Bank of New York Mellon Corp reports results for the quarter ended June 30 - Earnings Summary

• Bank of New York Mellon Corp BK.N reported quarterly adjusted earnings of $1.94​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.51. The mean expectation of fifteen analysts for the quarter was for earnings of $1.76 per share. Wall Street expected results to range from $1.72 to $1.80 per share.

• Revenue rose 9.4% to $5.03 billion from a year ago; analysts expected $4.83 billion.

• Bank of New York Mellon Corp's reported EPS for the quarter was $1.93​.

• The company reported quarterly net income of $1.39 billion.

• Bank of New York Mellon Corp shares had risen by 4.5% this quarter and gained 24.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.6% 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 11 "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 $97.50, about 2.3% above its last closing price of $95.25

This summary was machine generated from LSEG data July 15 at 11:30 a.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)