Bank of New York Mellon Corp — Form 8-K
Filed August 20, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 24/100
What the filing says
Bank of New York Mellon announced redemption of 10,000 shares of Series F Noncumulative Perpetual Preferred Stock and 1,000,000 corresponding Depositary Shares on September 20, 2026. The redemption price is $1,000 per Depositary Share ($100,000 per preferred share), totaling $1.0 billion in redemption payments. Payment will be made September 21, 2026, and no further dividends will accrue after the redemption date.
Why this rating
Preferred stock redemption is routine capital management; $1B outlay is ~1.6% of $64.2B market cap—immaterial relative to company size. No business operations affected.
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