The Online Investor
BK Buyback image

BNY Mellon Buyback

OLI recorded this information on 6/28/2017

Company: BNY Mellon
Buyback: BK buyback
$Amount Authorized: $2,600,000,000
Buyback Details: BNY Mellon, a global leader in investment management and investment services, today announced that the Federal Reserve did not object to the 2017 capital plan in its Comprehensive Capital Analysis and Review ("CCAR"). As a result, the company's board of directors has approved the repurchase of up to $2.6 billion of its common stock starting in the third quarter of 2017 and continuing through the second quarter of 2018. The board also approved the repurchase of up to an additional $500 million of common stock contingent upon the company issuing $500 million of preferred stock. The 2017 capital plan also includes an approximately 26 percent increase to BNY Mellon's quarterly cash dividend on common stock from $0.19 to $0.24 per share, commencing as early as the third quarter of 2017, subject to board approval.

Bank of New York Mellon divides its businesses into two business segments, Investment Services and Investment and Wealth Management. Co. also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including Co.'s securities portfolio), derivatives and other trading activity, corporate and bank-owned life insurance, renewable energy investments and business exits. Co.'s two principal U.S. banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. Co. has four other U.S. bank and/or trust company subsidiaries focusing on trust products and services across the U.S.

Bank of New York Mellon SEC Filing Email Alerts Service

Preferreds: BK.PRE, BK.PRF, BK.PRC

Open the BK Page at The Online Investor »

Company Name: 
Bank of New York Mellon Corp
Stock buyback: 
BK buyback
Banking & Savings
Number of ETFs Holding BK: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the BK Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree BK Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.57 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
BK Stock Forecast

Based on Zacks ABR data;
powered by Xignite

BK Buyback Page |

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.