), is providing some color on the stock. “While the stock is not expensive at 11.5x our revised 2012 EPS estimate of $2.45, we see near-term vulnerability to negative revision trends,” Jefferies writes. “We believe BK's 1Q reported EPS of $0.50 should mark a trough for quarterly EPS given our expectation for stabilizing spread income, continued fee growth and better expense controls. That said, we remain decently below the Street based on a lower starting point EPS run-rate.” Bank of New York Mellon Corporation closed Tuesday at $28.35.