Bank of New York Mellon Corp (NYSE: BK) has reported E.P.S. of $1.56 for its fourth fiscal quarter (ending December 31) versus $0.21 for the same period a year ago — an increase of 643%. This result exceeded the consensus estimate of $1.56 by $0.00. For the latest four quarters through December 31, E.P.S. were $5.84 versus $3.89 for the same period a year ago — an increase of 50%.
Recent Price Action
On 1/15/25, Bank of New York Mellon Corp (NYSE: BK) stock enjoyed a very large increase of 8.0%, closing at $82.04. Moreover, exceptionally high trading volume at 246% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.3% during the last week.
Current PriceTarget Research Rating
Bank of New York Mellon has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Bank of New York Mellon has a very high Appreciation Score of 86 and a very high Power Rating of 91, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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