Bank of New York Mellon Earnings Preview
Portfolio Pulse from Benzinga Insights
Bank of New York Mellon (NYSE:BK) is scheduled to release its quarterly earnings report on January 12, 2024. Analysts predict an EPS of $1.12. Investors are looking for an earnings beat and positive guidance for future growth. Historically, BK's stock price has shown mixed reactions to earnings reports. Shares are currently trading at $52.73, with a 6.75% increase over the last year. The upcoming earnings report could influence the stock's performance.
January 11, 2024 | 2:00 pm
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Bank of New York Mellon is expected to report an EPS of $1.12 for the upcoming quarter. Historical data shows varied stock price reactions post-earnings. Shares have risen 6.75% over the past year, indicating a positive trend.
While BK is expected to report solid earnings, the historical mixed reactions to earnings reports suggest a neutral short-term impact. The stock's positive year-long trend may continue if earnings beat expectations and guidance is favorable, but the actual movement will depend on the specifics of the report and market conditions on the day of the announcement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100