Bank of New York Mellon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga
04-11

The Bank of New York Mellon Corporation (NYSE:BK) will release its first-quarter financial results before the opening bell on Friday, April 11.

Analysts expect the bank to report quarterly earnings at $1.51 per share, up from $1.29 per share in the year-ago period. Bank of New York Mellon projects quarterly revenue of $4.77 billion, compared to $4.53 billion a year earlier, according to data from Benzinga Pro.

On March 3, BNY priced $500 million public offering of depositary shares linked to 6.300% Series J Preferred Stock.

Bank of New York Mellon shares fell 3.5% to close at $76.61 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and cut the price target from $98 to $94 on April 7, 2025. This analyst has an accuracy rate of 61%.
  • Citigroup analyst Keith Horowitz maintained a Neutral rating and raised the price target from $82 to $85 on March 24, 2025. This analyst has an accuracy rate of 74%.
  • RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating with a price target of $90 on March 17, 2025. This analyst has an accuracy rate of 69%.
  • Wells Fargo analyst Whit Mayo maintained an Equal-Weight rating and raised the price target from $86 to $96 on March 3, 2025. This analyst has an accuracy rate of 68%.
  • UBS analyst Brennan Hawken maintained a Buy rating and increased the price target from $88 to $94 on Jan. 21, 2025. This analyst has an accuracy rate of 70%.

Considering buying BK stock? Here’s what analysts think:

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