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Mellon Mortgage Company

Bank of New York Mellon Corporation Sued By Knights of Columbus

Bank of New York Mellon Corp (NYSE:BK) is being targeted for allegedly violating state law while representing mortgage-bond investors, was accused ...

Synovus Financial Corp. (NYSE:SNV) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in Synovus Financial Corp. (NYSE:SNV) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,556,012 shares of the bank’s stock after selling 61,231 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.31% of Synovus Financial worth $82,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in SNV. CIBC Asset Management Inc bought a new position in shares of Synovus Financial in the first quarter worth about $201,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Synovus Financial in the second quarter worth about $214,000. Cigna Investments Inc. New bought a new position in shares of Synovus Financial in the first quarter worth about $207,000. Csenge Advisory Group bought a new position in shares of Synovus Financial in the first quarter worth about $209,000. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Synovus Financial in the first quarter worth about $226,000. Institutional investors and hedge funds own 81.02% of the company’s stock.

Orchid Island Capital Inc (ORC) Plans Monthly Dividend of $0.08

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.32). equities analysts expect that Orchid Island Capital will post 1.49 EPS for the current year.

An institutional investor recently raised its position in Orchid Island Capital stock. Bank of New York Mellon Corp increased its position in Orchid Island Capital Inc (NYSE:ORC) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,006 shares of the real estate investment trust’s stock after acquiring an additional 9,615 shares during the period. Bank of New York Mellon Corp owned approximately 0.39% of Orchid Island Capital worth $1,519,000 as of its most recent SEC filing. 33.08% of the stock is owned by institutional investors.

ORC has been the subject of several analyst reports. Zacks Investment Research cut Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine raised Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 6th.

Emergency Economic Stabilization Act. Failed?

First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.

Then it was about using $250 billion of it to buy stakes in banks.


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