Bank of New York Mellon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - The Bank of New York Mellon Corporation is set to release its fourth-quarter earnings results on January 15, 2025, before the market opens [1] - Analysts predict the company will report earnings of $1.54 per share, an increase from $1.28 per share in the same quarter last year [1] - The projected revenue for the recent quarter is $4.65 billion, compared to $4.31 billion a year earlier [1] - In the third quarter, the company reported adjusted earnings per share of $1.52, reflecting a 20% year-over-year increase, surpassing analysts' expectations of $1.42 [1] - Bank of New York Mellon shares rose by 1.3% to close at $77.92 on Monday [1] Group 2 - Wolfe Research analyst Steven Chubak downgraded the stock from Outperform to Peer Perform on January 3, with a 70% accuracy rate [4] - Wells Fargo analyst Whit Mayo maintained an Equal-Weight rating and increased the price target from $81 to $82 on January 2, with a 67% accuracy rate [4] - Keefe, Bruyette & Woods analyst David Konrad kept an Outperform rating and raised the price target from $87 to $96 on December 3, 2024, with a 71% accuracy rate [4] - Citigroup analyst Keith Horowitz maintained a Neutral rating and increased the price target from $75 to $82 on November 25, 2024, with a 78% accuracy rate [4] - Wells Fargo analyst Whit Mayo also maintained an Equal-Weight rating and raised the price target from $79 to $81 on November 15, 2024, with a 67% accuracy rate [4]