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The Bank of New York Mellon Corporation delivered its 14th consecutive quarter of YoY revenue growth, with Q2 non-GAAP EPS up 27% and a 39.8% pre-tax margin. I maintain a Buy rating and raise my price target, citing pristine technical momentum, robust earnings growth, and positive Wall Street revisions. BNY's valuation is now fair at a 16x P/E multiple, but strong operating leverage, dividend growth, and bullish technicals support further upside.

The bank posted second-quarte net income of $1.7 billion, or $2.45 a share, up from $1.39 billion, or $1.93 a share, in the same quarter a year earlier.

Bank of New York Mellon has delivered a 70% share price gain over the past year, driven by superior cost control and operational execution. BK's business model is low-risk, with minimal credit exposure, enhanced by AI-driven efficiency and robust fee-based income diversification. First-quarter results showcased 13% revenue growth, 600bps margin expansion to 37%, and a 78% increase in pre-tax profit ex-interest, outpacing custody peers.

The Bank of New York Mellon Corporation (BK) Q1 2026 Earnings Call Transcript

Posted by Defense World Staff on Apr 17th, 2026

Farther Finance Advisors LLC increased its holdings in BNY (NYSE:BK – Free Report) by 118.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,311 shares of the bank’s stock after purchasing an additional 26,766 shares during the period. Farther Finance Advisors LLC’s holdings in BNY were worth $5,724,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of BNY by 18.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock valued at $1,454,116,000 after purchasing an additional 2,034,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of BNY by 639.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock valued at $771,080,000 after purchasing an additional 6,119,749 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of BNY by 1.5% in the 3rd quarter. First Trust Advisors LP now owns 4,483,889 shares of the bank’s stock valued at $488,564,000 after purchasing an additional 66,010 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of BNY by 29.1% in the 3rd quarter. AQR Capital Management LLC now owns 4,023,663 shares of the bank’s stock valued at $438,418,000 after purchasing an additional 906,218 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of BNY by 14.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,483,240 shares of the bank’s stock valued at $288,279,000 after purchasing an additional 317,188 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages have recently issued reports on BK. Royal Bank Of Canada upped their price objective on shares of BNY from $124.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their price objective on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods increased their price target on shares of BNY from $132.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. TD Cowen increased their price target on shares of BNY from $133.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, New Street Research set a $143.00 price target on shares of BNY in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.50.

View Our Latest Stock Report on BNY

BNY News Summary Here are the key news stories impacting BNY this week:

Positive Sentiment: Q1 beat — BK reported EPS of $2.25 (vs. ~$1.91 consensus) and record revenue of $5.41B, showing broad-based strength in net interest income and fees; that outperformance drove investor optimism. Read More. Positive Sentiment: Raised revenue outlook — Management lifted 2026 revenue guidance to roughly $21.3B (about a 6% increase) and signaled ~10% growth in net interest income, supporting forward topline momentum. Read More. Positive Sentiment: Shareholder returns — The company announced substantial buyback capacity (reports cite a ~$10B program) and returned capital in the quarter, boosting EPS/valuation upside expectations. Read More. Positive Sentiment: Dividend declared — Board approved a $0.53 quarterly common dividend (payable May 8; ex-dividend Apr 27), adding predictable income for shareholders. Read More. Neutral Sentiment: Market reaction / technicals — Coverage notes BK hit 52-week / all-time highs as momentum and the beat fueled flows; this is a market response to the fundamentals above. Read More. Neutral Sentiment: Guidance nuance — Company published revenue guidance but the public update did not provide a clear FY26 EPS target in the release, leaving some forward EPS visibility limited. Read More. Negative Sentiment: Costs and capital metrics — Analysts flag rising expenses and slightly lower capital ratios that could temper margin expansion and limit upside to returns if costs persist. Read More. BNY Trading Up 2.1% Shares of BK opened at $134.69 on Friday. The stock has a market capitalization of $92.70 billion, a P/E ratio of 18.18, a PEG ratio of 1.06 and a beta of 1.06. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $120.08 and a two-hundred day simple moving average of $115.70. BNY has a twelve month low of $73.55 and a twelve month high of $135.80.

