corp (BK) 39.41 $BK
Fitch: U.S. Trust Banks Focused on Expense Management
BusinessWire - Tue Jul 12, 12:07PM CDT
Fitch Ratings has affirmed the ratings of the following U.S trust banks: Bank of New York Mellon ('AA-'
, State Street Corporation ('AA-', Northern Trust Corporation ('AA-', and Brown Brothers Harriman ('A+'. The Rating Outlooks for all of the banks are Stable.
STT: 54.81 (+0.10), NTRS: 65.87 (-0.42), BK: 39.41 (+0.04)
BNY Mellon's Pershing CEO Lisa Dolly Named One of "The 50 Most Influential Women in Private Wealth" by Private Asset Management Magazine
PR Newswire - Mon Jul 11, 9:45AM CDT
Pershing LLC, a BNY Mellon Company, is pleased to announce that its chief executive officer, Lisa Dolly, has been named one of the "50 Most Influential Women in Private Wealth" for 2016 by Private Asset Management (PAM) magazine. The selection, which acknowledges women who are positively impacting the private wealth management industry, was announced in PAM's June 2016 issue.
BK: 39.41 (+0.04)
Funded Status of U.S. Corporate Pensions Falls in June, to 78.1 Percent, According to BNY Mellon Fiduciary Solutions' Monthly Institutional Scorecard
PR Newswire - Thu Jul 07, 11:00AM 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 fell by 2.1 percent in June, to 78.1 percent. The slide represents the lowest month-end funded status yet for U.S. corporate DB plans in 2016. Asset growth of 1.5 percent was not enough for plan sponsors to outpace rising liabilities--which increased by 4.0 percent in June, after the EU Referendum vote shook global markets.
BK: 39.41 (+0.04)
Technical Data on Asset Management Stocks - The Bank of New York Mellon, Invesco, The Blackstone Group, and Franklin Resources
PR Newswire - Tue Jul 05, 7:30AM CDT
On Friday, July 01, 2016, the NASDAQ Composite ended the trading session at 4,862.57, up 0.41%; the Dow Jones Industrial Average edged 0.11% higher, to finish at 17,949.37; and the S&P 500 closed at 2,102.95, up 0.19%. The gains were broad based as seven out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: The Bank of New York Mellon Corporation (NYSE: BK), Invesco Ltd (NYSE: IVZ), The Blackstone Group L.P. (NYSE: BX), and Franklin Resources Inc. (NYSE: BEN). Learn more about these stocks by accessing their free trade alerts at:
BX: 24.80 (+0.23), IVZ: 26.68 (-0.18), BEN: 34.47 (-0.37), BK: 39.41 (+0.04)
CIBC Mellon Opens the Market
CNW Group - Mon Jul 04, 9:29AM CDT
Tom Monahan, President & CEO, CIBC Mellon, joined Richard Rohan, Vice-President, Corporate Sales, Toronto Stock Exchange to open the market to celebrate 20 years as an organization. Founded on July 1, 1996, CIBC Mellon is a Canadian company focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). For more information, please visit www.cibcmellon.com.
BK: 39.41 (+0.04)
Bank Stock Roundup: Capital Plans Get Fed's Nod; Citi & Wells Fargo in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jul 01, 1:14PM CDT
Major banks witnessed a bullish trend over the last five trading sessions, driven by the Fed's approval of the banks' 2016 capital plans.
COF: 67.94 (+0.09), JPM: 63.16 (-0.04), USB: 40.63 (-0.04), C: 43.33 (-0.11), BAC: 13.44 (-0.10), WFC: 48.27 (-0.08), PNC: 82.10 (-0.24), BK: 39.41 (+0.04)
Berkshire Hathaway's Exposure to Cat Loss Raises Caution
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 9:02AM CDT
On Jun 28, we issued an updated research report on Berkshire Hathaway Inc. (BRK.
.
