Bank of New York Mellon Corp reports results for the quarter ended December 31 - Earnings Summary

• Bank of New York Mellon Corp BK.N reported quarterly adjusted earnings of $1.72​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.28. The mean expectation of sixteen analysts for the quarter was for earnings of $1.56 per share. Wall Street expected results to range from $1.47 to $1.67 per share.

• Revenue rose 12.4% to $4.85 billion from a year ago; analysts expected $4.66 billion.

• Bank of New York Mellon Corp's reported EPS for the quarter was $1.54​.

• The company reported quarterly net income of $1.13 billion.

• Bank of New York Mellon Corp shares had fallen by 1.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Bank of New York Mellon Corp is $90.00

This summary was machine generated from LSEG data January 15 at 12:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)