BNY (NYSE:BK – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.30. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. BNY had a net margin of 13.62% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 EPS. On average, research analysts anticipate that BNY will post 6.96 EPS for the current year.

BNY Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be issued a $0.53 dividend. The ex-dividend date is Monday, April 27th. This represents a $2.12 annualized dividend and a yield of 1.6%. BNY’s dividend payout ratio is 28.61%.

About BNY (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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Posted by Defense World Staff on Apr 18th, 2026

Lbp Am Sa grew its holdings in BNY (NYSE:BK – Free Report) by 157.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,030 shares of the bank’s stock after purchasing an additional 26,343 shares during the period. Lbp Am Sa’s holdings in BNY were worth $4,995,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BNY in the fourth quarter valued at $27,000. Marquette Asset Management LLC increased its position in BNY by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after buying an additional 166 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in BNY during the third quarter worth $33,000. Caldwell Trust Co acquired a new position in BNY during the second quarter worth $36,000. Finally, Westside Investment Management Inc. increased its position in BNY by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Analysts Set New Price Targets Several equities analysts have commented on BK shares. Royal Bank Of Canada increased their target price on shares of BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday. New Street Research set a $143.00 price target on BNY in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods raised their price target on BNY from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings upgraded shares of BNY from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, March 11th. Finally, TD Cowen increased their target price on shares of BNY from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, BNY currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.35.

View Our Latest Stock Analysis on BK

BNY Stock Up 0.3% NYSE BK opened at $135.24 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a 50-day simple moving average of $120.29 and a 200 day simple moving average of $115.88. BNY has a twelve month low of $73.55 and a twelve month high of $137.54. The stock has a market cap of $93.07 billion, a PE ratio of 16.76, a PEG ratio of 1.08 and a beta of 1.06.

BNY (NYSE:BK – Get Free Report) last released its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.31. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company earned $1.58 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that BNY will post 6.96 EPS for the current year.

BNY Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 27th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, April 27th. BNY’s dividend payout ratio (DPR) is presently 28.61%.

Key Headlines Impacting BNY Here are the key news stories impacting BNY this week:

Positive Sentiment: Q1 beat — BNY reported record Q1 revenue (~$5.4B) and stronger EPS (about $2.24–$2.25, ~42% y/y), driven by net interest income and fee growth; the results and margin expansion are the primary catalyst for the rally. BNY Reports First Quarter 2026 Results Positive Sentiment: Raised outlook — Management nudged 2026 revenue guidance higher (around $21.3B) and expects roughly ~10% growth in net interest income, suggesting continued top‑line momentum. BNY raises 2026 revenue outlook Positive Sentiment: Shareholder returns — Company announced a $0.53 quarterly common dividend and has communicated large buyback capacity (reports mention a multi‑billion share repurchase program), which supports EPS and investor returns. BNY Declares Dividends Share buybacks announced Positive Sentiment: Analyst upgrades — Several analysts raised price targets (examples: Truist and Keefe, Bruyette & Woods lifted targets into the $148–$150 range and reiterated buy/outperform views), adding fresh buy pressure. Analysts increase forecasts Neutral Sentiment: Investor materials & call — Earnings presentation and call transcripts are available for deeper vetting of growth drivers, margins and capital plans; useful for modeling but not new news. Earnings presentation Earnings call transcript Negative Sentiment: Cost and capital notes — Analysts and coverage pieces flag rising expenses and some pressure on capital ratios; these could temper margin improvements and limit near‑term upside if costs persist. Cost woes remain BNY Profile (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

Read More Five stocks we like better than BNY Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BNY (NYSE:BK – Free Report).

