The Bank of New York Mellon Corporation (BK) Beats Q4 Earnings and Revenue Estimates

Core Insights - The Bank of New York Mellon Corporation reported quarterly earnings of $1.72 per share, exceeding the Zacks Consensus Estimate of $1.56 per share, and showing an increase from $1.28 per share a year ago, resulting in an earnings surprise of 10.26% [1] - The company achieved revenues of $4.85 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.92% and up from $4.31 billion year-over-year [2] - The stock has underperformed the market with a decline of about 1.2% since the beginning of the year, compared to the S&P 500's decline of 0.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.44 on revenues of $4.65 billion, and for the current fiscal year, it is $6.61 on revenues of $19.1 billion [7] - The estimate revisions trend for the company is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Major Regional industry is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]