V: 77.46 (-0.02), BRK.B: 145.93 (+1.26), AAPL: 96.87 (-0.55), BK: 39.41 (+0.04)
Bank of New York Mellon (BK) Breaks Through Resistance at $38.36
Comtex SmarTrend(R) - Thu Jun 30, 8:38AM CDT
Shares of Bank of New York Mellon (NYSE:BK) opened today above their pivot of $37.66 and have already reached the first level of resistance at $38.36. Should the shares continue to rise, the resistance pivots of $38.71 and $39.76 will be of interest.
BK: 39.41 (+0.04)
Discover Financial's (DFS) Capital Plan Approved by the Fed
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:06AM CDT
Discover Financial Services (DFS) had received approval from the Federal Reserve to implement its new capital plan over the next four quarters. The capital plan comprised 7% dividend hike and share buybacks worth $1.95 billion.
DFS: 56.71 (+0.02), STT: 54.81 (+0.10), BAC: 13.44 (-0.10), BK: 39.41 (+0.04)
Stress Test Results: 31 Banks Rejoice, 2 Fail to Clear
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 7:57AM CDT
Following the release of the Dodd-Frank Act supervisory stress test 2016 (DFAST 2016) results last week, the Federal Reserve approved the capital plans of 30 financial institutions out of 33 in the Comprehensive Capital Analysis and Review (CCAR).
FITB: 17.94 (+0.05), STT: 54.81 (+0.10), COF: 67.94 (+0.09), USB: 40.63 (-0.04), C: 43.33 (-0.11), MTB: 117.96 (-0.14), WFC: 48.27 (-0.08), PNC: 82.10 (-0.24), BK: 39.41 (+0.04), MS: 27.16 (-0.21)
BNY Mellon to Repurchase up to $2.7 Billion of Common Stock; Federal Reserve Does Not Object to 2016 Capital Plan, Including Proposed Dividend Increase
PR Newswire - Wed Jun 29, 3:48PM CDT
BNY Mellon, a global leader in investment management and investment services, today announced that the Federal Reserve did not object to the 2016 capital plan in its Comprehensive Capital Analysis and Review. As a result, the company's board of directors has approved the repurchase of up to $2.14 billion of its common stock over a four-quarter period (compared to last year's five-quarter period) starting in the third quarter of 2016 and continuing through the second quarter of 2017. The board also approved the repurchase of up to an additional approximately $560 million of common stock during a portion of the period covered by the repurchase plan, contingent upon the company issuing $750 million of preferred stock. The 2016 capital plan also includes an approximately 12 percent increase to BNY Mellon's quarterly cash dividend on common stock from $0.17 to $0.19 per share, commencing as early as the third quarter of 2016, subject to board approval.
BK: 39.41 (+0.04)
BNY Mellon's Pershing Expands its Retirement Plan Network by Adding Five New Recordkeepers
PR Newswire - Tue Jun 28, 9:00AM CDT
Pershing LLC, a BNY Mellon company, announced today that it has added five new recordkeepers to its Retirement Plan Network. The new additions expand the geographic presence of the platform, furthering Pershing's ability to address the needs of plan advisors across the country. Pershing selected the new recordkeepers due to their strong focus on open-architecture, fee transparency, and fiduciary and practice management capabilities.