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CPC Advisors LLC grew its stake in shares of BNY (NYSE:BK – Free Report) by 320.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,346 shares of the bank’s stock after acquiring an additional 57,429 shares during the period. BNY accounts for approximately 0.9% of CPC Advisors LLC’s portfolio, making the stock its 29th largest holding. CPC Advisors LLC’s holdings in BNY were worth $8,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BK. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BNY by 639.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock worth $771,080,000 after acquiring an additional 6,119,749 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of BNY by 18.0% during the third quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock worth $1,454,116,000 after acquiring an additional 2,034,781 shares in the last quarter. AQR Capital Management LLC raised its position in shares of BNY by 29.1% in the third quarter. AQR Capital Management LLC now owns 4,023,663 shares of the bank’s stock worth $438,418,000 after buying an additional 906,218 shares in the last quarter. Danske Bank A S purchased a new stake in shares of BNY in the third quarter worth $65,973,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of BNY by 36.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock worth $236,013,000 after buying an additional 577,621 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

More BNY News Here are the key news stories impacting BNY this week:

Positive Sentiment: Analysts raised price targets on BK (two reported raises to $150 and $148), signaling improved forward expectations that can support further upside. BNY Price Target Raised to $150.00 BNY Price Target Raised to $148.00 Positive Sentiment: Coverage highlighting BK’s Q1 beat, AI-related business gains and a $10B buyback supports investor optimism on earnings growth and capital return. Assessing Bank of New York Mellon Corporation (BK) Valuation After Q1 Beat AI Gains And $10b Buyback Negative Sentiment: Multiple insiders sold shares on April 17 (EVP Alejandro Perez 12,504 shares; EVP J. Kevin McCarthy 30,000 shares; Kurtis R. Kurimsky 5,290 shares; VP Shannon Hobbs 297 shares). The size and concentration of these disposals (some large % ownership drops) may be read as a negative signal by the market. Regulatory filing links: Alejandro Perez SEC Filing J. Kevin McCarthy SEC Filing Kurtis Kurimsky SEC Filing Shannon Hobbs SEC Filing Negative Sentiment: Unusual options flow: traders bought 15,757 put contracts (a 663% jump vs. typical daily put volume). This spike in bearish/options-hedging activity increases near-term downside risk or signals growing hedging interest. (Options volume reported April 21) Insider Transactions at BNY In other BNY news, EVP Alejandro Perez sold 12,504 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the sale, the executive vice president owned 62,613 shares in the company, valued at $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the sale, the executive vice president owned 50,238 shares in the company, valued at $6,857,487. The trade was a 37.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,091 shares of company stock worth $6,568,423. Company insiders own 0.17% of the company’s stock.

BNY Trading Up 1.9% Shares of BK stock opened at $137.97 on Wednesday. The business’s fifty day moving average is $120.68 and its 200 day moving average is $116.41. BNY has a 52-week low of $75.35 and a 52-week high of $139.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $94.96 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06.

BNY (NYSE:BK – Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.31. BNY had a return on equity of 15.29% and a net margin of 14.60%.The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that BNY will post 8.52 EPS for the current fiscal year.

BNY Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.5%. BNY’s dividend payout ratio (DPR) is presently 26.27%.

Analyst Upgrades and Downgrades BK has been the topic of a number of recent analyst reports. Citigroup initiated coverage on BNY in a research report on Monday, February 23rd. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods increased their price objective on BNY from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada increased their price objective on BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company increased their price objective on BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley increased their price objective on BNY from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.35.

View Our Latest Report on BK

BNY Company Profile (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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Posted by Defense World Staff on Apr 29th, 2026

Comerica Bank lowered its stake in shares of BNY (NYSE:BK – Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,085 shares of the bank’s stock after selling 21,757 shares during the quarter. Comerica Bank’s holdings in BNY were worth $14,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in BNY during the fourth quarter worth $27,000. Marquette Asset Management LLC increased its position in BNY by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after acquiring an additional 166 shares during the period. Valley Wealth Managers Inc. bought a new position in BNY during the third quarter worth $33,000. Westside Investment Management Inc. increased its position in BNY by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after acquiring an additional 127 shares during the period. Finally, Dunhill Financial LLC increased its holdings in BNY by 130.8% in the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank’s stock valued at $47,000 after buying an additional 242 shares during the period. Institutional investors own 85.31% of the company’s stock.

