Bank of New York Mellon Corp. (BK) Scheduled to Post Quarterly Earnings on Wednesday
Bank of New York Mellon Corp. (NYSE:BK) is scheduled to issue its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $3.75 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Bank of New York Mellon Corp. (NYSE:BK) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.14. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company posted $0.57 earnings per share. Bank of New York Mellon Corp.’s revenue was up 5.5% compared to the same quarter last year. On average, analysts expect Bank of New York Mellon Corp. to post $2.29 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.
Bank of New York Mellon Corp. (NYSE:BK) opened at 31.18 on Tuesday. Bank of New York Mellon Corp. has a one year low of $23.04 and a one year high of $32.36. The stock has a 50-day moving average of $30.53 and a 200-day moving average of $29.74. The company has a market cap of $35.872 billion and a P/E ratio of 19.06.
A number of analysts have recently weighed in on BK shares. Analysts at ISI Group initiated coverage on shares of Bank of New York Mellon Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. On the ratings front, analysts at Raymond James cut their price target on shares of Bank of New York Mellon Corp. from $35.00 to $34.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Bank of New York Mellon Corp. from $30.00 to $32.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.32.
The Bank of New York Mellon Corporation (NYSE:BK) is a global financial services company.
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