Bank of New York Mellon Earnings Preview: Analysts Expect Rising Revenue, Falling EPS - Bank of America (NYSE:BAC), Bank of New York Mellon (NYSE:BK)

Bank of New York Mellon BK announces its next round of earnings this Wednesday, October 19, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.

Earnings and Revenue:

Analysts are predicting an EPS reading of 53 cents/share and revenues of $3.7 billion. Bank of New York Mellon's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 56 cents/share on revenues of $3.43 billion. We'll have to wait for Wednesday to see if Bank of New York Mellon reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q2	Q1	Q4	Q3
EPS Estimate	$0.56	$0.57	$0.57	$0.54
EPS Actual	$0.59	$0.50	$0.59	$0.56

Stock Performance:

As of October 13, 2011, Bank of New York Mellon's current share price was $18.84. Since January 1st, shares of Bank of New York Mellon have declined 36.8%. For a full 12 months, the return has declined by 26.7%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Long-term shareholders are already wary of 12-month losses prior to the announcement

Average Stock Rating:

The average rating by analysts for Bank of New York Mellon is a Moderate Buy. Over the past three months this rating's strength has declined slightly.

Competitors:

Want to check out the performance of Bank of New York Mellon closest competitors? Take a look at some of the company's peers in the financials sector.

Bank of America BAC: Hold with a -$0.90 recent quarter EPS
Citigroup C: Moderate Buy with a $1.09 recent quarter EPS
Goldman Sachs Group GS: Hold with a $1.85 recent quarter EPS
JPMorgan Chase & JPM: Moderate Buy with a $1.27 recent quarter EPS

The banks-major regional company's industry has seen price/earnings growth of 0.9% during the current fiscal year.

Finally, a description of the company's main areas of operation: The Bank of New York Mellon is a global financial services company offering various products and services for individuals and institutions. The main activities of the company and its subsidiaries include asset management, wealth management, and broker-dealer and advisory services.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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