Bank of Montreal Can Boosts Stake in Bank of New York Mellon

The Canadian bank increased its holdings in the U.S. financial services firm by 27.8% in the third quarter.

Mar. 12, 2026 at 7:20am

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Bank of Montreal Can, a Canadian bank, boosted its position in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 27.8% during the 3rd quarter, according to the company's recent SEC filing. The firm now owns 904,450 shares of the bank's stock, worth approximately $98.5 million.

Why it matters

Bank of New York Mellon is a major global financial services company, providing custody, asset servicing, clearing, and other critical infrastructure solutions to institutional clients worldwide. The increase in Bank of Montreal Can's stake suggests confidence in the company's prospects and growth potential.

The details

Bank of Montreal Can purchased an additional 196,895 shares of Bank of New York Mellon during the third quarter, bringing its total holdings to 904,450 shares. This represents approximately 0.13% of the bank's outstanding stock. The purchase was part of Bank of Montreal Can's broader investment strategy and portfolio diversification efforts.

  • Bank of Montreal Can disclosed the increased stake in a filing with the SEC on March 12, 2026.

The players

Bank of Montreal Can

A Canadian bank that is one of the largest in North America, offering a wide range of financial services to individual, business, and institutional clients.

The Bank of New York Mellon Corporation

A global financial services company headquartered in New York City that provides custody, asset servicing, clearing, and other critical infrastructure solutions to institutional clients worldwide.

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The takeaway

The increased stake by Bank of Montreal Can in Bank of New York Mellon suggests confidence in the U.S. financial firm's long-term growth prospects, as it continues to play a vital role in the global financial system.