EPS for The Bank of New York Mellon Corporation (BK) Expected At $1.04

June 15, 2018 - By James Hentges

The Bank of New York Mellon Corporation (NYSE:BK) LogoInvestors sentiment decreased to 0.87 in 2018 Q1. Its down 0.12, from 0.99 in 2017Q4. It worsened, as 53 investors sold The Bank of New York Mellon Corporation shares while 340 reduced holdings. 81 funds opened positions while 260 raised stakes. 812.17 million shares or 1.50% less from 824.52 million shares in 2017Q4 were reported.
Intact Inv, Ontario – Canada-based fund reported 7,200 shares. Rmb Cap Management Limited Liability reported 1,303 shares stake. Endurance Wealth Management holds 1,085 shares. Sheets Smith Wealth Mngmt has invested 0.09% in The Bank of New York Mellon Corporation (NYSE:BK). Montag A Assocs has invested 0.12% in The Bank of New York Mellon Corporation (NYSE:BK). Northwest Inv Counselors Limited Com holds 0.76% or 35,212 shares in its portfolio. Neville Rodie Shaw, a New York-based fund reported 44,882 shares. Enterprise Financial Svcs has invested 0.04% in The Bank of New York Mellon Corporation (NYSE:BK). Johnson Inv Counsel holds 0.02% or 14,746 shares in its portfolio. Regal Inv Ltd Liability owns 35,876 shares for 0.41% of their portfolio. 1.00 million were accumulated by Kingstown Capital Mgmt Ltd Partnership. Horizon Kinetics Ltd owns 32,354 shares. Huntington Bancshares reported 0.02% in The Bank of New York Mellon Corporation (NYSE:BK). Cypress Capital Mngmt Limited Liability Company (Wy) invested in 290 shares or 0.02% of the stock. California State Teachers Retirement Sys has 0.19% invested in The Bank of New York Mellon Corporation (NYSE:BK).

Analysts expect The Bank of New York Mellon Corporation (NYSE:BK) to report $1.04 EPS on July, 19.They anticipate $0.12 EPS change or 13.04 % from last quarter’s $0.92 EPS. BK’s profit would be $1.05B giving it 13.65 P/E if the $1.04 EPS is correct. After having $1.10 EPS previously, The Bank of New York Mellon Corporation’s analysts see -5.45 % EPS growth. The stock decreased 0.91% or $0.52 during the last trading session, reaching $56.8. About 3.43 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since June 15, 2017 and is uptrending. It has outperformed by 7.73% the S&P500.

The Bank of New York Mellon Corporation (NYSE:BK) Ratings Coverage

Among 12 analysts covering BNY Mellon (NYSE:BK), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. BNY Mellon had 22 analyst reports since December 21, 2017 according to SRatingsIntel. On Thursday, April 19 the stock rating was maintained by Sandler O’Neill with “Hold”. Citigroup upgraded the stock to “Buy” rating in Wednesday, January 10 report. The stock has “Overweight” rating by Morgan Stanley on Friday, April 20. The firm earned “Buy” rating on Tuesday, March 6 by Deutsche Bank. The firm has “Hold” rating given on Thursday, April 5 by Jefferies. The firm earned “Hold” rating on Monday, April 9 by Sandler O’Neill. The firm has “Hold” rating given on Monday, March 12 by Goldman Sachs. The company was downgraded on Friday, January 19 by J.P. Morgan. The firm has “Buy” rating by Vining Sparks given on Friday, April 6. Jefferies maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Tuesday, January 9. Jefferies has “Hold” rating and $60.0 target.

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 has market cap of $57.41 billion. It operates through two divisions, Investment Management and Investment Services. It has a 14.24 P/E ratio. The firm offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services.

Another recent and important The Bank of New York Mellon Corporation (NYSE:BK) news was published by Schaeffersresearch.com which published an article titled: “Worst Stocks to Own After a Fed Rate Hike” on June 08, 2018.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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