On July 15, 2025, Wells Fargo updated its rating for The Bank of New York Mellon Corporation (NYSE:BK), changing the grade to "Reduce." At the time of this announcement, the stock was priced at $94.62. BNY, a global financial services company, has been a trusted partner for over 240 years, helping clients manage, move, and secure their financial assets. The company is known for its comprehensive range of services, including asset management, custody, and treasury services.
Despite the "Reduce" rating, BNY has announced dividends on its common and preferred stock. The quarterly dividend for common stock is set at $0.53 per share, payable on August 7, 2025, to shareholders recorded by July 25, 2025. This dividend announcement reflects BNY's commitment to returning value to its shareholders, even amidst a cautious outlook from Wells Fargo.
For its noncumulative perpetual preferred stock, BNY has declared dividends for the period ending in September 2025. These dividends will be distributed on September 22, 2025, to holders recorded by September 5, 2025. The dividends for the preferred stock vary across different series, with Series J offering the highest payout at $3,325.00 per share. This diverse dividend structure highlights BNY's strategic approach to maintaining investor interest across its various stock offerings.
BNY reported a significant increase in profit for the second quarter of 2025, driven by higher interest income and growth in fee revenue. The bank benefited from a recovery in the equity market, which led to an expansion in client portfolios. This financial performance underscores BNY's resilience and ability to capitalize on favorable market conditions, even as its stock receives a "Reduce" rating.
The stock for BNY is currently priced at $95.70, reflecting a slight increase of 0.03, or 0.31%. Today, the stock has fluctuated between a low of $93.76 and a high of $96.12. Over the past year, BNY has reached a high of $95.72 and a low of $61.42. With a market capitalization of approximately $67.05 billion, BNY remains a significant player in the financial services sector.
