Bank of New York Mellon expected to report Q2 earnings increase, stock surged.
From Yahoo Finance: 2025-06-27 04:11:00
The Bank of New York Mellon Corporation (BK) based in New York offers financial services like asset and wealth management, asset servicing, and treasury solutions. With a market cap of $64.4 billion, it’s the world’s largest custodian bank and securities services provider. Expected to release Q2 earnings on July 15, analysts predict a profit of $1.73 per share, up 14.6% from last year.
Analysts forecast BK to report an EPS of $6.79 for the current year, up 12.6% from fiscal 2024. Looking ahead, EPS is projected to increase by 13.3% year over year to $7.69 in fiscal 2026. BNY Mellon stock has surged by 53.5% in the past 52 weeks, outperforming the S&P 500 and the Financials Sector SPDR.
On June 18, Bank of New York Mellon shares rose over 2% after reports that U.S. regulators may ease a capital rule restricting banks’ Treasury trading activity, leading to a rally in bank stocks. Analysts have a consensus “Moderate Buy” rating on BK stock, with an average price target of $96.56, suggesting a potential upside of 3.9% from current levels.
Read more at Yahoo Finance: What To Expect From The Bank of New York Mellon’s Report