Bank of New York Mellon (NYSE:BK) set to report earnings on April 11, 2025, with consensus earnings of $1.49, a 16% increase from last year. Revenues expected to grow by 5%, driven by higher assets under custody and administration, cost cuts, and focus on higher-margin businesses. Company has $53 billion market cap and $18 billion revenue over last 12 months.
U.S. markets volatile after Trump’s tariff announcement and suspension. S&P 500 down 10.5% but rebounded by 9.5%. Trade war with China escalates with US imposing 125% tax on Chinese goods and China announcing 84% tax on US imports. Bank of New York Mellon may be impacted as lower stock market valuations affect revenues. BNY stock down 2% in last 5 days.
Bank of New York Mellon’s historical odds of positive post-earnings return show 60% positive one-day returns over last 5 years, increasing to 75% in last 3 years. Median of positive one-day returns is 4.1% and median of negative returns is -2.1%. Correlation between 1D, 5D, and 21D historical returns important for trading strategy.
Read more at Nasdaq: How Will Bank of New York Mellon Stock React To Its Upcoming Earnings?