Bank of New York Mellon Corp. (BK) Scheduled to Post Quarterly Earnings on Friday
Bank of New York Mellon Corp. (NYSE:BK) is set to announce its earnings results on Friday, January 17th. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Bank of New York Mellon Corp. (NYSE:BK) opened at 34.16 on Thursday. Bank of New York Mellon Corp. has a 52-week low of $25.72 and a 52-week high of $35.66. The stock has a 50-day moving average of $33.91 and a 200-day moving average of $31.81. The company has a market cap of $39.233 billion and a P/E ratio of 18.57.
A number of analysts have recently weighed in on BK shares. Analysts at Barclays raised their price target on shares of Bank of New York Mellon Corp. from $34.00 to $39.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. On a related note, analysts at Credit Suisse initiated coverage on shares of Bank of New York Mellon Corp. in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Bank of New York Mellon Corp. in a research note to investors on Tuesday, December 3rd. They now have a $35.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $33.77.
The Bank of New York Mellon Corporation (NYSE:BK) is a global financial services company.
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