Bank of New York Mellon Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - The Bank of New York Mellon Corporation (BK) is set to release its second-quarter earnings results on July 15, with analysts expecting earnings of $1.75 per share, an increase from $1.51 per share in the same period last year [1] - The projected quarterly revenue for BNY Mellon is $4.81 billion, compared to $4.6 billion a year earlier [1] - On July 1, BNY Mellon announced a 13% increase in its quarterly common stock dividend to 53 cents per share [2] Group 2 - Evercore ISI Group analyst Glenn Schorr maintained an In-Line rating and raised the price target from $88 to $90 [4] - Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and increased the price target from $94 to $95 [4] - Truist Securities analyst David Smith downgraded the stock from Buy to Hold while raising the price target from $87 to $97 [4] - Citigroup analyst Keith Horowitz maintained a Neutral rating and increased the price target from $82 to $85 [4] - RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating with a price target of $90 [4]