No material impact on BNY common equity expected. Preferred holders (BNY/P series H) should tender for redemption at par. Monitor for any subsequent capital actions or issuance to replace the redeemed preferred.
Price Chart
Executive Summary
BNY announced the full redemption of its Series H Noncumulative Perpetual Preferred Stock and all corresponding depositary shares. The redemption, totaling approximately $582.5 million based on the stated redemption price of $1,000 per depositary share, will occur on June 20, 2026, with payment on June 22, 2026. This is a routine capital management action by a well-capitalized financial institution and carries no material implications for the common stock.
Key Facts
- BNY will redeem all 5,825 shares of Series H Preferred Stock and 582,500 depositary shares on June 20, 2026.
- Redemption price is $1,000 per depositary share, totaling approximately $582.5 million.
- Payment will be made on June 22, 2026, the first business day after the redemption date.
- Dividends on the Series H Preferred Stock will cease after the redemption date.
Financial Impact
Redemption of approximately $582.5 million in preferred capital. This reduces BNY's Tier 1 capital but is a manageable amount given its $97.5B market cap and $59.4 trillion in assets under custody.
Risk Factors
- Minor reduction in Tier 1 capital cushion, though unlikely to impact credit ratings given BNY's scale.
- No reinvestment risk for BNY as this is a planned redemption.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-269610 |
| Document: d119098dex991.htm | 0001193125-26-269610 |
| Document: 0001193125-26-269610-index-headers.html | 0001193125-26-269610 |
| Document: 0001193125-26-269610-index.html | 0001193125-26-269610 |
| Document: 0001193125-26-269610.txt | 0001193125-26-269610 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $147.18 | awaiting T+20 | — | $147.58 (+0.27%) |
Oct 26, 2026 1d ago | Institutional Cluster | $147.18 | awaiting T+20 | — | $147.58 (+0.27%) |
Oct 21, 2026 6d ago | Court Ruling | $145.32 | awaiting T+20 | — | $147.58 (+1.56%) |
Oct 16, 2026 11d ago | 8-K/A | $142.44 | awaiting T+20 | — | $147.58 (+3.61%) |
Oct 15, 2026 12d ago | Press Release | $142.09 | awaiting T+20 | — | $147.58 (+3.86%) |
Oct 15, 2026 12d ago | Press Release | $142.09 | awaiting T+20 | — | $147.58 (+3.86%) |
Oct 15, 2026 12d ago | 8-K | $142.09 | awaiting T+20 | — | $147.58 (+3.86%) |
Aug 20, 2026 9w ago | 8-K | $157.24 $153.79 | ▼ −2.19% | ▼ −2.07% | $147.58 (−6.14%) |
Aug 6, 2026 11w ago | 13F-HR | $158.82 $164.33 | ▲ +3.47% | ▲ +2.87% | $147.58 (−7.08%) |
Aug 6, 2026 11w ago | Institutional Cluster | $158.82 $164.33 | ▲ +3.47% | ▲ +2.87% | $147.58 (−7.08%) |
US Market Status
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