Bank of New York Mellon Corp — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
BNY Mellon Corporation issued 500,000 depositary shares on July 23, 2026, each representing 1/100th of a share of Series N Noncumulative Perpetual Preferred Stock with a $100,000 liquidation preference per share. The securities were underwritten by six lead underwriters (Goldman Sachs, JPMorgan, Morgan Stanley, RBC, UBS, and BNY Mellon Capital Markets) at $990 per depositary share, generating approximately $495 million in gross proceeds. The preferred stock carries a 6.150% initial fixed dividend rate through September 20, 2031, then resets quarterly to the five-year Treasury rate plus 1.868% spread.
Why this rating
Capital raise of ~$495M is 0.77% of company's $64.2B market cap—routine financing, not material to trajectory. Standard preferred stock issuance with typical terms.
See more from July 23, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.