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

June 15, 2018 - By Migdalia James

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 dropped, 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.
Yacktman Asset Mngmt Lp holds 3.65M shares. Bb&T Corp reported 0.01% stake. 5,627 are held by Oh Adv. Edgemoor reported 19,108 shares or 0.13% of all its holdings. Salient Tru Lta owns 17,530 shares. Federated Pa holds 0.33% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 2.20M shares. Franklin Resource reported 434,299 shares or 0.01% of all its holdings. Creative Planning stated it has 71,031 shares. Cortland Advisers Ltd reported 2.30 million shares or 5.43% of all its holdings. Welch Capital Partners Llc stated it has 0.07% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Mason Street Advsr Ltd Co reported 0.17% stake. Pinnacle Limited has invested 0.18% in The Bank of New York Mellon Corporation (NYSE:BK). Stratos Wealth Prns Limited holds 0.05% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 23,943 shares. Fmr Lc reported 8.24 million shares. Fil Ltd holds 0.8% or 5.65M shares in its 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. Keefe Bruyette & Woods maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $63.0 target. As per Friday, January 19, the company rating was downgraded by JP Morgan. On Thursday, April 19 the stock rating was maintained by Sandler O’Neill with “Hold”. Goldman Sachs downgraded the shares of BK in report on Monday, March 12 to “Hold” rating. Morgan Stanley maintained the stock with “Overweight” rating in Friday, April 20 report. Citigroup upgraded the shares of BK in report on Wednesday, January 10 to “Buy” rating. The rating was maintained by Sandler O’Neill on Thursday, January 18 with “Hold”. The firm has “Buy” rating given on Friday, April 6 by Deutsche Bank. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Thursday, March 8 by Keefe Bruyette & Woods. As per Thursday, April 19, the company rating was maintained by Keefe Bruyette & Woods.

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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