Bank Of New York Mellon Corp

NYSE:BK  
42.43
+0.72 (+1.73%)
Earnings Announcements

Franklin Templeton To Acquire Alcentra From BNY Mellon

Published: 05/31/2022 13:13 GMT
Bank Of New York Mellon Corp (BK) - Franklin Templeton to Acquire Alcentra From Bny Mellon.
Bank of New York Mellon Corp - Bny Mellon Investment Management Will Continue to Offer Alcentra's Capabilities in Bny Mellon's Sub-advised Funds and in Select Regions.
Bank of New York Mellon Corp - Transaction Will Double Size of Benefit Street Partners' Assets Under Management to $77 Billion.
Bank of New York Mellon Corp - Franklin Templeton Will Pay $350 Million in Cash at Close of Deal.
Bank of New York Mellon Corp - Deal Expected to Increase Franklin Templeton's Alternative Assets Under Management to $257 Billion.
Bank of New York Mellon Corp - Franklin Templeton Has Committed to Purchase All Seed Capital Investments From Bny Mellon Related to Alcentra.
Bank of New York Mellon Corp - Proposed Deal for Bny Mellon Expects Transaction to Increase Bny Mellon's Common Equity Tier 1 Capital by Approximately $0.5 Billion.
Bank of New York Mellon Corp - Acquisition Will Be Funded From Franklin Templeton's Existing Balance Sheet Resources.
Bank of New York Mellon Corp - Acquisition is Expected to Be Immediately Accretive to Franklin Templeton's Adjusted Earnings per Share.
Bank of New York Mellon Corp - Bny Mellon and Alcentra Will Continue Distribution and Asset Servicing Relationship.
Bank of New York Mellon Corp - Franklin Templeton Will Pay Up to a Further $350 Million in Contingent Consideration Over Next Four Years.
Revenue is expected to be $4.15 Billion
Adjusted EPS is expected to be $1.14

Next Quarter Revenue Guidance is expected to be $4.25 Billion
Next Quarter EPS Guidance is expected to be $1.17

More details on our Analysts Page.