The Bank of New York Mellon Corporation (NYSE:BK) financial products and services provider, is expected to report second quarter earnings results, before market open, on Wednesday 15th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.91 per share.
Looking ahead, the full year income are expected at $ 3.79 per share on the revenues of $ 15703.20 million.
Previous Quarter Performance
The Bank of New York Mellon Corporation unwinded income for the first quarter of $ 1.05 per share, from the revenue of $ 4.11 million. The quarterly earnings up 11.70 percent while revenues lowered 99.89 percent compared with the same quarter last year.
Wall street analysts are predicting, BK to report 1Q20 income of $ 0.88 per share from revenue of $ 3850.19 million. The bottom line results beat street analysts by $ 0.17 or 19.32 percent, at the same time, top line results fell short of analysts by $ 3 million or 99.89 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of The Bank of New York Mellon Corporation
Stock Performance
According to the previous trading day, closing price of BK was $ 38.97, representing a 47.61 % increase from the 52 week low of $ 26.40 and a 24.48 % decrease over the 52 week high of $ 51.60.
The company has a market capital of $ 34.51 billion and is part of the Financial Services sector and Asset Management industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”BK” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 1st June 2020, maintained by Morgan Stanley at Underweight rating, with $ 42.00 target price.
Recent Stock Dividend Announcement
On April 16, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on April 28, 2020, with payment date of May 11, 2020 and ex-dividend date on April 27, 2020.
Conference Call
The Bank of New York Mellon Corporation will be hosting a conference call at 8:00 AM eastern time on 15th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, +1 800-390-5696 or +1 720-452-9082 Outside U.S., and the passcode is 807070 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/bk/mediaframe/38411/indexr.html
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.