BK: 39.41 (+0.04)
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: 157.92 (+1.00), HBAN: 9.08 (-0.02), JPM: 63.16 (-0.04), C: 43.33 (-0.11), BAC: 13.44 (-0.10), WFC: 48.27 (-0.08), BK: 39.41 (+0.04), MS: 27.16 (-0.21)
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: 42.59 (+0.18), COF: 67.94 (+0.09), JPM: 63.16 (-0.04), C: 43.33 (-0.11), BAC: 13.44 (-0.10), WFC: 48.27 (-0.08), BK: 39.41 (+0.04)
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: 54.81 (+0.10), JPM: 63.16 (-0.04), BK: 39.41 (+0.04), BMRC: 49.14 (-0.15)
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: 39.41 (+0.04)
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: 39.41 (+0.04)
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: 39.41 (+0.04)
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: 39.41 (+0.04), MS: 27.16 (-0.21)
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: 39.41 (+0.04)
Fitch: U.S. Trust Banks Focused on Expense Management
BusinessWire - Tue Jul 12, 12:07PM CDT
Fitch Ratings has affirmed the ratings of the following U.S trust banks: Bank of New York Mellon ('AA-'
, State Street Corporation ('AA-', Northern Trust Corporation ('AA-', and Brown Brothers Harriman ('A+'. The Rating Outlooks for all of the banks are Stable. STT: 54.81 (+0.10), NTRS: 65.87 (-0.42), BK: 39.41 (+0.04)
BNY Mellon's Pershing CEO Lisa Dolly Named One of "The 50 Most Influential Women in Private Wealth" by Private Asset Management Magazine
PR Newswire - Mon Jul 11, 9:45AM CDT
Pershing LLC, a BNY Mellon Company, is pleased to announce that its chief executive officer, Lisa Dolly, has been named one of the "50 Most Influential Women in Private Wealth" for 2016 by Private Asset Management (PAM) magazine. The selection, which acknowledges women who are positively impacting the private wealth management industry, was announced in PAM's June 2016 issue.
BK: 39.41 (+0.04)
Funded Status of U.S. Corporate Pensions Falls in June, to 78.1 Percent, According to BNY Mellon Fiduciary Solutions' Monthly Institutional Scorecard
PR Newswire - Thu Jul 07, 11:00AM 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 fell by 2.1 percent in June, to 78.1 percent. The slide represents the lowest month-end funded status yet for U.S. corporate DB plans in 2016. Asset growth of 1.5 percent was not enough for plan sponsors to outpace rising liabilities--which increased by 4.0 percent in June, after the EU Referendum vote shook global markets.
BK: 39.41 (+0.04)
Technical Data on Asset Management Stocks - The Bank of New York Mellon, Invesco, The Blackstone Group, and Franklin Resources
PR Newswire - Tue Jul 05, 7:30AM CDT
On Friday, July 01, 2016, the NASDAQ Composite ended the trading session at 4,862.57, up 0.41%; the Dow Jones Industrial Average edged 0.11% higher, to finish at 17,949.37; and the S&P 500 closed at 2,102.95, up 0.19%. The gains were broad based as seven out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: The Bank of New York Mellon Corporation (NYSE: BK), Invesco Ltd (NYSE: IVZ), The Blackstone Group L.P. (NYSE: BX), and Franklin Resources Inc. (NYSE: BEN). Learn more about these stocks by accessing their free trade alerts at:
BX: 24.80 (+0.23), IVZ: 26.68 (-0.18), BEN: 34.47 (-0.37), BK: 39.41 (+0.04)
CIBC Mellon Opens the Market
CNW Group - Mon Jul 04, 9:29AM CDT
Tom Monahan, President & CEO, CIBC Mellon, joined Richard Rohan, Vice-President, Corporate Sales, Toronto Stock Exchange to open the market to celebrate 20 years as an organization. Founded on July 1, 1996, CIBC Mellon is a Canadian company focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). For more information, please visit www.cibcmellon.com.
BK: 39.41 (+0.04)
Bank Stock Roundup: Capital Plans Get Fed's Nod; Citi & Wells Fargo in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jul 01, 1:14PM CDT
Major banks witnessed a bullish trend over the last five trading sessions, driven by the Fed's approval of the banks' 2016 capital plans.
COF: 67.94 (+0.09), JPM: 63.16 (-0.04), USB: 40.63 (-0.04), C: 43.33 (-0.11), BAC: 13.44 (-0.10), WFC: 48.27 (-0.08), PNC: 82.10 (-0.24), BK: 39.41 (+0.04)
Berkshire Hathaway's Exposure to Cat Loss Raises Caution
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 9:02AM CDT
On Jun 28, we issued an updated research report on Berkshire Hathaway Inc. (BRK.
