Bank Of New York Mellon (BK) Scheduled to Post Earnings on Thursday
Bank Of New York Mellon (NYSE:BK) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, January 18th. Analysts expect Bank Of New York Mellon to post earnings of $0.91 per share for the quarter.
Bank Of New York Mellon (NYSE:BK) last issued its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the business earned $0.90 EPS. Bank Of New York Mellon’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect Bank Of New York Mellon to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Bank Of New York Mellon (NYSE:BK) opened at $57.30 on Thursday. Bank Of New York Mellon has a twelve month low of $43.85 and a twelve month high of $57.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $59,200.00, a price-to-earnings ratio of 16.85, a P/E/G ratio of 1.78 and a beta of 1.22.
A number of equities analysts recently issued reports on the company. Citigroup upgraded Bank Of New York Mellon from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday. Vining Sparks reissued a “buy” rating and issued a $62.00 price target on shares of Bank Of New York Mellon in a research report on Monday. Zacks Investment Research lowered Bank Of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $55.00 price target on shares of Bank Of New York Mellon in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.59.
About Bank Of New York Mellon
The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.
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