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

June 15, 2018 - By Nellie Frank

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 is negative, 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.
Bragg Finance Advisors, a North Carolina-based fund reported 100,604 shares. Veritas Mngmt Limited Liability Partnership has 16,387 shares for 0.11% of their portfolio. 19,848 were accumulated by Northstar Gp. First Bancorp And Tru Of Newtown holds 0.12% or 8,259 shares in its portfolio. Prelude Cap Mgmt Ltd Liability Co holds 0.09% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 24,657 shares. California-based Los Angeles Cap And Equity Rech has invested 0.07% in The Bank of New York Mellon Corporation (NYSE:BK). Logan Capital Management reported 0.02% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Fdx Advsr holds 0.08% in The Bank of New York Mellon Corporation (NYSE:BK) or 50,576 shares. Rand Wealth Ltd Liability Corporation has 52,411 shares. Wright Investors Serv has invested 0.56% in The Bank of New York Mellon Corporation (NYSE:BK). Bnp Paribas Arbitrage accumulated 0% or 440,215 shares. Gsa Capital Prns Limited Liability Partnership invested in 4,970 shares. Moreover, Brown Brothers Harriman And Communication has 0% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 11,653 shares. Aristotle Cap Ltd Liability Company has 1,389 shares. Berkshire Asset Ltd Pa accumulated 0.04% or 8,466 shares.

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. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Thursday, January 18 by Sandler O’Neill. Sandler O’Neill maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, April 19 with “Hold” rating. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank on Tuesday, March 6. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Thursday, April 5 by Jefferies. Goldman Sachs downgraded the stock to “Hold” rating in Monday, March 12 report. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, March 8. On Monday, March 12 the stock rating was maintained by Morgan Stanley with “Overweight”. On Friday, January 19 the stock rating was downgraded by JP Morgan to “Underweight”. On Friday, April 20 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Overweight” rating by Morgan Stanley given on Friday, February 2.

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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