Earnings Preview: Bank of New York Mellon Earnings Expected to Increase Over Last Quarter

It's time to gear up for Bank of New York Mellon BK earnings! Keep your head in the game: The company releases its next round of earnings this Tuesday, July 19, 2011.

Want to get all the facts ahead of this Tuesday's announcement? We thought so. Here's an advanced look at Bank of New York Mellon's second quarter earnings report.

Let's Do the Numbers:

Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of 56 cents per share and revenues of $3.71 billion. Can Bank of New York Mellon manage the estimated 89% rise in EPS and a 112% increase in revenues as analysts are predicting? We'll have to wait until Tuesday to find out.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	57 cents	57 cents	54 cents	55 cents
EPS Actual	54 cents	59 cents	56 cents	59 cents

Stock Performance:

At last check, shares of Bank of New York Mellon were trading at $25.10. Since January 1st, shares of Bank of New York Mellon have declined 16.3%. For a full 12 months, the return has declined by 4.5%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

• Long-term shareholders are already wary of 12-month losses prior to the announcement

Average Stock Rating:

The average rating by analysts for Bank of New York Mellon is a Moderate Buy. The strength of this rating has stayed consistent over the past three months.

Competitors:

Wondering how some of the other financials companies are doing? Here are a few of Bank of New York Mellon's peers in that sector.

• Bank of America BAC: Hold with a $0.17 recent quarter EPS
• Citigroup C: Moderate Buy with a $1.0 recent quarter EPS
• Goldman Sachs Group GS: Moderate Buy with a $1.56 recent quarter EPS
• JPMorgan Chase & JPM: Moderate Buy with a $1.28 recent quarter EPS

Bank of New York Mellon is in the banks industry, which has experienced price/earnings growth of 0.1%.

Finally, a description of the main business areas of the company, in case you need a little refresher: Bank of New York Mellon (BNY Mellon) is a global financial services company offering various products and services for individuals and institutions. The main activities of the company and its subsidiaries include asset management, wealth management, and broker-dealer and advisory services.

Take Action:

That's your advanced look at Bank of New York Mellon's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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