Analysts See $0.92 EPS for Bank of New York Mellon Corp (BK)

Lloyd Doyle
September 23, 2017

More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Forbes.com and their article: "BNY Mellon Shrinks Real Estate Investment Portfolio With Sale Of CenterSquare" published on September 21, 2017 as well as Seekingalpha.com's news article titled: "UBS swaps out BNY Mellon for Northern Trust" with publication date: September 08, 2017. It closed at $52.4 lastly. CUI Global Inc (NASDAQ:CUI) has declined 32.86% since September 20, 2016 and is downtrending. It has underperformed by 2.72% the S&P500.

Among 24 analysts covering Equity Residential (NYSE:EQR), 4 have Buy rating, 1 Sell and 19 Hold. Therefore 58% are positive. Wells Fargo & Company started coverage on Bank Of New York Mellon Corporation (The) in a report on Wednesday, August 9th. The company was initiated on Thursday, January 26 by Citigroup. On Friday, July 21 the stock rating was maintained by Deutsche Bank with "Buy". Jefferies maintained Bank of New York Mellon Corp (NYSE:BK) rating on Friday, September 15. SunTrust maintained the shares of EQR in report on Thursday, August 4 with "Buy" rating. The rating was maintained by with "Hold" on Monday, October 10. The rating was downgraded by Goldman Sachs on Wednesday, December 2 to "Buy". Citigroup maintained Lincoln National Corporation (NYSE:LNC) on Wednesday, April 6 with "Neutral" rating. Advisory Services Network LLC acquired a new position in Bank Of New York Mellon Corporation (The) during the 1st quarter worth approximately $111,000. The Berkshire Hathaway Inc holds 50.23 million shares with $2.56B value, up from 33.01 million last quarter. BK's profit will be $950.42 million for 14.22 P/E if the $0.92 EPS becomes a reality. After $0.92 actual earnings per share reported by Bank of New York Mellon Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Its down 0.07, from 1.07 in 2017Q1.

Among 20 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 8 have Buy rating, 1 Sell and 11 Hold. 122 funds opened positions while 230 raised stakes. 831.44 million shares or 1.04% less from 840.22 million shares in 2017Q1 were reported. White Pine Limited Liability Co holds 1.08% or 367,730 shares in its portfolio. Cetera Advisor Ntwk Ltd Liability Corporation owns 0.13% invested in Bank of New York Mellon Corp (NYSE:BK) for 54,544 shares. Moreover, Savings Bank Of Montreal Can has 0.04% invested in Bank of New York Mellon Corp (NYSE:BK) for 729,908 shares. Strs Ohio holds 0.28% of its portfolio in Nike Inc (NYSE:NKE) for 1.06M shares. The Bank of New York Mellon Corporation (BK) now trades with a market capitalization of $53.90 Billion. The stock increased 0.69% or $0.36 during the last trading session, reaching $52.4. Archford Capital Strategies Limited stated it has 0.02% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Bronfman E.L. Rothschild L.P. now owns 2,197 shares of the bank's stock worth $104,000 after purchasing an additional 92 shares during the period. Bank of America Corporation set a $49.00 price target on Bank Of New York Mellon Corporation (The) and gave the stock a "sell" rating in a report on Saturday, May 27th. Therefore 0 are positive. The company's 50-day moving average price is $36.00 and its 200-day moving average price is $36.25. The Bank Of New York Mellon Corporation had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, January 8 with "Buy". Miller Tabak upgraded the stock to "Hold" rating in Wednesday, September 9 report. The stock of Bank of New York Mellon Corp (NYSE:BK) earned "Hold" rating by Jefferies on Monday, July 10. The firm has "Underperform" rating given on Tuesday, October 6 by Credit Suisse. On Friday, January 20 the stock rating was downgraded by Keefe Bruyette & Woods to "Mkt Perform". The company has a market capitalization of $54.16 billion, a price-to-earnings ratio of 15.55 and a beta of 1.14. It has outperformed by 30.57% the S&P500.


Investors sentiment decreased to 0.73 in 2016 Q4. It worsened, as 82 investors sold NKE shares while 439 reduced holdings. About 1.03M shares traded. Dnb Asset Management As reported 114,367 shares. 42,505 are owned by Moneta Gp Invest Advsr Limited Liability Corporation.

Highlander Capital Management Llc decreased its stake in Nike Inc (NKE) by 66.67% based on its latest 2017Q2 regulatory filing with the SEC. Everence Cap Management invested in 4,220 shares or 0.07% of the stock. Canada Pension Plan Investment Board has invested 0.69% in Nike Inc (NYSE:NKE). Highland Mgmt Ltd Partnership reported 0.02% stake. Zacks Investment Research raised shares of Bank Of New York Mellon Corporation (The) from a "hold" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Monday, July 24th. Commercial Bank has invested 0.35% in Nike Inc (NYSE:NKE). Principal Fincl Group stated it has 473,818 shares. Agf America Incorporated stated it has 9,223 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt Corp stated it has 142,061 shares. Gam Holdings Ag holds 0.01% of its portfolio in Loews Corporation (NYSE:L) for 10,584 shares. To fully grasp the existing nature of the stock, a trader will need to know the company's stock price to its revenues.

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