News & Events:BK

Archegos Capital Management founder Bill Hwang will get a new judge for his U.S. fraud trial, after the judge assigned to the case recused himself on Thursday due to his wife's ties to banks that could have been caught in the investment firm's meltdown.

Archegos Capital Management founder Bill Hwang will get a new judge for his U.S. fraud trial, after the judge assigned to the case recused himself on Thursday due to his wife's ties to banks that could have been caught in the investment firm's meltdown.

BMO Capital upgraded the previous rating for Public Storage from Market Perform to Outperform. Morgan Stanley upgraded the previous rating for Reinsurance Group of America Inc from Underweight to Equal-Weight. See all analyst ratings upgrades. Williams Capital downgraded the previous rating for Under Armour Inc from Buy to Hold.

Over the past 3 months, 12 analysts have published their opinion on Bank of New York Mellon stock. According to 12 analyst offering 12-month price targets in the last 3 months, Bank of New York Mellon has an average price target of $56.67 with a high of $68.00 and a low of $45.00. Below is a summary of how these 12 analysts rated Bank of New York Mellon over the past 3 months.

Ozon said on Wednesday that BNY Mellon, its trustee for bonds maturing in 2026, had informed the Russian e-commerce firm that it can no longer act as trustee without being exposed to financial or criminal risks due to sanctions against Moscow.

NEW YORK, May 18, 2022  Emily Portney, Chief Financial Officer, will speak at the Morgan Stanley US Financials, Payments & CRE Conference, at 8:45 a.m. ET on Wednesday, June 15, 2022. A live webcast of the audio portion of the conference will be available on the BNY Mellon website.

Suite of diversified options provides advisors with tailored solutions for a wide range of investor income objectives NEW YORK, May 17, 2022 /PRNewswire/ -- BNY Mellon Investment Management, one of the world's largest asset managers with $2.3 trillion in assets under management1, today announced the launch of a suite of differentiated model portfolios designed specifically for clients of UBS We...

NEW YORK, May 17, 2022 BNY Mellon will report financial results for the second quarter 2022 on Friday, July 15, 2022. Materials will be posted to BNY Mellon's website at approximately 6:30 a.m. ET, and management will host a conference call and simultaneous live audio webcast at 8 a.m. ET that same day.

Russian oil and gas producer Gazprom Neft will terminate its American depositary receipts programme as of June 16, Bank of New York Mellon (BK), an owner of the ADRs, said on Tuesday. President Vladimir Putin signed in April a bill requiring Russian companies to delist their depositary receipts abroad in a bid to reduce foreigners' control over these firms amid a standoff with the West.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. today announced the final results of its quarterly tender offer for up to 2.5% of the Fund's issued and outstanding shares of common stock. The Tender Offer, which expired at 5:00 p.m. Eastern time on May 13, 2022, was oversubscribed.

Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion. The funding round, its sixth since the company's launch, was led by GIC, Singapore's sovereign wealth fund. "There is a whole transformation happening where the world of finance's operating systems are moving to crypto.

Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion. The funding round, its sixth since the company's launch, was led by GIC, Singapore's sovereign wealth fund. "There is a whole transformation happening where the world of finance's operating systems are moving to crypto.

NEW YORK, May 5, 2022 The Bank of New York Mellon Corporation (BK) today announced that it will redeem all of the issued and outstanding 2.661% Fixed Rate/Floating Rate Callable Senior Notes due May 16, 2023. The Notes have an aggregate principal amount of $1,000,000,000. The redemption date for the Notes is May 16, 2022.

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on June 1, 2022 to shareholders of record at the close of business on May 18, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.

Russian energy giant Gazprom says: * The company has terminated its depository receipt programmes. * Gazprom has instructed BNY Mellon to terminate its deposit agreement. * Holders of the receipts have the right to convert them into ordinary shares in Gazprom.

BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.

  Wednesday's session saw 784 companies set new 52-week lows. The following stocks set new 52-week lows on Wednesday: Be sure to stay with Benzinga for further updates and market-moving news.

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On April 26, 2022, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. declared a distribution of $0.050 per share of common stock, payable on May 24, 2022 to shareholders of record at the close of business on May 10, 2022. The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends.

NEW YORK, April 26, 2022 BNY Mellon — one of the largest check processors in the U.S. — is leading efforts to reduce check-based payments as sustainability goals and environmental concerns take root across the globe.