Earnings
BNY Sells 1.25 Million Preferred Depositary Shares At $990.00 Apiece To Five Banks And Its Own Dealer Arm
BNY's new Series O preferred carries a $100,000 liquidation preference per share and curbs common payouts if a dividend is missed.
BNY
Bank of New York Mellon (BNY) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
BNY Prices $1.25 Billion Of 7.125% Perpetual Preferred, With Rate Resetting After December 20, 2031
The Series O depositary shares carry a $1,000 liquidation preference, and the term sheet shows $1,237,500,000 in net proceeds before expenses.
SEC Filings
BNY Names Vikram Malhotra To Risk And Finance Committees, Amended 8-K Shows
The new independent director's committee seats were open when he was elected in August, the amended filing says.
Earnings
BNY CEO Won't Say What It Spends On AI, Calling A Breakout 'Counterproductive'
Robin Vince said BNY runs $4 billion a year on technology against a $13 billion expense base, but AI stays folded into the inputs.
Earnings
BNY's Third-Quarter EPS Rose 24% To $2.34, But Fell From $2.45 In The Second Quarter
Revenue grew 12% from a year earlier while the tier 1 leverage ratio slipped to 5.7% from 5.9% after $1.4 billion went to shareholders.