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

June 15, 2018 - By Eva Godbolt

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 fall, 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.
13,013 were reported by Whittier. Atwood And Palmer Inc holds 4,100 shares. Legal General Gru Public Ltd Com stated it has 4.70 million shares. Security Tru invested in 750 shares. Canandaigua Natl Bank And Tru Co has 7,710 shares. First Foundation Advisors has invested 2.08% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Credit Suisse Ag invested in 0.09% or 1.81M shares. Webster Retail Bank N A accumulated 3,092 shares. Panagora Asset Mngmt holds 0.14% or 712,875 shares in its portfolio. First Personal Fincl Svcs stated it has 16,879 shares. Whittier Trust Com Of Nevada Inc holds 8,557 shares. Amg Tru Bancorporation reported 0.16% in The Bank of New York Mellon Corporation (NYSE:BK). Parametric Associate Ltd Liability holds 0.14% or 2.71M shares in its portfolio. Laffer Investments accumulated 50,477 shares. Daiwa Secs Grp has 45,951 shares for 0.02% of their portfolio.

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 3.43M 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. Sandler O’Neill maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Thursday, January 18. Sandler O’Neill has “Hold” rating and $58.0 target. Jefferies maintained it with “Hold” rating and $60.0 target in Tuesday, January 9 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, April 6. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Overweight” rating by Morgan Stanley on Friday, April 20. The company was maintained on Friday, April 20 by Credit Suisse. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Sandler O’Neill on Monday, April 9. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, April 19 report. Vining Sparks upgraded the stock to “Buy” rating in Friday, April 6 report. The stock has “Underweight” rating by JP Morgan on Friday, January 19.

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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