Market Overview

Earnings Preview for Bank of New York Mellon

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Bank of New York Mellon (NYSE:BK) will be releasing its next round of earnings this Friday, October 16. For all of the relevant information, here is your guide for Friday's Q3 earnings announcement.

Earnings and Revenue

Analysts predict Bank of New York Mellon will report earnings of $0.94 per share on revenue of $3.83 billion. Bank of New York Mellon EPS in the same period a year ago totaled $1.07. Sales were $3.86 billion. If the company were to match the consensus estimate, earnings would be down 12.15%. Revenue would be down 0.8% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.91 0.88 1 0.99
EPS Actual 1.01 1.05 1.01 1.07
Revenue Estimate 3.89 B 3.85 B 3.94 B 3.91 B
Revenue Actual 4.01 B 4.11 B 3.99 B 3.86 B

Stock Performance

Shares of Bank of New York Mellon were trading at $36.58 as of October 14. Over the last 52-week period, shares are down 19.3%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Bank of New York Mellon is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/bk/mediaframe/40309/indexr.html

 

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Posted-In: Earnings