Invesco Unlocks $180 Million Windfall After QQQ Vote Passes [Yahoo! Finance Canada]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Subject to board approval, Invesco will now lower QQQ's expense ratio by two basis points to 0.18% given that the item, along with two others, were approved. Invesco expects QQQ to begin trading as an open-end fund on Dec. 22, according to a press release. Invesco shares have surged by more than 50% since the asset manager filed its proxy statement with the Securities and Exchange Commission in mid-July in anticipation of Friday's vote. The technical tweak to QQQ has enormous consequences for Invesco. Chief Financial Officer Allison Dukes said on the company's July earnings call that transforming QQQ into an ETF could benefit net revenue and adjusted operating income by about four basis points — or roughly $180 million at current asset levels, according to Bloomberg Intelligence's Neil Sipes. In its current investment trust format, Invesco sees virtually none of the substantial fee revenue that QQQ generates. With about $402 billion in assets and an e
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News
- Invesco Unlocks $180 Million Windfall After QQQ Vote Passes [Yahoo! Finance]Yahoo! Finance
- FRN Variable Rate Fix [Yahoo! Finance]Yahoo! Finance
- Bank of New York Mellon (NYSE:BK) had its price target raised by analysts at Morgan Stanley from $118.00 to $124.00. They now have an "overweight" rating on the stock.MarketBeat
- FRN Variable Rate Fix [Yahoo! Finance]Yahoo! Finance
- Emeren Group Announces Completion of Merger [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 10/16/25 - Beat
BK
Sec Filings
- 12/12/25 - Form 3
- 12/11/25 - Form 4
- 12/11/25 - Form 8-K
- BK's page on the SEC website