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

The Bank of New York Mellon Corporation BK will release earnings results for its fourth quarter, before the opening bell on Wednesday, Jan. 15, 2025.

Analysts expect the New York-based company to report quarterly earnings at $1.54 per share, up from $1.28 per share in the year-ago period. Bank of New York Mellon projects to report revenue of $4.65 billion for the recent quarter, compared to $4.31 billion a year earlier, according to data from Benzinga Pro.

On Oct. 11, the finance behemoth reported third-quarter adjusted earnings per share of $1.52 (+20% YoY), beating the street view of $1.42.

Bank of New York Mellon shares gained 1.3% to close at $77.92 on Monday.

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.

Wolfe Research analyst Steven Chubak downgraded the stock from Outperform to Peer Perform on Jan. 3. This analyst has an accuracy rate of 70%.
Wells Fargo analyst Whit Mayo maintained an Equal-Weight rating and boosted the price target from $81 to $82 on Jan. 2. This analyst has an accuracy rate of 67%.
Keefe, Bruyette & Woods analyst David Konrad maintained an Outperform rating and raised the price target from $87 to $96 on Dec. 3, 2024. This analyst has an accuracy rate of 71%.
Citigroup analyst Keith Horowitz maintained a Neutral rating and raised the price target from $75 to $82 on Nov. 25, 2024. This analyst has an accuracy rate of 78%.
Wells Fargo analyst Whit Mayo maintained an Equal-Weight rating and raised the price target from $79 to $81 on Nov. 15, 2024. This analyst has an accuracy rate of 67%.

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