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BK Bank of New York Mellon Corporation

56.03
-0.46 (-0.81%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bank of New York Mellon Corporation NYSE:BK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.46 -0.81% 56.03 56.93 56.08 56.53 4,053,957 22:16:00

Marcato Capital Management Releases Additional Materials to Shareholders of The Bank of New York Mellon

07/04/2015 7:00pm

PR Newswire (US)


Bank of New York Mellon (NYSE:BK)
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SAN FRANCISCO, April 7, 2015 /PRNewswire/ -- Marcato Capital Management LP ("Marcato"), a San Francisco-based investment manager that beneficially owns approximately 1.6% of the outstanding shares of The Bank of New York Mellon Corporation (NYSE: BK), today released additional materials to shareholders of The Bank of New York Mellon. The materials can be viewed at www.ABetterBankofNewYork.com.

Marcato continues to believe that The Bank of New York Mellon is falling far short of its potential.  Current management's long-term performance targets are too low, which suggests continued poor execution on controllable expenses and revenue growth opportunities.  Marcato believes meaningful leadership change at the company is necessary in order to create significant, long-term shareholder value.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/marcato-capital-management-releases-additional-materials-to-shareholders-of-the-bank-of-new-york-mellon-300062192.html

SOURCE Marcato Capital Management LP

Copyright 2015 PR Newswire

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