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

June 19, 2018 - By Vivian Park

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 turned negative, 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.
Paragon Cap Management stated it has 5,089 shares. Advisor Prtn Limited Company holds 0.26% or 26,894 shares in its portfolio. Profund Advsrs Ltd Liability invested in 0.05% or 24,740 shares. Dodge And Cox holds 44.92M shares or 1.87% of its portfolio. Amalgamated Bank accumulated 0.17% or 122,870 shares. Geode Capital Mgmt Ltd Com has invested 0.18% in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Thompson Davis & Co has 0.7% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 5,157 shares. Moreover, Carret Asset Mngmt Lc has 0.32% invested in The Bank of New York Mellon Corporation (NYSE:BK). Winslow Evans & Crocker stated it has 7,698 shares. Btr Management owns 4,085 shares or 0.04% of their US portfolio. Stifel Corporation invested 0.07% in The Bank of New York Mellon Corporation (NYSE:BK). One National Association reported 5,114 shares stake. Peoples Fincl Serv has 4,500 shares. Bragg Financial Incorporated invested 0.76% in The Bank of New York Mellon Corporation (NYSE:BK). Kentucky Retirement Insurance Tru Fund holds 0.23% or 23,116 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 13.76 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 increased 0.54% or $0.31 during the last trading session, reaching $57.24. About 4.20 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since June 19, 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. J.P. Morgan downgraded The Bank of New York Mellon Corporation (NYSE:BK) on Friday, January 19 to “Sell” rating. The firm has “Hold” rating by Sandler O’Neill given on Monday, April 9. As per Tuesday, January 9, the company rating was maintained by Jefferies. Morgan Stanley maintained it with “Overweight” rating and $66 target in Monday, March 12 report. The firm has “Buy” rating given on Tuesday, March 6 by Deutsche Bank. On Thursday, April 5 the stock rating was maintained by Jefferies with “Hold”. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Monday, March 12 by Goldman Sachs. Morgan Stanley maintained the stock with “Overweight” rating in Friday, April 20 report. The firm earned “Hold” rating on Thursday, January 18 by Keefe Bruyette & Woods. The stock has “Buy” rating by Vining Sparks on Friday, April 6.

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 $57.85 billion. It operates through two divisions, Investment Management and Investment Services. It has a 14.35 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.

More news for The Bank of New York Mellon Corporation (NYSE:BK) were recently published by: Schaeffersresearch.com, which released: “Worst Stocks to Own After a Fed Rate Hike” on June 08, 2018. Fool.com‘s article titled: “9 Stocks Warren Buffett Loves More Than Ever” and published on June 04, 2018 is yet another important article.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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