Minaya Jose sold $572K of BNY

Shares of SoFi, BNY Mellon, Bread Financial, Perella Weinberg, and Morgan Stanley fell after September consumer price inflation data showed a 3.7% annual increase, raising Fed rate hike concerns. SoFi dropped 6.9%, BNY Mellon 3%, Bread Financial 3%, Perella Weinberg 4.2%, and Morgan Stanley 3.3%. SoFi reported Q1 revenue of $1.1B, up 42.8% YoY, but guidance missed estimates, leading to a 13.5% drop six months ago.

BNY Mellon expanded its digital asset custody platform to EU institutions on October 8, 2026, offering regulated safekeeping for Bitcoin, Ethereum, Solana, and USDC under the MiCA framework. The bank manages $62.6 trillion in assets globally and uses multiparty computation and cold storage for security. BNY plans to add more tokens and stablecoins but has not set a timeline.

BNY Mellon expanded its digital asset custody platform in Europe under the MiCA framework, offering regulated crypto custody services to institutional clients. The bank's European entity was registered with ESMA in July 2026. BNY's platform supports Bitcoin, Ethereum, Solana, and USDC, with plans to add more assets. The move follows similar expansions by ICE and Standard Chartered, reflecting growing institutional demand for crypto custody services.

BNY Mellon (BK) won a £11bn depositary and custody services mandate from Valu-Trac, covering nearly 100 funds. Valu-Trac is transitioning from its previous arrangement with NatWest and CACEIS.

JPMorgan raised its price target for Bank of New York Mellon to $161 from $159, maintaining an 'overweight' rating. The stock has a 5-day change of -0.49%, a 1st Jan change of -4.17%, and a 23.97% increase over a longer period.

BNY Mellon agreed to buy its Dublin headquarters from Marlet Property Group for €140-165M. The 16,443sq m building will accommodate over 1,300 employees. BNY previously leased space and expanded before deciding to purchase. The deal reflects BNY's commitment to Ireland, according to its CFO.