Investors are excited for Q3 earnings of BNY Mellon and Progressive, both expected to perform well.

From Zacks Investment Research: 2024-10-10 16:30:29

Investors are eagerly awaiting the third quarter results from major US banks, including JPMorgan Chase and The Bank of New York Mellon, set to release on October 11. BNY Melon, with a Zacks Rank #2 (Buy), is expected to see a 3% increase in sales to $4.52 billion and a 10% jump in earnings to $1.40 per share. The stock has surged over 70% year to date and has a forward earnings multiple of 12.9X. Progressive, also with a Zacks Rank #1 (Strong Buy), is projected to experience a 22% spike in net premiums earned to $17.94 billion in Q3, driving a 59% rise in EPS to $3.33. With a strong track record of surpassing earnings expectations, Progressive remains a top pick for investors.



Read more at Zacks Investment Research: 2 Finance Stocks to Buy as Q3 Earnings Approach: BK & PGR – October 10, 2024