Bank of New York Mellon Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Bank of New York Mellon (NYSE:BK)

Earnings Results - The Bank of New York Mellon Corporation is set to release its fourth-quarter earnings results on January 13, 2025, before the market opens [1] - Analysts predict earnings of $1.98 per share, an increase from $1.72 per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $5.14 billion, up from $4.85 billion a year earlier [1] Collaboration and Stock Performance - On December 8, Bank of New York Mellon announced a collaboration with Google Cloud to enhance its Eliza AI platform with Gemini Enterprise [2] - Following the announcement, Bank of New York Mellon shares fell by 0.7%, closing at $120.45 [2] Analyst Ratings and Price Targets - TD Cowen analyst Steven Alexopoulos maintained a Buy rating and raised the price target from $133 to $145 [3] - Truist Securities analyst David Smith upgraded the stock from Hold to Buy and increased the price target from $119 to $134 [3] - Barclays analyst Jason Goldberg maintained an Overweight rating and raised the price target from $120 to $143 [3] - Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and increased the price target from $118 to $124 [3] - Wells Fargo analyst Mike Mayo maintained an Equal-Weight rating and raised the price target from $100 to $109 [3]