Investors are always looking for stocks that are poised to beat at earnings season and The Bank of New York Mellon Corporation (BK) , popularly known as BNY Mellon, may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because BNY Mellon is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the mos ...

The Bank of New York Mellon Corporation (BK) is scheduled to report first-quarter 2024 results on Apr 16, before market open. The company’s revenues and earnings are expected to have witnessed an increase in the quarter on a year-over-year basis.In the last reported quarter, BK’s earnings surpassed the Zacks Consensus Estimate. Its results were primarily aided by a rise in net interest revenues (NIR). The assets under management balance witnessed a rise, which, along with higher fee revenues, was another po ...

NEW YORK, April 12, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, is collaborating with Accenture (NYSE:ACN), a leading professional services company, to modernize financial services offerings with an initial focus on data management and analytics product development and delivery. The companies will use leading technologies to unleash the power of data at new speed to help their joint clients drive accelerated growth. Combining Accenture's data, AI, and platform engineeri ...

NEW YORK, April 11, 2024 /PRNewswire/ -- BNY Mellon has appointed Shannon Hobbs as Chief People Officer. Ms. Hobbs will join the company on June 3, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee.  "Our people and culture are among our core strengths, and the People Team is central to how we will continue to succeed as a firm and as a top talent destination," said Mr. Vince. "Shannon is a proven leader with a commercial mindset, and dee ...

Analysts on Wall Street project that The Bank of New York Mellon Corporation (BK) will announce quarterly earnings of $1.20 per share in its forthcoming report, representing an increase of 6.2% year over year. Revenues are projected to reach $4.38 billion, increasing 0.3% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initi ...

The market expects The Bank of New York Mellon Corporation (BK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 16, 2024, might help the stock move higher i ...

NEW YORK and SAN DIEGO, April 9, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, today announced a new collaboration of its short-term investment platform, LiquidityDirect, with Kyriba, a global leader in cloud treasury and finance solutions. This development combines Kyriba's secure, scalable SaaS solution to BNY Mellon's LiquidityDirect platform to enhance liquidity performance and unlock greater cash visibility. In addition, clients are provided with a seamless, holistic ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering The Bank of New York Mellon Corporation (BK) , which belongs to the Zacks Banks - Major Regional industry.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.84%.For the most recent quarter, The Bank of New York Mellon was expected to post ...

The Bank of New York Mellon Corp. (BK) announced partnership expansion between its Investment Management business and alternative credit specialist CIFC. This will enhance product offerings across both public and private markets, particularly in the U.S. private credit.BNY Mellon has been providing services to CIFC as a valuable client for more than 10 years. This partnership is in alignment with the company’s expansion efforts and enable its investment management business to access CIFC’s U.S. direct lendi ...

NEW YORK, March 21, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today announced that it will redeem all of the issued and outstanding Floating Rate Senior Notes due April 26, 2024 (CUSIP 06406RAT4) (the "Notes"). The Notes have an aggregate principal amount of $400,000,000. The redemption date for the Notes is March 26, 2024 (the "Redemption Date"). The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid i ...