Monitor for pricing details of the preferred stock offering and any subsequent redemption notices for Series F or Series H preferred shares, which could impact the company's capital structure and cost of capital.
Price Chart
Executive Summary
Bank of New York Mellon Corp announced a proposed public offering of depositary shares representing Series M Noncumulative Perpetual Preferred Stock. Proceeds may be used for general corporate purposes, including potential redemptions of its Series F and Series H preferred stock, though no final decisions have been made and the offering is not yet priced.
Key Facts
- Announced a proposed public offering of depositary shares, each representing a 1/100th interest in a new Series M Noncumulative Perpetual Preferred Stock.
- Offering is subject to pricing and market conditions; no assurance it will close.
- Net proceeds intended for general corporate purposes, possibly including redemption of Series F Preferred Stock in September 2026.
- Company expects but is not obligated to redeem some or all of Series H Preferred Stock in March 2026.
- No final decisions on redemptions; this filing is not a notice of redemption.
Financial Impact
Offering size and use of proceeds not specified; potential redemption of Series F and Series H preferred stock, each with $100,000 liquidation preference per share, but amount and timing uncertain.
Risk Factors
- Offering may not proceed due to market conditions.
- Potential dilution or capital structure changes if offering closes and redemptions occur.
- Uncertainty around timing and extent of any preferred stock redemptions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-073612 |
| Document: 0001193125-26-073612-index-headers.html | 0001193125-26-073612 |
| Document: 0001193125-26-073612-index.html | 0001193125-26-073612 |
| Document: 0001193125-26-073612.txt | 0001193125-26-073612 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 17, 2026 27w ago | 144 | $25.48 $25.08 | ▼ −1.59% | ▼ −7.73% | — |
Apr 17, 2026 27w ago | Insider Cluster | $135.06 $154.06 | ▲ +14.07% | ▲ +8.20% | — |
Apr 16, 2026 27w ago | 8-K | $25.47 $25.21 | ▼ −1.02% | ▼ −8.07% | — |
Mar 5, 2026 33w ago | 8-K | $115.21 $142.59 | ▲ +23.77% | ▲ +10.99% | — |
Feb 26, 2026 34w ago | 8-K | $121.53 $138.98 | ▲ +14.36% | ▲ +6.61% | — |
US Market Status
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