Higher Fee Income to Aid BNY Mellon (BK) Q2 Earnings, NII to Hurt

The Bank of New York Mellon Corporation (BK) is scheduled to report second-quarter 2024 results on Jul 12, before market open. The company’s revenues and earnings are expected to have witnessed increases in the quarter on a year-over-year basis.In the last reported quarter, BK’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in fee revenues, particularly investment services fees. The assets under custody and/or administration and assets under management balance grew ...