BNY's profit jumps on fee growth

BNY reported a 21% jump in third-quarter profit on Thursday, as soaring equity markets boosted the value of its client assets, helping the world's largest custodian bank earn more in fees.

Reuters • Oct 16, 2025

BNY Profit Rises on Higher Net Interest and Fees

Bank of New York Mellon posted higher third-quarter profit, boosted by a surge in net interest income and fees revenue.

WSJ • Oct 16, 2025

BNY's profit rises on higher interest income, fee revenue growth

BNY's profit jumped in the second quarter, the Wall Street bank reported on Tuesday, driven by higher interest income and fee revenue growth, as client portfolios swelled due to a recovery in the equity market.

Reuters • Jul 15, 2025

BNY: For New Yorkers, For Income, But Interest Rate Risk

BlackRock New York Municipal Income Trust is a managed fund investing in NY municipal bonds, offering tax-free income for NY state and city taxpayers. This fund is most attractive to investors in high tax brackets seeking income, not capital gains, and who pay NY state and city taxes. Non-NY residents or those with low/no income tax liability should look elsewhere, as the tax advantages are specific to NY taxpayers.

Seeking Alpha • May 19, 2025

Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025)

10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering.

Seeking Alpha • Apr 23, 2025

New Preferred Stock IPOs, March 2025

We tracked six new preferred stock and exchange traded debt offerings with yields from 6.15% to 10%, highlighting their CDx3 Compliance Scores. Oxford Lane Capital Corp.'s new exchange notes (OXLCG) achieved a perfect CDx3 Compliance Score, offering a 7.95% fixed coupon and a BBB+ rating. Preferred stock IPOs often trade temporarily on the OTC, allowing investors to buy shares at wholesale prices before they move to retail exchanges.

Seeking Alpha • Apr 1, 2025

BNY CEO Robin Vince: Sentiment and data are in different places at the moment

BNY CEO Robin Vince joins 'Squawk Box' to discuss the company's stock performance, state of the European markets and economy, U.S.-Europe relations, latest market trends, investor sentiment, and more.

CNBC Television • Mar 26, 2025

BNY Wealth's Alicia Levine on new 5,900 S&P 500 year-end target

Alicia Levine, BNY Wealth head of investment strategy, joins 'Squawk Box' to discuss the latest market trends, state of the economy, BNY's new S&P 500 year-end target, and more.

CNBC Television • Oct 15, 2024

BlackRock Announces Certified Results of 2024 Annual Meetings of Ten Contested Closed-End Funds

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today the final certified voting results of the 2024 Annual Meetings of Shareholders (the “Annual Meetings”) of the ten closed-end funds contested by Saba Capital Management, L.P. (“Saba”): BlackRock Capital Allocation Term Trust (NYSE: BCAT) BlackRock California Municipal Income Trust (NYSE: BFZ) BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) BlackRock Health Sciences Term Trust (NYSE: BMEZ) BlackRock New York.

Business Wire • Jul 23, 2024

Glass Lewis Supports ALL of BlackRock's Board Nominees and Rejects ALL of Saba's Proposals to Terminate BlackRock as Investment Adviser at Contested CEF Annual Meetings

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that leading independent proxy advisory firm Glass Lewis has issued recommendations for the reelection of ALL of BlackRock's Board nominees and against ALL proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”) at the upcoming contested meetings for ten closed-end funds advised by BlackRock. Glass Lewis has recommended that shareholders vote on the WHITE proxy card: FOR ALL Board nomine.

Business Wire • Jun 14, 2024