Bank of New York Mellon Corp — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
BNY Mellon Corporation completed an underwritten public offering of 1,250,000 depositary shares (each representing 1/100th interest in Series O Noncumulative Perpetual Preferred Stock) at $990 per share ($1.2375B gross proceeds). Underwriters: Barclays, BofA, Deutsche Bank, Goldman Sachs, Morgan Stanley, BNY Mellon Capital Markets. Each preferred share has $100,000 liquidation preference; pays 7.125% fixed dividend through December 2031, then resets quarterly to 5-year Treasury rate plus 2.192% spread. Perpetual security redeemable at BNY Mellon's option after December 2031.
Why this rating
Capital raise ~$1.24B (1.9% of $64.2B market cap); routine preferred equity issuance; standard terms for mega-cap bank. No business impact.
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