This Slide: #67 of 100 |
Slide #67. BNY Mellon — Full Ownership of HedgeMark International, LLC
Acquirer:
BNY Mellon (NYSE:BK)
Acquiree:
Full Ownership of HedgeMark International, LLC
Details:
BNY Mellon, a global leader in investment management and investment services, announced that it has signed an agreement to acquire the remaining 65% interest of HedgeMark International, LLC, a current affiliate and a provider of hedge fund managed account and risk analytic services.
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, derivatives and other trading activity, corporate and bank-owned life insurance, renewable energy and other corporate investments and certain 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.'s two principal U.S. banking subsidiaries are: The Bank of New York Mellon and BNY Mellon, National Association.
Bank of New York Mellon SEC Filing Email Alerts Service
Preferreds: BK.PRE, BK.PRF, BK.PRC
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Buy (3.18 out of 4) 38th percentile
(ranked lower than approx. 62% of all stocks covered)
Analysts' Target Price: BK Stock Forecast Based on Zacks ABR data; powered by Xignite |