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0 -0.0148700209643606 -0.008979035639413 -0.008979035639413 0.000209643605869979 0.00356394129979039 -0.00293501048218031 -0.00293501048218031
Stock impact report

BNY Mellon Announces $830 Million Increase to Common Stock Share Repurchase Program

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- BNY Mellon today announced that it has received approval from the Federal Reserve and its Board of Directors to immediately increase its repurchase program of common stock by up to an additional $830 million through the second quarter of 2019.  These repurchases are in addition to the company's repurchase of $2.4 billion of common stock previously announced on June 28, 2018. "We are pleased that BNY Mellon is in a position to return additional capital to our shareholders through the repurchase of an additional $830 million of common stock," said Charles W. Scharf, Chairman and Chief Executive Officer.  "For more than a year, we have been working on refinements to our internal CCAR models which have been a constraint for BNY Mellon returning additional capital.  We are confident that we will continue to maintain strong capital ratios and be able to invest in our business going forward with this higher level of capital return to shareholders."BNY Show less Read more
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