BNY Stock Down 0.6% BK opened at $133.63 on Wednesday. The firm’s 50-day simple moving average is $122.33 and its 200-day simple moving average is $117.42. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. BNY has a twelve month low of $77.77 and a twelve month high of $139.15. The firm has a market cap of $91.97 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.98 and a beta of 1.06.

BNY (NYSE:BK – Get Free Report) last posted its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.31. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that BNY will post 8.76 EPS for the current fiscal year.

BNY Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 27th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. BNY’s dividend payout ratio is presently 26.27%.

Insider Activity In other news, EVP J Kevin Mccarthy sold 30,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the sale, the executive vice president owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This represents a 37.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shannon Marie Hobbs sold 297 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the sale, the vice president directly owned 15,206 shares in the company, valued at approximately $2,083,982.30. The trade was a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,091 shares of company stock worth $6,568,423 in the last quarter. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes Several equities research analysts have issued reports on BK shares. JPMorgan Chase & Co. boosted their price target on shares of BNY from $128.50 to $130.50 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Truist Financial boosted their price target on shares of BNY from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company boosted their price target on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Citigroup started coverage on shares of BNY in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Finally, Evercore set a $136.00 price target on shares of BNY in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.35.

View Our Latest Analysis on BK

BNY Profile (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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, /PRNewswire/ -- BNY, a global financial services company, today announced that it will change the ticker symbol for the common stock of The Bank of New York Mellon Corporation from "BK" to "BNY".

The company expects its common stock to begin trading under the new ticker symbol, BNY, on the New York Stock Exchange ("NYSE") effective May 21, 2026.

Founded in 1784 by Alexander Hamilton, BNY has been at the center of financial markets innovation for more than two centuries and in 1792, it was the first company traded on what would become the New York Stock Exchange. Today, BNY is supporting the next era of financial markets and accelerating its strategy to unlock growth. The BNY ticker symbol aligns the company's market identity more closely with its brand, strategic direction, and ambition. The company will celebrate the change by ringing the Closing Bell at the NYSE on May 21, 2026.

"BNY has long stood for trust, resilience and our central role in global capital markets. As we continue reimagining ourselves as a financial services platforms company for the future, changing our ticker to BNY reflects who we are today and where we're headed," said Robin Vince, CEO of BNY. "We're proud of our history, focused on the future, and always committed to delivering for our clients and helping them navigate what's next."

As part of this change, the ticker symbol representing interests in BNY's Series A Preferred Stock will change from "BK/P" to "BNY/P", and the ticker symbol representing interests in its Series K Preferred Stock will change from "BK PRK" to "BNY PRK".

No action is required by current securityholders with respect to the ticker symbol changes. Outstanding stock certificates, if any, will remain valid and will not need to be exchanged solely as a result of this change. Shares held in book-entry form or through a bank, broker, or other nominee will automatically reflect the new ticker symbol.

BNY's common stock will continue to be listed on the NYSE, as will BNY's other listed securities identified above. The change in ticker symbols will not affect the company's legal name, capital structure, CUSIPs or the rights of securityholders.

About BNY
BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, BNY's strategic priorities and direction. These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY's control). Actual outcomes may differ materially from those expressed or implied as a result of risks and uncertainties, including, but not limited to, the factors identified above and the risk factors and other uncertainties set forth in BNY's Annual Report on Form 10-K for the year ended December 31, 2025 and BNY's other filings with the SEC. All statements in this press release speak only as of the date on which such statements are made, and BNY undertakes no obligation to update any statement to reflect events or circumstances after the date on which such forward-looking statement is made or to reflect the occurrence of unanticipated events.

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SOURCE BNY

BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable June 30, 2026 to shareholders of record on June 11, 2026, with an ex-dividend date of June 11, 2026. The increase shown below to the Fund's distribution is primarily due to higher yields earned on the Fund's investments.

Fund

Ticker

Monthly
Distribution
Per Share

Change from
Prior Monthly
Distribution
Per Share

BNY Mellon Strategic Municipal Bond Fund, Inc.

DSM

$0.030

$0.004

BNY Mellon Strategic Municipals, Inc.

LEO

$0.030

$0.004

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527299291/en/

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