. V: 77.46 (-0.02), BRK.B: 145.93 (+1.26), AAPL: 96.87 (-0.55), BK: 39.41 (+0.04)
Bank of New York Mellon (BK) Breaks Through Resistance at $38.36
Comtex SmarTrend(R) - Thu Jun 30, 8:38AM CDT
Shares of Bank of New York Mellon (NYSE:BK) opened today above their pivot of $37.66 and have already reached the first level of resistance at $38.36. Should the shares continue to rise, the resistance pivots of $38.71 and $39.76 will be of interest.
BK: 39.41 (+0.04)
Discover Financial's (DFS) Capital Plan Approved by the Fed
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 8:06AM CDT
Discover Financial Services (DFS) had received approval from the Federal Reserve to implement its new capital plan over the next four quarters. The capital plan comprised 7% dividend hike and share buybacks worth $1.95 billion.
DFS: 56.71 (+0.02), STT: 54.81 (+0.10), BAC: 13.44 (-0.10), BK: 39.41 (+0.04)
Stress Test Results: 31 Banks Rejoice, 2 Fail to Clear
Zacks Equity Research - Zacks Investment Research - Thu Jun 30, 7:57AM CDT
Following the release of the Dodd-Frank Act supervisory stress test 2016 (DFAST 2016) results last week, the Federal Reserve approved the capital plans of 30 financial institutions out of 33 in the Comprehensive Capital Analysis and Review (CCAR).
FITB: 17.94 (+0.05), STT: 54.81 (+0.10), COF: 67.94 (+0.09), USB: 40.63 (-0.04), C: 43.33 (-0.11), MTB: 117.96 (-0.14), WFC: 48.27 (-0.08), PNC: 82.10 (-0.24), BK: 39.41 (+0.04), MS: 27.16 (-0.21)
BNY Mellon to Repurchase up to $2.7 Billion of Common Stock; Federal Reserve Does Not Object to 2016 Capital Plan, Including Proposed Dividend Increase
PR Newswire - Wed Jun 29, 3:48PM CDT
BNY Mellon, a global leader in investment management and investment services, today announced that the Federal Reserve did not object to the 2016 capital plan in its Comprehensive Capital Analysis and Review. As a result, the company's board of directors has approved the repurchase of up to $2.14 billion of its common stock over a four-quarter period (compared to last year's five-quarter period) starting in the third quarter of 2016 and continuing through the second quarter of 2017. The board also approved the repurchase of up to an additional approximately $560 million of common stock during a portion of the period covered by the repurchase plan, contingent upon the company issuing $750 million of preferred stock. The 2016 capital plan also includes an approximately 12 percent increase to BNY Mellon's quarterly cash dividend on common stock from $0.17 to $0.19 per share, commencing as early as the third quarter of 2016, subject to board approval.
BK: 39.41 (+0.04)
BNY Mellon's Pershing Expands its Retirement Plan Network by Adding Five New Recordkeepers
PR Newswire - Tue Jun 28, 9:00AM CDT
Pershing LLC, a BNY Mellon company, announced today that it has added five new recordkeepers to its Retirement Plan Network. The new additions expand the geographic presence of the platform, furthering Pershing's ability to address the needs of plan advisors across the country. Pershing selected the new recordkeepers due to their strong focus on open-architecture, fee transparency, and fiduciary and practice management capabilities.
BK: 39.41 (+0.04)
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: 157.92 (+1.00), HBAN: 9.08 (-0.02), JPM: 63.16 (-0.04), C: 43.33 (-0.11), BAC: 13.44 (-0.10), WFC: 48.27 (-0.08), BK: 39.41 (+0.04), MS: 27.16 (-0.21)
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: 42.59 (+0.18), COF: 67.94 (+0.09), JPM: 63.16 (-0.04), C: 43.33 (-0.11), BAC: 13.44 (-0.10), WFC: 48.27 (-0.08), BK: 39.41 (+0.04)
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: 54.81 (+0.10), JPM: 63.16 (-0.04), BK: 39.41 (+0.04), BMRC: 49.14 (-0.15)
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: 39.41 (+0.04)
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: 39.41 (+0.04)
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: 39.41 (+0.04)
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: 39.41 (+0.04), MS: 27.16 (-0.21)
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: 39.41 (+0.04)
