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What's Next: Bank of New York Mellon's Earnings Preview

Bank of New York Mellon (NYSE:BK) is preparing to release its quarterly earnings on Friday, 2024-10-11. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Bank of New York Mellon to report an earnings per share (EPS) of $1.39.

The market awaits Bank of New York Mellon's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings History Snapshot

Last quarter the company beat EPS by $0.08, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Bank of New York Mellon's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.43

1.19

1.13

1.15

EPS Actual

1.51

1.29

1.28

1.27

Price Change %

5.0%

1.0%

4.0%

-1.0%

Tracking Bank of New York Mellon's Stock Performance

Shares of Bank of New York Mellon were trading at $74.02 as of October 09. Over the last 52-week period, shares are up 79.31%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Bank of New York Mellon

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Bank of New York Mellon.

The consensus rating for Bank of New York Mellon is Neutral, based on 14 analyst ratings. With an average one-year price target of $72.43, there's ...

https://www.benzinga.com/insights/earnings/24/10/41272888/whats-next-bank-of-new-york-mellons-earnings-preview