The Bank Of New York Mellon Corporation Q4 Earnings And Revenues Top Estimates

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The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 1.96%. A quarter ago, it was expected that this company would post earnings of $1.02 per share when it actually produced earnings of $1.04, delivering a surprise of 1.96%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

The Bank of New York Mellon Corporation, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $4.02 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $3.84 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

The Bank of New York Mellon Corporation shares have added about 9.5% since the beginning of the year versus the S&P 500's decline of -2.2%.

What's Next for The Bank of New York Mellon Corporation?

While The Bank of New York Mellon Corporation has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.02 on $4.02 billion in revenues for the coming quarter and $4.68 on $16.54 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the top 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Disclaimer: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

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