The Bank of New York Mellon Corporation BK will release earnings results for its fourth quarter, before the opening bell on Wednesday, Jan. 15, 2025.Analysts expect the New York-based company to report quarterly earnings at $1.54 per share, up from $1.28 per share in the year-ago period. Bank of New York Mellon projects to report revenue of $4.65 billion for the recent quarter, compared to $4.31 billion a year earlier, according to data from Benzinga Pro.On Oct. 11, the finance behemoth reported third-quart ...

The Zacks Major Regional Banks will benefit from the Federal Reserve’s interest rate cuts as the deposit/funding costs come down and the industry-wide lending backdrop improves. Further, a decent economic expansion will support the industry players’ net interest income (NII) and margins.Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset quality is likely to exert pressure on the financials to some extent, major banks like U.S. Bancorp (USB) , Truist Fina ...

S&P 500 Performance - The S&P 500 Index rallied 26 2% year to date in 2024 driven by optimism regarding the Federal Reserve's interest rate cut trajectory robust economic growth and a solid rebound in the capital market business [1] Banking Sector Overview - The S&P 500 Banks Industry Group Index rose 18 7% in 2024 with several banks outperforming the broader index including Goldman Sachs Bank of New York Mellon Wells Fargo JPMorgan Chase and M&T Bank [10] - The Federal Reserve cut interest rates by 100 basis points in 2024 with the latest cut on Dec 18 2024 bringing the Fed fund rates to 4 25-4 5% [12] - Global M&A deal value increased 15% in 2024 to $3 45 trillion recovering from a decade-low in 2023 [13] - Donald Trump's re-election and expected expansionary economic policies including reduced capital requirements deregulation and relaxed fiscal policies are expected to support the banking sector [15] - The Federal Reserve expects to lower interest rates twice in 2025 and two additional times in 2026 bringing the rate to 3 4% by the end of 2026 [16][17] Goldman Sachs (GS) - Goldman Sachs' net interest income (NII) reached $6 47 billion in the first nine months of 2024 reflecting a 29% increase from the same period in 2023 [3] - The Zacks Consensus Estimate for the company's earnings per share for 2024 and 2025 is pegged at $37 05 and $43 04 respectively implying increases of 62% and 16 17% [4] - Investment Banking revenues increased 24% in the first nine months of 2024 as global M&A bounced back [20] - The company's cash and cash equivalents were $155 billion as of Sept 30 2024 with total unsecured debt of $325 billion [22] - Goldman Sachs increased its common stock dividend by 9 1% to $3 per share in July 2024 and repurchased approximately $6 billion worth of its common shares in the first nine months of 2024 [22] Bank of New York Mellon (BK) - Non-U S revenues constituted 35% of total revenues in the first nine months of 2024 [5] - The company hiked its quarterly cash dividend by 12% to 47 cents per share in June 2024 and announced a share repurchase program worth $6 billion in April 2024 [6] - The Zacks Consensus Estimate for the company's earnings per share for 2024 and 2025 is pegged at $5 84 and $6 61 respectively implying year-over-year increases of 15 64% and 13 15% [27] - The company's total debt was $52 7 billion as of Sept 30 2024 significantly lower than its cash and due from banks and interest-bearing deposits of $108 5 billion [25][26] Wells Fargo (WFC) - Wells Fargo's CEO expressed confidence in the bank's progress to fix compliance problems following its years-long fake account scandal [7] - The company announced a dividend hike of 14% to 40 cents per share in July 2024 and had the authority to repurchase up to $11 3 billion of common stock as of Sept 30 2024 [8] - Wells Fargo's NII increased 10% in the first nine months of 2024 contributing to the continued expansion of overall revenues [30] - The company's liquidity coverage ratio was 127% as of Sept 30 2024 with liquid assets totaling $185 5 billion [31] - The Zacks Consensus Estimate for the company's earnings per share for 2024 and 2025 is pegged at $5 28 and $5 49 respectively [32] JPMorgan Chase (JPM) - JPMorgan's Investment Banking fees increased 33% in the first nine months of 2024 driven by a strong capital market performance [33] - The company's NII rose 3% in the first nine months of 2024 from the same period in 2023 [36] - JPMorgan announced plans to open more than 500 branches by 2027 and renovate 1 700 existing locations by 2027-end [37] - The company's total debt was $850 1 billion as of Sept 30 2024 with cash and due from banks and deposits with banks totaling $434 3 billion [38] - The Zacks Consensus Estimate for the company's earnings per share for 2024 and 2025 is pegged at $18 82 and $16 77 respectively [39] M&T Bank (MTB) - M&T Bank's revenues saw a CAGR of 10 2% over the past five years (2018-2023) [34] - The company's total debt was $14 2 billion as of Sept 30 2024 significantly lower than the cash and due from banks and interest-bearing deposits at banks of $26 6 billion [41] - The company hiked its quarterly dividends by 4% to $1 35 per share in May 2024 and repurchased 3 8 million shares of its common stock in the first nine months of 2024 [42] - The Zacks Consensus Estimate for the company's earnings per share for 2024 and 2025 is pegged at $14 62 and $16 41 respectively [43]

This year started on a strong note for the U.S. economy, driven by optimism over potential faster interest cuts by the Federal Reserve, a strong labor market, rising consumer spending, and technological developments. Nonetheless, the optimism related to interest rate cuts gradually faded as inflation continued to be persistent and did not come down as expected. This led to uncertainty regarding the pace of rate cuts. Though the Fed has reduced interest rates by 100 basis points since September, it has hinte ...

The Zacks Finance sector comprises a diversified set of players, ranging from banks, investment companies and insurance companies to real estate firms, which offer a varied set of financial services to their clients. With a few days left for 2024 to end, factors such as a favorable pricing environment, tight labor market, improved consumer spending and technology advancements have played a pivotal role in shaping the performance of the sector so far this year. Since the beginning of 2024, the spotlight rema ...

Bank of New York Mellon (NYSE: BK ) has the distinction of being the world’s largest custodian bank. The stock held a Quant rating of Buy or Strong Buy continuously from July 2023 to November 2024 – aJoseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The insights expressed in his research are solely his own; they do not represent the views or financial ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Shares of The Bank of New York Mellon Corporation (BK) , popularly known as BNY Mellon, have performed remarkably well this year. Last week, the stock touched a new 52-time high of $80.29 during Wednesday’s trading session, ending just 3% below this level on Friday.BK stock has soared 48% this year. It has widely outperformed its industry, the S&P 500 Index and close peers —Northern Trust (NTRS) and State Street (STT) . Year-to-Date Price Performance Image Source: Zacks Investment ResearchLast week was an i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware ...

The Bank Of New York Mellon Corporation BK posted better-than-expected third-quarter results on Friday.The finance behemoth reported third-quarter adjusted earnings per share of $1.52 (+20% YoY), beating the street view of $1.42. Quarterly revenue of $4.648 billion, an increase of 5% year-over-year, surpassed the analyst consensus of $4.542 billion."BNY reported strong third quarter results, reflecting growth across our three business segments and consistent execution against our strategic priorities, with ...