The Bank of New York Mellon Corporation Setting The Table For Earnings

Geronimo Vena
Aprile 21, 2017

Bank of New York Mellon Corp has a 52 week low of $35.72 and a 52 week high of $49.54.

09/17/2015 - Bank Of New York Mellon Corporation (The) was upgraded to " by analysts at Bank of America Merrill Lynch. State Street Corp increased its position in shares of Bank of New York Mellon Corp by 8.5% in the fourth quarter. The stock tapped a 52-week high of US$49.54 while the mean 12-month price target for the shares is US$51.83. Neuberger Berman Group Inc Ltd Company has invested 0.09% in Bank of New York Mellon Corp (NYSE:BK). The Relative Volume value measured for The Bank of New York Mellon Corporation (BK) is 0.63.

The TTM operating margin is 88.1%.

Moreover, Bank of New York Mellon is digitizing the firm and harnessing emerging technologies, that will result in an increasingly distinctive client experience, new sources of value for the clients and reduced structural costs for the bank. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. Latest closing price was -1.29% below its 50-day moving average and 5.63% above its 200-day moving average. The stock has a market cap of $48.72 billion, a PE ratio of 14.91 and a beta of 1.32.

Bank Of New York Mellon Corp. on Thursday reported first-quarter earnings of $880 million.

In terms of earnings per share, 17 analysts have a 0.85 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 17 analysts have a 0.94 EPS mean target and for the quarter ending Sep-17 there are 17 estimates of 3.48 EPS. The business earned $3.84 billion during the quarter, compared to analysts' expectations of $3.83 billion. Stratos Wealth Ltd has invested 0.06% in Bank of New York Mellon Corp (NYSE:BK). On an adjusted basis, net profit for the quarter was $920 million, when compared with $852 million in the previous year period. Analysts expect Bank of New York Mellon Corp to earn $3.90 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 19.5%. Bank New York Mellon Corp now has $48.70 billion valuation.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & global copyright laws. The Habit Restaurants Inc had 9 analyst reports since August 6, 2015 according to SRatingsIntel. This rating was issued on 3/03/17.

07/11/2016 - Bank Of New York Mellon Corporation (The) had its "hold" rating reiterated by analysts at Jefferies. Raymond James Financial, Inc. upgraded Bank Of New York Mellon Corporation (The) from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $50.00 to $57.00 in a report on Wednesday, December 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock.

10/21/2016 - Bank Of New York Mellon Corporation (The) had its " rating reiterated by analysts at Morgan Stanley.

In other news, Vice Chairman Brian T. Shea sold 199,676 shares of the stock in a transaction that occurred on Wednesday, February 8th. Following the completion of the sale, the insider now owns 348,486 shares in the company, valued at approximately $15,706,264.02. Longview Partners Guernsey LTD now owns 17,148,086 shares of the company's stock valued at $683,866,000 after buying an additional 286,271 shares in the last quarter.

Now the P/E of The Bank of New York Mellon Corporation stands at 14.89. The Company operates businesses through two segments: Investment Management and Investment Services.

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