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With a market cap of $56.1 billion, The Bank of New York Mellon Corporation (BK) is a leading global financial services company. It provides financial products and services to institutions, corporations, governments, and high-net-worth individuals worldwide. The New York-based company is expected to unveil its fiscal Q4 earnings results before the market opens on Wednesday, Jan. 15.
Before the event, analysts anticipated the investment bank to report a profit of $1.52 per share, up 18.8% from $1.28 per share in the same quarter last year. The company has surpassed Wall Street's earnings projections in the past four quarters. BK exceeded the consensus estimate by a margin of 7.8% in the most recent quarter.