Bank of New York Mellon Corp (NYSE: BK) has reported E.P.S. of $0.33 for its fourth fiscal quarter (ending December 31) versus $0.63 for the same period a year ago — a decline of -48%. This result fell short of the consensus estimate of $1.12 by $-0.79. E.P.S. were $4.01 for the latest four quarters through December 31 versus $2.91 for the same period a year ago — an increase of 38%.
Recent Price Action
On 1/12/24, Bank of New York Mellon Corp (NYSE: BK) stock enjoyed a large increase of 4.0%, closing at $54.85. Moreover, this advance was accompanied by unusually high trading volume at 195% of normal. The stock has risen 5.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BK is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Bank of New York Mellon has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Bank of New York Mellon has a good Power Rating of 79 and a very high Appreciation Score of 89, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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