Economy

Bank Of New York Mellon Corporation (The) (NASDAQ:BK) To Release Earnings

Bank Of New York Mellon Corporation (The) (NASDAQ:BK) To Release Earnings

The stock has "Hold" rating by RBC Capital Markets on Wednesday, April 5. Citigroup restated a neutral rating and issued a $56.00 price target (up previously from $53.00) on shares of Bank Of New York Mellon in a research report on Monday, October 9th. Analysts giving the company a rating of 3 would be indicating a Hold recommendation. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock now has a consensus rating of "Hold" and a consensus price target of $56.59. As of this writing, The Bank of New York Mellon Corporation's RSI stands at 73.26. About 1.77 million shares traded or 42.05% up from the average. Bank Of New York Mellon Corporation has a 12-month low of $43.85 and a 12-month high of $58.99. For investors, it allows a very quick snapshot of the company's finances without getting bogged down in the details of an accounting report. In the last 27 earnings reports, the company has topped earnings-per-share estimates 0% percent of times.

Bank of New York Mellon Corp (BNY) declined 4.7% or $2.75 to $55.14 after the investments services provider reported revenues in the fourth-quarter ending in December fell 2% from a year ago to $3.7 billion. The bank reported $0.91 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.91.

The Bank of New York Mellon Corporation provides financial services and products to institutions, firms, and high net worth individuals in the United States and internationally.

The company's Average Revenue Estimate for the current quarter is $4.04 Billion, while Low and High Revenue Estimates are $3.96 Billion and $4.09 Billion respectively. This was higher than $0.82 billion, or $0.77 per share, in last year's fourth quarter. Bank Of New York Mellon's revenue was up 1.9% on a year-over-year basis. research analysts predict that Bank Of New York Mellon will post 3.55 earnings per share for the current year. Deutsche Bank maintained the stock with "Buy" rating in Thursday, June 16 report. Sg Americas Secs Limited Liability Corp stated it has 6,030 shares or 0% of all its holdings. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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Following Earnings result, share price were DOWN 18 times out of last 32 Qtrs. Moreover, Security National Bank Of Sioux City Iowa Ia has 0.9% invested in the company for 149,858 shares. The disclosure for this sale can be found here. The company's stock has grown by 11.51 percent in the past 5 years. Westchester invested in 187,935 shares or 4.27% of the stock. Mycio Wealth Limited Liability Corp has 0.04% invested in The Bank of New York Mellon Corporation (NYSE:BK). Logan Capital Management Inc. now owns 4,656 shares of the bank's stock valued at $238,000 after acquiring an additional 74 shares in the last quarter. Guggenheim Capital Lc reported 0.12% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Beck Mack And Oliver Limited Liability Company reported 45,556 shares. Cobblestone Cap Advsr Llc New York has invested 1.5% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). The institutional investor held 6,325 shares of the business services company at the end of 2017Q3, valued at $1.09 billion, up from 4,835 at the end of the previous reported quarter. Clear Perspective Advisors LLC boosted its position in Bank Of New York Mellon by 1.5% during the 2nd quarter. The firm has "Buy" rating by Deutsche Bank given on Friday, August 5.

Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock.

Bank Of New York Mellon (BK) opened at $57.89 on Thursday. If you are reading this story on another site, it was illegally copied and republished in violation of US & worldwide trademark and copyright legislation. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Friday, January 8. The institutional investor held 183,432 shares of the major banks company at the end of 2017Q3, valued at $9.73M, up from 149,762 at the end of the previous reported quarter.


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