BNY Mellon Statement on the Results of the Second Round of 2020 Stress Tests

NEW YORK, Dec. 18, 2020 /PRNewswire/ — On December 18, 2020, the Federal Reserve released the results of the second round of bank holding company stress tests during 2020, further demonstrating the resiliency and strength of BNY Mellon’s business model and capital position in times of stress. The restriction on open market common share repurchases applicable to BNY Mellon during the third and fourth quarters of 2020 will be modified for the first quarter of 2021. 

During the first quarter, BNY Mellon expects to maintain its common stock dividend (subject to the approval of the board of directors) and resume open market repurchases in an amount up to that consistent with the modified distribution limitations.

“We are pleased to announce our intention to resume our common share buyback program.  With these modifications, we expect to maintain strong capital ratios while also delivering an attractive capital return back to our shareholders.” said Todd Gibbons, Chief Executive Officer of BNY Mellon.

The company’s share repurchase program, authorized by its board of directors, may be utilized, at management’s discretion, to conduct these repurchases.  The timing, manner and amount of repurchases is subject to various factors, including our capital position, capital deployment opportunities, prevailing market conditions, legal and regulatory considerations (including the restriction described above), and our outlook for the economic environment.


BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2020, BNY Mellon had $38.6 trillion in assets under custody and/or administration, and $2.0 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on[1]. Follow us on Twitter @BNYMellon or visit our newsroom at[2] for the latest company news.

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