BNY Mellon (BK) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 17, 2017 09:09PM ET
The Bank of New York Mellon Corporation (NYSE:BK) is scheduled to report second-quarter 2017 results on Jul 20, before the market opens. Its revenues and earnings are expected to grow year over year.
Last quarter, BNY Mellon’s adjusted earnings were in line with the Zacks Consensus Estimate. A rise in revenues and provision benefits were offset by an increase in expenses and, lower foreign exchange and other trading revenues.
The Zacks Consensus Estimate of 84 cents has remained stable over the last seven days in the absence of any estimate revisions.
Also, BNY Mellon does not have a very impressive earnings surprise history. The company delivered positive surprises in only two of the trailing four quarters with an average beat of 2.8%.
Nevertheless, shares of the company has gained 12.6% year to date, outperforming the Zacks categorized Original post
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